NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Emrify: Blockchain Powered Healthcare Innovation

NewsBTC
NewsBTC
7 years ago
4 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Scientific advancements and the implementation of latest technology has changed the landscape of healthcare. While the concept of personalized medicine and other cutting-edge treatments turns into reality, there is a lot left to be desired when it comes to managing medical data and patient information.

The Healthcare Information Technology presently implemented across the world is broken, irrespective of whether they are used by the government or privately-run hospitals. According to reports, the existing health information technology infrastructure in US hospitals suffer a severe lag that puts it behind every other industry segment by at least a decade, both in terms of hardware and software architecture.

The Electronic Medical Records (EMR), a crucial element in healthcare technology stores personal health information and patient records. The use of outdated technology has put the private information of millions of patients in jeopardy. There have been numerous instances where hospitals and insurance systems have come under attack, crippling the entire system for days while compromising health records in the process. The latest such attack, etched in everyone’ minds is the WannaCry ransomware, that locked computers in more than 150 countries.

To make things worse, the vital healthcare data we pay hospitals and doctors to collect also presents a strong case of double spendings such as duplicate blood test and MRI scans, which end up sitting in silos and fragmented across disparate systems.

Within the next five to ten years, healthcare will be going through a major transformation, led by the consumer. Disruption is coming to healthcare one way or another. Combined with new care delivery services such as remote monitoring, telemedicine, doctor-on-demand, and population health, a new platform must be created to coordinate health information exchange in open, fluid, and secure manner anywhere in the world.

Time Has Come for the Healthcare Industry to Incorporate Blockchain Technology

Emrify is a healthcare industry innovator with products such as the Personal Health Record (PHR), Drug Facts and Clinical Trials mobile application with thousands of users. Emrify embraces emerging technology and is not shy about showcasing it. They are a frequent participant in health hackathons, with multiple wins under their belt. These events offer a platform for Emrify to showcase new solutions while maintaining a deep understanding of the challenges at hand.

Emrify has constantly been working to identify the cracks in the healthcare industry, to solve the problem of interoperability. The rise of blockchain technology represents a pivotal moment to fix healthcare once and for all. The decentralized model has come to be the focal point for every stakeholder in the entire continuum of health services, especially the unique properties of the Ethereum network which allows, for the first time, for data to be owned and controlled by an individual.

On the one hand, the consensus algorithm used in blockchain based platforms enable the decentralized mechanism to distribute power to the people. While on the other, the same technology can be used to secure identities for privacy and security. Both these qualities are instrumental for the better handling of patient information within the healthcare system.

Leveraging on the technology, Emrify is launching a decentralized Personal Health Record platform. Built over Ethereum blockchain and powered by its native token, the platform aims to collect and lock the healthcare data of users in a secure environment. Users on the platform enjoy complete ownership and control over their data, and they can decide whom they wish to share it with. At the same time, the crypto-economics model surrounding the platform is designed to incentivize data sharing for all parties.

Rising Value of Health Data

The Emrify Health Passport platform is powered by HIT tokens, which stands for Health Information Transfer) and acts as the mode of value exchange within the ecosystem. By strengthening the economy around healthcare data, the HIT tokens stand to create a healthy network effect, which helps in creating more value as the amount of data available for analysis continue to grow.

Healthcare data has over recent years gained the attention of various healthcare stakeholder including providers, insurance, employers, researchers, government, and pharmaceutical companies, given the growing popularity of wearable and increasingly affordable genome sequencing. In the past, companies like IMS Health has been getting rich off the medical data of the public by running a matching algorithm to sell to big pharmaceuticals. Currently, the industry’s major players include the likes of IBM Watson and Google Verily project Baseline, all of which are prime examples of rising value in health data. For the consumer, trust has been broken as they want to free the data and gain more control.

Blockchain Summit, Dubai Blockchain Award

The time has never been better for a PHR platform to connect all the players in the healthcare industry and move the whole segment towards a better future. Emrify will include economic incentives for everyone to grow the ecosystem from day one. For stakeholders, Emrify will provide a trusted place to collect healthcare data straight from the source.

The platform has the potential to alleviate some of the shortcomings in the existing system, like the $80 billion annual cost of insurance fraud by enhancing the claim verification mechanism. Similarly, it helps individuals protect their own data while choosing to share or sell it to others on their own terms.

Emrify recently participated in the Blockchain Summit, Dubai Blockchain Awards, where they presented a pitch on solutions for sharing emergency health information. Emrify is also entering into a partnership with Encrypgen, which provides next-generation blockchain security for the protection, sharing and re-marketing of genomic data.

More information about Emrify is available at – https://www.emrify.com/ .

Tweet123Share231ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

SpacePay's Decentralized Payment Model: Why $1.1M in Presale Backs User Control

SpacePay’s Decentralized Payment Model: Why $1.1M in Presale Backs User Control

SpacePay has raised $1.1 million in its presale at $0.003181 per token by maintaining true decentralization throughout its payment system....

ericdunne519 5 days ago
With real audits, locked liquidity, and viral buzz, Future Pepe may be the meme coin 2025 has been waiting for.

Future Pepe Presale Gains Momentum as UK Investors Embrace Audited Meme Coin

After months of overhyped launches and disappointing returns, UK-based crypto traders are turning their attention to Future Pepe—a presale-stage meme...

ericdunne519 1 week ago
Top Crypto Presale to Watch? Bitcoin Hyper Raises $300K With Speed and Staking Power

Top Crypto Presale to Watch? Bitcoin Hyper Raises $300K With Speed and Staking Power

Bitcoin transactions feel like watching paint dry. Wait forever for confirmation, then pay crazy fees on top of it. That’s...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

How Artificial Intelligence in 2025 Helps You Achieve Financial Freedom?

NewsBTC 9 hours ago
Bitcoin Hyper Might Be the Solana of BTC – But Still in Early Presale

Bitcoin Hyper Might Be the Solana of BTC  – But Still in Early Presale

ericdunne519 4 days ago
Meme Coin Shakeup in 2025? Future Pepe’s AI Could Outpace PEPE, WIF, and Shiba Inu

Meme Coin Shakeup in 2025? Future Pepe’s AI Could Outpace PEPE, WIF, and Shiba Inu

ericdunne519 4 days ago

Premium Sponsors

Top Brands

Press Releases

  • ETHRANSACTION Cloud Mining Will Help You Earn $0 to...

    10 hours ago
  • アルトコイン急落時に注目すべき買いのチャンス|BNB・XRP・SOL・新ミームコインも登場

    ...

    13 hours ago
  • ソラナ基盤の注目プリセールが4,900万ドル調達、仮想通貨投資家にとってローンチ前の最後の購入チャンス

    ...

    14 hours ago
  • ドイツ企業が初のビットコイン準備資産化|今後仮想通貨1000倍が狙える注目の3銘柄

    ...

    14 hours ago
  • ico仮想通貨で再挑戦|900Kドルを集めた新プロジェクトが次の波に?

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.