Source: iStock/David_Ahn

The Hanyang University Medical Center has signed a memorandum of understanding with blockchain venture MediBlock as the center looks to move its medical records onto a blockchain-powered platform.

The university says it will work in conjunction with MediBlock to build a platform that helps store patients’ medical records and provide a shared database for doctors and health professionals at the center.

The center was once the biggest hospital in Asia, and deals with thousands of patients every year. Its director claimed, “We want to bring our health information platform up to the next level.”

This marks MediBlock’s third deal with a major South Korean health provider in the space of five months. The company signed a business agreement with the Oracle Medical Group (a network of some 70 dermatology and skincare clinics) in November, followed by a deal in January with the Kyung Hee University Dental Hospital.

MediBlock says it is working on an open, blockchain-powered platform for medical records, and hopes to unveil its offering by the end of this year.

MediBlock is the brainchild of Lee Eun-sol, a former doctor, and Go Woo-gyoon, a former dentist. The duo claims the need for decentralized ledgers in Korean medicine is now pressing. Go told media outlet Kinews, “Medical information networks are currently fragmented, and cannot be integrated into modern systems.”