Chainlink will work together with Solve.Care to help bring smart contracts and real-world data to the healthcare industry.
Their truly decentralized oracles can potentially transfer all kinds of off-chain medical data to blockchain-based healthcare networks. The two projects announced the partnership on October 19.
Solve.Care is a global healthcare blockchain platform that works with government agencies, insurance companies, clinical organizations, employers, and others. Their goal is to completely change the way people see healthcare by providing access, delivery, and payments in a completely redefined way.
Through Solve.Care, medical platforms can administer healthcare more efficiently, improve access, accurately pay providers for results, and improve the outcome and costs of inpatients.
The platform itself is specially designed for the healthcare industry. Solve.Care provides various features such as a wallet, cards, vault, coin, and an all-inclusive protocol. All of these fill the roles and symbiotic relationships that the healthcare sector requires.
However, to prepare these utilities for widespread adoption, they need to be compatible with real-world institutions and companies as well. To bridge the gap between on-chain and off-chain data, Solve.Care partnered with Chainlink.
Connecting off-chain medical data with smart contracts
The platform partnered with the decentralized oracle solutions provider as a result of their extensive role in the smart contract industry. In the blog. Solve.Care regards Chainlink as a market-leading decentralized oracle network that can be used to secure and transfer off-chain medical data to smart contracts.
This could revolutionize the healthcare industry as it would lead to transparency, lower costs, and higher efficiency.
Commenting on the partnership, Solve.Care CEO Pradeep Goel stated:
“This integration gives us tremendous options to use Chainlink’s secure networks to ensure a more efficient healthcare process across the industry. From individual patient care to practitioners, insurance providers, and medical device industry needs, Chainlink oracles will allow us to address any external data requirements of our smart contract solutions for the healthcare industry.”
Likewise, the Head of Chainlink Business Development Daniel Kochis shared his enthusiasm about working together with Solve.Care. He commented:
“We’re excited to be able to collaborate with Solve.Care in expanding the scope of oracles in their healthcare platform. Chainlink’s oracle network will ensure that Solve.Care smart contracts have secure and reliable access to accurate healthcare data, enabling clinicians, patients, financiers, and regulators to accomplish better healthcare outcomes with much greater efficiency.”
What does Chainlink integration entail?
By integrating Chainlink, Solve.Care will implement a variety of features. For example, the healthcare blockchain-based platform will now have access to credential management capabilities. This allows it to connect with external APIs that help connect off-chain medical data to smart contracts.
Moreover, the platform will be able to utilize a secure and reliable oracle infrastructure. More importantly, it will use an infrastructure that is highly based on decentralization and data signing. By doing so, the project ensures that the data they receive is not manipulated.
Last but not least, Solve.Care will have flexibility when it comes to providing transparency for auditing and privacy-based oracle solutions. This ensures data confidentiality, helping them maintain their status as a regulatory-compliant platform.
This is just one of many Chainlink’s partnerships and integrations this October. As Defiye reported earlier, the decentralized oracle project now works with many DeFi projects. For example, PlotX decided to integrate Chainlink’s price feeds to provide accurate data to prediction markets. In their latest news, Chainlink announced the creation of the Synthetix sDEFI/USD price feed.