In South Korea, Longenesis and a biotech firm called Insilico Medicine, are working together to create a Blockchain-powered medical records storage system. The objective is to improve the collection, storage, and retrieval of data, but most importantly ensure this is all carried out in a transparent way with patient consent. This new service will enable patients to have control over their data and aims to be compliant with the General Data Protection Regulations (GDPR).
This is not the first case of implementing Blockchain for medical records in South Korea. The Seoul Medical Centre has announced earlier this year it would create a Blockchain-based platform as part of a “Smart Hospital” project it was running with the Korean Ministry of Science and ICT.
Asia is increasingly becoming more and more important for tech-innovation and the implementation of Blockchain as well as other technologies. South Korea is investing huge amounts into the development of Blockchain technology, becoming one of the countries with the highest rate of Blockchain usage.
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