Blockchain Platform For Healthcare Planned By Bitfury, Longenesis and Medical Diagnostic Web

Blockchain, Innovation, News | February 12, 2019 By:

The Bitfury Group, a bitcoin and blockchain technology firm, is collaborating with blockchain life data marketplace Longenesis and Medical Diagnostic Web (MDW) to deliver next-generation healthcare blockchain solutions.

The parties will be working together to create a blockchain platform for maintaining, sharing and securing medical imaging and diagnostic data. The platform, which will be built on Bitfury’s Exonum private blockchain framework, will provide users with a more robust and discrete environment, while allowing transactions to be validated by nodes installed at a variety of respected sites, using “anchoring” technology to increase trust in recorded transactions. It will also utilize Longenesis’ “state-of-the-art data management practices” to ensure that medical data is accessible only by authorized parties, in full compliance with data protection frameworks, such as HIPAA, GDPR and “right to forget.”

“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,” said Valery Vavilov, CEO of Bitfury. “The digitization of trust that blockchain offers, paired with the medical potential of AI algorithms, has the ability to revitalize medical systems all over the world.”

MDW, a radiology blockchain platform, is operating a marketplace that enables radiology stakeholders to forge new business relationships. It allows radiologists to contract with imaging facilities and securely share patient data and medical images such as X-rays and CT scans for interpretation. The new blockchain platform complements MDW’s existing immutable blockchain audit trails and tamper-proof records of patient data.

“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. “Our new hybrid private/public blockchain will provide the best of both worlds — a transparent and flexible yet protected and secure environment for medical data. We believe that together our advanced technologies will pave the way for a new quality standard in healthcare blockchain.”

The companies expect the new platform to set new industry standards for healthcare blockchain implementation, and help solve many of today’s significant medical imaging problems, including service access and delivery, results communication and integration across the continuum of care.

“We at Longenesis welcome how the medical data management industry is adopting new approaches in data storage and analytics by leveraging both the ultimate trust offered by blockchain and AI-powered data insights, allowing users to extract more value from data sets,” said Garri Zmudze, CEO of Longenesis. “A complete life data storage ecosystem should be transparent, smart and equipped with advanced cryptography tools. Thus, this is the blend we are building.”