California —- Modex’s core team is inaugurating the Silicon Valley office with a workshop built on BCDB software. Modex will present how blockchain can be adopted, easy as an API, and the benefits for every company showcasing one use case created for the healthcare industry. Also, the Modex team will provide valuable information about the agnostic approach and versatility of BCDB solution, which can be implemented in various industries.
Healthcare is one of the world’s largest industries, consuming between 10% and 20% of gross domestic product (GDP) of the most developed nations. In this complex system of interconnected entities and heavy regulatory boundaries, patient data is highly fragmented. Moreover, the cost of healthcare delivery is continuously rising due to inefficiencies in the system and dependence on intermediaries. With these drawbacks in mind, the need for a technology system that can remove the middlemen and cut costs while maintaining trust and transparency becomes obvious. Enter blockchain and Modex BCDB, which have the power to reshape healthcare.
What makes blockchain suitable for healthcare?
Blockchain technology allows for transparent, peer-managed, secure data tracking across computing devices, and creates a public, chronological database. Why is this so useful for healthcare? Better data access models can incentivize patients and hospitals to monetize their digital assets (patient data). Also, blockchain projects are exploring ways to combine on-chain solutions (recorded on a distributed ledger itself) with off-chain ones. Transactions, emergency data, and more could be stored on a blockchain system, while larger data storage needs could be met by private repositories.
Modex BCDB is a new take on blockchain technology which removes the need to invest resources in blockchain training and facilitates the fast adoption of the technology in businesses. The solution proposed by Modex is a middleware that fuses a blockchain with a database to create a structure that is easy to use and understand by developers with no prior knowledge in blockchain development.
Advantages of using Modex BCDB in healthcare
Every entry in the system is recorded on the blockchain. Also, the platform will keep track of any modification made, together with a timestamp and the identity of the user who made it. Implementing Modex BCDB brings a lot of advantages: Smart Data Access, Record versioning, Security Permissions & Data Sharing, Data Encryption, File Storage – File API.
Date And Time
Mon, November 18, 2019
385 Moffett Park Drive
Sunnyvale, CA 94089
Blockchain company Modex is promoting the adoption of blockchain technology and strongly believes in a future built around blockchain. Modex offers fully integrated services designed to solve the last mile adoption problem of the blockchain and aims to make blockchain user-friendly for every single device or person. At Modex, we can innovate thanks to our incredible team of experts and we offer services for the entire blockchain technology ecosystem: Marketplace for Smart Contracts, community tools for developers and blockchain as database services for enterprises.
In over two years, using cutting-edge technologies and with a clear strategy, Modex has evolved from the world’s first app store for blockchain into a complex ecosystem designed for developers’ needs and enterprises looking for blockchain solutions. Our mission is to spread and facilitate the adoption of blockchain into society and to solve real-world problems using this revolutionary technology.
+40 721 083 239