Business 12 February 2019

Dennis Wafula

New blockchain based platform by Bitfury, Longenesis and MDW

The Bitfury Group and Longenesis have partnered up with Medical Diagnostics Web (MDW) for better implementation of blockchain technologies in the MDW radiology marketplace.

According to their announcement, the newly formed partnership will “create a next-generation platform for maintaining, sharing and securing medical imaging and diagnostic data.” 

Bitfury, a leading full-service blockchain company and Longenesis, a company that combines AI and blockchain technologies are expected to use their expertise in the industry to set new industry standards for healthcare.

MDW is the first radiology platform based on the blockchain. Reportedly, the platform was created to connect players in the medical imaging ecosystem. The platform also creates an open and transparent marketplace for image interpretation. Through the platform, radiologists can contract with imaging facilities and safely share patients’ data for interpretation. The platform will be built on Bitfury’s private blockchain framework, Exonum that will enable transparency to be authenticated through “anchoring” technology.

While commentating on the new partnership, Valery Vavilov, the CEO of Bitfury stated:

“Blockchain technology can strengthen patient data security by providing a tamper-proof record of patient history while simultaneously providing an avenue for doctors to more easily share information. The digitization of trust that blockchain offers, paired with the medical potential of AI algorithms, can revitalize medical systems all over the world.”

Longenesis will work to ensure only authorized persons have access to the medical data on the platform in full compliance with Health Insurance Portability and Accountability Act (HIPAA), and General Data Protection Regulation (GDPR).

Bitfury and Longenesis will use blockchain and AI technologies to complement MDW’S already existing platform.

Michael Averbach, the CEO and co-founder of MDW, said:

 “A partnership with these industry innovators will enable MDW marketplace to provide the most advanced healthcare blockchain technology available today,…our advanced technology will pave the way for a new quality standard in healthcare blockchain.”

In January, Aetna a US-based health insurance giant formed a partnership with IBM to create a blockchain network for the healthcare industry. Reportedly, this network will be designed to streamline insurance claims processing and payments. It will also be able to manage directories.

Last year, HEX Innovation Ltd, a blockchain based healthcare platform partnered with the University of Perpetual Help Dalta Medical Center (UPHDMC) in the Philippines to make medical health records more accessible to health institutions.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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