Due to the timeless of paperwork required for credentialing applications in healthcare, Jared Taylor, founder of BlocHealth, decided to create a blockchain platform, according to American Inno.
Rather than have employees siphon through extensive paperwork to verify the credentials of healthcare providers, BlocHealth had its technical team build a "healthcare professional credential sharing network" that is powered by a public blockchain.
By using the blockchain, a nurse could fill in their information one time and then anyone on the shared platform would be able to verify his or her credentials.
Since building the blockchain, BlocHealth has raised between $500,000 and $750,000 in funding. The company continues to expand its technology team.