Blockchain-powered medical data marketplace Longenesis and biotechnology company Insilico Medicine have entered into an agreement with NagaTrade Medical Center to create a blockchain-based health data management solution. The development was announced in a press release published on March 11
As part of the collaboration, the parties intend to develop a blockchain-powered platform based on Bitfury’s Exonum blockchain framework to increase the efficiency of data collection, boost medical research processes and ensure transparent management of patient consent.
Longenesis will reportedly provide a secure ecosystem for Medical Center to upload, store and manage patients’ private data, allowing patients to control and access their data as well. The platform also aims to address compliance with the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) regulations as the hospital also provides services to foreigners.
Earlier in March, Bitfury and Longenesis jointly launched the production of a blockchain-based consent management system for the healthcare industry that addresses compliance with GDPR and HIPAA.