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HHS using blockchain to streamline contract procurement
Modern Healthcare

Interest in blockchain technology to solve big problems isn’t limited to the private sector. In December, HHS received authority to operate the first blockchain-based tool in the federal government.

The tool, called HHS Accelerate, relies on blockchain to streamline the process the department uses to procure products and services from private vendors. With the tool, HHS aims to speed up the procurement process and reduce its costs.

Vendors should benefit from fewer administrative tasks, so they can focus on the quality and delivery of the services they provide.