Blockchain-based healthcare platform to present decentralized well being knowledge administration companies to Mongolian insurance coverage supplier
SEOUL, South Korea, December 09, 2021–(BUSINESS WIRE)–DEVITA Global (“DEVITA”) along with the Bodi Insurance Group (“Bodi Insurance”) have agreed on a cooperation partnership for the joint improvement of a decentralized well being knowledge sharing economic system by using blockchain expertise to create a community of belief on which platform individuals, characterised as both “Data Owner” or “Data User”, can securely retailer and alternate private well being knowledge.
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DEVITA Global Co-Founder, Joseph Lee, joins palms with Bodi Insurance CEO, B. Zolbayar. (Photo: Business Wire)
This settlement comes at a time when the worldwide medical health insurance sector faces a main knowledge administration disaster, which has solely accentuated increased demand for high-quality, auditable, and dependable well being knowledge. After all, knowledge is the lifeline of healthcare at this time, with dependable and censorship-resistant exchanges essential to high quality and effectivity.
DEVITA’s decentralized well being knowledge sharing economic system allows Data Owners to revenue from offering their private well being data to the Decentralized Health Database or by way of the sale of their knowledge on the DEVITA Marketplace to Data Users who require the acquisition of untampered well being knowledge collected by way of dependable means. Data is straight sourced from the sufferers and securely recorded to an immutable and interconnected decentralized ledger, made obtainable on a permission foundation to Data Users for analysis, market evaluation, or within the case of insurance coverage corporations, particularly, Bodi Insurance, to achieve correct and dependable perception about people’ well being data within the analysis of well being dangers.
Commenting on the partnership with DEVITA, B. Zolbayar (CEO of Bodi Insurance) remarks: ‘We are delighted as this (DEVITA) presents a approach to reliably, securely, and effectively supply high-quality private well being knowledge straight from the info house owners in our analysis of well being dangers to yield cost-effective insurance coverage merchandise for our shoppers.”
Bodi Insurance, established in 1995, has consistently delivered cost-efficient insurance services in Mongolia, nationwide, through its 26 branches located in 330 soums of 21 provinces. Bodi Insurance is Mongolia’s official representative of the French multinational insurance firm, AXA, and consists of over 200 employees and 800 representatives from the Bank Insurance Network to provide both local and international health insurance. Annual sales of Bodi + AXA Insurance products yield 3 Billion MNT or $1 Million USD and much of this success has been attributed to readily available and reliable national census data for the creation of tailored insurance products, localized to fit the needs of the Mongolian people.
Since 2020, Bodi Insurance has fervently advocated the full-on digitization of the Mongolian health insurance sector in order to remain globally competitive. The latest implementation of blockchain technology through DEVITA’s proprietary decentralized data management system for the acquisition of high quality, auditable, and reliable health data demonstrates the company’s commitment to applying the latest digital technologies to solve systemic inefficiencies prevalent in legacy healthcare and delivering high quality insurance products to its customers.
Joseph Lee, Co-founder of DEVITA, states, “DEVITA facilitates the safe peer-to-peer alternate of private well being knowledge in real-time and at a fraction of the price in contrast to well being data exchanges and digital well being file service suppliers. Championing healthcare inclusion and upholding international knowledge administration and privateness requirements, together with GDPR and HIPPA, DEVITA proffers a suite of digital healthcare companies to guarantee dependable well being knowledge is available to all those that repeatedly attempt to improve our lives.”
The first step to fixing the issue of well being knowledge administration is figuring out the reliability of the info supply. DEVITA’s proprietary decentralized identification answer, ONE-ID, verifies healthcare knowledge sources and locations, permitting the safe and dependable knowledge alternate between trusted events, together with sufferers, physicians, well being suppliers, pharmaceutical, insurance coverage, and different healthcare enterprises. The partnership between DEVITA and Bodi Insurance marks a important milestone as the primary use case of DEVITA’s blockchain answer to the healthcare trade.
DEVITA’s core options embody a telehealth service for wider-reaching entry to healthcare companies, coupled with a well being knowledge market and a decentralized well being database with a proprietary decentralized identifier of verifiable credentials, ONE-ID. The native platform token, LIFE, fuels person engagement throughout all options.
For extra details about DEVITA, please go to https://www.devita.global or https://bodi-insurance.com for Bodi Insurance. Please additionally be part of your native DEVITA telegram group by way of the hyperlinks supplied right here for our newest developments: Mongolia, Korea, English.
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Contacts
Taeshin Yun
press@devita.international