Health In Tech, AlphaTON Partner to Develop 'HITChain' Blockchain Platform for Healthcare Claims on TON

Health In Tech Inc. (NASDAQ:HIT) is one of the best performing new tech stocks to invest in. On September 30, Health In Tech and AlphaTON Capital Corp. (NASDAQ:ATON) signed a non-binding strategic Letter of Intent/LOI.

This LOI is meant to jointly develop HITChain, which is a blockchain-enabled healthcare insurance claims processing platform to be built on The Open Network/TON. The collaboration uses Health In Tech’s insurance expertise with AlphaTON’s blockchain infrastructure and security protocols to establish an immutable, transparent, and efficient claims ecosystem.

HITChain is designed to address issues within US healthcare claims processing, such as inefficiency, fraud, and opacity. Through a more streamlined system, the platform will reduce administrative costs and improve trust among stakeholders.

Health In Tech Inc. (NASDAQ:HIT) is an insurance technology platform company. It also provides a health intelligence/HI card to streamline the management of medical records and claims.

AlphaTON Capital Corp. (NASDAQ:ATON) is a clinical-stage immune-oncology company that researches and develops pharmaceutical and biotechnology products.

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Disclosure: None. This article is originally published at Insider Monkey.