“Accelerate – the first blockchain-based program in the Federal government to get an authority-to-operate – will save the Department of Health and Human Services (HHS) $30 million over five years, the agency’s CIO said today.”
“An Accelerate-based neural network did a cluster analysis of 10 years of HHS contracts and provided visibility into price discrepancies across its portfolio, CIO Jose Arrieta explained. HHS used this data to strike a deal with a company that will generate the $30 million of savings over the next five years…”
“Arrieta added that HHS is also finding new ways to incentivize companies to work with the Federal government. For example, a $150,000 contract may seem like a drop in the bucket to large companies, but the opportunity to become the first service delivering a new capability to the Federal government may be a bigger future selling point…”
Source: Blockchain Saving HHS $30M on First Accelerate Contract, February 11, 2020. MeriTalk.
