Blockchain company launches revenue cycle pilot program

Gem, a blockchain platform provider, unveiled a revenue cycle management pilot program that runs on the Gem Health Network.

Blockchain technology is a permanent record of online transactions or exchanges. It emerged in 2009 as the foundation for trading the digital currency bitcoin.

The pilot marks Gem's initial foray into medical claims processing. Gem plans to use the pilot to prove the technology's viability in the healthcare space.

"We are using GemOS to create a pilot network around a specific user case that can be scaled into a full ecosystem," Gem CEO Micah Winkelspecht said in a statement. "That is when blockchain-enabled business logic can begin to flow between market partners and unlock value."

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