A Memorandum of Understanding (MoU) has been signed by Cardano technology team in Mongolia. The CEO of IOHK, Charles Hoskinson explained, “We’re going to talk about problems like 18% of the medicine is counterfeited or adulterated and 40% in the rural areas is counterfeited or adulterated. So how do you put a traceability program like what pharma trust has done.”
The blockchain solution in medical, MediLedger Project has recently welcomed a new member, Pfizer Inc.that is also one of the largest pharmaceutical company in the world. The CEO of Chronicled, Susanne Sommerville then commented, “This is what makes the project so special. It’s decentralised, and the data is private. Even though Chronicled is providing the technology, industry users operate the software themselves.”
A collaboration has been made between a blockchain solution providing company, MediConnect and an online pharmaceutical company, Tower Health. They aim to provide a blockchain solution to enhance their management system and delivering process for prescribed medicines. MediConnect has launched its MEDI Tokens to manage the transfers and transactions on its platform.
A collaboration has been made between a major hospital in South Korea and the Ministry of Science and ICT in launching a blockchain-powered platform. Seoul Medical Center will build an automated, personalized, integrated medical information platform by providing electronic prescription delivery, certificate issuance, and insurance claims through the blockchain-based system.
Healthureum, an Estonia based startup broadcasted a blockchain aimed at administering medical care in a secured manner. It is to be designed on an Ethereum blockchain. One of the spokesperson of the company said, “Through blockchain, we can achieve decentralized healthcare, closing the gap between services: through transparency, security and most importantly accountability”.
The Health2047 invested $10 million under Series A funding of Akiri, a blockchain startup. The company intends to progress a distributed ledger platform for health data. The idea is to develop a tool to transfer private health data which also included patients across U.S. named as ‘Akiri Switch’.
There are adequate chances to force Blockchain technology in healthcare by tapping smart contracts for payments based on pharmaceutical supply chain medical records. The MediLedger Project led by The LinkLab and Chronicled, designed and executed a process for adopting Blockchain technology to track prescription medicines meeting the operative needs of industry.
