South Korean hospital Gil Medical Center is soon going to set up a Blockchain Based Medical Information System. It is teaming up with health data firm Longenesis and AI-based drug research company Insilico medicines for this. The system will be based on Bitfury’s Exonum blockchain framework. The proposed system will comply with regulations of the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR) regulations.

The Blockchain Based Medical Information System will store and manage patient data. The patients can have authority over their data. Apart from better data collection and maintenance, it will also encourage efficient medical research. In fact, Gil medical Center happens to be the country’s first hospital to implement a blockchain based medical record. Way back in the early 90s, this hospital was the first to initiate computerized medical records.

A lot of public service sectors are now opting for blockchain based record keeping. Recently, China started its first blockchain based notary office. It’s great that apart from cryptocurrency, firms are recognizing, experimenting and implementing Blockchain’s use in regular public domains.