Whenever a new technology emerges, there are questions about its validity and usability. The same technology might allow one company to move forward while holding back another because they don’t understand the potential or applications of the technology. It happens all the time: take social media for example. The technology behind social media holds companies back from growing: they use it incorrectly or don’t use it frequently enough. For others, who understand how the technology works, they have a thriving social media presence and growing business to boot. We’re simplifying here, but you get the idea. When we considered the technology behind Blockchain applications and uses, the same rule applies: what will work for one company, might not be the appropriate application for another. Thus, we have many options when it comes to Blockchain. SCI is using Hyperledger Fabric in its Blockchain-based technology, and with good reason. Let’s explore what’s so compelling about Hyperledger Fabric and why SCI has chosen to use it to build their stem cell company.

Hyperledger Fabric Provides Private, Enterprise-Size Technology and Function

Hyperledger Fabric is a powerful option for a company such as SCI to utilize and adopt because it is private. Based on IBM technology, this platform offers many opportunities for blockchain incorporation at the enterprise level. Prior to adopting Hyperledger Fabric, SCI attempted to run the SCIApplication on two other blockchain-based platforms, but there were two major issues: the speed with which the data was transferred and the smart contracts on other platforms are limited to change. When you consider that the transactions taking place throughout the SCI application are related to health care and private patient information, it makes sense that the information would need to be kept in a secure place online. Some Blockchain platforms are public, which means anyone can access them and use them. The issue of enterprise-size comes into play when you consider that a stem cell supporting blockchain technology needs to be accessible around the globe. Hyperledger Fabric is comprehensive enough, and secure enough, to handle that kind of workload.

Providing Another Layer of Security

When it comes to ensuring security online, nothing seems to be more secure than Blockchain technology backed by Smart Contracts and layers of encryption. Some public Blockchain platforms are limited in their size and reach. Because SCI wants to stem cells to be available to anyone in the world who seeks better health care, access to stem cells and more treatment options, security and scalability are important in choosing the right Blockchain technology. Hyperledger Fabric is continuously being developed and new features are added to the code every day, including cloud capacity for unlimited storage options. With more than one million users expected to use SCI’s Application in the early days, Hyperledger Fabric will provide robust efficiency and security.

Features Make Platforms More Powerful

Hyperledger Fabric has a number of features that make bringing stem cells to the world a reality. Membership services provide patients with an opportunity to join large, worldwide networks that can provide valuable services, such as access to stem cell specialists, blood cord stem cell banking and consultation. Fabric, as its otherwise known, also provides the opportunity for confidential transactions so that members can conduct their business without the worry of security issues.

For more information about how SCI is breaking down the barriers that prevent people from gaining access to the stem cell technologies, treatments, and storage that they need, visit www.scia.io.