UK Government Seeks Blockchain for Healthcare

Announcements, Blockchain, Event, Innovation | August 2, 2017 By:

UK government agency Innovate UK is offering up to £8 million ($10.5 million US) to UK businesses to develop new blockchain-based digital healthcare solutions. The competition started on July 31 and will conclude on October 11.

The competition aims to support the development of digital health products that meet the National Health Service (NHS) needs. It is being run under the digital health technology catalyst, which is part of the Industrial Strategy Challenge Fund.

Innovate UK said that the types of digital health projects it will fund include emerging digital health technologies with a demonstrated healthcare benefit, such as artificial intelligence, machine learning, augmented reality, blockchain, and the Internet of Things.

Innovate UK has financially supported other blockchain-based projects in the previous years. The agency awarded £248,000 to an ethereum-based cross-border payment tool in April 2016.

Last year, Innovate UK launched a competition focusing on distributed ledger technology, with an award of up to £15 million to competing companies.