When we talk about disruptive technologies, I don’t need to tell you how deadly it can be for companies and industries. Just like the internet, the blockchain technology will do same for many sectors and careers. Where does your industry stand in these turbulent waters? Sitting on the fence won’t be a solution. Taking up the challenge and learning how this new technology will help your industry is what gives you the winning mentality and makes sure you aren’t left behind, as Stewart Brand puts it; “Once a new technology rolls over you, if you’re not part of the steamroller, you’re part of the road”.
The health care industry, despite the most sophisticated technologies: robotics and AI, still faces problems of health data storage, management, and prescription. The blockchain is the technology that will save the industry. But how? These are some of the startups doing the magic in the ecosystem through the blockchain technology:
Here are the startups using the blockchain technology to change the face of health for the better.
Through the blockchain technology, this health-based startup creates a unified communication ecosystem and a network of data for healthcare, payers in the industry, and all stakeholders, from the patient to the doctor. As a builder of APIs in the vertical chain, including identity management, pharmacy, and claims, PokitDok developed the DokChain system back in 2016 to solve these issues in the ecosystem.
A California-based blockchain company that develops applications to handle supply chain and security issues in the healthcare sector. Built on the Etheruem blockchain, this startup seeks to give freedom to patients to control their own data. It provides cutting-edge security with a permission-based system and helps participants manage the supply system.
Unlike other health related blockchain startups, Guardtime caters for many sectors including healthcare, finance, defense, and advertising. The company, in 2016, joined hands with e-Health Authority from Estonia to develop a security system that protects the records of more than 1 million patients. Though the company uses the blockchain technology in its developments, it hinges on Keyless Signature Infrastructure (KSI) as a means to providing a large amount of data verification instead of resorting to a bitcoin or ethereum protocol.
Originated from France, Blockpharma’s blockchain solution is geared towards the sales of drugs online. Through its API, this startup provides a means to access the information systems of pharmaceutical organizations, reaching QR codes and production data of these companies for the blockchain to record and timestamp the information.
A boston-based startup that uses Ethereum to give patients access to their own data from clinical records to personal health data. MedRec makes use of health-oriented wearables to tap patient’s data, allowing healthcare providers to use this data to better diagnose patients. The startup is a brainchild of MIT’s graduate student researchers in Boston and will surely see a brighter future.
As a HIPAA-yielding blockchain system, Patientory’s aim is to create an intermediary where the delivery and receipt of information in the health sector is streamlined to avoid frequent, unnecessary updates and troubleshooting. Additionally, it’s created to aid in security protocol strengthening and creating the PTOY, the cryptocurrency that enables the storage and securitization of health data, where users build and share their profiles for better diagnostics.
This startup employs blockchain technology to enhance IoT and supply chain industries, as well as many others. In the health realm, however, Chronicled has built an ecosystem that monitors the movement of goods in the medical circles, including human organs, blood, and pharmaceuticals. It also monitors the temperature under which these goods are kept to make sure that they reach their destinations under the best conditions. The startup achieves this foot by leveraging blockchains, smart contracts, and hyperledger protocols.
MedicalChain is a blockchain-based startup changing the way medical information is stored, accessed, and utilized. Apart from giving patients the freedom to store their own data, this startup also ensures that doctors, pharmacists, and other health professionals are given prior permission before accessing and using a patient’s health for any purpose. Through the Hyperledger Fabric, patients are given the opportunity to control who does what with their data or who sees what.
This is a project championed by both Chronicled and LinkLab. These two startups created a collaborative working space for many pharmaceutical companies that are competing, to come together and build a resilient, tamper-proof tracking and tracing system in the prescription medical ecosystem. With the blockchain technology, this bondage creates a network of nodes, managed by participating pharmaceuticals and technological companies. All is done without touching the internal information or business intelligence of any single organization – thanks to the blockchain technology.
This is a startup introducing something new together with the blockchain technology. The company uses decentralized systems to create an interactive system for patients and medical providers to meet by leveraging Ethereum’s smart contract. The other unique thing is that Robomed Network allows patients to pay for the results of a medical checkup, treatment or diagnosis instead of just the visiting or consulting process. Currently, the startup has gathered more than 30 thousand services with over 9 thousand registered patients. It was first launched in Dubai and Russia.
Pirates attacked him from every corner. He was taken hostage many times. And during that time, Ibn Battuta didn’t know where he was going or what was lying ahead of him. He just wanted to have an adventure no matter what. That’s how the blockchain might look to you now. The internet had the same adventure. Whiles many companies might fail and not make it to the future where blockchain technology will span many sectors, your sector needs to be prepared. The health sector has a lot of problems from the patient’s data to the movement of pharmaceuticals across the globe. The blockchain provides a better solution and should be embraced if we want to make progress.
Do you know of any startup or upcoming projects in the blockchain technology that is geared towards health? We would like to hear from you.