The healthcare market in the United States is one of the most heavily regulated and fractured markets in existence. Many processes between providers and insurers are redundant, and thus add unnecessary expense to all parties. These expenses are estimated to be in excess of $59B per year. This fragmented system is a result of stakeholders unwilling to assume the risk associated with designating an intermediary to handle processing of data related to healthcare services between all stakeholders. The result is a duplication of this process at every provider and payer involved in healthcare services. Moving to a central authority-or clearinghouse-for all healthcare services would dramatically reduce expenses for both insurers and providers. No concerted effort to move to a central clearinghouse has occurred yet, as the existing expense is clearly not as high as the risk of moving to a centralized intermediary. A central clearinghouse based on conventional technology systems would also require an overwhelming amount of trust. A blockchain’s distributed ledger system allows users to interact with each other without relying on trust. Every transaction is completed with absolute certainty, allowing a versatile system capable of replacing the thousands of fragmented systems which currently facilitate this process.