Blockchain-powered medical data marketplace Longenesis and biotechnology company Insilico Medicine have entered into an agreement with South Korean hospital Gil Medical Center to create a blockchain-based health data management solution.
As part of the collaboration, the parties intend to develop a blockchain-powered platform based on Bitfury’s Exonum blockchain framework to increase the efficiency of data collection, boost medical research processes and ensure transparent management of patient consent.
Longenesis will reportedly provide a secure ecosystem for Gil Medical Center to upload, store and manage patients’ private data, allowing patients to control and access their data as well. The platform also aims to address compliance with the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) regulations as the hospital also provides services to foreigners.
In mid-March, another major hospital in South Korea’s capital city of Seoul, Seoul Medical Center, announced plans to launch a blockchain-based platform aimed to improve its medical services. The project dubbed “Smart Hospital” aims to boost data accuracy and reduce processing timing for the aforementioned hospital.