DIGIPHARM has built the world’s first blockchain-based platform for value-based contracting of healthcare technologies and healthcare services, where a service or a product is priced according to the benefits it provides to a consumer. DIGIPHARM’s vision is to be ‘the pioneer of value-based healthcare delivery, innovative evidence generation and patient empowerment across the healthcare industry’ using blockchain technology.
DIGIPHARM utilizes blockchain technology to overcome key infrastructural limitations to innovative pricing and evidence generation. Through the platforms provided by the project (REIMBURSE, INSIGHTS, DIGIHEALTH), the problems of current healthcare industry resulting in inefficiency, wastage and sub-optimal health outcomes for the patient will be tackled and solved. DIGIPHARMs’ platforms drive value improvement, reward innovation and expedite the transformation to value-based, personalised healthcare.
Utilizing blockchain technology for DIGIPHARMs’ platforms, the project aims to develop a decentralized health information infrastructure that is ubiquitous, transparent and security conscious. The project proposes that the development, maintenance and use of DIGIPHARM platforms will be subject to comprehensive data protection and security, advanced privacy measures and full conformance with the information governance protocols, including EU General Data Protection Regulation (EU GDPR).
The REIMBURSE platform will harness the beneficial features of automated ‘smart contracts’, allowing the real time application of flexible pricing models and patient access schemes between healthcare providers, payers and manufacturers.
The INSIGHTS platform will extract anonymised patient level data from the REIMBURSE platform and electronic patient records to the world’s first ‘live’ real-world evidence (RWE) database, that is accessible by subscribed users at real time.
The DIGIHEALTH platform will utilize data from the INSIGHTS database to generate a patient-friendly portal for sharing and utilizing health-related information on a global scale for the benefit of fellow patients, wider society and health systems worldwide.
Patients will be incentivized and rewarded for sharing and contributing their health-related data to populate the INSIGHTS and DIGIHEALTH platforms, if they so choose. There are also additional future projects, such as MYHEALTH and EVOLVE, that are planned to be implemented depending on permissibility under applicable laws.
DIGIPHARM modules will be designed with cross-platform and interblockchain compatibility, using the following benefits of using private blockchain technology: Security, confidentiality, scalability, smart contract execution.
The DIGIPHARM network will be fuelled by an ERC20 Ethereum minted token (DPH), which is used as a mechanism to monetize transactions and incentivize participants. A trusted & private network for entities participating in value-based agreements is built on Hyperledger Fabric v1.1.
Additional Features Across Platforms are as follows:
Analytics Hub, Phone Apps & IoT, Sub-chains or Temporary Chains, Patient incentives
Meet The Team
17 Team members listedNext