VeChain and I-Dante Partnered to Create Blockchain Enabled Medical Data Management Platform for Healthcare Provider in Cyprus

Information Technology Press Releases Tuesday May 19, 2020 08:00
SHANGHAI--19 May--PRNewswire/InfoQuest

With more than 4.6 million infections, 300 thousand deaths and counting caused by COVID-19, national governments, healthcare systems regardless of region and continent have been scrambling to respond to it, and the pandemic has highlighted the increasing demand for digital technologies to replace our old way of communication. VeChain is at the frontier of this digital transformation, solving the problems of the management of healthcare data by utilizing solutions powered by blockchain technology.

With the aim of enabling digital transformation in the healthcare sector, VeChain, together with I-Dante co-developed a blockchain-enabled medical data management platform namedThe E-NewHealthLife.   Mediterranean Hospital of Cyprus, a hospital under the General Healthcare System of the Republic of Cyprus (GHS) is the first hospital to adopt this application.

Healthcare System Advancement

There have been efforts to modernize the technological infrastructure in the healthcare sector, but the problems include the administrative and technical difficulties of pooling data from different digital   systems, the increasing cost, and the balance of health imperatives and privacy concerns, have greatly hampered the efforts. This dilemma has led to an urgent need for a low-cost yet highly-efficient digital solution.

With proven advantages in terms of secured data storage and efficient information sharing between multiple parties, blockchain technology has emerged as the best option in hand.
Blockchainized Actions In Response To The Challenges

There is a strong and urgent demand to deliver better and more efficient healthcare solutions that can achieve excellent patient-centric healthcare provision, secured data sharing, while complying with regulations on the use and sharing of patient data, which is solved in this case by the introduction of theE-NewHealthLife Web Appin the Emergency Department of the hospital as the first phase of this project.

Powered byVeChain ToolChain [TM], the Digital Healthcare Passport is an encrypted NFC Card that can be assigned to any patient of the hospital. The NFC Cards will allow the patients to identify themselves automatically at the Emergency Room registration desk, check their queue on mobile phone, manage their own medical records safely with the E-NewHealthLife Web App.

The blockchain powered application can serve both the hospitals internally and also end users. As The E-NewHealthLife fully complies with the GDPR (EU's General Data Protection Regulation), the App enables the owner to have complete control over their profile and medical records. Data can only be shared to 3rd parties with the permission of the owner.

Bridging Trust In The Healthcare Sector

Blockchain is being posited as the next frontier in healthcare that will help solve the industry's interoperability challenges. According to a report by BIS Research, the global healthcare market spending and investment on blockchain-based technologies is expected to hit $5.61 billionby 2025. The adoption of blockchain technology could save the healthcare industry up to$100-$150 billionper year by 2025.

Based on concrete cases of multi party collaboration in various industries, VeChain has been accumulating experience in bridging trust and bringing in transparency into business while being compliant with local authorities and regulators. Given the huge potential of blockchain technology in the medical and healthcare sector, VeChain will continue to develop solutions for all stakeholders and pursue more opportunities in the near future.

About Mediterranean Hospital of Cyprus

The Mediterranean Hospital of Cyprus is a modern private health care institution, one of the largest in Cyprus, with a mission to provide to all the citizens and the visitors of the country safe and high quality medical services 24/7. The founder of   the Mediterranean Hospital of Cyprus, Dr. Andreas Panayiotou has set as a goal the development and the establishment of a reliable infirmary, with flexible operational mechanisms, in order to gain the trust and recognition for the quality of its services from everybody. Mediterranean Hospital of Cyprus is the first private hospital that joined Cyprus' General HealthCare System (GHS).

Website: www.medihospital.com.cy/en/
About I-DANTE LTD

Founded in December of 2019 by Etna Digital Growth (a consultancy- software house company in Italy) and CircleServus LTD (a consultancy company in Cyprus) in order to build digital healthcare solutions leveraging the power of the VeChainThor Blockchain.

Website: www.i-dante.com/
About VeChain

Launched in 2015, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. VeChain is the pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, AWS, PICC, ASI etc.

Website: www.vechain.com
Photo - https://mma.prnewswire.com/media/1169061/VeChain_Blockchain_Solution_Screen.jpg
Logo - https://mma.prnewswire.com/media/738221/VeChain_Logo.jpg

Latest Press Release

Fortinet FortiProxy Secure Web Gateway Earns the U.S. Department of Defense’s Endorsement for Its Approved Product List Certification

Fortinet(R) (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced that its FortiProxy secure web gateway solution has achieved Department of Defense Information Network (DoDIN) Approved Products List...

WHA Infonite and JasTel Ink Data Center Deal

WHA Digital, through WHA Infonite Company Limited - a subsidiary of WHA Group, Thailand’s leader in fully-integrated Logistics, Industrial Estates, Utilities & Power and Digital Platform - has finalised a data center agreement with JasTel...

Uniview Temperature Screening Solutions Help Thailand Government to Fight Against COVID 19

In May, 2020, through the Ministry of Education, Ministry of Technology, and Prime Ministry's Office, Uniview provided enhanced temperature screening solutions and products, including CW-180, OET-213H-BTS1, and other Heat-Tracker series products, to help...

AIS recommends steps to prevent annoying spam in iMessage.

From the current issue that iPhone users in several countries have received spam messages in iMessage for unknown reasons and caused security concerns. Meanwhile, in Thailand, mobile users on many networks noticed these problems as well. AIS recognizes...

Bluebik suggests implementing Cloud technology as the real hero in supporting efficient management of IT expenses during COVID-19

Bluebik Group, a leading consultant on strategy and management through innovation and technological solutions, shared the view that organizations can reduce IT expenses in this critical time by tapping into Cloud computing. This is a technology for...

Related Topics