Healthcare companies and projects adopting blockchain technology

1 June 2018

While some specialists keep to the opinion that blockchain technologies should be taken with a wary attitude and observatory approach, a remarkable number of startups and established companies prefer running the venture and practice pioneer work, trying on innovations and new methods. Below are projects and companies in the healthcare sector implementing blockchain in their operations.

MediLedger Project

MediLedger MediLedger Project was jointly developed by The LinkLab and Chronicled and announced last September as a blockchain platform for uniting rival pharmaceutical manufacturers and wholesale dealers on for improved tracking and tracing functionality, when it comes to make a prescription for a patient.

The project complies with the U.S. Drug Supply Chain Security Act and establishes guidance for an efficient system enabling identification and tracking specific prescription medicines. The project allegedly achieves two major goals: completely protecting privacy, preventing information leakage, and enabling open interaction of all industry participants, which is a prerequisite for successful functioning of a healthcare infrastructure.

Medicalchain

MedicalchainMedicalchain is a London-based startup specializing in the development of a decentralized blockchain platform aimed at secure storage of patient records and sharing the data among the involved parties, including healthcare professionals and institutions subject to the consent of a patient. Medicalchain, among other things, provides telemedicine services, enabling patients to consult the medical staff using online means.

Robomed

RobomedRobomed Network is operating as a decentralized platform developed for the purpose of providing efficient care to patients based on the value of service provided. It means that patients interact with the healthcare providers and personnel on the basis of smart contracts with the ultimate criterion for assessing the price of the service being an outcome. In other words, patients pay not for the process of treatment, they pay for the result of the treatment administered.

The platform was first introduced in Russia and Dubai, and currently it serves about 9,000 patients, providing 30,500 services valued at $2 million.

Blockpharma

BlockpharmaBlockpharma is a France-based blockchain technology firm participating in the efforts to combat medicine counterfeiting, which has a global impact. According to some stats, 10 to 30% of the total drugs sold in the markets of Asia, Africa and South America are counterfeit medicines. Blockpharma says that about 800 thousand people die every year as a result of administering counterfeit pharmaceutical products.

Blockpharma aims to solve this major problem through the introduction of blockchain technologies into the pharmaceutical supply chain with a view to enhance the traceability of the drugs, while also streamlining the entire process of interaction among the parties. The application developed by Blockpharma allows institutions to detect the origins of the given drug and recognize counterfeit products.

Coral Health

Coral HealthCoral Health is a Vancouver-based company creating an architecture for the connection of different healthcare institutions on the platform of secure and real-time interaction powered by blockchain technological solutions. It enables all stakeholders to share access to the information and manage the patient treatment with better health outcomes.

This February, the startup launched a demo version of its first medical records application, where users may enter their health records and select doctors from the list to mark them as recipients of their private information and to consult with them. At the moment the company is accepting feedback from the participants to further improve the serviceability and usability of the app.

Patientory

PatientoryPatientory is an Atlanta-based startup helping patients take independent control of their own health and treatment by enabling interaction between patients and doctors on a blockchain platform. Using the application created by Patientory, patients may create their profiles and track their health history, doctor visits, medical bills, personal medical information, insurance details, immunization procedures and administered drugs.

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