HealthChain is utilizing blockchain technology to revolutionize the medical device industry. By using blockchain to facilitate better collaboration between medical device companies and hospitals around the common goal of reliable and timely delivery of devices to patients. HealthChain solves the problem of the outdated, time sensitive and expensive medical device supply chain currently in place.
HealthChain aims to achieve privacy-preserving for intelligent medical systems, and the goals are the following:
Network participants have 24/7 real-time access to data records.
All data records are immutable.
All data records are sequenced and traceable to prior related data.
All supply chain counterparties can be held accountable through a permanent immutable record.
Smart contracts, including automatic reordering, minimize supply chain friction enhancing efficiency and costs.
Hospital, suppliers and the healthcare system as a whole save costs by improving processes and product utilization.