South Korean blockchain company Fantom has unveiled an ambitious partnership to create a public health platform for storing patient medical records.
Blockchain companies partnering with governments is a regular occurrence, but Fantom’s decision to team up with the government of Afghanistan is highly unusual, given that the country is not known for its tech adoption.
Despite the seeming incongruity of the partnership, both parties are convinced that the arrangement can yield tangible benefits.
“We believe that anti-counterfeiting of drugs and electronic health records on the blockchain are a great representation of what distributed ledger technology can do if utilized by the right people for the right cause,’’ said Fantom CIO Michael Kong.
In a statement, Afghan Public Health Minister Ferozuddin Feroz also spoke positively of the benefits Fantom’s solution can bestow in terms of transparency and efficiency.
One of the stated goals of the project is to reduce the prevalence of counterfeit drugs within the health sector.
The World Health Organization estimates that one in ten healthcare products are ersatz or substandard in some way, bringing with it a host of health risks.
The solution commissioned by the Afghan Ministry of Public Health will entail each drug being assigned a unique hash which will be recorded on-chain.