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Blockchain News

TransCrypts Partners With DWB to store Medical Records On Blockchain

TransCrypts has created a whole new realm in how medical records are stored and accessed by using the Blockchain.

Written By Ritu Lavania
Published 2021-11-12·Updated 8 months ago
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TransCrypts Partners With DWB to store Medical Records On Blockchain

In Brief:

  • TransCrypts has integrated with Doctors Without Borders(DWB) to keep medical records stored on Blockchain
  • With this integration, employees will be given the opportunity to share their data in a way that can be immediately verified.
  • The collaboration will also work towards maintaining privacy and security.

As per reports, TransCrypts has created a whole new realm in the way medical records are stored and accessed by using the Blockchain, which is a decentralized ledger that cannot be tampered with. For this purpose, TransCrypts has integrated with Doctors Without Borders.

By using Blockchain with TransCrypts,  employees are given the opportunity to share their data in a way that can be immediately verified. All of this, while also maintaining privacy and security. 

Until this date, over 6500 immunization records have been stored on the TransCrypts platform as an outcome of this partnership, and this figure is expected to reach 76,000 by 2022. 

Noteworthily, the security of medical records at TransCrypts is second to none. 

The Security Engineer for the company informed that the TransCrypts utilizes IPFS (InterPlanetary File System) Technology, which geo-decentralizes user’s data. Thus,  making it extremely difficult for sensitive data to be hacked or leaked. 

Moreover, this IPFS technology works by breaking a single document into many hundreds of parts, and these parts are scattered in many different geographical locations over the Cloud in the form of encrypted Hashcodes. 

The Security Engineer further explained that a bad actor (Hacker) would have to guess a few things for instance where each part of a file is located throughout the world, also what part of the Hashcodes represent the file. And finally,  the hacker would need to hack into each of hundreds of separate Hashcodes just to gain access to a single file. 

Consequently, the risk of hacking and exposure are minimized in this case as opposed to times when storing it in a single location, as many competitors do.

Zain Zaidi, Chief Executive Officer of TransCrypts, made these observations, “The inability to access a patient’s medical record is a huge barrier in providing medical care in developing nations and is responsible for a tremendous number of preventable deaths. For example, in India, over 700,000 people die every year from the lack of access to a patient’s medical records. A majority of these deaths could have been prevented if physicians had access to a patient’s comprehensive health care records. With this partnership, “Doctors Without Borders” and TransCrypts hopes to build a future where this loss of life can be mitigated.” 

Ali Zaheer, Chief Technology Officer explained that the medical records can be retrieved from any mobile device or computer, with or without an internet connection, by the patient. On top of this, it can be easily shared with the medical care professional and verified just instantaneously. 

He further elaborated saying that this is made possible because these documents are stored decentrally so that they meet the highest security and privacy standards for medical document storage.

Of late, Blockchain Technology has been making its mark in diversified domains. For instance, MDS, a Medical Service company in  Mexico had used blockchain technology for covid-19 testing service to verify and check the authenticity of test results in order to make the process flexible and secure.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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