Polygon Networks, Tokenology and MSP Recovery will create a health insurance platform on the blockchain – Bits Media

Polygon Networks, Tokenology and MSP Recovery will launch a platform on the LifeChain blockchain to control health insurance services, provided to socially vulnerable categories of citizens of the country.

LifeChain is being developed by MSP Recovery and Tokenology to be fully tokenized and secure biometrics system for monitoring the implementation of health insurance programs for persons from 65 years and medical assistance to those in need.

According to the developers, Blockchain will help solve such problems, how to control applications for medical care, access to medical history data, identification of outdated technological processes, inefficiency of payments and prevention of fraud in the provision of insurance medical services.

LifeChain will be integrated with the MSP Recovery consumer app, which is designed to provide stakeholders with access to patient records and resources to provide care. Expected, that to 2024 year, the number of daily tokenized medical claims will exceed 50 million.

In March, the American pharmaceutical company CVS Health reported, what does blockchain plan to use?, NFTs and metaverse elements for sales in virtual pharmacies.