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Algorand
$1.28 -1.89%
ALGO · 7w

MAPay partners with Verida to Implement Decentralized Healthcare Network in Bermuda on Algorand

VOORHEES, N.J., Nov. 30, 2021 /PRNewswire/ -- MAPay is pleased to announce a partnership with Verida to provide a decentralized health technology network in Bermuda leveraging the Algorand blockchain.

MAPay will build its healthcare solutions in conjunction with Verida, which provides decentralized identity, trusted storage, private data ownership, decentralised messaging and connectivity to the Algorand blockchain.

MAPay partners with Verida to launch a decentralized Web3 healthcare payment and data network.

MAPay's secure healthcare network

MAPay is developing healthcare technology solutions in Bermuda for health provider credentialing services, patient health data solutions and healthcare payments.

Verida will complement MAPay technology and provide connectivity to Algorand as the blockchain of choice for smart contracts and stable coin payments.

MAPay's solution leverages the decentralized identity, messaging and trusted storage capabilities of Verida's framework. This will enable all stakeholders within medical commerce including governments, insurance companies, healthcare providers and patients to derive their own unique and distinct value proposition from the MAPay Network as a Service; delivering a consensual share of healthcare data across healthcare providers with a mobile "Vault" that secures PHI.

Additionally, the MAPay solutions will support cross-border blockchain-based stable coin payments for healthcare services and a supporting token distribution and rewards to ecosystem users as part of broader incentivization initiatives.

The Vault will connect with existing, legacy healthcare software to allow patients to send / request data, request payment for services, and provide post-care support services.

This enables innovative new decentralized healthcare solutions such as preventative healthcare, clinical trial recruitment, permissioned sharing for healthcare research and new payment mo...

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