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

Briefing

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	Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	Innovation Partnerships
Business Model and Practices Business Model and Practices	Evolved Distribution Channels, Innovative Partnerships
Sector	Financial Services, Information Technology
Organization	Capital One Financial Corp., Gem
Source	Castor, A., "Gem partners with Capital One for blockchain-based health care claims management", Bitcoin Magazine, https://bitcoinmagazine.com/; Mukherjee, S., "Capital One is trying to bring the blockchain to health care", Fortune, http://fortune.com/; Higgins, S., "Capital One testing blockchain for healthcare claims", CoinDesk, http://www.coindesk.com/; AcceleratingBiz analysis
Original Publication Date	October 26, 2016

Related Briefings

Japanese conglomerate Softbank and Finnish telecommunications company Nokia became first to test 5G network to connect cars at Honda research and development site in Hokkaido

February 13, 2020

Driverless delivery company Nuro became first to gain approval from U.S. Department of Transportation to test vehicle without steering wheels, pedals or side view mirrors on public roads

February 10, 2020

Turkey announced it will produce first domestic electric vehicle by 2022, with plans to invest $3.7 billion

January 22, 2020

Indian consulting firm InfoSys launched three blockchain distributed applications for government services, insurance and supply chain management

December 23, 2019

Europe’s central banks proposed central bank digital currency (CBDC) that will allow for private transactions while complying with anti-money laundering (AML) checks

December 19, 2019

Go to page

Related Proof Points

Global Companies’ Top Barriers to Blockchain Adoption

April 2, 2019

Online Payment Methods Used By Global Consumers

March 27, 2019

Companies Hiring Staff with Blockchain Experience in Selected Countries

March 26, 2019

Expected Company Adoption of Technologies by 2022

March 18, 2019

Global Executives’ Perception of Most Advanced Industry in Developing Blockchain

March 13, 2019

Go to page

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Leave a comment