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Authentication of Medicinal Products Made Possible by Blockchain Technology

Kadena, a blockchain network, has partnered with Rymedi, a healthcare data platform provider, to validate the quality of medicinal products via blockchain.

Through the strategic collaboration, Rymedi will offer its prowess in the healthcare spectrum by capturing, tracking, and sharing data via Kadena’s blockchain technology about medicinal products.

Rymedi’s CEO, David Stefanich, noted: “With their deep experience in financial markets and transaction data, Kadena is a uniquely aligned partner for us. With several use cases already live around the world, we’re making plans to broaden our partnership and offer even more value to our customers across healthcare data-silos.”

Rymedi is involved in various global projects. For instance, this firm is currently working with the World Health Organization in Mongolia to enable it to emerge as the first nation to eradicate Hepatitis C by 2020.

Nearly 8.5% of the Mongolian population has Hepatitis C, and Rymedi has been deploying Kadena’s blockchain technology to assist in the vaccination process.

Some of the medicinal products being currently tracked by Rymedi and Kadena include antibiotics, Hepatitis C cures, cancer treatments, CBD products, kidney dialysis, HIV treatments, and neonatal pulmonary treatments. Deployments are happening in Kenya, Mongolia, and the USA, and they are expected to be extended to various Caribbean and Central American countries.

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JPMorgan Blockchain Spin-Off Kadena Releases Blockchain-Based App that Verifies Coronavirus Tests

According to the World Health Organization (WHO), there have been more than 9 million COVID-19 cases around the world and over 473,000 deaths as of press time. In light of the recent global crisis, the most important and highly anticipated medical milestone in the world today is the discovery of the COVID-19 vaccine.

COVID-19 testing remains one of the most stressed medical lab procedures today; pressurized with an unanticipated virus that threw our world into a pandemic. Some businesses are looking at integrating emerging technologies such as blockchain to fight the coronavirus.

Magic of the modern ages: Kadena

Kadena LLC, JPMorgan’s blockchain spin-off, provides an independent blockchain network, that could be used to run coronavirus tests. Kadena was the first blockchain company to come out of JP Morgan’s Blockchain Center for Excellence and announced the full launch of its public blockchain in January 2020.

The company’s distributed app (Dapp) will be used to confirm the authenticity of coronavirus tests by using QR codes to track the kits from the manufacturer to the healthcare provider. The medical personnel can then use the QR code, the test kit information, and the patient’s test results to create a patient’s record. This record can be stored on Kadena’s blockchain which can be accessed anywhere.

In addition to ensuring data integrity, the Kadena App will also help researchers, academics, and government officials to understand the demographics of the spread of the disease. The Dapp is already available on Kadena’s testnet, and users with no prior knowledge of blockchain technology can use the app, developers who want to access the data stored on it can do so as well without using Kadena’s tokens or wallet.

Towards a COVID-19 free world

With the alarming rate of new cases, technological advancements have been emerging to help governments to detect new and record new cases. Chinese President Xi Jinping previously suggested that the fight against the new virus has highlighted the need for a better governance mechanism, suggesting blockchain technology should be integrated into the existing system to gain better insights into social circumstances.

The Public Health Blockchain Consortium (PHBC) has announced the launch of a monitoring blockchain aimed to verify communities and workplaces that are free from the coronavirus COVID-19, as well as other high-risk viruses, bacteria, and fungi. The Consortium consists of health authorities, universities, healthcare providers, and innovators who aim to collect and store anonymous health data on the blockchain, to improve the lives of people in the world. The blockchain monitor would help identify safe zones where there have been no confirmed cases of the coronavirus.

Kadena Protocol Launches $100m for Web3 Grants Initiative

Kadena Protocol, a scalable Layer-1 blockchain network, has announced the launch of a $100 million Web3.0 grant to power the growth of innovative startups looking to build on the network.

According to a blog post shared by Francesco Melpignano, the Chief Executive Officer of Kadena Eco, the application for the grant is now ongoing and the funds will be deployed to fund both small and big projects that are ready to innovate on the Kadena blockchain. Projects looking to build gaming, metaverse, DeFi, and NFT-related solutions are of particular interest to the grant.

“Kadena Eco exists to empower builders to create new projects that transform the world. To realize this mission, we’re doubling down on our growing community by deploying capital towards the long-term sustainability of our ecosystem,” Melpignano said. “Kadena Eco grants will be applied to projects big and small, enabling builders of all backgrounds to succeed on Kadena. With our network of technology experts and strategic partners, we’re here to support builders every step of the way.”

While Kadena’s grant is not different from those of its peers like the ecosystem fund floated by Avalanche and Binance, Melpignano said gaining access to this grant can open more doors to the platform’s incubators and other programs designed to assist young developers to fulfil their potentials.

As unveiled, the selection criteria for the Kadena Web3 grant is hinged on the technical strength of the application, details of the specifications, the experience of the team, and the adjudged usefulness of the project to the Kadena ecosystem.

With the calls for applications out, Melpignano said projects that end up benefiting from the grants will have to work under the “Build in the Open” philosophy. This philosophy mandates developers connected to the Kadena network to contribute content, codes, tutorials and product explainers on relevant channels connected with the protocol.

In all, the Kadena team is open to mentoring the next generation of leaders that will innovate to connect the world with the blockchain ecosystem, and one of the ways it is doing this is through the newly launched grant.