Blockchain, the technology behind cryptocurrencies such as bitcoin, boasts tremendous disruptive potential in a wide range of industries, including finance, infrastructure, supply chain management and even healthcare. SinglePoint, Inc. (SING) (SING Profile), a company with diverse interests and skills in the tech sector, has teamed up with ORHub, Inc. (ORHB) (ORHB Profile) to create a blockchain-based solution to improve the way hospitals collect and utilize operating room data to reduce supply chain costs, while IBM (IBM) and the Food and Drug Administration (FDA) are exploring ways of using blockchain to more effectively share and audit medical data. With companies like HIVE Blockchain (HIVE:CC) developing broader infrastructure applications, the potential for blockchain to improve efficiency across businesses is accelerating. It’s an approach being pushed from inside the healthcare industry, with UnitedHealth Group (UNH) also demonstrating interest in blockchain capabilities.
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