Philips Healthcare Launches Blockchain Lab in R&D Push

Healthcare giant Philips has officially launched the Philips Blockchain Lab, a research and development center located in Amsterdam.

Mar 3, 2016 at 5:12 p.m. UTC
Updated Sep 11, 2021 at 12:09 p.m. UTC

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:

"As a company committed to innovation you need to constantly explore new and emerging technologies and their application in areas where they might have an impact and added value. Our aim is to learn if blockchain technology could potentially add value to the process of data exchange in the healthcare industry."

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 Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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.

Trending

1
US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials

The 5th Circuit Court of Appeals found that the targets of SEC enforcement actions had their constitutional rights violated by the use of in-house judges.

The 5th Circuit Court of Appeals found that the targets of SEC enforcement actions had their constitutional rights violated by the use of in-house judges.

2
First Mover Asia: Pine Wants to Test the Liquidity of the NFT Market; Cryptos Are Well-Red

The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity.

The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity.

3
CFTC Chair Indicates Agency Will Increase Crypto Enforcement: Report

Rostin Behnam said the agency was facing a rapidly increasing number of cases and would add resources to address crypto fraud.

Rostin Behnam said the agency was facing a rapidly increasing number of cases and would add resources to address crypto fraud.

4
LimeWire Signs Deal With Universal Music for Music NFT Licensing, Blockchain Gaming in Focus

The most valuable crypto stories for Wednesday, May 18, 2022.

The most valuable crypto stories for Wednesday, May 18, 2022.