Blockchain and medicine: 4 healthcare startups worth watching

We continue to study promising projects using blockchain technology and the ICO mechanism. In today's selection of 4 startups that can change the global healthcare industry as early as 2018.

Genetic Immunity

Genetic Immunity, an American biotech company, is developing and commercializing a new class of therapeutic vaccines (“immune therapies”) for the treatment of chronic diseases like HIV, human papillomavirus, as well as cancer and various types of allergies. The goal of vaccines is to strengthen the human immunity, making it more resistant to incurable diseases and reduce the destructive effect if the disease does occur.

The company's main product, the DermaVir vaccine, went through a series of clinical trials that confirmed the fact that it could kill HIV-infected cells. Currently, the company is preparing an ICO to finance the work on obtaining the necessary licenses and approval of the US Food and Drug Administration (FDA) and the launch of vaccines on the market.

Mediledger project

Launched by LinkLab and Chronicled, the MediLedger project aims to bring together drug manufacturers, retailers, and wholesalers to create a tool that simplifies prescription drugs and makes the process transparent.

The project works in accordance with US regulations (in particular, Drug Supply Chain Security Act, DSCSA). The project team uses the blockchain to build an electronic system for searching and further controlling the distribution of drugs that are sold only by prescription. It is planned that the nodes of the system will be the largest pharmaceutical companies, as well as organizations located at different stages of the drug supply chain and medical institutions.

Throughout 2017, project participants worked out conditions for participation in it that could satisfy different market players. Now that this work is completed, 2018 should be a period of active development.

SimplyVital Health

The team of the SimplyVital Health project launched in February 2017 creates its own electronic audit trail ConnectingCare. This system combines the data of medical organizations. As a result, doctors can access the information stored on the blockchain of patients who, for example, simultaneously visit different doctors in different clinics (for example, an optometrist in one, a dentist in another).

Smart system algorithms generate recommendations for more efficient use of the capabilities of different clinics, so that treatment becomes more convenient for the patient, while maintaining the benefits of medical organizations. As part of the system, clinics receive rewards for working together and achieving positive results.

In addition, the project team is developing its own fork of Ethereum under the name Health Nexus - a protocol “tailored” to the needs of the healthcare industry.

Robomed network

The Robomed Network project is a decentralized medical network created to increase the effectiveness of patient care. Patients and hospitals are combined into a single system through a smart contract, which sets out the treatment options and the desired results. Thus, the patient here pays only for the result of his treatment, and not for the medical process itself - as has always been the case in the insurance and paid medicine industry.

According to Coindesk, approximately 9,000 patients, 30,500 medical organizations providing services for a total of $ 2 million are connected to the Robomed network.

And what interesting medical startups do you know?