Blockchain technology has many advantages over the information systems currently in place. The addition of conditional executables known as smart contracts makes an even stronger case for why Veris’s solution will save time and money, especially in the longer term.

Distributed Reliability The database is replicated on a large network of servers to ensure the network does not have a central point of failure.

Immutable Records Using a distributed ledger safeguards transactions and patient histories from being altered or deleted.

Strong Governance Governance of the chain is directed by a separate non-profit entity, and upgrades are voted on by users of the platform.

Data Transparency Changes to the Veris blockchain are always 100% publicly viewable by all parties to ensure secure movement of information.

Multi-Level Encryption All data is secured by standard blockchain encryption. Patient data is additionally secured via encryption of a smart contract.

Disintermediated No central agent is required to approve transactions which allows for strength in automated document processing.

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