Hashed Health raises $2m to explore blockchain application to healthcare


Hashed Health raises $2m to explore blockchain application to healthcare

A-image / iStock

Hashed Health, a consortium leveraging blockchain and distributed ledger technologies for the US healthcare system, has completed an initial funding round of nearly $2 million.

Martin Ventures led the round and is known for backing new business models that remove friction and inefficiencies inherent in healthcare transactions and bring fresh approaches to consumer engagement in care.

Charles Martin, chairman and founder of Martin Ventures, said: “Blockchain and distributed ledger technologies hold tremendous promise in our attempts to place the consumer at the center of the healthcare ecosystem. The healthcare industry must be drastically reformed in order to address problems related to quality, cost and waste. Hashed Health is poised to drive innovation and collaboration to reach these goals.”

Another investor is Shanghai-based blockchain VC Fenbushi Capital. “We strongly believe Hashed Health’s blockchain technology will play an important role in bringing transparency, efficiency and robustness into the global healthcare economy,” said Bo Shen, Founding Partner of Fenbushi.

John Bass, CEO of Hashed, added: “We are proud to partner with Martin Ventures, a leader in healthcare investments, and Fenbushi Capital, a leader in blockchain investments. With the initial round closed, we are continuing the exciting work of organizing the market around these game-changing projects.”

Hashed Health, Blockchain, US, Healthcare