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Friday, Dec 1, 2023

Patrick Soon-Shiong Innovation Awards 2017: FINALISTS – GEM

In 2017, everyone’s interactions with businesses are growing exponentially. The problem is, every time we interact with a new business, we create a new digital persona. These digital personas or identities are disconnected from each other. Split identities create data silos. And, these silos don’t talk to each other. This data sharing problem raises costs due to manual reconciliation, lost time and missing records. The result: errors, waste, fraud and abuse.

Gem is creating global identifiers to link together data belonging to a person or asset, eliminating time consuming reconciliation, providing real-time transparency, reducing risk and creating better outcomes.

Gem is building cutting-edge, award winning enterprise blockchain platform technology to help companies get a comprehensive view of all their data so they can make informed decisions. Blockchains are distributed ledgers that provide immutable and auditable records of data and provide real time notification when that data changes in any way. For this reason, blockchains are also known as the “Trust Protocol.”

One example of who can benefit from this innovation is the healthcare industry. The GemOS enterprise platform enables all parties in today’s data-driven healthcare economy to securely access and share data with the right permissions, and with full HIPAA compliance, within and across organizations. 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.

Gem is, essentially, actively engaged in shaping the Blockchain industry and driving adoption and education of the technology in a number of innovative ways.

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