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The Patientory Stiftung Switzerland is a global non-profit organization founded to accelerate the education around the development of new technologies and applications, especially in the fields of open-sourced distributed ledger technologies (DLT) and decentralized software architectures. Below is our recent interview with Dr. Mohsen Shafaei, Managing Director of the Patientory Stiftung:
Q: You’ve recently announced the launch of open-source blockchain network, PTOYNet; could you tell us more about PTOYNet?
A: PTOYNet is our open-source blockchain network with public storage, which is in beta for testers, enables companies and start-ups to integrate to the blockchain and add to its current infrastructure.
Q: What’s the biggest lack of current healthcare infrastructure?
A: Data management and data analysis still remain the biggest challenge in healthcare. Our healthcare records are scattered in different hospitals/clinics and physicians do not have the whole history of our records. At the same time, healthcare expenditures are reduced and we believe that preventive care and precision medicine will help reducing healthcare costs while improving the quality of care.
The big healthcare challenge remains the uncompromising availability of decentralized electronic healthcare records, utilization of data analysis and advanced usage of AI-Agents in healthcare delivery process.
Q: What’s the primary usage of PTOY token?
A: The PTOY token is used by Patientory users (which include patients and healthcare organizations), who will be able to use the network to rent health information storage space and to execute health-specific smart contract payments and transactions.
Q: Tell us more about inaugural summit you’re hosting on May 31st; who will be there?
A: The summit in Atlanta brings together more than 300 industry decision-makers and key healthcare executives for dynamic discussions, peer interaction and educational panels surrounding the timely topic of disruptive healthcare applications over blockchain technology. Keynote speakers at the summit include:
• David Koepsell MD, Founder and CEO of Encrypgen
• Ron Ribitzky MD, Founder and CEO of R&D Ribitzky
• Bryant Gilot MD, CM, DPhil, MSc, Chief Medical Officer of Blockchain Health Co. (San Francisco, CA) & Center for Personalized Medicine at the University of Tubingen, Germany
Q: What are your main goals in hosting the summit?
A: Hosting this summit provides Patientory Stiftung with an opportunity to bring professionals together to discuss the future of technology in healthcare. The summit aims to inform and educate our peers on the benefits and efficiency of blockchain technology while highlighting organizations and platforms that are already benefitting from blockchain application. Patientory’s goal is to push the conversation forward as new technologies and applications emerge surrounding one of the most talked about technologies today.
Q: Why do you believe that blockchain is the answer to many of the data problems in healthcare?
A: The most important data problems in healthcare are related to interoperability, auditability, transparency, data security, data protection, usability. The recent development of blockchain technology confirms that we can tackle all those issues. Most importantly, the concept of decentralized permissioned blockchain allows us to virtually put the complete electronic healthcare record together. However, blockchain is not the solution for every data problem. Data quality, for example, is one problem which cannot be solved by blockchain. Garbage in, garbage out.
Q: What are some of the benefits of blockchain in healthcare?
A: Blockchain can be used in many different healthcare applications such as data security in clinical trials, drug traceability and of course patient data management including genomics data. The combination of blockchain-based EHR and AI-based preventive care will help us live longer while saving healthcare-related costs.
Q: What is on the roadmap for Patientory Stiftung moving forward?
A: The first step is the introduction of PTOYNet blockchain testnet on May 31 in Atlanta. Afterward, we will focus on PTOYNet blockchain and PTOY HospitalNet will follow.