A Smart Contract is an application that automatically executes, controls, and/or documents contractual terms, events, and actions according to mutual agreement between the contracting parties. Smart Contracts are designed to reduce or eliminate intermediaries, arbitrators, and/or fraud associated with traditional paper contracts. Smart Contracts use blockchain mechanisms to record terms, events and actions.

Current health care information systems use standard security techniques storing data in plaintext with perimeter security techniques to guard against unauthorized access and disclosure. These security perimeters are made up of thousands of hardware and software modules that are constantly changing with bug fixes, feature upgrades, and product replacements. With this architecture, it’s a statistical certainty that breach points exist with the only unknown being whether they have been found and exploited.

The absence of data sharing in healthcare limits the comprehensive view of a patient’s medical history and treatments across different providers, leading to fragmented care, redundant tests, and potential gaps in critical information, ultimately impeding timely and informed decision-making for effective patient treatment and management.

Navigating complex regulations like HIPAA (Health Insurance Portability and Accountability Act) and ensuring adherence to various data governance policies across different regions adds layers of complexity to data-sharing initiatives in healthcare.

By enabling computation on encrypted data, Fully Homomorphic Encryption (FHE) addresses healthcare data sharing challenges by securing sensitive healthcare data at rest, during transmission, and during computation. FHE enables patient data analysis and processing without ever exposing patient data in plaintext and to potential exposure or breach. This guarantees security and privacy for patient data and also allows seamless sharing and collaboration among different healthcare ecosystem entities with different patient data sets.

Encrypting medical sensor and device data with Fully Homomorphic Encryption (FHE) at its source not only allows for fully secure and confidential transmission, storage, and analysis on untrusted cloud platforms, but also guarantees that data will remain unmodified protecting against potentially dire impacts to patient outcomes. End-to-end FHE encryption ensures that sensitive health information remains protected and unmodified throughout its journey, guaranteeing not just the confidentiality of the data and its analysis but also that the data remains unchanged.

FHE enables regulatory-compliant data sharing in healthcare, pharmaceuticals, and medical industries by securely encrypting sensitive information, ensuring adherence to strict privacy regulations (e.g., HIPAA), allowing collaborative research without compromising patient privacy.

Processing the blockchain at speed to achieve simultaneous or near simultaneous transactions across multiple nodes delivers transparency, efficiency and security.

Fully Homomorphic Encryption (FHE) allows computations on encrypted data so that information and its computational derivatives remain secure from disclosure and/or breach throughout its lifecycle. Sensitive data is only exposed in controlled trusted environments.