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Learn more about Blockchain Audit & Assurance practice
Smart contracts and blockchain technology are changing business the same way the internet did.
Businesses are made on contracts. Hundreds and hundreds of them. Traditional contracts are printed on huge amounts of paper and need many layers of human approval before they are legally binding. They’re time-consuming, expensive and often open to opposition.
Smart contracts do away with these problems. They are contracts written in computer code and published to a public blockchain network. The result is a contract capable of automated facilitating, executing, and enforcing of the legal agreements made.
What makes them smart is they can be made in seconds, don’t have any layers of costs and bureaucracy, and agreements cannot be tampered with, thanks to the blockchain.
Organizations can develop many different of strategies, processes and technologies, but ultimately the business – and the crux of success – is its people. Blockchain will help an organization from the technical and organizational issues that shape HR structure and strategy to C-suite initiatives that maximize overall organizational effectiveness.
The ability to improve day-to-day operations may require large-scale, enterprise-wide transformational change. Blockchain can help standardize, consolidate and automate administrative functions of finance, supply chain, and human capital to give agencies an information advantage, leading to better data, reporting and decision making.
Technology is central to meeting the demands of the newly insured patients and an aging population. Blockchain can guide agencies with a technology-led strategy that includes GTDs, PKJ, analytics, remote patient monitoring, mobility, social media, emerging and predictive care management, and privacy/security.
Blockchain supports agencies in shifting to an integrated system of care to help you drive greater cooperation among care givers, and better outcomes with less risk of losing reimbursement.