This Company Wants to Help Bring Blockchain Technology to Healthcare

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Blockchain is a technology that has quickly come into vogue. The most obvious and visible usage is cryptocurrency. Bitcoin (BTC) and Ether (ETH) helped bring the idea into the popular consciousness. But the uses of blockchain could far exceed the scope of currencies. 

Many businesses and industries are realizing the advantage that comes from incorporating blockchain into their operations. Accenture Plc ACN is helping implement it in the travel industry; Harbor Custom Development Inc. HCDI does so in real estate. In fact, a recent survey found that 86% of companies were considering adding blockchain in some form.

The technology is complicated, and adopting it can be a technical feat too expensive or time-consuming for some. These companies run the risk of missing out on the myriad benefits, financial and otherwise, blockchain can add.

Healthcare Triangle Inc. HCTI is a healthtech company that has created Blockedge, which it believes can be a gateway for the healthcare industry to adopt blockchain technology. The platform is designed to allow a company to create a blockchain system in a simple, straightforward manner without the need for technical know-how.

Healthcare Triangle states that no coding is required to create the blockchain infrastructure that could be of benefit. The company says this allows for the creation of a blockchain within minutes. In 5 steps, a user can create and deploy a new system. The idea is to marry the ease and simplicity of a Software-as-a-Service platform with the robust capabilities of the blockchain.

Users can choose from any of the major cloud infrastructure providers to host their new blockchain. Amazon.com Inc.’s AMZN AWS, Microsoft Corp.’s MSFT Azure, Alphabet Inc.’s GOOGL Google Cloud, and IBM Corp.’s IBM IBM Cloud are all options for Blockedge users to host.

According to the company, Blockedge is based on artificial intelligence (AI), and the maintenance and security are automated. The platform is truly hands-off. Healthcare Triangle also strives to continuously update the technology and integrate it with existing blockchains like Ethereum.

The company claims that by incorporating blockchain, network  build time can be reduced by 80%, and operational overhead can be cut by 60%.

Healthcare Triangle hopes to bring these advantages to the healthcare industry. Blockedge could be the way in for many companies. If you’d like to know more, check out the website here.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.