The major medical and health industry covers the medical industry, pharmaceutical industry, health management service industry, and other emerging industries. With the accelerated aging of the global population, rising income and purchasing power, and increasing policies and investment, the impact of such factors has increased. The big medical and health industry will usher in the spring.
According to statistics from authoritative organizations, the global gross output value of the medical and health industry will reach 13.393 trillion U.S. dollars by 2020, and the per capita health expenditure will continue to grow rapidly. By 2020, it will reach 1,882.168 U.S. dollars. As one of the world’s largest industries, the total annual expenditure on global health accounts for about one-tenth of the total GWP, which is a new engine for global economic development.
Compared with the increasingly large market share of the large medical and health industry, there are many problems in this industry that are difficult to solve. For a long time, the health industry has been a closed industry with isolated islands and strict adherence to their respective data and technologies. There is a huge problem that medical institutions are faced with, which is the inability to securely share data across platforms.
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To solve this problem, the great health care ecosystem created by the Etheric Health Chain (ETHH) proposes a perfect solution. The ETHH Medical Health Ecosystem can be applied to individual health reports, complete drug supply chains, clinical trials and population of medicines. Health research, as well as the use of artificial intelligence and big data for the health medical IOT and the government to provide national health data analysis and other areas, truly escort the health of all humanity.
The Etheric Health Chain (ETHH) is a global medical health blockchain service platform. It uses the features of blockchain technology, such as irrevocable, distributed, etc. And to build a self-made, self-growth health care ecosystem. The Etheric health chain enables the authorized use of medical and health data through blockchain smart contracts and big data solutions, and it also ensures the privacy of medical and health data. As the sole legitimate owner of medical and health data, patients have the right to authorize their own medical health data to be uploaded to the Etheric health chain. The users of medical and health data (medical institutions, artificial intelligence researchs, drug companies, insurance companies, etc.) can obtain the required value data in the “health market data market.”
In big data managing, the big data system of Etheric health chain makes the vast data able to be storage and read very quickly, helping those interest-related people acquire and analyze data and bring them value. Moreover, the smart contract can be used to solve disputes. For data security, the adoption of a two-dimensional code traceability mechanism in the Etheric health chain has enabled the information chain to be “accessible, retrievable, and accountable”; not only that, the Etheric health chain can also collect individual genetic conditions and medical records. A series of vital signs such as records and physical conditions constitute a system of credit assessment.
In artificial intelligence, the Etheric health chain makes smart contracts and blockchain systems become truly “intelligent” by invoking AI services and introducing AI in smart contracts. DApp developed by Etheric health consists of a series of smart contracts, including main call contracts, agent contracts, governance contracts, Token contracts, and user information management contracts. When smart contracts can use AI services, AI empowers smart contracts and helps smart contracts implement Dapp’s artificial intelligence governance, enabling smarter healthcare resources to be deployed.
In addition, we will continue to build a blockchain infrastructure for the health system industry by restoring the heartbeat of the global healthcare system industry chain. This will enable the global healthcare industry to develop its own blockchain applications on the Etheric health chain. And according to the smart contract free exchange of data, the use of blockchain anti-counterfeiting, tamper-proof properties to record every transaction and user clicks, so that all the life system industry, the upstream and downstream chains to become transparent and efficient, maximizing efficiency and reduces costs for the global gene, pension, medical.
It is foreseeable that in the era of rapid development of blockchain economy, the Etheric health chain is expected to establish and build a truly all-embracing medical and health blockchain ecosystem, striving to make medical care more efficient, smarter, and trusting that it is too healthy. The chain’s layout of blockchain technology enables medical institutions and the general public to maximize the bonuses of the blockchain, and truly enables blockchain technology to benefit ordinary people from all walks of life.
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