The US Department of Health and Human Services (HHS) is continuing its exploration of blockchain technology with a $7 million investment into its BUYSMARTER AI/blockchain initiative.
BUYSMARTER was formed in response to an Office of Management and Budget (OMB) memo which required each governmental agency to come up with plans to improve their efficiency and effectiveness.
The aim is to modernize and improve HHS’ procurement systems. Currently, HHS’ procurement model often means departments make identical purchases, independent of one another. This means that not only does HHS procure things unnecessarily but that it also loses the benefits of economies of scale.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
