South Korea’s Myongji Hospital Implements Blockchain for Medical Healthcare Services
South Korean Hospital Implements Blockchain
Myongji Hospital in South Korea, one of the country’s largest hospitals, has recently partnered with a technology company for blockchain-based medical services. The hospital announced the transition to such medical services in a press release.
The technology company, BlCube is recognized as a machine-learning platform. Together, the parties will manage a healthcare information exchange system to “build a hybrid cloud that combines a public cloud and a private cloud.”
The blockchain platform-based service will enable patients to share their medical data with medical institutions, so long as they authorize the distribution. Further, the data will not be stored on a central system so that users need not worry about improper use or access.
The hospital’s move comes at a good time. A few months ago, the country’s Internet and Security Agency and the Ministry of Science and ICT discussed that they will be improving access to a pilot program for the public blockchain. The projects will cost $9 million and the public will receive more access to the blockchain sectors. Further, the government is aiming to invest $35 million in the development of such technology.