The COVID-19 pandemic continues to disrupt life and global economies. It has also exposed the increasing demand for digital technologies in our healthcare setting and daily activities in general. VeChain hopes to be at the frontier of this digital transformation by solving the problems of the management of healthcare data, through the use of blockchain-powered solutions.
VeChain has introduced a new medical data management platform for healthcare providers that is currently being tested in emergency room settings. Dubbed “The E-NewHealthLife”, the application was developed in collaboration with digital healthcare solutions firm I-Dante. It is currently being used in the emergency department of the Mediterranean Hospital of Cyprus, one of the largest healthcare institutions in the country.
The platform makes use of the Digital Healthcare Passport, an encrypted NFC card that can be distributed to patients. It can automatically identify patients when they check in at the emergency room registration desk. The hospital can use the platform to collect and record patient information.
The patient on the other hand is also able to manage their medical records, track their queue, and share data with the hospital. In addition, the patients can use their individual health records as proof of their health status, having full discretion whether or not they share that data with a third-party.
According to VeChain, the blockchain technology is capable of eliminating the middlemen and accessing patient databases on a large, population scale. It says the platform complies with the European Union’s General Data Protection Regulation and allows patients to have total control over their profile and medical records.
The firm also projects that by 2025, the blockchain technology can save the medical sector between $100 – $150 billion in costs related to security lapses, IT, support functions, operations, and staff.