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The Future of Distributed Compliance Management for Healthcare Professionals

For licensed medical professionals as well as the health organizations that employ them, the management of compliance records can be a challenging endeavor.

This conundrum underscores the need for new advancements in secure storage and document access, which could eliminate paperwork while automating the vital task of compliance reporting.

One company that’s making use of blockchain technology to approach this knotty issue is Intiva Health. By way of its distributed ledger platform, licensed medical professionals could be able to store and control access to credentialing documents in one place.

Through this platform, healthcare professionals typically receive alerts about expiring credentials and can commit one-click sharing with human resource and/or compliance departments that are required to maintain a repository of updated documents. Intiva offers a single place for healthcare professionals to manage their credentialing, continuing education, new job opportunities, secure messaging needs and more, all from a single dashboard.

Now, in a move tied to its broader mission of assisting healthcare professionals through every step of their careers, Intiva Health will be building the next generation of its technology on top of a cutting-edge “hashgraph” distributed ledger technology, curated by the software platform Swirlds.

“Intiva helps healthcare professionals manage large amounts of critical information necessary for the hugely time-consuming task of credentialing,” said Jim Comstock, president of Intiva Health. “As such, we require world-class security, reliability and scalability in our underlying platform.”   

This new technology could lead to the industry’s first career platform capable of fueling the rapid placement and ongoing credentialing of physicians, nurses and other healthcare professionals.

After assessing numerous distributed technologies, Intiva determined that the Swirlds hashgraph platform was the only one that could meet the stringent security requirements for personal data in the healthcare space.

Hashgraph, like Bitcoin’s blockchain, is a distributed ledger providing a decentralized online record of transactions that can be accessed by multiple parties. The consensus algorithm, developed by Swirlds co-founder and CTO Leemon Baird, uses an entirely new protocol to enable distributed communities to reach consensus in a fast and secure way. 

Swirlds is a platform created to build and run fully distributed applications that harness the power of the cloud without servers. Applications built on the Swirlds platform boost peer-to-peer trust without the need for a central server. Leveraging the hashgraph consensus algorithm, it delivers high transaction throughput, low consensus latency and fairness in transaction order.

“Intiva Health is turning the healthcare credential model on its head, giving healthcare providers control over their credentials like they’ve never had before,” said Mance Harmon, Swirlds c0-founder and CEO. “They are an industry leader in recognizing that individuals want to control their own data, and want to be able to share that data securely and efficiently, with only the parties they desire.”

As a result of this new partnership, Intiva users will now have access to one of the industry’s most secured distributed ledger technologies, thereby positioning Intiva as the only platform to offer immutable and primary-source-verified credentials.

2019 Investments in Crypto and Blockchain Startups at $850 Million

Source: Reuters

According to data compiled by Pitchbook for Reuters, venture capital investment in crypto and blockchain startups has reached $850 million so far this year.

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The Enterprise Ethereum Alliance has announced a "Token Taxonomy Initiative" to develop universal definitions for tokens to encourage their interchangeability across blockchain platforms. Members of the initiative include Microsoft, R3, ConsenSys, IBM, EY, Accenture and Intel.

Gemini Adds Support for SegWit

Source: Gemini

Gemini Trust, a New York-based cryptocurrency exchange, has announced support for Segregated Witness (SegWit) addresses and transaction batching. As a result, customers can now use SegWit addresses for bitcoin deposits and withdrawals, ideally improving processing times and lowering bitcoin withdrawal fees.

Nestlé and Carrefour to Share Product Data With Consumers Via Blockchain

Source: Nestlé

Food producer Nestlé and retailer Carrefour will equip the packaging of a French instant mashed potato product with a QR code that provides blockchain-based data about its origins to consumers. The pilot was developed in conjunction with IBM Food Trust.