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Healthureum unveils first blockchain-based healthcare setup to combat drug traceability

Our Bureau, New Delhi
Friday, February 9, 2018, 13:45 Hrs  [IST]

Estonia-based health-focused startup Healthureum, by strengthening its foothold in Indian market, announced today a blockchain-based 360-degree ecosystem for administering medical care in a reliable and accurate manner.

Blockchain-based healthcare system is a solution to critical challenges that healthcare system has been facing for years now. Healthcare is going to be an ultimate solution to key stakeholders who have been complaining about several issues like transparency, access to information and disparities in treatments. With the help of blockchain, it will be easier to track the transaction nodes between the key participants like drug manufacturers, wholesalers, pharmacists and medical representatives thus securing the product information, combating the problem of counterfeit drugs, thus contributing to overall drug traceability on the smooth road.

Healthureum's platform is designed on the ethereum-based blockchain using smart contract technology to significantly improve efficiency and interoperability of healthcare services. Blockchain technology will help connect all hospitals on a global scale thereby improving the rate at which information is shared between these institutions. Healthureum guarantees full-fledged transparency and clarity that have been missing till date.

Ritu Tyagi, Head of Global Marketing, Healthureum said: “Healthureum as a system ensures 100 per cent access and transparency, which is missing in the present infrastructure of healthcare machinery. We believed drug traceability is the major issue and ever since the rising cases of medical terrorism are there, we believe a system like Healthureum is a blessing since the same will ensure the transparency involved in the blockchain technology will keep a track of every stage of supply chain system and easy drug traceability.”

Healthureum operates on the ethereum blockchain using an ERC20 standard to deploy smart contracts for health-related services. Its innovative platform focuses on six core areas to bring widespread efficiency and transparency, and cost savvy healthcare. Healthureum, the latest fin-tech revolution, is going to gift healthcare with a level of standardisation and scalability that has been an alarming concern for years now.


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