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Gem develops blockchain applications for healthcare and supply chain management. The Gem Healthcare Network, developed on the Ethereum blockchain, will add security via permissioned blockchains to let patients control access; plus, it also includes a shared ledger system in which every new change is recorded. Initially, the company is tackling health claims management in an effort to make the process of verifying health claims and reimbursements more efficient. Gem's platform, GemOS, will allow patients, providers, and insurers to securely view a patient's health timeline in real-time, improving speed and transparency throughout the claims process. In the world of Internet of Things (IOT) and wellness apps, Gem's blockchain-based enterprise architecture allows healthcare companies to build on their "collective intelligence" or Data IQ, to create the patient-centric care model of the future. All participants in a healthcare network, whether they're patients, doctors, pharmacies, or insurance companies, benefit from the resulting efficiency, transparency, and cost reductions. The startup has partnered with Philips to explore how blockchain can be used to integrate data from other sources, including employee wellness programs and wearables.
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Funding 💰

Total $20.5M
Select investors Amplify.LA, Tekton Ventures, First Round Capital, KEC Ventures, Pelion Venture Partners, Amplify Partners, Mesa Ventures, RRE Ventures, Blockchain Capital
Last update: November 5, 2018