Mayo Clinic Works with Blockchain Technology and Medicalchain

Blockchain is expanding everywhere around the world and in many different industries. This time, one of the most important medical institutions is exploring blockchain solutions to store patient data on the blockchain.

The Mayo Clinic, which is one of the world’s top teaching hospitals, decided to sign an agreement with Medicalchain, a London-based startup, in order to ‘explore the potential benefits of blockchain technology in health care.’

The information has been released in a press release uploaded by Medicalchain. This company aims to create a decentralized platform that enables secure and transparent usage of health records. With blockchain technology, it is possible to control medical records and keep them secure.

Doctors would be able to have access to encrypted patient data that it is stored on hospital or university servers. Moreover, the company aims to develop a product known as MyClinic, an important online video-streaming platform that brings doctors and patients face to face.

During the telemedicine consultations patients would have access to their records, allowing a more in-depth, informative, and valuable experience for both patient and doctor.

A pilot for the Medicalchain blockchain will be launched during the next month working with the Groves Medical Group, that comprises four General practitioners in London. Those currently have 30,000 patients.

Moreover, in the future, there is a possibility to create a marketplace for data, allowing patients to share their record in exchange for cryptocurrencies.

Medicalchain CEO, Dr. Abdullah Albeyatti commented:

“We are thrilled to be working with Mayo Clinic. Mayo Clinic will provide their world-class healthcare and health IT expertise, while Medicalchain will provide our knowledge of blockchain and crypto- Together we will work on several use cases using blockchain based electronic health records.”

There are different medical companies in the market that are working with blockchain technology. Some of these projects are MediLedger or Well.

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