One does not really understand the power of blockchain technology until one starts to work with it. We hear about blockchain technology, cryptocurrency, and ICOs on a regular basis as of late, but a lot of people don’t really understand what blockchain is or what it is capable of doing. SCI has chosen to unlock the potential of blockchain technology to bring its stem cell platform to life. Not only is the science and technology behind stem cell research and development astounding, the blockchain technology being used by SCI to connect people to such developments, treatments, and specialists, makes it that much more accessible and secure in the world. Here’s the lowdown on why you’ll find SCI’s application platform on blockchain.

Contracts, Connections, and Culpability

One of the leading reasons companies employ blockchain technology is because of its ability to create smart contracts between two parties. These smart contracts help ensure that the transactions that will take place are verified and secure. SCI plans to use blockchain technology to create smart contracts between users and professionals when stem cell treatments are needed, stem cell access is required, or consultation is necessary to make decisions about such treatments. These contracts allow both parties (in this case, the doctor and patient) to agree to work together.

The connections that can be made through the use of blockchain technology are second to none because of the security levels, and the interaction of people on the SCI application. Never-before-seen connections can be made between doctors who can treat patients with stem cells and patients who require stem cell treatments. It’s easy enough to fall into the trap of thinking that we can “just use the internet” to make those connections, but the private nature of the connections, conversations, and interactions means that additional security is necessary while still being free to converse as needed.

As far as culpability is concerned, SCI is highly attuned to the secure nature of working with private health information. Blockchain technology allows SCI to use a 2048-bit symmetric encrypted key that will ensure SCI complies with HIPAA (Health Insurance Portability and Accountability Act) and that in turn ensures patients and doctors can share information amongst themselves in a nature that has never been seen before, under such strict security measures. SCI is ensuring accountability on all levels of these transactions with dual-blockchain technology that will be implemented in the application. Blockchain guarantees the transactions can take place, be verified, secure, and meaningful for those that choose to utilize and participate in the platform.

The Power of Two Blockchain Platforms

SCI is excited about the work being done in blockchain and they are working hard to bring the power of stem cells to the world through the power of blockchain technology, but what’s more, and perhaps most surprising about what SCI is doing, is that they are building their own

blockchain that will perform a secondary function of the SCI Application. The first blockchain, which is powered by Ethereum, will power the main platform of the SCI Application, but the second blockchain, built by the team at SCI will be housed on Hyper Ledger Fabric blockchain technology and will be customized to meet the security needs of collecting, storing, and sharing private health information between patients and doctors. The power of blockchain technology means that patients have full access to and control over their own health records. Using Hyper Ledger Fabric, SCI can connect to global electronic health records and ensure that patients have full access over their personal information.

What happens when you decide to take a life-changing medical treatment and connect it to a global, digital platform that is secure, verifiable, and customizable? You can something unique and magical — and SCI is bringing that to life.

For more information about how SCI is putting stem cells on blockchain, visit www.scia.io