Drexel University School of Medicine announced Tuesday that it has partnered with global medical technology company MAPay on a payment and data innovation program that uses non-fungible tokens (NFTs) to democratize healthcare data. Announced.
According to a press release, the collaboration will “develop the technology platform and marketplace to solve one of the most debated and controversial healthcare topics: patient data access.”
MAPay CEO Michael Dershem said: “Cross-provider identity is also not easily achieved in today’s healthcare system and introduces administrative and cost burdens when authenticating providers.
“These shortcomings are due to numerous traditional technical and business complexities, including but not limited to cost, competition and privacy issues surrounding industry interoperability.”
According to the release, the MAPay patient data vault NFT, which uses the Algorand blockchain, will store verifiable patient information and provide a more complete medical history to care teams and medical services.
“This initiative will make a difference, especially in underserved areas,” said Charles B. Cairns, Senior Vice President, Medical Affairs and Dean of the School of Medicine. “This is not a question of should we do it, but an answer that we must do it for the future of medicine. “
Meanwhile, according to a recent PYMNTS survey, nearly half of companies in finance, insurance and healthcare have accelerated the digitization of their payment processes and systems during the pandemic.
Related: Early adoption of digitization benefits today’s financial and healthcare sectors
Nearly half (48%) of companies in these industries are paying to improve their balance sheets, according to the PYMNTS and Corcentric joint study, Business Payments Digitalization, based on a survey of 400 Chief Financial Officers (CFOs). rapidly digitized. He works for companies with annual revenues of $400 million to $2 billion.
Thirty-nine percent of travel and transportation CFOs, 36% of retailers, and 19% of industrial and manufacturing CFOs report that their companies have accelerated the digitization of payment processes and systems.
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New PYMNTS Survey Finds 3 in 4 Consumers Have Strong Demand for Super Apps
about: A new PYMNTS study, The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy, in collaboration with PayPal, collected responses from 9,904 consumers across Australia, Germany, the UK and the US. Analyzed. It also showed a strong demand for a single multifunctional super app instead of having dozens of separate apps.
