A healthcare blockchain platform, HealthCombix said that it has partnered with San Francisco based NuCypher to explore distributed security technology integrations to solve privacy, consent, and identity challenges in healthcare around the globe. “Our goal is to build out the next generation of healthcare systems. We are redefining and redesigning in an open protocol a decentralized network model for healthcare, replacing existing systems with best of breed distributed technology in a layered and integrated architecture. Decentralized key management, privacy and consent are cornerstone capabilities in this new healthcare economy and we believe NuCypher is on the leading edge in this space,” says HealthCombix Founder and CEO Cyrus Maaghul.
The NuCypher technology, called proxy re-encryption, is a type of public-key encryption that allows a third-party proxy to transform ciphertexts from one public key to another (using re-encryption keys) without learning anything about the underlying message. NuCypher is planning a token sale in the months ahead and is backed by PolyChain Capital among other notable investors. The NuCypher token will be used as an economic incentive to ensure correctness of computation.
“We’re excited to partner with HealthCombix to rethink healthcare from the ground up. HealthCombix’s modular approach is differentiated and, I believe, correct. Decentralization will have a significant impact on the healthcare industry in the coming years and by giving patients greater control over their health records and their treatment options, HealthCombix will be driving much of this change,” said NuCypher Founder and CEO MacLane Wilkinson.