Sunday, April 11, 2021

VeChain (VET) Partners with Australian-based Health Firm for Decentralized Solution in Health Care

Verida Health, an Australian-based firm, has announced its partnership with VeChain (VET), for a transparent and reliable way of managing the data of its patients, using blockchain solutions provided by VeChain.

Verida Health made this known via its official Twitter handle a couple of days ago. Through the partnership, the health firm will be able to leverage VeChainThor blockchain solution that is capable of serving it perfectly better.

Verida Health shared this, “We’re pleased to announce that Verida_io has spun out a new enterprise focused on decentralised health care technology!”

According to the information made available by Verida Health, there is a growing demand for forgery-proof health data in Australia, to curb the persistent cases of fraud in the past. Patients supposed to have full control over their personal data, where VeChain is expected to come in.

Why it’s Necessary for Verida Health to Partner VeChain (VET)

Verida Health is a decentralized open-source platform that offers solutions for companies in the healthcare sector.

Also, Verida provides a decentralized Electronic Patient Record (EMR), giving hospitals the means to manage their patients’ health data reliably and easily.

The health firm encrypts data using blockchain, to give patients full right to decide for themselves whether medical staffs should have access to their health data.

These data are recorded and stored in a tamper-proof manner, using blockchain technology. The health firm also added that there’s a partition called COVID-19 Verifiable Credentials, developed to store patients’ information after the breakout of coronavirus pandemic.

So, the partnership with VeChain (VET) is expected to enhance and raise the quality of service delivery of Verida Health, to make patients trust their hospitals on how their data are stored, distributed, and used.

Meanwhile, VeChain (VET) was able to seal a partnership with a pharmaceutical giant Bayer, to build a traceability solution named “Csecure” for clinical studies.

The new platform was formed to bring improvement to drug supply management in clinical trials. All these recent developments put together indicate the adoption of blockchain technology through VeChain (VET) solutions.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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