Gem – Developing a Blockchain Ecosystem for Healthcare & Other Fields
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 2 January 2017
⏱️ 34 minutes
🧾️ Download transcript
Summary
Emily Vaughn, Director of Client Relations and Marketing for Gem explains Gem's data management operating system that generates and manages identities for different users, (ex: payers vs. providers) so they can participate in a block chain & conduct transactions using a shared, decentralized, cryptographically-secure ledger.
Similar to a bitcoin wallet, your blockchain identity can store data, (ex: credentials). You then use that same identity to sign transactions, provide limited and at-will data points to different requesters (vs. your private info such as social security number, date of birth, etc)
In the healthcare space, Gemo's goal is to create a blockchain-based approach to allowing quicker and stress-free submission of insurance claims by healthcare providers, faster reimbursement, and lower costs of the administrative burden in business.
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Transcript
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| 0:00.0 | Welcome to Almost Here, Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:08.0 | Future Technologies Boys to Transform Our Lives, for better or worse, are the focus of this podcast. |
| 0:13.6 | Almost here, means these technologies are now here and |
| 0:16.7 | starting to be used. |
| 0:18.2 | We're just around the corner. |
| 0:19.7 | From Bitcoin to artificial intelligence, |
| 0:22.0 | 3D printing, blockchain, virtual reality, and more. |
| 0:27.0 | And this is Richard Jacobs with Future Tech Podcasts, almost here around the corner of Future Technology. |
| 0:34.0 | And today I'm interviewing a very interesting company called Jem.co, G-E-M-D-C-O. |
| 0:40.0 | The company utilizes blockchain technology and the health care industry. |
| 0:45.0 | I have with me Emily Vaughn head of accounts. |
| 0:48.0 | How you doing Emily? |
| 0:50.0 | I'm doing well. |
| 0:51.0 | Thanks for having me. |
| 0:52.0 | Yeah, yeah, this would be good. So can you give a quick rundown of what Jem does with the blockchain and how it's relating to the healthcare industry? |
| 1:03.0 | Sure. how it's relating to the health care industry? Sure, so in layman's terms, |
| 1:08.0 | Jim has a platform that connects systems that don't speak to each other. |
| 1:13.4 | And we use the blockchain as a communication tool and system log |
| 1:19.6 | that allows those systems to pass information back and forth. |
| 1:23.8 | And it's basically able to set up a peer-to-peer network |
| 1:27.7 | for data exchange. |
| 1:29.8 | And we believe that it's a much more efficient way of managing critical data for a number of reasons beyond security and speed and general network resiliency. |
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