Healthcare IT firm Change Healthcare has become the latest member of a distributed ledger consortium aimed at its core industry.

Lead by blockchain startup Hashed Health and healthcare investment firm Martin Ventures, the goal of the group, launched in 2016, is to advance the use of blockchain protocols in healthcare.

As reported at the launch, the group is now seeking to apply the technology to problems in the health sector, including data sharing, payment reform, insurance and supply chain.

The new partnership, however, is also notable for US-based Change Healthcare, which joined the Linux-led blockchain consortium Hyperledger in March, potentially positioning itself as one of the more publicly active healthcare firms in evangelizing and experimenting with the technology.

Aaron Symanski, CTO of Change Healthcare, said

“Blockchain has potential to enable value-based care, and we’re committed to championing innovation that helps our customers and partners realize that potential.”

Stethoscope image via Shutterstock

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