Massachusetts General Hospital has announced a partnership with MediBloc, a Korean blockchain startup, to find improved ways of storing and sharing patient data.
The issue is that multiple entities (such as hospitals, insurance providers and pharmaceutical companies) need patient information. But, currently, all these entities are have their own data storing formats that are not compatible. Also, they don’t have a secure method of sharing these data. Hence, the partners are working to develop a blockchain based platform to store and share patient data.
Allen Wookyun Kho, MediBloc’s founder and CEO, has said that huge amount of patient information is created when people go to hospitals. However, it’s tedious to transfer this amount of information data from one hospital to another. He added that MediBloc will provide a distributed ledger to store and share medical data. The company is also working to build a tool that would convert the data stored in incompatible formats to a universal one.