Philips Healthcare has confirmed it is currently exploring potential applications for blockchain technology.
The company’s interest was first revealed in a tweet by Wayne Vaughan, CEO of blockchain-based record-keeping startup Tierion, who touted the service as a “first project” with the health care company, though no additional details were provided.
In statements, global IT innovation lead Arno Laeven was more subdued in his remarks, suggesting the two companies had worked together, but that there was nothing further to announce at this time.
Laeven told CoinDesk:
The news coincides with reports Philips is seeking to revamp its health care services following industry-wide growth issues and amid declining sales growth expectations.
Image via Philips
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.