Medicalchain Inks Deal with Mayo Clinic to Advance Health Tech

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UK based blockchain healthcare system Medicalchain, which connects patients with medical specialists worldwide, has signed a joint working agreement with the Mayo Clinic in the US, from which they aim to develop a range of blockchain related healthcare services.

According to a press release Monday, the Mayo Clinic was ranked the top hospital nationally by the US News & World Report rankings.

“We are thrilled to be working with Mayo Clinic,” said Dr Abdullah Albeyatti, CEO of Medicalchain, in the statement. “Mayo Clinic will provide their world-class healthcare and health IT expertise, while Medicalchain will provide our knowledge of blockchain and crypto. Together we will work on several use cases using blockchain based electronic health records. There’s a lot of opportunity out there, and we feel this working agreement will be of benefit to all healthcare stakeholders.”

Medicalchain launched its cross-border telemedicine platform MyClinic.com in May, which enables patients to schedule video consultations with doctors, and pay with the firm’s native MedTokens (/MTN).

The company said it aims to apply blockchain technology to the healthcare system to address some of the systemic problems providers face today, such as data security, fragmentation, high costs, and lack of patient centricity. They add that the joint working agreement between Mayo Clinic and Medicalchain is a step forward in realising this vision.

With numerous blockchain ventures being established in the medical sector, the quality and reputation of the health professionals in these networks becomes a key distinguishing factor and, on that score, Medicalchain’s alliance with the highly regarded Mayo Clinic can only be seen as a positive development.

The Mayo Clinic is ranked highly in a broad range of medical areas, including diabetes, endocrinology, gastroenterology and gynecology, in addition to nephrology, neurology, neurosurgery, pulmonology and urology.

About David Bentley

David Bentley is an experienced financial writer and communicator specializing in offshore financial services, hedge funds and technology.

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