Solution addresses efficiency and transparency in data collection and management, and compliance issues
On April 23, 2019, a press release issued by biotechnology company Insilico Medicine informed that the company’s partner, Longenesis, signed an agreement with the leading South Korean hospital Gil Medical Center, aimed to create and integrate a custom blockchain-based health data management solution.
The parties are going to develop a blockchain-powered platform on the basis on Bitfury’s Exonum blockchain framework. The new solution aims to increase the efficiency of data collection and aggregation, stimulate medical research processes and make patient consent management completely transparent.
The Longenesis data management solution will provide an ecosystem for Gil Medical Center, where the staff can securely upload, store and manage patients’ private data. Patients will have the full control on data usage and access. The platform also aims to solve compliance questions with the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) regulations because the hospital provides services to foreigners, as well as to local residents.
Let’s remember that earlier in April 2019, Bitfury and Longenesis jointly started development of a blockchain-based consent management system for the healthcare industry that addresses compliance with GDPR and HIPAA.
Author: Helen Darkhouse