South Korea’s Gil Medical Center, Longenesis To Create Blockchain Health Management Database


South Korean Hospital And Longenesis To Create Blockchain-Powered Health Data Management Database

According to news outlet, Coin Telegraph, two entities are coming together to create a blockchain-based health information management system. The two entities who have formed an alliance include South Korean hospital, Gil Medical Center and advanced and secure life data storage provider, Longenesis.

As for the specs of the platform, it has been revealed that Bitfury’s open-source Exonum blockchain framework will be its foundation. Bitfury is a full-service blockchain firm who created Exonum to promote more flexibility when it comes to the overall implementation and functionality of the network.

Another firm part of Longenesis’ success has been revealed as being Insilico Medicine, who have since been specializing in AI (artificial intelligence) and applying said technology in the areas of target identification, drug discovery and aging research. (http://longenesis.com)

Evidently, Longenesis will be the one providing the platform in which Gil Medical Center will be able to upload, monitor, and regularly update health data belonging to patients as needed. As per the claims made, this system will also ensure that patients’ have control over their personal information – something that is rare in today’s society.

Other aspects that the platform will be working towards include “compliance with Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) Regulations,” reports Coin Telegraph as something that deals with offering services to foreigners.

News outlet, Crypto Ninjas, have also reported on this matter and have since made available each of the entities’ CEOs’ opinions. CEO of Bitfury, Valery Vavilov has expressed honor in being able to work alongside Longenesis while highlighting its significance. She also shared,

“This new blockchain solution will strengthen the process of collecting data and researching medical conditions, which could offer far-reaching benefits to people all over the world.”

CEO of Insilico Medicine, Alex Zhavoronkov strongly believes in protecting owner data and ensuring that the “consent procedure” is effectively completed in a “pain-free” manner. At the end of the day, Zhavoronkov argues that this should be a win-win situation for patients and health volunteers. Ultimately, he congratulated on what Bitfury and Longenesis were able to accomplish like platform.

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