Blockchain Health Startup Hashed Health Raises Nearly $2 Million in Initial Funding Round

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Hashed Health, a consortium leveraging Blockchain and distributed ledger technologies for transformation in the U.S. healthcare system, announced an initial funding round of nearly $2 million.

“Hashed Health is strategically positioned to begin development of healthcare-specific solutions for streamlining ineffective healthcare delivery models, and to address a range of well-known issues in healthcare,” said Founder and CEO John Bass.

Martin Ventures led the round and is known for backing new business models that remove friction and inefficiencies inherent in healthcare transactions and bring fresh approaches to consumer engagement in care.

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Charles Martin, chairman and founder of Martin Ventures said:

“Blockchain and distributed ledger technologies hold tremendous promise in our attempts to place the consumer at the center of the healthcare ecosystem. The healthcare industry must be drastically reformed in order to address problems related to quality, cost and waste. Hashed Health is poised to drive innovation and collaboration to reach these goals.”

Another investor is Shanghai-based Blockchain VC Fenbushi Capital.

“We strongly believe Hashed Health’s Blockchain technology will play an important role in bringing transparency, efficiency and robustness into the global healthcare economy,” said Bo Shen, Founding Partner of Fenbushi.

“We are proud to partner with Martin Ventures, a leader in healthcare investments, and Fenbushi Capital, a leader in Blockchain investments,” said John Bass. “With the initial round closed, we are continuing the exciting work of organizing the market around these game-changing projects.”

Drawing on a combined 50 years of experience in healthcare operations and IT integrations, Hashed Health plans to foster collaboration among leading healthcare enterprises to advance distributed ledger solutions to address long-standing and systemic healthcare industry issues.

Hashed Health is a healthcare technology consortium dedicated to leveraging the Blockchain and distributed ledger to develop work groups centered on specific healthcare use cases. To empower its members, Hashed Health provides value-added services such as network product management, product development, regulatory guidance and technology support services for Blockchain networks. Hashed Health work groups focus on Blockchain implementations to address a range of well-known issues in healthcare including IoT, revenue cycle management, payment reform, medical records, insurance and healthcare/pharmaceutical supply chain logistics. More information can be found at http://www.hashedhealth.com/ or by emailing join@hashedhealth.com.

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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