February 27, 2024

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HKSTP incubatee launches blockchain platform

According to a recent report, a blockchain-focused HKSTP incubatee launched Mediflow, its latest blockchain based application.

According to the press release, in collaboration with the top healthcare providers and insurance companies in the region, leading enterprise blockchain developer is unravelling the latest innovation in the health and insurance sector, the e-Mediflow or EBT.

The EBT system promises unprecedented levels of trust and shared communications within the health and insurance industries, bringing huge benefits for businesses that align with the core interests of patients: general data protection.

The platform has been designed to address claim management for the medical insurance sector by securely connecting insurance companies and medical practitioners.

The service aims to help save costs, eliminate cross-border duplicated claims and provide reliable and up-to-date patient information to medical institutions and insurance companies.

The company’s blockchain and cryptographic technologies will allow patients to take control of their own electronic health records.

The platform received three awards from last year’s AIA Blockchain Challenge and won the Hong Kong Championship of the 2018 Zurich Insurance Global Innovation Competition.

In addition to the platform, the incubatee provides services including consulting for enterprises on how to use blockchain technology and develop blockchain components. The company specializes in digital identity management, insurance technology and notary network services.

The HKSTP incubatee offers various courses in blockchain technology, from introductory courses to business strategy and developer-focused courses, as well as prototyping assistance and professional services.

According to the press release and to reiterate, the platform enables patients to obtain control over their own electronic health. Moreover, their safety and reliability are secured by the incubatee’s proprietary blockchain and cryptography technology.

The EBT is compliant with the most stringent interpretation of the immensely-influential EU GDPR (General Data Protection Regulation of the European Union) that came into effect earlier this year, setting an example for preventing the compromising of valuable customer data, and ultimately their privacy.

The platform also opens a direct channel of communication and co-operation between insurance companies and medical practitioners to directly process claims, expedite claims approval, save costs, eliminate cross-border duplicated claims, and provide reliable and relevant on-demand patient information for medical institutions and insurance companies. It’s a triple-win situation for all stakeholders.

Earlier this year, it was reported that HKSTP would be focusing on biotech and AI to drive innovation.

The report noted that Hong Kong Science and Technology Parks Corporation (HKSTP) has plans to focus on biotechnology and artificial intelligence as part of its goal to become a major driver and coordinator of innovation and technology in the city.

HKSTP had pledged to upgrade its facilities, including laboratories and research-related application amenities, to boost research capabilities and provide a one-stop service for biotechnology firms. The goal is to turn Hong Kong into a top-notch biotech quality-testing centre in the region.

Aside from being a leading incubator of start-ups, HKSTP also coordinates ecosystems for innovation and technology among Hong Kong, mainland China and overseas firms.

The science park will strengthen ties with overseas academic and research bodies and attract investment in the biotech field under its four-year Incu-Bio scheme. The park is expanding its data workshop to attract multinational firms to work with local start-ups.

It appears that those plans have been manifested in this incubatees new platform.

The platform’s system is co-developed within a consortium of insurance and health professionals, lead by the incubatee, the top enterprise blockchain developer in Hong Kong, proudly incubated by Hong Kong Science Park.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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