Partnership was made for the growth of blockchain-based medical information industry as well as establishment of best practices in relative industry. Ultimately, the main goal for both companies is having a win-win situation.
Based on the blockchain technology of Hex Innovation Ltd., the agreement will focus on three major fields of cooperation and joint research; (1) Joint research and development of the platform for application of blockchain technology for medical information, (2) Development and implementation of blockchain platform for medical information and radiation dose information, (3) Mutual information exchange and cooperation for successful development of the platform.
Since TPLUS has competitiveness of joint research and clinical data analysis such as health information exchange, radiation dose management, medical certification service while HEX Innovation Ltd. has a blockchain platform technology capability, KARPH emphasized that the partnership will be synergistic in developing the application of blockchain technology of various medical information.
An official of HEX Innovation Ltd. said, "We will create best practices for blockchain-based businesses by expanding the business scope of the healthcare market in all directions as well as enhancing competitiveness through continuous strategic cooperation and network sharing among the three companies with international capabilities."
Beginning with the agreement focusing on Asian countries, HEX Innovation Ltd. plans to expand its blockchain based business to worldwide by identifying and spreading promising medical information business.
HEX Innovation Ltd. is currently conducting private sales until Aug 31 and plans to launch the public ICO starting from mid-September, under the slogan ‘Health Evolution on X.blockchain (HEX).’