MedVault, a proof-of-concept that would allow patients to record medical information on the bitcoin blockchain, won €5,000 in prize money at the Blockchain Hackathon this weekend.
The event – held in Ireland and sponsored by Fidelity Investments, Deloitte and Citi – saw approximately 150 participants pitch ideas, form teams and build on concepts in just 50 hours.
Graham Rhodes, a MedVault developer, indicated that the project was able to separate from the competition because of its use of the blockchain to "anonymize" medical records.
The application can be seen as one of a growing number of both formal and informal projects that aim to use the bitcoin blockchain as a secure database for recordkeeping.
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