Blockchain

Identity & Security

Secure Identity & Authentication

• Decreased fraud
• Enhanced record matching
• Decreased medical errors
• Enhanced patient portal
• Improved in-network
• Improved revenue

Private Healthcare Blockchain Consortium

• Health plans, Government, Hospitals, Groups
• Banks, Labs, Genomics
• Enhanced Supply Chain logistics
• Distributed ledger technology for partners
• Research in alternate use cases
• Improved interoperability and efficiency
• Each partner is a “node” and has a copy of ledger
• Healthcare crypto for peer-to-peer transactions
• 50% savings on healthcare costs to employers
• 30% savings to government and health-plans

The New Technology of the Blockchain

The advent of the largest identity breach, the Equifax intrusion, where 143 million identities were stolen, proved that no one can secure data on normal systems. The blockchain technology with its distributed ledger is now a major topic of discussion and it is hack proof.

IBM has this to say about identity and the blockchain.

https://www.ibm.com/blockchain/identity/
Digital identity is critical to many business and social transactions. It enables ways to interact with billions of users in the digital world. However, traditional identity systems are costly, disjointed, fallible, and hindering innovation and greater customer experience.

The distributed trust model is a new way of managing identities. Blockchain technology empowers consumers to control their own identity and share between trusted entities with their consent. Also, no single institution can compromise a consumer’s identity.

Benefits of identity management on the Blockchain

For consumers

• Convenience and simplified experience for accessing various services
• Improved privacy protection
• Greater control over personal data

For businesses

•Reduced risk and cost of data breach
•Efficient compliance management and monitoring
•Rapid on-boarding and improved customer experience

For regulators

• Standardized process
• Prompt auditing
• Increased efficiency in compliance control, monitoring and quality

Password-less Authentication
Patented Technology