CONSENSUS NETWORKS INC. — Department of Health and Human Services SBIR Phase I: NLM

Description

Abstract Summary This project seeks to bring population health data to the blockchainBlockchain technology gives health data the opportunity for an immutable data trail for auditing and billing purposesenhanced security and encryption leading to better patient privacy and enabling more widespread longitudinal patient trackingand distribution of data which will minimize cyber threats to health systems and make health records available at all times to providersThe initial stage of this grant will fully research blockchain s ability to support healthcare and health data and identify the blockchain or blockchains best suited to do thisThat blockchain swill be deployed on Consensus Networksproprietary nodes and will manage patient data collectiondistributionand availabilityLastlythe network and blockchain will be testedThree specific testing criteria will be the efficacy of secure health data transfer both into and out of the blockchainthe resiliency of the network to secure and preserve data against attacks or faultsand the speed of the networkwhich will ensure its ability to allow effective data flow on a large scaleThe goal of this pilot operation is to prove blockchains use on a permissionedprivate network to support the national healthcare systemBlockchainor distributed ledger technologyDLTis rapidly transforming informationdataand monetary exchangeIn just the past yearthe industry has grown from a few hundred to over a thousand companieseach looking to harness the power of the blockchainWhile the main focus of this movement is on the applications and blockchain protocolsthe underlying problems with blockchain industry today are scalabilitya lack of infrastructure needed to support worldwide adoptionand significant concerns regarding information securityWith proprietary technologyConsensus has created a network initially capable of handlingtransactions per second over a military grade secure networkAdditionallythis network can support multiple blockchainsincluding cross ledger transactionConsensus believes that in order to position for the continued development and implementation of blockchain technologymajor industriessuch as healthcareshould focus on the underlying infrastructure needed to run these ever changing applications and protocolsConsensus NetworksHealthLink System provides the infrastructure necessary to enable mainstream blockchain adoption NARRATIVE Blockchain is revolutionizing the way the world shares data conducts transactionsThis is a watershed moment for population health datanever has the ability to share and analyze data on a truly worldwide scale existedConsensus Networksproprietary technology can enable health data sharing on a commercial scale as the healthcare industry works towards a healthierlonger lived population