Bitfury, Longenesis and Medical Diagnostic Web partner to develop next-generation healthcare blockchain

Blockchain startup Bitfury and Longenesis, Bitfury’s joint venture with artificial intelligence-focused company Insilico Medicine, have partnered with Medical Diagnostic Web (MDW), a radiology blockchain marketplace.

MDW is a radiology blockchain platform that connects 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 and CT scans for interpretation.

Under the partnership, the entities will work together to create a next-generation platform for maintaining, sharing and securing medical imaging and diagnostic data.

“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 digitization of trust that blockchain offers, paired with the medical potential of AI algorithms, has the ability to revitalize medical systems all over the world.”

According to the official release, the new infrastructure will be built on Bitfury’s Exonum private blockchain framework. It will provide users with a more robust and discrete environment, while allowing transactions to be validated by nodes installed at various sites, using “anchoring” technology to increase trust in recorded transactions.

Furthermore, Longenesis’ state-of-the-art data management practices will ensure that medical data, while recorded transparently via blockchain, is accessible only by authorized parties in full compliance with HIPAA, GDPR and “right to forget.”

“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.”