The collaboration was announced July 3. IBM, ANZ, Commonwealth and Westpac will use the blockchain to collect and digitize data from a test group of lease holders in Australia.
By using blockchain, IBM and the banks hope to shorten the time it takes for guarantees to be issued. Typically, banks can take up to a month to issue guarantees. Using Lygon, issuing a guarantee could be done in a day, Coindesk reports.
More articles about health IT:
Mohawk Valley Health System installs Epic EHR
Movers and shakers: 76 leadership changes affecting health IT in 2019
EHR intervention teams may help reduce clinician burnout & 8 other notes from EHR studies
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.