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MediLiVes Healthcare Platform Launches App

MediLiVes, the innovative healthcare platform based on AI and Blockchain technology, is to launch its App on Saturday 16th November in London. MediLiVes is disrupting the USD 10 million diagnostic industry by partnering with medical practitioners and patients on a single digital platform.

At the core of the MediLiVes solution is the ability to prevent possible catastrophic medical emergencies through regular diagnostic checkups. Working with different healthcare organizations the MediLiVes platform can monitor and store critical patient data. The App is capable of recognizing more than 20 different irregularities in ECG signals making the diagnosis of serious conditions significantly faster.

Using Telemedicine, MediLiVes can reduce the cost of access to personal medical data for algorithmic medical examination models. It also solves the issue of patients not having access to their own data, typically a patient may have data in a number of different silos; hospital, clinics, doctors, surgery, etc, but not be able to amalgamate them when necessary.

Founder and CEO Sunny Ahonsi, came up with the idea for MediLiVes after a disastrous A&E experience in London with his son. “We attended a very busy A&E department for more than ten hours before we were finally seen by the overworked medical staff. It turned out my son was not in any danger, was diagnosed in less than a minute and sent home. This was my aha moment.”

The aha moment crystallized in MediLiVes where telemedicine, underpinned by AI and Blockchain technology, can make a real difference in both preventative and reactive medicine. Users of the App can sign up for a year at a cost from USD 30 which allows for unlimited access to diagnostic readings of their data which in turn in stored on the App. Should a user feel unwell or wish for an actual consultation, then they can request access to a real medical officer, using filters such as medical specialty and geographic location.

“MediLiVes is like Uber for medicine-The The Uberization of Healthcare,” says Ahonsi. “People can reach out to medical staff when they need it – regardless of their location. This also reduces costs and even more importantly, access to medical care no matter where you fall sick. “

The task on onboarding medical staff is prioritized by strict criteria. All medical officers have to provide their country registered number and in-country medical certificate. This accreditation is checked on a three-month basis to ensure there is no change in practicing status.

“Telemedicine that enables a patient’s health condition to be monitored from a distance is one of the fastest growing industries in the world,” added Ahonsi. “The versatile nature of our core product means that it can find abnormalities not only in cardiology but also in diabetes, dietetics, civilization diseases, and chronic illnesses.”

Currently, there are more than 50,000 communities ready to start using the App, which is free to download. Ahonsi expects that to grow to 200,000 in several months.

To attend the event, please register here https://www.eventbrite.co.uk/e/blockchain-in-healthcare-tickets-78259280615

To find out more, please visit here https://medilives.io/en

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Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

With 27 mainland Chinese cities on lockdown, insurance providers have been relying on blockchain technology to fast track claims payouts during the coronavirus outbreak,which has taken over 800 lives, surpassing the death toll of the severe acute respiratory syndrome (SARS) in 2003.

Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is a “collective claims-sharing mechanism built on blockchain that offers basic health plans to its 104 million participants.” Most of its users are Chinese citizens from lower-tier cities, and in rural areas. By utilizing blockchain technology, settlements have been made more efficient, and fraudulent claims have been reduced.

The platform is also available on Alipay, another product owned by Ant Financial. The payout for coronavirus claims will be funded with Ant Finacial’s capital, apart from the other 100 critical illnesses that the users of the Xiang Hu Bao are eligible for.

According to the South China Morning Post, an Ant Financial representative from Beijing said,“Xiang Hu Bao has been able to process claims and make payouts to participants quicker, due to the decentralized, trust-free nature of blockchain technology. Claim applicants can submit their supporting documents as evidence while investigation firms can get immediate access to them on the blockchain. All parties involved can see the entire process.”

Blue Cross: Helping to ease pressure on healthcare services in Hong Kong

With over 30 confirmed cases in Hong Kong and one death, Blue Cross Asia Pacific Insurance, a subsidiary of the Bank of East Asia has been shortening the time spent on data verification. Its blockchain-based platform, which is able to handle more than 1,000 concurrent transactions in one second without human interaction has been helping to ease pressure on healthcare services in Hong Kong.

The platform has been launched since April 2019, there has been a record of double-digit growth of the number of policyholders using the app. By helping medical service providers to reduce the time spent on administrative duties, blockchain has been proven to be essential during the Wuhan coronavirus outbreak.

“Our blockchain-backed claims service has played a key role during the outbreak of the coronavirus by totally eliminating the paper process and the need for back-and-forth documents delivering to clinics. This really helps to mitigate the risk of infection from face-to-face contact,” said Patrick Wan, Managing Director of Blue Cross.

Insurance and blockchain go hand in hand

CB Insights Research indicated that although it is too early to tell whether blockchain technology can overcome the “legal and regulatory hurdles” to be adopted in the insurance industry, the “possibilities are endless, and insurance companies and startups alike are exploring insurance applications for the technology at full throttle.”

Insurance fraud has been costing the industry $40 billion a year, leading to higher premiums and worse coverage for consumers. By moving insurance claims from paper contracts onto a distributed and immutable ledger, blockchain can enable the elimination of fraud in the industry, which has been costing $40 billion a year.

Etherisc is a blockchain-based insurance product, powered by smart contracts, which was launched in October 2017, allowing passengers to purchase travel insurance using cryptocurrency or fiat (USD and Euros). Payouts were automatically transferred to the participants after a qualifying incident.

Blockchain used for coronavirus donations

Chinese conglomerate Alibaba starteda $144 million fund to purchase medical supplies for Wuhan, the city of the epicenter of the outbreak while offering AI computing power to research organizations for creating vaccines and treatments. Tencent also created a $42.7 million fund for medical supplies to be used in Wuhan.

However, there has been concern that the millions of dollars being donated for the public, as well as the protective equipment, are not being put to use where needed, and it has been reportedthat the equipment has been misdirected.

According to Syren Johnstone, an academic at the University of Hong Kong, a private blockchain network would “enable the recording and tracking of anything that is donated, from donation dollars to N95 masks.” By holding the person or organization accountable, donations for delivery could be tracked from the donor all the way to its final-use. Blockchain would also enable transparency for the general public to understand how their donations have been used and its progress. While a private blockchain is strictly controlled, it can also allow for public transparency for donors and donees, as well as authorities.

Major US Hospitals Test Blockchain Platform to Streamline Operations

University Hospitals, an American doctors’ network and medical delivery organization has partnered with Axuall, a verification company, to explore blockchain technology in an extensive, nation-wide, medical-related project.

Hospitals get a blockchain boost

As Crains Cleveland reported, the effort will research blockchain technology and its deployment in mechanisms affecting timely healthcare delivery to patients, specifically the creation of workflows and dispatch times. The joint project hopes to reduce the time it takes to connect qualified medical personnel with the growing demand from patients.

Early work on the project began in 2019 when blockchain technology was selected to improve how healthcare systems attract staff and verify their credentials. Axuall, one half of the partnership, handles the sharing and managing of authenticated medical credentials, and a blockchain system can greatly benefit the firm in meeting its goals.

Three pilot phases have been chalked out in total, with the first of such finished in February. The other phases require approval from US government bodies and medical regulators, which are “expected to be completed in the summer.”

Further pilots for the blockchain platform will explore and measure compliance, workflow selection and integration, and deployment gains. In addition, hospitals across the US will participate in beta-tests for the exercise, bringing the benefits of distributed computing to thousands.

Axuall CEO Charlie Lougheed said, “As US health systems struggle to meet patient demand, expanding delivery channels and financial objectives, the efficient deployment of their clinical workforce becomes increasingly critical.”

He added global pandemics, such as the ongoing COVID-19 medical crisis, adds to the need for a more “elastic” and well-connected medical workforce. Advancements in technology, such as blockchain, help meet this gap and improve an organization’s ability to “serve their communities” while ensuring efficiency in the overall process.

Blockchain in medical sciences is flourishing

The release noted blockchain technology is being increasingly deployed to improve the administration of timely healthcare facilities, bolster medical supply chain safety, and increase optimization of revenues.

Verification of physicians takes three or four months, the release notes. In this regard, blockchains help quicken the process by ensuring verification comes from “authorized” sources and have been untampered with, eliminating the need for a “time-consuming manual intervention.”

“The time and cost to traditionally credential a practitioner wastes resources – it idles the provider; it stalls vital revenue-producing activities and limits throughput, David Sylvan, president of UH Ventures, concluded, adding, “University Hospitals is excited to pilot Axuall’s novel and potentially game-changing technology.”

Efforts related to blockchain-based medical solutions have been conducted previously. In January 2020, as Blockchain.News reported, the Seoul Medical launch a blockchain-enabled medical information mobile app dubbed Seoul Care, helping patients plan medical treatments, look up prescription details, and check test results using their smartphones.

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