Matrix is uniquely positioned to make use of it’s blockchain within different parts of the health care environment through its numerous partnerships with existing Chinese hospital. One the most unique features that Matrix is currently working on is making use of Markov Chain Monte Carlo(MCMC) computing combined with artificial intelligence as a means of leveraging their mining protocol to serve beneficial for transaction verification as well as a means to power predictive modelling for disease and pathogen identification.

But Matrix’s technology can be applied into the other aspects of health care as well. With the rapid increase in the global population there is an ever multiplying demand for health care services, this has put considerable strain on existing infrastructures. So as to maintain the future sustainability and effectiveness of our health care systems there needs to be increased operational efficiency. Within health care there can be widespread applications of the technology, from the patient provider side and insurance side, all the way to drug logistics and verification.

AI and Blockchain Assisted Diagnosis

Within countries with tremendous burdens on existing health care infrastructure the implementation of Matrix’s AI and machine learning algorithms can be used to ease the strain on doctors by aiding in faster disease identification and design of treatment plans. This will not only reduce a doctor’s burden but ensures that a patient is receiving the sufficient care necessary.

True Data Ownership

Matrix’s blockchain technology can allow for patient’s to be able to truly own their health data, and to do with it what they see fit. Consent can be given and revoked, and if necessary patients can even choose to sell their data.

Patient data recorded on Matrix’s ledger can be used to verify a patient’s data, including but not limited to identity data, genetic info, preexisting conditions etc. And through the use Matrix’s secure blockchain patients can no longer worry about their data being misused, sold or altered with, as every change will be recorded on the blockchain.

Medical Data Security

2018 has been a bad year for data security, especially so in the medical industry where millions of customer data was stolen over various hacks in the span of the year. Now its not necessarily easy to pinpoint the exact cause of the hacks to any particular security flaw, but they all share a common denominator — the lack of sufficient data security. This is where Matrix’s blockchain technology can come in handy. Blockchain technology is inherently safe, but human error is still a factor that cannot be ignored. And as such the smart contracts involved are often open to vulnerabilities and bugs that can result in extensive damage.

Matrix developed its blockchain through the use of artificial intelligence which was utilized as a means of conducting formal methods of security verification to identify and eliminate various smart contract holes and vulnerabilities. The AI is also adaptable meaning that over time the system self optimizes and continually find new defects.

This technology can help medical companies save considerable amounts of time and money, as well as the loss of reputation resulting from a data breach.

Medical Insurance Claims

The use of intelligent smart contracts can also transform the way medical insurance claims are paid out. Matrix can help improve the fairness and efficiency of insurance policy management and claims payment processing by using their blockchain to store details of a patient’s insurance policy and using the intelligent smart contracts to monitor the status of claims and ensure the timely fulfillment of a claim.

Medical Logistics

Over the recent years counterfeit medication has become a large global problem, and this has not only been a problem in the developing world but within countries like the United States as well. This has led to countless death which could have been avoided if there had been proper traceability in place.

Matrix’s blockchain technology can be used to verify the authenticity of drugs from their source up to the point of delivery, and collection by the patient. Patients can potentially be provided with the ability to view and verify details such as manufacturer’s name, drug name, drug ingredients, storing conditions etc.