
The aim is to coordinate and reduce the paperwork between insurers, patients and healthcare providers using automated payments using SLOVE tokens. Blockchain is increasingly being used in healthcare as the technology is ideally suited where data has to be held securely, yet shared by potentially many different parties in multiple locations.
Only last month the pharmaceutical company Boehringer Ingelheim announced it was to deploy Blockchain for clinical recordkeeping and in January 2019 Aetna said it too was starting to use Blockchain.
However, it is not just using Blockchain for clinical records but it is also being used to reduce the risk of using fraudulent drugs and to improve transparency in clinical drug trials which historically have been fraught with fraud and errors.