Manhattan Beach, California-based startup Curisium recently announced that it has raised $3.5 million in seed round funding for its blockchain-enabled, value-based contracting platform.

Curisium’s approach facilitates patient-centric contracting between payers, providers and other industry players by ensuring that patient data is kept secure while providing population-level access. CEO and co-founder Peter Kim spoke to MedCity News about why he believes blockchain is a step forward for value-based care.

“We leverage blockchain for its ability to provide an irrefutable audit trail in a trustless manner. The element of trust is particularly important in healthcare, where there is often deep-rooted mistrust among the participants.”

Kim believes that many areas of healthcare could benefit from implementing blockchain technology.

“It may be tempting to consider ‘blockchain in healthcare’ as a single category. However, the reality is that healthcare is an enormous industry with multiple sub-verticals, with myriad ways in which blockchain technology could be applied.”

Full story from MedCity News here.