The Department of Health and Human Services has developed an acquisition tool called HHS Accelerate that uses blockchain technology, machine learning and artificial intelligence, FCW.com reported Wednesday.
HHS Accelerate is designed to provide information such as terms and conditions and pricing data for 10 purchase categories across the department in real-time.
Jose Arrieta, associate deputy assistant secretary for the HHS Division of Acquisition, said Tuesday at an FCW event he expects the procurement tool to get an “authority to operate” certification within next week.
Arrieta said his team conducted tests on the new platform and used machine learning technology to connect contract systems. He said the estimated return on initial investment is at 800 percent.