The Bitfury Group and Longenesis alliances with Medical Diagnostics Web (MDW), to bring new implementations in blockchain technology to MDW’s growing radiology marketplace according to the announcement published by Bitfury on February 11.
The alliance between Bitfury, the world’s leading full-service blockchain technology company, Longenesis, a startup that blends AI and blockchain, and MDW radiology marketplace will build a next-generation platform for managing, distributing and securing medical imaging and diagnostics data.
Valery Vavilov, CEO of Bitfury posted on Twitter that “Blockchain technology can strengthen patient data security by providing a tamper-proof record of patient history while simultaneously providing an avenue for doctors to more easily share information.”
Deployment of this blockchain infrastructure is anticipated to set new industry standards for healthcare blockchain implementation.
Longenesis’ state-of-the-art data management methods will secure medical data. It will be recorded transparently via blockchain and is accessible only by approved parties in full compliance with HIPAA, GDPR and ‘right to forget.’
The report stated that:
“This advanced new infrastructure, with baked-in data anonymization, advanced encryption and user permissions, complements MDW’s existing immutable blockchain audit trails and tamper-proof records of patient data that create safe and transparent way for users to exchange data and increase care quality, while improving efficiency and interoperability along the care continuum.”
According to the announcement, Garri Zmudze, CEO of Longenesis said that the firm embraces the medical data management industry in adopting new approaches in data storage and analytics. It leverages both the trust offered by blockchain and AI-powered data insights, allowing users to extract more value from data sets.
Medical Diagnostics Web (MDW) is the first radiology blockchain platform outlined to connect all members in the medical imaging ecosystem. Radiologists will enjoy immediate payment for services, while radiology groups can obtain as-needed resources to encourage reading volume, lower exam turn-around-time and attract new clients.
Artificial Intelligence firms profit through access to the highly specialized interpreted imaging datasets and raw imaging data required to train and validate algorithms.
Michael Averbach, CEO and co-founder of MDW, stated that “A partnership with these industry innovators will enable MDW marketplace to provide the most advanced healthcare blockchain technology available today.”
We can see that the platform helps solve numerous medical imaging problems, including service access and delivery, which results in communication and integration across the continuum of care.
It’s indeed the best use-cases addressed utilizing the blockchain technology with the integration of Artificial Intelligence. It will flag the way for more such breakthroughs in various industries and organizations.