“In health care, theseinefficiencies are in clinical areas and in administrative areas –or just friction that happens in the system which leads to badcustomer experience,” says IBM's Barbara Hayes. (Photo:Shutterstock)

Titans of tech, finance and health care are teaming up todevelop a blockchain network that they believe will make thehealth care payment system more efficient.

The collaboration involves IBM, Aetna, Anthem, Health CareServices Corporation and PNC Bank. IBM described the effort as aparadigm-shifting attempt by competitors to work together toreduce costs.

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