Blockchain Based Healthtech Platform Aenco Joins Enterprise Ethereum Alliance

by | Jul 20, 2018 | Blockchain

Blockchain in healthcare | Aenco | ethereum enterprise alliance | EEA | EEA UPDATES | Blockchain updates

World’s first Blockchain-based healthtech digital financing solutions provider, Aenco has announced a major milestone in their project as they officially join Enterprise Ethereum Alliance (EEA).The membership of the renowned Ethereum standards platform which has top Fortune-500 companies on board is expected to provide a vital boost to Aenco’s current partnership network and further build up of its ecosystem.

By becoming a member of the EEA, Aenco has taken a big step towards providing a stronger capacity drive across its value chain, particularly in delivering the promises of key services in supporting a robust healthtech ecosystem. Aenco will focus on the following products:

  • AENCO IB Solutions (comprising of Aenco’s smart wallet AEN CONNECT, digital exchange for HealthTech Participants AENX, Healthtech sponsorship platform, and ongoing research and data analysis for contributors and participants);
  • AENCO Prime Solutions (Decentralized Prime Brokerage Platform);
  • AENCO Smartcap Solutions (Technology-driven Finance Platform for HealthTech Industry and Alternative Financing); and
  • End-to-end blockchain application development for sponsored healthtech projects to facilitate research collaboration, drug development, clinical data and services exchange, for example.

Speaking about the milestone achievement, Aenco Spokesperson said the decision is “a proof of the company’s commitment to developing project promises framework of the best enterprise features and requirements of the Ethereum ecosystem as provided by EEA.” The more significant implication of this is that AENCO now has access to the world-class services and resources available at the EEA platform.

Getting on the EEA platform, also helps Aenco capitalize on the leverage of an atmosphere of regulated entities to supply Blockchain-based financial solutions that effectively tackle challenges facing the industry. These challenges include lack of a robust financial ecosystem for healthtech innovations, high entry barriers and burdensome hurdles in fundraising, little or no options for start-ups requiring end-to-end digital capital solutions and lack of a credible, global-accredited standard for token sale best practices across relevant jurisdictions.

The medical sector is lacking a structured financial system that compliments the development of health tech, and it is polarised by bodies that are suspected to be inflating the prices of drugs and compromising the dosages.

As a member of EEA, AENCO will benefit from networking with established firms and agencies to revitalize the dwindling medical sector and incorporate a health tech system that will be effective, adequate and cost-effective.

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