Blockchain technology is quickly spreading throughout industries. Almost every major company has some form of a blockchain solution now, and the medical sector is no different. A multitude of blockchain healthcare companies, startups, and applications have begun to spring up in the medical sector.
Below you can see a list of new blockchain-based organizations working on various blockchain healthcare projects.
Counterfeit Medicine Prevention
Blockpharma Provides the Cure to Counterfeit Medicines
According to Blockpharma, 800,000 deaths occur every year due to counterfeit medicines, and there has been a 300% increase in counterfeit medicine trafficking between 2007 and 2010. Out of all the medication in circulation at the moment, 15% is counterfeit.
Blockpharma intends to inject some truth into the pharmaceutical industry and put an end to counterfeit medicine with the help of blockchain. The company teamed up with the supply chains of pharmaceutical companies and provided an app that would allow patients to scan their medications and verify identity.
The Blockpharma blockchain is currently being developed by Crystalchain, an information technology firm building blockchain solutions.
Blockchain-based Medial Networks
PokitDok Provides Blockchain Networks for Healthcare
PokitDok is a blockchain-based platform intended to rid the healthcare system of intermediaries. Ideally, this will lead to the expulsion of clearinghouses and outdated technology vendors.
Ultimately, this will also cut costs across the board, eventually leading to lower prices for consumers. The selling point of the product is the use of automation to provide more efficient services in time while cutting out the risks of human errors.
Entities involved: PokitDok
Project status: You can sign up for PokitDok’s services through their website today. The technology is geared toward those currently working in the medical industry, mainly in healthcare administration.
Sources: PokitDok website
Akiri Brings Blockchain Solutions to Healthcare
Akiri creates blockchain solutions for healthcare providers. The startup’s goal is to bring improved efficiency and stronger security to health record storage systems. It uses automation to cut time and costs in the healthcare sector, increase productivity and decrease data dependencies.
Entities involved: Akiri
Project status: Akiri services can be accessed through their website. Their blockchain network is completed and a demo is available on request.
Source: Akiri website
HealthCombix Makes the American Healthcare System Great Again
The American healthcare system is often criticized for being severely flawed with rising prices, countless providers, and a multitude of intermediaries. HealthCombix plans to change that with blockchain.
#Healthcare #Blockchain #himss18 Open Decentralized Networks Enable Healthcare Wealth Redistribution
By providing a decentralized blockchain healthcare ecosystem, HealthCombix plans to disrupt the American healthcare system. Through their blockchain-inspired technology, the company hopes to put healthcare and medical records back into the hands of patients.
Entities involved: HealthCombix
Project status: HealthCombix is still in the first phase of its decentralized healthcare framework development process.
Source: HealthCombix website
Simplifying Pharmaceutical Supply Chain Management with MediLedger
MediLedger is a company that provides blockchain-based supply chain management solutions for pharmaceutical manufacturers. As pharmaceutical regulations continue to increase across the globe, the pharmaceutical supply chain is becoming harder to manage. With this in mind, MediLedger is developing a permissioned blockchain for the pharmaceutical sector.
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It tracks the transportation of medicines while also verifying their authenticity. There are already a wide variety of blockchains dedicated to supply chain management, but hardly any is purely dedicated to the pharmaceutical sector intended to ease the burden of cumbersome regulations.
Entities involved: MediLedger
Project status: MediLedger is based out of San Francisco and already offers a variety of blockchain-based services targeting the pharma sector.
Source: MediLedger website
Industry-wide Health Data Accessibility
Simplifying Data Acquisition with Robomed
Robomed provides a network where patients can upload information, and clinics can download it. Essentially, it is a blockchain-based storage solution for health records. With the Robomed system, healthcare providers can build their own systems by using the base code and alter the network according to their preferences.
Decentralizing Medical Records with Coral Health
The goal of Coral Health is to provide a decentralized system for medical records. The idea is to have all patient history uploaded into a single source.
By utilizing automation provided through a blockchain, records can be updated and maintained in near-real time. This cuts out many of the time-consuming practices currently plaguing the healthcare system, such as running between doctors when some information is forgotten or returning to doctors when a new prescription is necessary or a mistake has been made.
Entities involved: Coral Health
Project status: The project is completed. Currently, it is free for individuals and available at a low fee for businesses. A demonstration can be requested through the Coral Health website.
Sources: Coral Health website
Organizing Patient Data with SimplyVital
SimplyVital offers a variety of blockchain-based solutions for those in the medical industry. Their primary function is to organize patient health data by placing it on the blockchain. In doing so, a patient’s health information could be shared between all associated parties.
Say, a patient uses healthcare provider A one year, then healthcare provider B the next year. At the moment, a patient’s medical history is usually confined to the databases of each provider they visit throughout their lifetime. The idea is to provide one blockchain for all providers to use, thereby ensuring better care for patients.
Entities involved: SimplyVital Health
Project status: SimplyVital Health already offers a variety of blockchain-based services for medical institutions. Their next project titled Health Nexus is currently in development and is scheduled to be released later in the year.
Sources: Health Nexus whitepaper.
Health Data Storage and Marketplaces
Improving DNA Research with EncrypGen
EncrypGen is a peer-to-peer DNA data marketplace where individuals can sell and medical researchers can buy DNA data. They also offer test kits similar to Nebula Genomics mentioned below.
By selling their DNA information, individuals provide a vast amount of data for medical researchers. This might ultimately result in finding solutions to some of society’s most harmful and misunderstood diseases and medical conditions.
Entities involved: EncrypGen
Project status: The EncrypGen project is completed. Services can be found on its website.
Source: EngrypGen website
Selling Health Data with Burst IQ
Health data is a valuable asset in the medical sector, and Burst IQ recognizes that. This is why the company has built a blockchain for the purpose to store, share, donate, or sell health data.
The Burst IQ blockchain can also be used to target specific individuals meeting certain clinical trial requirements. Clinical trials can be costly to conduct, mainly due to the current problem of tracking down prime candidates.
Burst IQ makes this easier by putting donated health records onto the blockchain. Think of it as an interactive database which only reveals the information necessary for medical research. Additionally, the startup also claims to have “the most advanced blockchain platform on the market.”
Storing Health Data with Patientory
Patientory is a platform that can be used to store patients’ health data. It also allows patients to decide who they share their health information with by using a specialized app.
Health data can be shared with healthcare providers, doctors, or any specialists patients visit when seeking care. Blockchain, known for its highly developed security protocols, ensures health data is kept safe and only provided to whom patients choose.
Patientory has been covered by Forbes, the Telegraph, and IT ProPortal. It has been recently named one of the top ten innovative technology companies by The Technology Association of Georgia.
Tracking Ancestry and Selling DNA with Nebula Genomics
Nebula Genomics is a DNA sequencing company that allows users to sell their sequence data. For $99, Nebula Genomics sends a user a DNA sequencing kit which is basically just a tube they need to spit in. Once they send it back, Nebula Genomics sequences the obtained DNA and provides participants with the information concerning their ancestry, disease risk, and inherited traits.
From that point forward, users can sell their DNA data to interested parties. According to Nebula Genomics, their main goal is to increase DNA sequence data so that medical researchers have access to more information at a lesser cost, which should aid in developing the medical industry faster.
Keeping Medical Data Safe with Doc.ai
Doc.ai is another blockchain-based option for storing and sharing your medical data, an alternative to Block IQ mentioned earlier. Doc.ai operates through an app secured by blockchain technology. From there, you can choose to sell your health data to research organizations.
Entities involved: Doc.ai
Project status: The Doc.ai app is available for download. It uses artificial intelligence paired with blockchain to make assumptions about a patient’s health.
Sources: Doc.ai website
Keeping Personal Health Data Secure with Medicalchain
Medicalchain is a storage system for your personal health information which uses blockchain technology for security protection purposes. Patients can decide who they share their information with in real time by giving access to doctors or medical researchers through the Medicalchain system. Patients can do all this through a specialized app.
Another interesting use case for this technology is a medical emergency in a live setting. If it were to occur to a Medicalchain user, the doctor would be able to gain access to this person’s medical history and information instantly, thereby providing informed treatment.