In a pilot program, which came to an end this month, IBM and Syniverse designed a blockchain network that allowed smart contracts to be executive via mobile operators. By using the blockchain technology, IBM and Syniverse looked to improve customer efficiencies and reduce friction between businesses.
Syniverse and IBM built the blockchain network on IBM’s existing blockchain platform. Syniverse then validated the blockchain by testing it on two international telecommunication companies, Orange and Mobile TeleSystems.
The two telecommunications company reported efficiency gains for settlements as well as improvements with transparency and contract management.
More articles on health IT:
Mark Zuckerberg’s ‘move fast and break things’ mantra is causing problems for health-tech start-ups
Verato asks ONC to standardize patient-matching tools
COPE Health Solutions develops analytics software to promote value-based care
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.