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South Korean Hospital Set To Employ Blockchain For Medical Data Management

A press release published on April 23, announced the development. The collaboration is intended to evolve a blockchain-powered platform based on Bitfury’s Exonum blockchain framework that will purportedly increase the efficiency of data collection, boost medical research processes and ensure transparent management of patient consent.

Earlier this month, Bitfury and Longenesis collaborated to launch a blockchain-based consent management system for the healthcare industry that addresses compliance with GDPR and HIPAA.

In order to promote and support the country’s blockchain projects, the Seoul Metropolitan Government announced in February that they have established the “Seoul Innovation Growth Fund,” with the goal to invest more than $1 billion in blockchain and fintech startups by 2022.

Image Source – Pixabay.com

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