UK’s Top Blockchain Startups in the Healthcare Industry
Many sectors are being disrupted by blockchain technology. IBM, the world’s largest technology company, has invested more than $200 million in research into the technology. In addition, more than 90% of European and US banks are investigating blockchain options, according to a recent study. Healthcare, government, banking, insurance, and personal identity security are just a few of the many industries that could benefit from this new technology.
These health blockchain startups in the UK are some of the best examples of how blockchain might improve healthcare. However, there are also well-known brands that have jumped on board with the blockchain revolution. Everyone on our list, however, is demonstrating that blockchain can be used to improve healthcare in the future.
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Genomes
In order to ask questions about a person’s genetic code without disclosing it to others, Genomes is one of the blockchain startups meant to store their entire genome sequence securely and privately. Systems can do computations on private data using Ethereum and Blockchain without revealing everything about the data except the result.
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Medicalchain
It is possible to store electronic health records using blockchain technology. To access the data, patients are given a private key that only they have access to. The data hacked will be unintelligible without the secret key, making the network more secure. Patient wearable devices, doctor’s notes, medical scans, medical dispensation, and other sources of data can all contribute to the data provided by the network as a whole.
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FarmaTrust
FarmaTrust is one of the top blockchain healthcare startups. In the pharmaceutical and healthcare industries, FarmaTrust provides blockchain and artificial intelligence-based provenance solutions using blockchain technology. Smart contracts are used to automate operations and assure data integrity and audibility by creating immutable records. The pharmaceutical industry, wholesalers and distributors, as well as governments, regulators, non-governmental organisations (NGOs), and laboratories, are some of our clients.
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AHA Health
Have a look at another UK blockchain startup. It is possible to use an app from AHA Health to estimate your health risks. In addition to data from questionnaires and medical equipment and wearables, the app also collects health-related data from healthcare practitioners. The health monitoring engine then analyses the data to look for any anomalies and notifies the user, caregiver, or doctor based on clinically approved algorithms and personalised monitoring parameters established by the Doctors themselves. Doctors and patients alike can benefit from the programme, which helps them identify their health risks and monitor disease progression.
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CityMaas
People with limited mobility in smart cities can now enjoy digitally optimised, efficient travel thanks to a self-adaptive platform built by CityMaas. It uses a third-party blockchain protocol (iomob) to secure user data by matching their requirements with vehicles that are properly educated and equipped. Machine learning is used to understand the habits of a user and increase their ability to meet their travel needs. It was part of the East London Allia Serious Impact programme as well as the Microsoft AI for Good programme that CityMaas was born out of. Awards like the Techpreneurs Women in Tech 2019 and the European Startup Prize for Mobility have been given to the company.
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Metadvice
Provider of an AI-based clinical decision-making tool for healthcare professionals. Healthcare guidelines and AI-based evaluations of past clinical decisions are combined in the platform for precision medicine. The data’s access rights are managed using blockchain technology. The cloud-based platform can be utilised to get insights into clinical decision-making using AI algorithms by patients, clinicians, diagnostic firms, and health system partners.
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State on Demand
State On Demand is a web-based service that offers nutritional guidance and educational videos for health and well-being. Neurostimulation can be performed with the help of a smartphone app powered by artificial intelligence (AI). An additional feature of the app is a diet plan and a wellness video that aids in sleep and meditation in addition to boosting productivity in the workplace.
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HealthReady
Individuals and researchers can use this cloud-based clinical trial participant recruitment platform. Using blockchain technology, the company has created an online platform that allows people to search for clinical trials and apply to participate in them. Researchers and contract research organisations (CROs) can use the application to contact potential participants in clinical trials. Among the system’s features are tools for matching qualified participants, real-time health monitoring, a patient and researcher portal, and an authentication method.
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Conclusion
This new technology, known as the blockchain, has the potential to improve the security of the healthcare sector. To facilitate speedier data transmission across a wide range of healthcare applications, the top 10 startups listed above are using blockchain technology to enhance electronic Health Information Exchange (HIE). Patients can choose to disclose specific medical data on an anonymous basis with a blockchain for a specified amount of time. Consent-based patient data exchange is possible if blockchains are constructed with the right design and company. It’s important to keep in mind that these blockchain-based businesses can supply current information and only enable those with a legitimate need-to-know access. Companies like this have the ability to revolutionise the world because of blockchain technology. We hope you liked this article on blockchain startups in London.
