Timicoin Whitepaper

Personal health data is currently not used efficiently nor effectively due to
fragmented information created and isolated throughout hospitals, physician
practices, pharmacies, and laboratories. Sharing healthcare data from one
institution to another has been a complex task due to privacy concerns and fear
that sharing information will give others a competitive advantage. Today’s
electronic medical records (EMRs) have varying data standards that inhibit
interoperability since records are not compatible between systems. Inconsistent
rules and permissions prohibit health organizations from accessing real-time
patient data. A health information exchange (HIE) is defined as a reliable and interoperable
electronic sharing of clinical data obtained by the patients, physicians, nurses,
pharmacists and other health care providers across unaffiliated institutions
which in turn creates a network effect. This enables data to follow patients
wherever they receive care. A blockchain powered health information exchange
(HIE) would establish the interoperability that is lacking in today’s healthcare
infrastructure. Furthermore, this would allow for coordinated patient care and
eliminate unnecessary services and duplicate tests. Improved data integrity,
reduced transaction costs, decentralization and disintermediation of trust,
establish the benefits that a health information exchange (HIE) delivers.
The purpose of Timicoin is to provide a blockchain solution that will secure
healthcare information within a health information exchange (HIE). This will
effectively deliver patient records in a consistent and real-time manner, only to
be accessed via a smart contract after patient authorization. Timicoin’s Health
Information Exchange will provide an optimized environment where health data
is structured and secured, leading to better data utility and improved patient
care outcome.

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Timicoin Whitepaper