HashCash Joins Healthcare-Focused NFT Project

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HashCash Consultants, a blockchain growth firm, might be collaborating in a brand new non-fungible token (NFT) creation mission involving the healthcare business and peoples’ well being information, in line with a Saturday (April 16) press release.

HashCash stated it’s partnering with a U.Okay.-based firm to discover the concept, though that firm isn’t named within the launch. The idea includes people volunteering to have their well being information made into NFTs, permitting them to share these NFTs with healthcare providers to take part in research or analysis.

Per the discharge, when a person does issues like order a DNA testing package or get a diet plan based mostly on their genetics, they’re sharing information and historical past with these corporations — who can promote the information for analysis functions whereas the unique proprietor doesn’t get something.

HashCash CEO Raj Chowdbury stated that by turning the info into NFTs, the knowledge is connected to a characteristic that may be tracked.

“This may allow you to observe the place your information finally ends up and observe the individuals who maintain the NFT and likewise determine whether it is getting used with out permission,” he stated within the launch.

As well as, the only real proprietor of the knowledge may probably allow a characteristic that pays them each time a transaction is completed by way of the NFT.

PYMNTS wrote that HashCash introduced final yr that it was working alongside a Spanish provide chain firm as a way to substitute its infrastructure with IoT-on-Blockchain structure. In response to the report, the impetus for this was due to the difficulties confronted by provide chains.

Learn extra: HashCash Launches Spanish Supply Chain Project

“It’s turning more and more troublesome to confirm the supply of uncooked supplies and preserve visibility of merchandise and merchandise whereas they’re touring by way of the worth chain community,” the agency stated on the time. “The mixing of the Web of Issues (IoT) allows corporations to look at, observe and monitor merchandise, actions and processes inside their respective worth chain networks.”

The IoT functionalities additionally come together with issues like handy product monitoring and optimizing operations for manufacturing, warehousing and different issues. Chowdbury stated blockchain tech, when built-in with IoT, may also help enhance the effectiveness of provide chains.



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