" />
Technology

Blockchain still going strong as Delaware Medical Society announces its use for medical records

Blockchain still going strong as Delaware Medical Society announces its use for medical records

A medical society as old as the US itself has announced it’s going to start using blockchain to start storing patient data.

The Delaware Medical Society has said its focus is on pre-authorisation and hopes to be able to deliver care more quickly by focusing on this step of care providers’ and medical insurers’ access.

“The entire health care community agrees that pre-authorization processes need improvement,” MSD Vice President Andrew Dahlke told the Dover Post. “We are confident that this Proof of Concept will not only address this particular pain point, but will lay the groundwork for streamlining other healthcare administrative issues as well.”

This is the result of Delaware governor John C. Carney Jr. signing a bill on Friday, resolving an issue which begun last year when his predecessor, Jack Markell, launched an initiative to promote blockchain efficiencies in government. The bill makes it explicitly legal for businesses to use blockchain technology for stock-trading and record keeping.

This also follows an Microsoft launch announcement of Coco Framework, an open source system that allows companies to code their own blockchain technology. More broadly, blockchain affords companies better database speeds, vastly improved confidentiality and more flexible network management. J.P. Morgan is already talking about merging its distributed ledger with Coco.

Microsoft’s announcement is symbolic of a broader trend – businesses are highly interested in blockchain technology and they want to use it. Microsoft having built a framework for these businesses is, in effect, a large Silicon Valley player throwing its weight behind the blockchain concept.

Blockchain’s history has been chequered and questionable, which in turn has brought its future under question. All cryptocurrencies function from blockchain technology, and many of them have been plagued by negative press recently.

The move from Microsoft, an introduction of blockchain at state-level and vote of confidence from medical companies (whose security is vital), is a big step in the right direction for the technology.
The news last week sent Bitcoin’s price up by over $100. It seems to me that the blockchain technology and cryptocurrency future is going nowhere but up, so despite the persistent doubts, it’s these kind of movements in the market which solidify its foundations.

View Comments (2)

2 Comments

  1. Pingback: Trust No One: The Story of Blockchain and Bitcoin - The Sociable

  2. Pingback: Trust no one: the story of Blockchain and Bitcoin – thebitcoinmag.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology
@benjijamesallen

Ben Allen is a traveller, a millennial and a Brit. He worked in the London startup world for a while but really prefers commenting on it than working in it. He has huge faith in the tech industry and enjoys talking and writing about the social issues inherent in its development.

More in Technology

AI Healthcare

AI at the forefront of diagnoses and transformation healthcare industry

James RosenfieldFebruary 23, 2018

The phenomenal rise of voice and audio tech and the startup pushing them further

Sam Brake GuiaFebruary 22, 2018
EDEN

New tech city established in the remote hills of Colombia: tackling the world’s most pressing social issues

Sam Brake GuiaFebruary 21, 2018
pakistan tech startup ecosystem

Pakistan ascending: the tech and startup ecosystem is a united vision

Tim HinchliffeFebruary 20, 2018
over the top sports

Over the top sports and why you won’t be streaming the World Cup final

Peter AndringaFebruary 9, 2018
sophia robot

Walk This Way: Sophia the Robot Tests Her New Legs

Hilary BirdFebruary 9, 2018
seo

AI is the only way to cope with AI-driven SEO

Ben AllenFebruary 8, 2018
techstars london european tour

Techstars London new managing director announces European tour to meet startups

Tim HinchliffeFebruary 8, 2018

Forget the Super Bowl, esports may be the spectator sport of the future

Peter AndringaFebruary 7, 2018