Blockchain Auditing System Created By HealthSpace, SIMBAbr>
Founded in 1998 by public health inspector John Halstad, HealthSpace is a technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. The company is currently offering enterprise and mobile Internet-based applications, serving over 300 state and local government organizations across North America.
HealthSpace intends to provide an innovative inspection and auditing system built for regulatory and quality assurance oversight that implements a distributed blockchain ledger using smart contracts. The company will use the initial version developed with SIMBA Chain to provide a proof of concept in order to demonstrate how audits and other regulatory checklists can be stored efficiently and cohesively in the blockchain.
SIMBA Chain is a wholly owned entity of Indiana Technology and Manufacturing Companies (ITAMCO). It was formed from a grant awarded by the Defense Advanced Research Projects Agency (DARPA) to ITAMCO in order to develop a secure, unhackable messaging and transaction platform for the US military. SIMBA Chain’s blockchain technology was originally implemented for Defense Department communications. Its uses included communication between ground troops and their headquarters or between intelligence officers and the Pentagon.
HealthSpace said that combining its audit control software with SIMBA Chain’s blockchain will create a comprehensive toolset for furthering transparency between multiple parties who need concurrent access to the same chain of data, but have different rules for how or when that data is entered.
“We will leverage their strengths and our existing platforms to create a blockchain network that will fit multiple verticals within both governmental regulation and private audit trails,” said HealthSpace CTO Silas Garrison. “Bringing transparent datasets that can span across multiple organizations will not only create a safer environment for public health, but will allow businesses to save an immense amount of time and money. In the same way email allowed for faster and easier communication, the blockchain implemented properly for audit trail purposes has the potential to completely change how information is collected and shared across the B2B space as well as the governmental space.”