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February 8, 2017

Health care blockchain startup wraps $2M round

Health care blockchain startup wraps $2M round

Geert De Lombaerde | NashvillePost.com

Local blockchain venture Hashed Health has secured nearly $2 million in funding to develop products and services aimed at speeding up the use of distributed ledger technology in health care.

Launched last year by former InVivoLink CEO John Bass, Hashed Health is a consortium marketing blockchain product management, development and support services as well as regulatory advice. The company’s funding round was led by local investor Martin Ventures and also includes Shanghai-based blockchain-focused firm Fenbushi Capital.

“Blockchain and distributed ledger technologies hold tremendous promise in our attempts to place the consumer at the center of the healthcare ecosystem,” said Charlie Martin, chairman and founder of Martin Ventures. “The health care 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.”

Helping Bass implement the vision for Hashed is COO Corey Todaro — who last fall moved over from Martin Ventures, where he had been director of research and data analytics — and Executive Director Giles Ward, a former DSI Renal executive. Combined, they and their team have 50 years of experience in health care operations and IT integration.

“We strongly believe Hashed Health’s blockchain technology will play an important role in bringing transparency, efficiency and robustness into the global health care economy,” said Bo Shen, founding partner of Fenbushi.

http://www.nashvillepost.com/business/health-care/information-technology/article/20851449/health-care-blockchain-startup-wraps-2m-round

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