DGAP-Adhoc: Aladdin Blockchain Technologies Holding SE: Aladdin delivers first phase of software to China

Aladdin Blockchain Technologies Ltd, London, ("Aladdin Ltd.") the 100% subsidiary of Aladdin Blockchain Technologies Holding SE, ("Aladdin") has today commenced delivery of the first phase of its contract with the Shenzhen Guo Yi Hui Hospital Management Co, the licensee ("Guo Yi").
 
Guo Yi is a management company currently operating 40 hospitals and clinics in China. Under the contract, Aladdin Ltd shall develop a software based on the blockchain technology, enabling an immutable audit trail of access and change to medical records and bring new efficiencies to health record management. The contract also stipulates that Aladdin Ltd will build artificial intelligence related technology to detect health and disease patterns more easily and intelligently.
 
The first stage includes:
 

• The initial launch of patient, doctor and administrator applications, designed to improve patients' engagement with healthcare professionals. The applications allow medical professionals to view and edit patients records in real time, improving the diagnosis process as well as the overall patient experience.

 

• The launch of big data platform within China, which is compliant with the Health Insurance Portability and Accountability Act (HIPAA), to securely store medical data. This data store shall form the foundation for Aladdin's machine learning and advanced/predictive analytics, which will be employed for the purpose of improving preventative care.

 
 
Aladdin considers this initial launch as the gateway to access the 4 million clinical patients and 26.5 million hospital patients that currently use the 40 hospitals and clinics operated by Guo Yi Hui that will now look to onboard the patients and doctors onto the platform.
 
 
Aladdin Blockchain Technologies Ltd will now enter the second phase of its technology delivery to Guo Yi Hui which it expects to be the validation of a proof of concept, to use blockchain technology to act as an immutable audit trail of access and change to medical records. Aladdin expects this to be delivered in the second half of 2018. 

Wade Menpes-Smith, CEO