Seoul Medical Center to Launch Blockchain Tech Project With Korean Science, IT Ministry

A major hospital in South Korea’s capital city has announced plans to launch a blockchain-based platform aimed to improve its medical services. The news was reported by the Daily Medi, a healthcare sector-focused Korean news outlet, on March 17.

According to the publication, the “Smart Hospital” project was jointly developed by the Korean Ministry of Science and ICT and the Seoul Medical Center, and aims to improve data accuracy and reduce processing timing for the aforementioned hospital. The article also states:

“Seoul Medical Center will build an automated, personalized, integrated medical information platform by providing electronic prescription delivery, certificate issuance, and insurance claims through the blockchain-based system.”

The Smart Hospital project is one of the 2019 blockchain-based public project development plans issued by the Korea Internet and Security Agency, a sub-organization of the South Korean Ministry of Science and ICT, last December, with the aim of promoting the implementation of blockchain tech within the domestic industry.

According to the publication, the Smart Hospital project is scheduled to be launched this April.

As Cointelegraph reported on Feb. 19, in order to promote the country’s blockchain projects, the South Korean capital’s government announced the establishment of the “Seoul Innovation Growth Fund,” with the goal to invest more than $1 billion in blockchain and fintech startups by 2022.

Back in last November, Myongji Hospital, another major South Korean hospital located in the city of Goyang, signed a Memorandum of Understanding with a domestic IT firm to develop a medical services platform backed with blockchain tech, as Cointelegraph wrote on Nov. 13.