Blockchain technology in the field of medical science and technology ushered in the outbreak of drug traceability and other fields are gaining momentum

Katherine Kuzmeskas, CEO of SimplyVital Health, a blockchain medical technology company, aims to enhance the safety and transparency of hospital and physician groups through blockchain technology. For the upcoming 2018, Katherine Kuzmeskas believes blockchain technology will have a big bump in the medical technology industry.
From medical records to the pharmaceutical supply chain and too smart contracts for the payment of medical bills, blockchain technology has proved to have many uses in the medical field.

Here are three examples of blockchain projects that focus their products on the needs of the existing healthcare industry and may be able to help you to smell some opportunities to explore how blockchain can be used in the medical industry's business model.

MediLedger project

Under the leadership of LinkLab and Chronicled, the MediLedger project was officially launched in 2017 and has attracted many pharmaceutical companies and pharmaceutical wholesalers. Under this project, all parties jointly designed and implemented a process of using blockchain technology to enhance the tracking of prescription drugs.

To meet the regulatory requirements of the U.S. Drugs Supply Chain Security Act (DSCSA), MediLedger has also built an electronic interoperability system to identify and track prescription drugs in compliance with industry laws.

Here's a key point: The healthcare industry needs an open blockchain system architecture where all nodes are run by key players, including drug supply chain participants, healthcare industry service providers, and trusted tech companies. In order to be able to build such an open medical service network, a blockchain solution is essential because only blockchain technology ensures complete privacy without revealing business information, as well as drug verification and drug source Traceability.

The MediLedger project team will continue to build such a blockchain platform in 2018 and in addition they will introduce commercial solutions to explore how blockchain platforms can optimize the pharmaceutical supply chain.

SimplyVital Health project

The project was launched in February 2017, the main consideration is the practical application of blockchain technology - audit trails.

The heart of SimplyVital Health's project is ConnectingCare, a platform that brings together the different health care organizations that deliver clinical services. With this product, all parties can view shared patient data. In addition, financial and clinical algorithms leveraging AI support also provide enforceable strategic services to all users involved in the project.

Taking advantage of these benefits, the overall cost of healthcare will be further reduced, meaning that all providers will be rewarded based on collaborative work and treatment outcomes, while the remuneration will also depend on their ability to work together.

At present, this project is not bad but also established a good reputation. It is reported that, SimplyVital Health is building another blockchain infrastructure and protocol - Health Nexus, which will be a branch of Ethereum, to meet the requirements of the Health Insurance Portability and Accountability Act (HIPAA), the integration of new medical authentication and Management agreement; In addition, Health Nexus will launch a secure data sharing key matching system.

Of course, the first step at this stage is to connect and develop the ConnectingCare platform and then expand the medical data platform to provide the entire community with what they need most.

Robomed Network

Robomed Network is a decentralized healthcare network designed to provide the most efficient medical care. What makes this project unique is the direct link between healthcare providers and patients, based on smart contracts, where the value is the result of treatment.

Simply put, the Robomed Network is the first system that patients pay for their treatment and has nothing to do with the healthcare process itself.

Launched first in Russia and Dubai, the program has attracted more than 9,000 patients and 30,500 healthcare providers. With nearly $ 2 million in medical services being processed on the platform, Robomed Network will see tremendous room for growth as the healthcare market moves toward a service-based service model that pays for treatment outcomes rather than pay for treatments.

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