By: Lucas Hendren

Why build Health Nexus with an Ethereum core as opposed to an alternative? We receive this questions a lot which is why we decided to do a blog on it. There are several reasons why we are currently going with the Ethereum core, but the two overwhelmingly primary reasons are as follows, Maturity and Staying Power.

Maturity

The maturity factor can not be over emphasized. While Ethereum has only been live since 2015 and that might seem like a short time, in the blockchain space that makes Ethereum one of the oldest distributed computing platform and operating system out there. Because of that, Ethereum has been extensively tested compared to most other blockchains. Ethereum has dealt with numerous issues over the years thus the community has learned from each other — and continues to develop better standards and higher quality smart contracts. This gives them both a more stable blockchain but also the necessary pipelines to deal with issues that will hobble many others. Additionally, the Ethereum community has shown itself to be mature enough to continue to push the project forward and deal with complicated issues, while many of these other protocols are still in the process of building said communities.

Staying Power

The staying power of Ethereum is also important. When you build a platform, you want to insure the base technology the system is based on is stable. If that base system disappears, your platform will be left without crucial support or structure. Ethereum is now a massive entity with significant community support and industrial backing, as such it is unlikely to go under at any time in the near future. That stability is very important to a new project.

To really bring these points together we want to emphasize one final point: New projects, organizations and startups are already dealing with all kinds of risks and challenges. Adding in new bugs and a lack of support of a base platform in addition to all of the new challenges each startup is dealing with can greatly increase the risk. As such, we find that it is sometimes better to go with the rugged Jeep than the fancy sports car. We ourselves are already dealing with massive new challenges with data exchanges, security, and governance in the already challenging Healthcare field. This is not to say other protocols are bad, but Ethereum provides us a solid base with built in smart contracts, upcoming PoS and Staying Power. Additionally, having the largest community of blockchain developers also helps. This is a constantly evolving field and we will be Pro-Active to any changes, but we want to insure the foundations of this project are solid.

About SimplyVital Health:

SimplyVital Health is making decentralized technology accessible to the healthcare industry by creating Health Nexus, a healthcare-grade blockchain and paired data storage. Their principal application, ConnectingCare, augments existing hospital care systems to extract data and create care pathway flexibility, prospectively track financials, maintain immutable records, and accurately monitor analytics.