Blockchain is becoming a legitimate disruptor in a myriad of industries. The technology has become so promising that none other than the tech giant IBM is investing more than $200 million in research. Also, more than 90% of European and US banks are investigating blockchain options. Technology can revolutionize health security, government, finance, insurance, and personal identity, among hundreds of other fields.
We have rounded up 10 exciting companies using blockchain in healthcare. While some can be classified as primarily blockchain companies, others are household names embracing the new technology. Regardless, everyone on our list is proving that blockchain is an avenue to improve the future of healthcare.
Industry: Blockchain, Big Data, Cybersecurity, Software
Location: California, United States
What they do: The SoluLab platform helps healthcare companies securely manage massive amounts of patient data. They provide easy, fast and secure connectivity for patients with healthcare providers. Its blockchain technology allows for the safekeeping, sale, trading or licensing of data while maintaining strict compliance with government rules and regulations.
Blockchain Application: Solulab employs blockchain to improve cybersecurity in healthcare, as well as to improve the way medical data is shared and used.
Real-life impact: Because the SoluLab platform includes comprehensive and up-to-date information about patients’ health and healthcare activity, it could help eradicate the abuse of opioids or other prescription drugs.
Industry: Big Data, Cybersecurity, Software
Location: Colorado Springs, Colorado
What they do: The BurstIQ platform helps healthcare companies securely manage massive amounts of patient data. Its blockchain technology allows the custody, sale, exchange or license of data while maintaining strict compliance with HIPAA regulations.
Blockchain Application: The company uses blockchain to improve the way medical data is shared and used.
Real-life impact: Because the BurstIQ platform includes comprehensive and up-to-date information about patients’ health and healthcare activity, it could help end the abuse of opioids and other prescription drugs.
Industry: Electronic medical record, Medical
Location: London, England
What they do: The Medicalchain blockchain maintains the integrity of health records while establishing a single point of truth. Physicians, hospitals and laboratories may request patient information that has a record of origin and protects the patient’s identity from outside sources.
Blockchain Application: Medicalchain’s blockchain-based platform keeps track of origin and protects patient identity.
Real Life Impact: In May 2018, Medicalchain announced the launch of MyClinic.com. A telemedicine platform, MyClinic allows patients to consult with their doctors via video and pay for those consultations with “MedTokens”.
Industry: Cybersecurity, Blockchain
Location: Irvine, California
What they do: Guardtime is helping healthcare companies and governments implement blockchain into their cybersecurity methods. The company was instrumental in helping to implement blockchain in Estonian healthcare systems, and recently signed an agreement with a private healthcare provider in the United Arab Emirates to bring blockchain to their data privacy systems.
Blockchain Application: Guardtime employs blockchain for cybersecurity applications, including healthcare.
Real Life Impact: Guardtime recently partnered with Verizon Enterprise Solutions to implement several platform services based on Guardtime’s Keyless Signature Infrastructure (KSI) blockchain.
Industry: Big data
Blockchain Application: Avaneer is a new company backed by Aetna, Anthem and Cleveland Clinic that is dedicated to using blockchain technology to improve the efficiency of healthcare, using a public ledger to support better processing of claims, secure healthcare data exchanges, and keeping provider directories up to date. till the date.
Real-Life Impact: The Avaneer network takes a forward-looking approach to keep healthcare data secure and readily available to authorized care providers.
Industry: Blockchain, Supply Chain Management
Location: San Francisco, California
What they do: Chronicled builds blockchain networks that demonstrate chain of custody. The networks help pharmaceutical companies make sure their drugs arrive efficiently and allow law enforcement to review any suspicious activity, such as drug trafficking. In 2017, Chronicled created Project Mediledger, an accounting system dedicated to the security, privacy, and efficiency of medical supply chains.
Blockchain Application: Chronicle’s blockchain network is used to ensure the safe arrival and detailed review of drug shipments.
Real-life impact: According to the company, the results of Chronicled’s recent MediLedger Project demonstrate that its blockchain-based system “is capable of acting as an interoperable system for the pharmaceutical supply chain” and “can meet privacy requirements data from the pharmaceutical industry. itself.”
Industry: Blockchain, Medicine
Location: Moscow, Russia
What they do: Robomed combines AI and blockchain to offer patients a single point of care. The company deploys chatbots, portable diagnostic tools, and telemedicine sessions to collect patient information and share it with the patient’s medical team. The Robomeds Panacea platform engages patients in smart contracts that incentivize and guide them on the path to better health.
Blockchain Application – Robomed uses blockchain to securely collect patient information and share it with the patient’s healthcare providers.
Real-life impact: Taipei Medical University Hospital recently implemented blockchain technology, including the Robomed network, to more securely store and share medical records.
Industry: Blockchain, Cybersecurity, Health, IT
Location: Georgia, USA
What they do: Patientory’s end-to-end encryption ensures that patient data is shared securely and efficiently. The company’s platform allows patients, healthcare providers, and physicians to access, store, and transfer all important information via the blockchain. Patientory helps the healthcare industry move faster by housing all patient information under one roof.
Blockchain Application: Patientory’s blockchain platform enables the secure storage and transfer of important medical information.
Real Life Impact: Patientory recently hosted its first North American Healthcare Blockchain Summit that brought together hundreds of healthcare professionals to discuss and learn about blockchain-based healthcare applications.
Industry: AI, Blockchain, Medicine, Software
Location: California, United States
What they do: Doc.ai uses artificial intelligence, such as AI, to decentralize medicine on the blockchain. Users can opt into the company’s platform to share their medical and genomic data with a community of scientists who use the data for predictive modelling. doc.ai does not store patient data. Once the information is uploaded, encrypted on a blockchain, and used in a test, the data is erased to ensure security and privacy.
Blockchain application: The company employs artificial intelligence (such as AI) to decentralize medical data on the blockchain.
Real-life impact: The company recently partnered with health insurer Anthem to study the use of artificial intelligence to predict the occurrence of allergic reactions.
Industry: Blockchain, Data exchange
Location: Florida, USA
What they do: Encrypgen Gene-Chain is a blockchain-backed platform that makes it easy to find, share, store, buy, and sell genetic information. The company protects the privacy of its users by allowing only other members to purchase genetic information using secure and traceable DNA tokens. Member companies can use genetic information to leverage their genetic knowledge and advance the industry.
Blockchain Application: The company’s blockchain platform makes it easy to find, share, store, and purchase genetic information.
Real Life Impact: EncrypGen plans to expand its user profile to include self-reported behavioral and medical data. According to the company’s co-founder and CEO, Dr. David Koepsell, it is also working on integrating a blockchain payment and auditing platform, as well as forming partnerships with testing companies, developers of security software analysis and others.
Blockchain is a novel technology that can solve security problems in the healthcare sector. The top 10 companies listed above are using blockchain to improve Health Information Electronic Interchange (HIE) to help faster data exchange across a wide range of healthcare applications that are efficient and cost-effective. With a blockchain, patients can choose to share specific medical data, for a defined period, anonymously. If built with the right architecture and company, blockchains can be used to record and execute consent-based sharing of patient data. In short, these blockchain-based companies can provide up-to-date information and allow access as needed. Blockchain is an emerging technology and these companies have the potential to change the way the world works.