A slightly more technical explanation of Helix3

What is a Decentralized Health Management Platform?

Let’s start with decentralized… This means that the operation of the platform is controlled by machines, paid in tokens when they successfully execute transactions based on a pre-negotiated contract. In fact, if a machine doesn’t compute the contract in agreement with consensus, they are booted from the network and lose their financial stake.

Decentralized also means that the data is stored in such a way that reference to pieces of it are stored in a blockchain.

What is a Blockchain?

In its generalist form, blockchain is a way of recording blocks of data that requires information for a previous block, in order to be able to write another block of data. Thus, the blockchain.

This has a very important benefit to users in that once a block is written, it can never be deleted. When handling sensitive data like private healthcare, we want to ensure that it cannot be tampered with. Versioning of files can be accomplished on some blockchains, but there is a permanent backup of all the different states, and who changed them.

Blockchains also provide a record of transactions that is considered immutable. These open ledgers ensure transparency and provide accurate data for auditing, compliance, and governance.

Lastly, they exchange value, using a token. The token, often referred to as crypto or alt coin is used to measure the value of certain items. The starting value of the token is set by the company that creates is, and then the members of the blockchain determine its value from there.

What is a Health Management Platform?

A health management platform is a place where members, providers, and merchants meet in a place of transparency and trust. The goal of our Health Management Platform is to transform healthcare into an ecosystem that improves on both proactive and reactive healthcare.

The core function of the platform is to be a data consolidator. We will connect patient portals, fitness devices, and IoT medical devices into a database that the member has complete control of. Our platform will be expandable to add new data sources as they come to market in this growing field.

With a strong foundation of data and controlled sharing, different modules can be built to address specific needs or problems. I’ll get more into these a little later.

We believe the biggest impact we can make on the level of healthcare is by improving global health first, so the first module to our Health Management Platform will help build the foundation for future modules. We aim to lessen the burden on reactive care while we develop other modules for our platform.

Read more in the Helix3 Healthcare Blockchain Blog