- The VeChain Foundation and I-Dante have jointly developed a blockchain-based solution for hospitals that complies with the strict rules of the European Union’s basic data protection regulation.
- „The E-NewHealthLife“ will be implemented in a first phase in the emergency department of the Mediterranean Hospital in Cyprus.
The COVID 19 pandemic has shaken the world and at the same time highlighted the need for digital technologies. With the goal of driving the digital transformation of healthcare, VeChain has partnered with I-Dante to develop a medical data management solution called „The E-NewHealthLife“. The Mediterranean Hospital of Cyprus, a hospital within the general healthcare system of the Republic of Cyprus, is the first hospital to adopt the application. The hospital has 300 employees and 38,000 ambulatory visits in 2019.
As the VeChain Foundation describes in a blog post, there is an urgent need in the health care sector worldwide for a cost-effective and cooperative digital solution to overcome the administrative and technical difficulties of merging data from different digital storage systems, the lack of cooperation between different departments and health authorities, and to meet the high data protection requirements.
VeChain and I-Dante develop digital healthcare passport
The blockchain-based solution from VeChain and I-Dante will be implemented in the first phase of the project in the emergency room of the hospital and uses a digital healthcare passport available on VeChain ToolChain™. This is an encrypted NFC card that is assigned to each patient in the hospital.
The NFC cards allow the patient to be automatically registered and identified in the emergency room. In addition, the patient can use a web-based app to query the queue, view their medical data and securely share their personal information with the hospital. The entire application complies with the strict rules of the basic data protection regulation of the European Union.
„The E-NewHealthLife“ gives the patients complete control over their medical data. The app is used by hospital management and staff to collect and record information about patients, with the resulting data packages being the property of the patient. Therefore, the data can only be disclosed to third parties with the consent of the owner.
According to the VeChain Foundation, the adoption of blockchain technology can save the healthcare industry worldwide up to $100-150 billion per year by 2025 in costs associated with data security breaches, IT costs, operating costs, support function costs, and personnel costs. Based on this potential, the VeChain Foundation will develop further blockchain-based solutions for the healthcare sector.
Based on concrete cases of multi-party collaboration in various industries, VeChain has gained experience in building trust and bringing transparency to the business world while meeting local authorities and regulators. Given the enormous potential of blockchain technology in the medical and healthcare sector, VeChain will continue to develop solutions for all parties involved and pursue further opportunities in the near future.
I-Dante could play an important role in this. The company was founded in December 2019 by Etna Digital Growth, a consultancy and software company in Italy and CircleServus LTD, a consultancy in Cyprus, with the aim of developing digital healthcare solutions using VeChainThor blockchain technology.