Get Trading Recommendations and Read
Analysis on Hacked.com for just $39 per
month.
While technology has improved access to health
data, the data is often not leveraged to its full
potential due to privacy concerns and concerns
about data authenticity.
Nokia has partnered with OP Financial Group, a
Finland -based financial services group, to use
blockchain technology to establish more trust in
managing health data. The purpose of the pilot
project, which involves 100 people, is to provide
individuals more control over their personal
health data, according to a Nokia blog .
Blockchain Benefits
Blockchain technology can give people control
over who they share their health data with.
The blockchain ledger is maintained by parties
that can have competing interests, which differs
from centralized services such as Google,
Facebook and Dropbox.
Under the pilot project, any data a user wishes to
share is encrypted and can only be accessed by
its intended participants. The owner of the data
uses the Nokia Steel HR to share their data and
provide proof of the data’s authenticity.
Users share their data from wearable Nokia
devices and are rewarded for doing so.
Participants’ daily activities are shared through
the app, creating a private record on the
blockchain. OP automatically rewards users with
points based on what steps they have taken with
respect to their fitness goals.
Also read: This blockchain platform aims to
end healthcare data breaches
New Possibilities
The pilot project will shed light on possibilities
for incentive models like smart health insurance
and in supporting programs that promote healthy
lifestyles.
The project organizers believe it will only be
possible to provide trustworthy advice on health
issues and extract useful insights by establishing
users’ trust. Nokia’s blockchain platform has
been designed to address these issues.
Nokia believes its collaboration with OP marks a
step in creating a global digital health ecosystem
that will benefit both individuals and society
