McKesson’s Change Healthcare Looks To Acquire PokitDok Blockchain Company

McKesson’s Change Healthcare Could Buy Blockchain Company PokitDok

Traditional companies show interest in different blockchain startups in the crypto space. This time, McKesson’s Change Healthcare is ready to buy PokitDok, a startup that has been working with blockchain technology in the health care sector.

McKesson is a medical distribution giant that has an important share of the health care market. Change Healthcare is owned by McKesson and has been in talks during the last weeks in order to purchase PokitDok. The information was released by CNBC a few days ago citing four people familiar with the matter.

In this way, McKesson would be able to start working with blockchain technology and leverage its capabilities in the health care industry. Distributed Ledger Technology (DLT) can be used to track drugs or other medical products, have users’ information stored on the ledger without risk of being stolen or modified, and process transactions in an easy way.

PokitDok is also helping different companies to consult check prices for procedures or patent’s billing status. Furthermore, there are intentions of building a network that would allow companies to make healthcare-related transactions more secure. In order to do so, the startup signed a deal with Intel, Amazon and other companies back in 2017.

This is not the first time that PokitDok receives support from McKesson. In the past, it was able to gather around $55 million from different venture capital companies such as McKesson's ventures arm, among many others.

The blockchain industry continues to expand in many different sectors and countries all over the world. For example, there are retail stores that allow clients to check the supply chain of a specific product, where it has been produced and if it has all the necessary approvals and controls for being sold to the general public.

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