• A pump jack in a canola field (via Shutterstock)
    Technology

    With Vakt investment, five of the biggest energy companies bet on blockchain

    The oil and gas industry is embracing blockchain technology for everything from tracking products to financing sales

    With the announcement on Jan. 16 that three major oil and gas firms including Chevron, Total, and Reliance Industries have joined Vakt, the energy-industry enterprise blockchain company now has five of the 10 largest oil firms by market capitalization on board.

  • healthcare blockchain
    Innovators,  Technology

    Healthcare giants turn to blockchain for a joint database of doctors

    The pilot project will eventually lead to securely sharing confidential information, they hope

    Plans by a group of leading healthcare industry firms to create a joint database of doctors and other healthcare providers using Quorum’s Ethereum-based enterprise blockchain technology got a boost this past week when two industry giants—insurer Aetna, which was just purchased by CVS Health, and Ascension, the largest non-profit health system in the country with more than 150 hospitals—joined the project. The Synaptic Health Alliance’s overarching goal is see if blockchain’s distributed ledger technology can be used to share the burden of managing healthcare provider data while improving its accuracy, without adding another intermediary to the process. The other members are health insurers Humana and UnitedHealthcare, healthcare cost management provider…