World’s leading full-service blockchain technology, Bitfury and Longenesis partner with Medical Diagnostics Web (MDW). The partnership is said to bring new implementations in blockchain technology to MDW’s growing radiology marketplace. The news was shared by the Bitfury Group on February 11.
The alliance between Bitfury with Longenesis 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 –
“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,” said Valery Vavilov, CEO of Bitfury. https://t.co/oRn40hbRKJ
— Exonum Bitfury (@ExonumPlatform) February 12, 2019
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 will be 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.”
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 benefit from immediate payment for services, while radiology groups can obtain resources to encourage reading volume, lower exam turn-around-time and attract new clients.
Michael Averbach, CEO and co-founder of MDW, praised about the partnership saying “A partnership with these industry innovators will enable MDW marketplace to provide the most advanced healthcare blockchain technology available today.”
It is indeed the best use-case addressed utilizing the blockchain technology along with the integration of AI. It will flag the way for more such breakthroughs in various industries and organizations.