PatientDirected.io claims that the World’s first patient health data transfer over blockchain has been accomplished. According to the press release, the patient requested data from one clinic and transferred it to another via a mobile application developed by PatientDirected.
EOS blockchain based platform might appeal to patients who are uncomfortable with the monetization of their personal healthcare data by institutions.
The solution company is developing means to give control to patients themselves and let them monetize their own data.
At the moment hospitals, clinics, doctors, and other medical institutions are trading valuable patient information. It is not clear how they will react if this ability is taken from them. Healthcare is already an expensive service as it is; could it get even more expensive if it isn’t the hospitals that would be making money from patient data but patients themselves?
8 pages long Whitepaper of PatientDirected could be reached here.
WHY IS IT IMPORTANT?
- According to the study conducted by BIS Research, the blockchain in healthcare is estimated to be $176.8 million in 2018 and is likely to grow over $5.61 billion by the end of 2025. The authors of the report believe that 14% of healthcare organizations will have a blockchain based system in place by the end of 2018, while 70% will have invested in the technology by 2020.
- Blockchain implementation in the healthcare market is driven by the urgent need to improve interoperability and security of the healthcare information systems.
- Recently it became known that South Korean leading provider of gene sequencing services is creating a medical private blockchain platform to safely store different pieces of confidential information, including data on genes.