BOSTON, July 19, 2018– SimplyVital Health, Inc., a global leader in blockchain healthcare technology, announced today that it has launched the private Alpha Net of Health Nexus, the first HIPAA-compatible blockchain protocol.
HIPAA compatibility is a major milestone for decentralized healthcare projects across the globe. By building Health Nexus to HIPAA’s security and privacy standards, SVH believes the adoption of blockchain applications in the healthcare industry can accelerate, improving patient outcomes and leading to the development of new process efficiencies.
“The launch of the Health Nexus Alpha Net marks a turning point for blockchain healthcare technology,” said Lucas Hendren, co-founder and CTO of SimplyVital Health. “A HIPAA-compatible blockchain protocol brings security and governance to a public blockchain that allows enterprises and industry to use decentralized technology held to the highest medical privacy and security standards.”
With the launch of the Alpha Net, the first HIPAA-compatible nodes are coming online with the consortium of health care providers and developers that now manages Health Nexus and verifies HIPAA compliance. The consortium is open, and the number of new nodes seeking HIPAA verification and consortium membership is growing. More consortium members mean greater decentralization, increasing the security and privacy of delicate medical data.
With the Health Nexus Alpha Net now in place, many of the most important features of Health Nexus—including voting, validating, and running HIPAA-compatible nodes — have been tested and confirmed. The Key Pair System has been deployed to the Alpha Net as smart contracts. These smart contracts have passed rigorous security audits by the Hosho Group and provide the foundation for data exchanges compatible with HIPAA standards. Consortium members, using prototype tokens, may now process transactions and utilize the Key Pair System on the Alpha Net.
Health Nexus will enable entrepreneurs and developers to create decentralized applications that use the infrastructure to govern and transact digital assets in many ways. Potential applications using the Health Nexus Key Pair System range from tracking opioid prescriptions to data access for behavioral health and change management.
Rather than store data, Health Nexus governs access, meaning it can integrate with different provider storage solutions for quicker onboarding while offering secure decentralization. The open source tools, such as the Key Pair System, are designed to encourage the creation of new dApps to solve some of healthcare’s most pressing issues.
About SimplyVital Health
SimplyVital Health, Inc. is making decentralized technology accessible to the healthcare industry with Health Nexus, an open source healthcare-grade blockchain, and their principal application, ConnectingCare. Learn more at www.simplyvitalhealth.com or https://github.com/Health-Nexus.