Healthcare giant Philips has officially launched the Philips Blockchain Lab, a research and development center located in Amsterdam and focused on the emerging technology.
In a post on its website, Philips said that the lab follows six months of exploratory research, and that the goal of the effort is to unite the company's IT experts, healthcare professionals and blockchain developers to continue this progress.
Philips indicated that it is seeking collaborators and developers to conduct projects, offering a form on the website where users can subscribe to a newsletter or voice their interest in participating in future initiatives.
Notably, the company also hinted at to how it believes blockchain could be applied for healthcare use cases.
Arno Laeven, initiator and head of the Philips Blockchain Lab, said in a statement:
The announcement follows the October news that Philips had partnered with blockchain recordkeeping startup Tierion on an unspecified project that examined how the technology could be applied to use cases in healthcare.
Healthcare image via Shutterstock
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.