Blockchain technology has been useful in many fields for easing out the storing process, managing data and securing the details. With the recent partnership between the Bitfury Group and Longenesis with Medical Diagnostics Web (MDW), some of the best implementations of this emerging technology will be seen in the MDW radiology marketplace.
The partnership between Bitfury, the world’s leading full-service blockchain technology company, Longenesis, a startup that merges AI and blockchain, and MDW radiology marketplace will create a next-generation platform for maintaining, sharing and securing medical imaging and diagnostics data.
Longenesis will be ensuring that only authorized parties have access to the medical data recorded on the blockchain, in compliance with the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR).
Bitfury’s CEO Valery Vavilov expressed optimism, “Blockchain technology can strengthen patient data security by providing a tamper-proof record of patient history while simultaneously providing an avenue for doctors to more easily share information.” She also stated that the digitization of trust that blockchain offers, in addition to the medical potential of AI algorithms, has the capability to revamp the medical systems all over the world.
MDW is the first radiology blockchain platform designed to connect everyone in the medical imaging operations to create an open and transparent marketplace. This partnership is expected to set new standards for implementation of blockchain in the healthcare industry, as published on Medium blog of Bitfury.
“A partnership with these industry innovators will enable MDW marketplace to provide the most advanced healthcare blockchain technology available today,” said Michael Averbach, MDW CEO and co-founder. This platform will also solve problems like service access and delivery, integrations and communicating the results.
Similarly, the US health giant Aetna entered a partnership with IBM to create a special blockchain network designed specifically for the healthcare industry, as mentioned on Cointelegraph. This system is estimated to cater 39 million clients globally and help to streamline insurance claims processing and payments.
Another medical research and development union, Pistoia Alliance, using blockchain technology has expanded its blockchain project to include data sharing, data integrity and data identity. Previously, Pistoia concentrated on educating the healthcare industry about this future technology.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]