IBM has announced a partnership with PNC Bank to build a blockchain-based network for healthcare sector and companies to build, share and deploy healthcare solutions.

In addition, healthcare insurance companies Aetna and Health Care Service Corporation, and Anthem, a health solution firm, have also joined hands with the collaboration. The partnership intends to enhance claim and payments processing thereby providing secure exchange of information and maintaining the accuracy of provider directories.

As reported, the partners Aetna, Anthem, HCSC, PNC Bank, and IBM are working together to outline the initial use cases for the blockchain-based network. It is expected that additional healthcare organisations and start-ups members may join the collaboration in the coming months.

Similarly, Rajeev Ronanki, Chief Digital Officer at Anthem, has commented that the company aims to provide faster and secure platform for sharing medical information utilizing cryptography and blockchain.