Blockchain Mobile Solution Health Wizz Seeks To Organize Medical Recordsbr>
Health Wizz is a blockchain-powered technology solution that seeks to bring order to the relative chaos of medical records. Today, there are more than 300 different electronic health record systems in use, each with its own language for representing and sharing data. Critical information is often scattered across multiple facilities, and sometimes it isn’t accessible when it is needed most—a situation that plays out every day around the U.S., costing money and may even damage lives in certain cases.
By offering a secure, decentralized mobile platform, Health Wizz hopes to aggregate, organize and share personal medical health records securely and efficiently.
“My mother was admitted to ER last year,” said Raj Sharma, the CEO of Health Wizz. “Doctors couldn’t find anything wrong. Shortly after, she was readmitted to another hospital. They repeated all of the tests because the first hospital would not share her medical records. That is a lot of time and money wasted. My mother is not alone. Testing redundancies add an estimated $25 billion to the nation’s healthcare costs. This is completely avoidable. We envision a future where consumers own their medical health data and can easily organize and share their records, in a secure fashion, at little to no cost.”
Under the Health Wizz system, medical records will be managed using OmCoin, a digital token issued by Health Wizz. Patients can even sell their data if they desire, with smart contracts governing each step of the transactions.
Raj Sharma, the CEO of Health Wizz, talked to Block Tribune about the venture.
BLOCK TRIBUNE: Let’s start with the basics. Tell me how Health Wizz is going to work for the people who have to use the tool.
RAJ SHARMA: Maybe I should give you a little bit of a background on me, and the company, and then dive right into, how it’s going to work for the users, if that’s okay.
BLOCK TRIBUNE : Sure, go ahead.
RAJ SHARMA: So I’m one of the co-founders and CEO of Health Wizz. I have a telecom background and one of my co-founders who’s the CTO of the company, his name is Siresh Bajpai. He and I have worked on distributed applications in the telecom space for a number of years, over 15 years. And then our third co-founder, was Dr. Desai, comes from healthcare space, and IT space. So, so the three of us started Health Wizz about a year back and, we are now at a point where I’m going to bring this to the market and the way we are launching this is that, that people have a huge problem with essentially controlling their health records, or aggregating it, and managing those health records.
So that, so that, what we’re launching with Health Wizz is that first, number one, step number one, is to provide them with tools that essentially, pulls their medical records from different sources, including doctor’s office, hospitals, labs, including genetic information. And this is pretty unique to us is that now you have a complete profile of the individual, that the individual carries with her wherever she goes.
The second step is to essentially standardize and normalize this data, that the user has aggregated, so it’s a very consumer focused application. The user is in charge. They are the ones who are aggregating their health records. And then, once you standardize and normalize the data, the third step is to make it accessible on a Ethereum blockchain. And you know, in our model, we don’t actually put the health records on blockchain. We just make it accessible on Ethereum blockchain. And the idea is that biotech companies, research companies, and pharma, will essentially want access to this data and are, would be willing to pay for this data. And that’s where we use [inaudible 00:02:51] so people will essentially make that data accessible for specific research or for any other purpose. And the biotech companies will reward the users for their data with a token.
BLOCK TRIBUNE: I see. So once it gets out in the wild though, then it’s out in the wild, right? There’s no way to track it beyond that?
RAJ SHARMA: No, so, this is a smart contract between the biotech company and the user and the user can essentially control, in terms of how long they want their data to be, exposed to that particular company, biotech company. Whether you know, it expires, the permission expires in a week, or one day, what part of their overall medical records they want to share, so all that is controllable by the user. It’s not in the [inaudible 00:03:46] at all. The smart contract is being executed on the Ethereum but the data itself is being exchanged on a private channel between the biotech company and the end user.
BLOCK TRIBUNE : Now this is a mobile app, correct?
RAJ SHARMA: It is a mobile application. That is correct.
BLOCK TRIBUNE : Are there any particular challenges with a mobile app that you wouldn’t get with a web-based tool?
RAJ SHARMA: Well, we think that it’s a more convenient way for the user to have all their data, all their longitudinal data, at least in our vision, we think that the data should be from womb to tomb, everything that a person has ever done in terms of health, should be on their mobile phone.
But the big plus there is that the phone goes with them wherever they go. So even if they don’t have access to a web browser but if they have, the phone’s in their hand, if they’re traveling or something and they need medical attention, they can get it. Because they have all the medical records right there. If you move from one town to the other, you’re not at the mercy of the health system to transfer your records from one hospital to the other, or one doctor to the other.
So we think that, and quite honestly, we don’t see any challenges doing this on a mobile platform. In fact, we think that all the data, except maybe the images and MRIs, you can pretty much put all of that data from the whole longitudinal history, in about 10 to 15 gigs of data and today, most of the phones have that. And for images, we essentially store it in a [inaudible 00:05:28].
BLOCK TRIBUNE: And if you lose your phone, I take it that this is password protected? What sort of log-in protocols are you using?
RAJ SHARMA: We essentially leverage all the security and log-in capabilities that IOS and Android offer, this data is essentially the same data that, our financial data is on the phone as well, our health data is, in the same way the health data will be on the phone. So yeah, we use the standard security mechanisms that these operating systems provide.
BLOCK TRIBUNE : Tell me what your take is on the recent Parity Technologies hack on their ethereum blockchain. Does that cause any concern for you? I realize that that’s a separate issue from what you’re trying to do but still, a security breach on any ethereum blockchain has got to cause some worries.
RAJ SHARMA: Bruce, it’s so interesting that you asked that, and I did read article on that as well. No actually, it is, I think it is very, very relevant to what we are doing. And I say that from a community standpoint. I think that this is something that we as a community, a blockchain community, should take responsibility for. What, this has been a concern of ours from day one, is how do we protect the wallets of our end users? How do we make sure that these smart contracts behave in the way that they should? And so we have a special focus on essentially, verifying these smart contracts and the wallets. And a wallet is a smart contract as well, but, so we are building mathematical proof in terms of tools, mathematical proof to verify that the smart contracts behave in the way we think that they should behave.
And I think, quite frankly, all the companies should do that. For the good of the community, for just, to develop their trust. So that’s what we are doing. I think it’s, you know, it’s, it’s unfortunate that this thing happened to Parity, but you know, we want to be, day one, we want to make sure that we provide the tools, in terms of mathematical proof for these kind of events.
BLOCK TRIBUNE : What do you foresee as the timeline where blockchain becomes somewhat mainstream? I mean you’re trying to deal with consumers here and getting them to input something into their smart phones. I mean, will that be a faster timeline than say, try to convince the medical community of its validity?
RAJ SHARMA: That’s what we believe. That, if we can make this very easy for the end users to use, we think that the adoption will be there much quicker than hospitals and other enterprises who may be more reluctant to adopt a new technology. And with users, we are not even going to mention blockchain, we’re not even going to mention smart contracts. I mean, this is all, under the UI. So, and that’s what we are focused on, is how do we provide a user interface and a user experience that completely makes the user not deal with any of the complexity of blockchain and also trust it at the same time? So that’s all built into the UI and US, but we think especially for healthcare, the adoption is going to be much faster, quicker, at the consumer level, as opposed to hospitals trying to get on to blockchain.
BLOCK TRIBUNE : How do health insurance companies feel about this?
RAJ SHARMA: Actually, we’ve talked to a few health insurance companies as well. They, today, pay a lot of money to get some of this data, and most of the data de-identified. But they pay a lot of money to get this data from data brokers. Now if we can provide a way for health insurance companies to get that data directly from the users. And by the way, the user can control whether to identity or de-identify, I think the insurance companies would be interested in getting the data directly from the users and maybe even providing incentive and this is, this is the, this is what we have talked about with them is, can they provide incentives in form of tokens, to users who are, who adopt a healthy behavior, for example.
BLOCK TRIBUNE: What do you see the tokens being used for? Will it stay within your ecosystem? Will they be exchange traded?
RAJ SHARMA: We actually think that there is an ecosystem to be created here and once the users start accumulating tokens, we want to make sure that the token has the utility in other adjacent industries as well. So for example, we will have our business development efforts targeted at things like potentially health clubs, gyms, maybe even, sporting goods companies, so that the user can then redeem their tokens for goods and services that may not be directly in the healthcare medical records space, but adjacent spaces like, health clubs, and sporting goods.
BLOCK TRIBUNE : Okay.
RAJ SHARMA: And also for insurance, for sure.
BLOCK TRIBUNE : Okay. Tell me about your ICO plans.
RAJ SHARMA: Yes, so we are announcing a pre-sale on November 30th and we expect to run the pre-sale from November 30th to February of 2018. And then we’ll have a public token sale on, in February of 2018.
BLOCK TRIBUNE : And what will be your reserve and you know, details along those lines? Have you determined that?
RAJ SHARMA: We are going to have 65% of the tokens be available for public and pre-sale, and then we will have 10% of the tokens reserved for incentivizing the ecosystem. And it could be, for users downloading the application, and for other advertising and promotional purposes. And the other 25 will be with the funding team, and the management team, and the employees.