Healthcare innovation firm Hashed Health has announced that Accenture has joined its blockchain consortium.

Hashed Health is leading a consortium of healthcare companies focused on accelerating meaningful innovation using blockchain and distributed ledger technologies (DLTs). Based in Nashville, it provides value-added services such as product management, product development, regulatory guidance, and technology support services for blockchain solutions and blockchain networks.

“Accenture adds a broad range of expertise to the Consortium workgroup and will help clients improve performance and create sustainable value,” said Hashed Health CEO John Bass. “Their global viewpoint and experience with large scale deployments brings a unique perspective to our decentralization initiatives. In turn, Accenture will benefit from the consortium’s efforts to advance market intelligence and industry best practices.”

As a consortium member, Accenture will focus developing industry use cases for blockchain technology and identify opportunities where organizations can implement solutions at scale.

“While adoption grows, healthcare organizations must continue advancing the application of blockchain technologies to achieve and sustain meaningful progress,” said Brian Kalis, managing director of digital health at Accenture. “We believe that Hashed Health’s workgroup-centered model will allow companies to collaboratively tackle existing problems in healthcare while establishing best practices.”

Last October, Hashed Health announced its collaboration with Martin Ventures, which was followed by an initial funding round in which it raised $1.85 million. This year, Altarum Institute and Change Healthcare joined the consortium.

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