The Bitfury Group and Longenesis have announced a partnership with Medical Diagnostics Web (MDW) to bring some of the best implementations in blockchain technology to MDW’s growing radiology marketplace.
The companies said the partnership between Bitfury, the blockchain technology company, Longenesis, a startup that merges AI and blockchain, and MDW radiology marketplace will create a next-generation platform for maintaining, sharing and securing medical imaging and diagnostics data.
MDW is a radiology blockchain platform designed to connect all players in the medical imaging ecosystem to create an open and transparent marketplace for image interpretation. It allows radiologists to contract with imaging facilities and securely share patient data and medical images such as X-rays or CT scans for interpretation.
The combination of new technologies, built on Bitfury’s Exonum™ private blockchain framework, takes the security of sensitive medical information to the next level. It will provide users with a more robust and discrete environment, while allowing transactions to be validated by nodes installed at a variety of respected sites, using “anchoring” technology to increase trust in recorded transactions.
Longenesis’ data management practices will ensure that medical data, while recorded transparently via blockchain, is accessible only by authorised parties in full compliance with HIPAA, GDPR and ‘right to forget’.
“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,” said Valery Vavilov, CEO of Bitfury.
“The digitisation of trust that blockchain offers, paired with the medical potential of AI algorithms, has the ability to revitalise medical systems all over the world.”
This new infrastructure, with baked-in data anonymisation, advanced encryption and user permissioning, complements MDW’s existing immutable blockchain audit trails and tamper-proof records of patient data that create safe and transparent way for users to exchange data and increase care quality, while improving efficiency and interoperability along the care continuum.
“We at Longenesis welcome how the medical data management industry is adopting new approaches in data storage and analytics by leveraging both the ultimate trust offered by blockchain and AI-powered data insights, allowing users to extract more value from data sets,” said Garri Zmudze, CEO of Longenesis.
“A complete life data storage ecosystem should be transparent, smart and equipped with advanced cryptography tools. Thus, this is the blend we are building.”
The MDW marketplace is already successfully enabling radiology stakeholders to forge new business relationships. Radiologists enjoy immediate compensation for services, while radiology groups can access as-needed resources to boost reading volume, decrease exam turn-around-time and attract new clients. AI companies benefit through access to the highly specialised annotated imaging datasets and raw imaging data required to train and validate algorithms.
“A partnership with these industry innovators will enable MDW marketplace to provide the most advanced healthcare blockchain technology available today,” said Michael Averbach, MDW CEO and co-founder.
“Our new hybrid private/public blockchain will provide the best of both worlds – a transparent and flexible yet protected and secure environment for medical data. We believe that together our advanced technologies will pave the way for a new quality standard in healthcare blockchain.”