Bitfury, a blockchain tech company collaborates with Medical Diagnostic Web (MDW), a radiology blockchain marketplace in order to create a blockchain-based medical imaging ecosystem.

Bitfury Group announced the partnership in a blog post on Feb. 11. The new collaboration will involve Bitfury, MDW, and Longenesis, a blockchain-powered life data marketplace to develop a platform that will maintain, share and secure medical imaging and diagnostics information such as X-rays and CT scans.

Bitfury Group is a  software manufacturer and the provider of security and infrastructure for the Bitcoin (BTC) blockchain.MDW is a radiology blockchain platform that allows radiologists to contact with imaging facilities and share patient data and medical images.

 Purportedly, the platform will be built on Bitfury’s private blockchain framework Exonum, enabling transactions to be validated using “anchoring” technology. Longenesis’ job is to ensure that only authorized parties have access to the medical data recorded on the blockchain. It will also guarantee compliance with the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR).

Valery Vavilov, Bitfury’s CEO expressed their excitement on the development:

“Blockchain technology can strengthen patient data security by providing a tamper-proof record of patient history while simultaneously providing an avenue for doctors to more easily share information. The digitization of trust that blockchain offers, paired with the medical potential of AI algorithms, has the ability to revitalize medical systems all over the world.”

Blockchain for Medical Purposes

In January,  IBM partnered with United States-based health insurance giant Aetna to build a blockchain network that specifically caters the needs of the healthcare industry, purportedly to streamline insurance claims processing and payments. The IBM network is estimated to serve over 39 million clients globally.

Also, just recently, Pistoia Alliance, a medical research and development union expanded its blockchain portfolio project to include data sharing, data identity, and data integrity. It will employ blockchain to validate sources in identifying data, to ensure data integrity, and to improve sharing between organizations.

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