First US Government-Backed Blockchain Hackathon to Focus on Healthcare

The Chamber of Digital Commerce, a Washington DC based lobby representing the Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term firms with American lawmakers, has announced that it is co-hosting the 'Blockchain in Healthcare Code-A-Thon'. This is done in collaboration with the US Department of Health and Human Services’ Office of the National Coordinator for Health Information Technology (ONC), a division of the Department of Health and Human Services.

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This event marks the first-ever blockchain code-a-thon hosted by a US government entity. The event will take place on March 14th-15th and the winners will be announced will be announced at the DC Blockchain Summit.

Perianne Boring, President of Chamber of Digital Commerce, commented: "The participation of the U.S. Department of Health and Human Services speaks volumes about the serious, long-term potential application of blockchain to the healthcare sector. This competition will highlight the wide-reaching benefits of blockchain and distributed ledger solutions, while creating new opportunities for innovation in the healthcare industry."

Contestants in the event will use open source distributed ledger technology to address the key issues facing modern healthcare: • Identity Management and APIs: Support the identity management requirements for APIs for both provider-to-provider and patient-mediated exchange. • Metadata Tagging and Policy Expression: Security metadata and tagging to manage access, provide auditing and provenance information. • Data Aggregation and Linkage: Securely aggregate, link and share patient data to the destination of their choice.