The global Blockchain development company is known to promote visions it believes can make a difference to common people and their regular needs. This once, HashCash embarks on a new initiative towards the construction of a Health Passport.
The importance of data is paramount in the age of digitization. Be it industrial, educational, medical, or financial – data drives the businesses. Data is interpreted by mechanisms of expression analysis, sentiment analysis, buying pattern analysis, and other larger data formats.
HashCash Consultants prioritizes necessity-based innovation and often propagates concepts and theories meant to ease off technical bottle-necks.
The global Blockchain development company is known to promote visions it believes can make a difference to common people with their regular needs. This once, HashCash embarks on a new initiative towards the construction of a Health Passport.
Health Passport
The increase in the global population and their need to avail healthcare amenities gives rise to an enormous amount of data from each person. The health care facilities eclipse research institutes, bio-equipment engineering firms, and insurance companies – all of whom require access to patient data to construct better equipment to upgrade the hospitals and clinics.
Also Read: HashCash’s Collaborative Efforts With Asian Tech Giant Safeguards Covid-19 Scams
“The Health Passport is an all-inclusive distributed ledger that records every doctor’s visit from birth to death,” says Raj Chowdhury, Founder, and CEO of HashCash Consultants.
The Working
Health data is normally stacked in an unstructured format across the healthcare systems in most developing countries of the world.
“This initiative aims to club all data pertaining to each individual on a single blockchain. Health Passport may be implemented globally by nations and linked to national identity proofs for enhanced credibility”.
Each clinical visit requires an update on the same blockchain. Individual patients remain the owner of their health records and the same may only be accessed with their Digital Identity. Only the Digital Identity unlocks each patient’s health data.
Incentives Riding
Individuals in particular cases may choose to share part or whole of health records with research institutions and equipment manufacturing firms. The system may allow incentives for the cooperation of such patients with relevant organizations. Those incentives may be in tokens that serve to waive a part of their medical expenses off.
“Tokenized benefits, in return for shared data, has been thought about by many organizations,” adds Chowdhury.
“Our system emphasizes solely linking them to a blockchain.”
HashCash has previously theorized Vaccine Passport in terms similar to this. The Health Passport envelops other aspects.
Finally
Healthcare ranks among the basic amenities that citizens are entitled to. Innovation, on the medial front, should be directed to minimize physical agonies brought about by critical conditions. HashCash aims to resolve such critical situations by means of technology.
Source: https://finance.yahoo.com/news/hashcash-drives-health-passport-initiative-070000216.html
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