Last month, Nashville-based Hashed Health, a leading healthcare blockchain innovation company focused on building the new digital infrastructure for healthcare, announced the launch of the Professional Credentials Exchange. The purpose of the exchange is to provide the market with a solution to address the effort, cost, redundancy, and complexity of obtaining and verifying practitioner identity and credentialing information.

Leveraging blockchain technology, the Professional Credentials Exchange will allow counterparties to define and exchange identity and credentials assets using the data, rules, and validation checks applicable to their specific organizational requirements. Further, blockchain technology assures the provenance, accuracy, and immutability of information within the exchange -- substantially reducing the time, cost, and effort healthcare organizations spend performing the redundant collection and verification of this information. In a release, officials with Hashed Health said the exchange represents new digital infrastructure which integrates with a wide range of workflow tools and data sources that currently exist in the market.