Aetna, other health insurers team up with IBM on blockchain project
Jan 24 (Reuters) – A group of health insurers including CVS Health Corp’s Aetna, have teamed up with IBM Corp to create a blockchain network aimed at cutting costs in the healthcare industry.
The companies intend to use blockchain technology, which allows the sharing of databases across a network of computers, for processing claims and payments and to maintain directories, they said in a joint statement.
Other companies involved in the project are health insurers Anthem Inc, Health Care Service Corp and financial services company PNC Bank.
(Reporting by Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli)