Hedera is widely recognized for its technical and governance expertise. It aspires to support human-centered services that are appealing to the HBAR Foundation since they are aiming in the same direction. It also has the highest level of expertise geared toward tackling real-world health challenges. Web3 technology is not singly focused.
The technology developed with Hedera will address healthcare and privacy-related use cases. This will necessitate strict adherence to regulations and, above all else, the preservation of lives.
The HBAR Foundation has provided support for several privacy-related initiatives, including iOwnMe Individual’s Right Protection by iPrivata, Tuum Metamask Identity Snap, HealthReady Cancer Patient Engagement, MyTERA Task Exposure and Occupational Health Assessment, and Health Data Explorer+ Public Health Reporting in collaboration with State Bank of Alabama.
An individual’s internet privacy elements are highly valued. This demands a space where one can have complete control over his own data, hence giving additional security.
The prior achievements in privacy matters speak volumes about the potential of Hedera-developed services in certified industries with rigorous adherence requirements.
The utilization of authenticated HIPAA/GDPR mechanisms is one of the primary objectives that will be accomplished with the assistance of Hedera’s ingenuity and the HBAR Foundation’s support. In addition, costs associated with data centralization are reduced, and provisions are made for cryptography authentication and upgrades as needed.
In general, there are two primary determinants—healthcare and privacy—that have a profound impact on individuals and society as a whole and in which DLT solutions play a significant role.