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RMIT University partners to leverage blockchain technology for the transformation of health care models

RMIT University partners to leverage blockchain technology for the transformation of health care models

A major industry partnership between RMIT University
and DB Results, which will use blockchain technology, will pioneer innovative
healthcare solutions.

The University’s world-leading
interdisciplinary capabilities and research combined with the company’s global
industry and digital business expertise will bring together a business
transformation that will be starting with health.

With the development of protected uses of
blockchain technology, the new patient care model will leverage technology to
disrupt traditional healthcare.

According to the report
made by the University, the new partnership aims to define and build solutions
that can have a positive impact on the Australian and global health industry, as
well as society in general.

DB Results CEO Mr Gavin Bunshaw said that the
opportunity made available through blockchain provides not just a secure method
of recording health information but also a framework for supporting the use of
information as a valuable asset that can be protected and traded.

He added their delight to be collaborating
with the University as it is one of the world’s leading universities.
Initially, he said, the collaboration will focus on innovative solutions for
health using blockchain to make a positive and lasting impact on the healthcare

The partnership will maximise the deep
industry experiences of both organisations in domains such as financial
services, utilities and health as well as the university’s expertise in global
research, development and design.

A platform for innovating new ideas that have
applied models from other industries and disciplines has been developed as a
result of their partnership.

RMIT Blockchain Innovation Hub Director
Professor Jason Potts explained that blockchain technology will change how
property rights in private data works. The patients, for the first time, will
own their personal health data and may personally decide how they will use it.

The can opt to share it with trusted
medical professionals, gift the data to research pools, or even sell the data
for commercial use, which actually opens a new source of revenue for the

The researchers at the Blockchain
Innovation Hub, he added, are excited to be working with a great team to develop
the next generation of health technology infrastructure.

Mr Bunshaw agreed and said that the
alliance was a catalyst for creating significant opportunities to drive
advancements and transform the health industry globally.

More so, it will also provide an
opportunity for the students to gain hands-on experience with a global company
at the Innovation Centre of DB Results in Melbourne.

He discussed that the proof of the value of
the relationship has been achieved already. Both organisations have successfully
transferred learnings from the finance industry to create a solution for
health, which enables secure management and sharing of medical records.

Blockchain technology has given the
patients full control of their secure medical record.

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