Finland-based communications and information technology giant Nokia is partnering with OP Financial Group to roll out an innovative new health data storage project that makes use of blockchain technology.
For the project, Nokia is set to take medical records and data of participants and store them on vaults situated on the blockchain, which is prized for its private and impenetrable features. By using the blockchain for health data storage, Nokia and OP Financial Group are betting on enjoying complete access and control over the data, keeping it away from hackers and unverified actors.
While consumers have been embracing connected technologies en masse, healthcare data has an extra degree of sensitivity to it, which has been known to hamper adoption. By using increasingly credible blockchain technology, Nokia and OP Financial Group are looking to establish themselves as pioneers of blockchain medical data storage.
Blockchain Medical Data Vaults
This Health Data Storage Project is Being Pioneered By Nokia
Trend Themes
1. Blockchain Medical Data Storage - Opportunity to leverage blockchain technology to securely store and control sensitive healthcare data.
2. Increased Adoption of Connected Technologies in Healthcare - Opportunity to utilize connected technologies to improve healthcare data management and access.
3. Establishing Credibility in Blockchain Medical Data Storage - Opportunity to build reputation as a pioneer and leader in the field of blockchain-based healthcare data storage.
Industry Implications
1. Healthcare Technology - Opportunity to develop and provide secure medical data storage solutions using blockchain technology.
2. Information Technology - Opportunity to integrate and leverage blockchain technology for secure data storage across various industries, including healthcare.
3. Financial Services - Opportunity to explore partnerships and investments in blockchain-based healthcare data storage projects.