The opening of a new Biomedical Blockchain Research Center was announced by the Icahn School of Medicine at Mount Sinai and the Institute for Next Generation Healthcare which aims to solve healthcare and medical science issues with new technologies and data.
Blockchain technologies have devised a method to obtain a patient’s health records from a blockchain database even if they are unable to communicate. A verification from two different keys is needed for this step.
The interest in Blockchain and distributed ledger technology (DLT) has exploded in recent years with a large focus on the financial industry. Meanwhile, medical and pharmaceutical companies around the world are looking to DLT as a means of solving, securing, and streamlining their businesses. While there are many applications for DLT within the medical industry, one area where the technology excels is within supply chains.
Earning a little extra toward workout products and fitness classes could be as easy as tracking the steps you take outside. London-based Sweatcoin, a company which “pays” users a digital currency based on their daily steps, has just landed $5.7 million in a funding round led by Goodwater Capital with participation from Seedcamp, Greylock Partners, Rubylight, SmartHub, and several angel investors.
The health system has developed AI-based algorithms used on its more than 27 petabytes of data to define patient subpopulations — those with congestive heart failure or asthma, for instance — to target interventions to those groups. It’s developed algorithms using electronic health record data to predict patient decline in hospitals.
Over the past few years, more and more people have recognized the power of the blockchain to transform industries. In the over regulated, bureaucratic healthcare market, this is especially the case. Blockchain technology and innovative companies have the ability to revolutionize this market, create tremendous value, improve patient outcomes, create new treatments and pharmaceuticals while creating incredible companies that richly reward founders and management. Linda Health is one such company that is changing the market place with the blockchain. They have created a virtual medical assistant that is changing lives.
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