Financial services company Capital One partnered with blockchain startup Gem to develop blockchain ledger for managing healthcare claims

Briefing

Financial services company Capital One partnered with blockchain startup Gem to develop blockchain ledger for managing healthcare claims

October 27, 2016

Briefing

  • Health Claims Blockchain – Financial services firm Capital One partnered with blockchain startup Gem to manage healthcare claims on blockchain
  • GemOS – Built on GemOS which manages data, identities and rules on blockchain
  • Interoperable System – Integrates records between payers, providers and banks
  • How It Works – Separate identities created for provider, payer, and their banks which they use to create claims, approve and send payment on single ledger, keeping each one updated and transactions transparent
  • Other Partnerships – Capital One collaborating with other digital technology providers to enhance treasury services platform

Accelerator

Market Disruption

Business Model and Practices

Business Model
and Practices

Sector

Financial Services, Information Technology

Organization

Capital One Financial Corp., Gem

Source

Original Publication Date

October 26, 2016

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