As we already know that the potential of blockchain technology extends to several different industry applications apart from just being used to transact digital currencies. Germany’s Camelot Consulting Group is said to have developed a Blockchain-solution that helps to manage sensitive medical data of customers. As last month germany’s tourism announce about accept cryptocurrency.

The company under its existing Hypertrust X-Chain data management system wants to implement a digital platform for the healthcare industry that helps to securely exchange patient data. It wants all the authorized participants to make use of a decentralized data storage using the Blockchain technology.

The blockchain platform will be completely secure and tamper-proof while allowing only the authorized participants to directly share information with each other. The company says it its digital platform allows “integration of partner systems”, “real-time temperature, location and quality control as well as reliable proof of origin”.

Camelot explains the merit and benefit of the new blockchain system over the existing conventional methods. It uses the example of extracorporeal cell therapies where patients’ cells are removed in a complex, multistage process.

It says: “Many different actors are involved in this process, such as the treating clinic, the cell removal center, logistics service providers and pharmaceutical companies. Today, most important data is still transmitted by analog means in order to be recorded again in the course of the further process. The risk of erroneous data and data misuse is therefore immensely high.”

The company further stated that the closed-loop supply chain approach of the HyperTrust X-Chain will prevent any sort of confusion and misuse of data and samples during therapy.

A large number of companies are currently testing Blockchain Technology at their end for efficient data management processes. Chile recently announced that it will merge its national energy regulatory organization with national energy sector data using the Ethereum platform.