UK Groves Medical Group Partners With Medicalchain To Pilot Blockchain Platform

A brand new partnership between blockchain startup Medicalchain and UK-based the Groves Medical Group will see the group changing into the primary medical follow within the nation to combine blockchain know-how and permit its 30,000 sufferers to pay for companies throughout its 4 medical facilities utilizing cryptocurrency.

Medicalchain is a decentralized platform that goals to deal with the inefficiencies within the healthcare trade by enabling safe, quick and clear alternate and utilization of medical information. Using blockchain know-how, Medicalchain has created an digital well being report that can be utilized by sufferers and healthcare professionals, together with medical doctors, hospitals, laboratories and insurers alike. It additionally affords an revolutionary method to join researchers and sufferers, rewarding sufferers with personalised incentives for sharing their anonymized information.

The pilot, which is ready to start in July 2018, will enable Groves’ registered sufferers to create a free pockets, which can maintain and handle entry to their well being data. General follow video consultations will even be obtainable to sufferers, enabling them to see their physician at a time and place suited to their wants. The platform will then give sufferers the choice to pay for companies utilizing cryptocurrency, with customers being incentivized to pay for telemedicine companies with Medicalchain’s MedTokens.

Dr Vince Grippaudo, senior associate on the Groves, stated:

“We believe that by empowering people to choose how they access healthcare, we can reduce the burden on public health services. The goal is to improve health services, not only in the UK but across the world, and with Medicalchain we believe we can be a part of that.”

Medicalchain stated it is going to collect suggestions from medical doctors and sufferers to refine its platform forward of its world launch. Several different pilot initiatives are set to be launched in China, Japan and South Korea towards the tip of the 12 months. The absolutely functioning Medicalchain platform is predicted to be rolled out in early 2019, based on the venture’s whitepaper.

London-based Medicalchain raised US$24 million in an preliminary coin providing final month to fund the event of its platform.

Medicalchain is a part of a rising checklist of startups and initiatives trying to make use of blockchain know-how to rework the healthcare trade.

The MediLedger Project, by the LinkLab and Chronicled, kicked off final 12 months with the mission to enhance the traceability of prescription drugs and produce higher transparency in pharmaceutical provide chains.

SimplyVital Health, which was launched in February 2017, has developed a product referred to as ConnectingCare that brings collectively onto the identical platform suppliers from totally different medical organizations the place they'll view the identical information for shared sufferers.