THELOGICALINDIAN - Verida a web3 abstracts agreement has teamed up with MAPay a all-around healthcare Fintech close to action a decentralized bloom tech arrangement in Bermuda by leveraging the Algorand blockchain belvedere MAPay will reportedly advance their healthcare solutions with abetment from Verida which offers decentralized character trusted accumulator clandestine abstracts buying decentralized messaging and connectivity to the Algorand blockchain network
MAPay is focused on creating healthcare tech solutions in Bermuda for bloom provider credentialing services, accommodating bloom abstracts solutions as able-bodied as healthcare payments. Verida will aim to accompaniment MAPay technology and action connectivity to Algorand as the adopted blockchain for acute affairs as able-bodied as stablecoin payments.
MAPay’s belvedere will be application the decentralized identity, messaging and accumulator capabilities of Verida’s framework. This should acquiesce stakeholders aural medical business including government agencies, insurers, healthcare providers and patients to acquire their amount hypothesis from the MAPay Network as a Service; accouterment a allotment of healthcare abstracts beyond healthcare providers with a adaptable “Vault” that secures PHI.
The MAPay solutions additionally abutment blockchain or broadcast balance tech (DLT)-powered stablecoin payments for healthcare casework as able-bodied as a badge administration and rewards ecosystem. The Vault will be bond up with acceptable healthcare software to accredit patients to accelerate or appeal data, appeal payments for services, and action post-care abutment services.
This supports healthcare solutions like bactericide healthcare, analytic balloon recruitment, permissioned administration for healthcare analysis and assorted acquittal models.
Michael Dershem, Founder and CEO of MAPay, said that this “digital highway” that they are developing will accredit added DeFi apps to admission their rails, enabling animal and basic assets to be provided added efficiently, which can advice with accelerating these avant-garde models.
Chris Were, Co-founder and CEO, added that the accord with MAPay will see blockchain-powered technologies accompany real-world amount to the Bermudan bloom industry.
Were additionally acclaimed that they are alive with Dersh The and the aggregation at MAPay so they can accompany decentralized bloom administration to Bermuda residents, accurate by the capabilities provided via the Verida claimed abstracts protocol. The cooperation amid Verida and MAPay aims to action greater open, defended and user-centric bloom casework application Web 3.0 technologies.
MAPay’s administration added acclaimed that they abide committed to deploying DLT solutions to abutment acute affairs while transacting highly-secure medical solutions. The close has implemented a band-aid leveraging centralized and decentralized protocols for administration multi-party medical payments and HIPAA-compliant abstracts exchange. MAPay is alive carefully with hospital networks, convenance administration systems, biologic firms, allowance payers and government agencies.
MAPay says it’s focused on allotment patients and healthcare providers by harnessing the ability of blockchain tech to adjust incentives, lower costs, and accommodate greater accuracy and abstracts exchange. The close says it believes in permissionable, open-sourced arrangement collaboration, and band-aid sets that are absolutely impactful.
Meanwhile, Verida serves as a arrangement of claimed abstracts that’s endemic and controlled by users, incentivizing them to tap into their abstracts on centralized platforms. Builders are able to admission this abstracts for assorted use-cases like storage, messaging and distinct sign-on. User’s clandestine abstracts may be fed into acute contracts, acceptance for connectivity to several altered blockchains.
The Verida Vault is a adaptable app that serves as a abstracts wallet and crypto wallet for end-users.
It offers clandestine key administration as able-bodied as an automatic interface for interacting with the Verida arrangement and assorted DLT platforms. This serves as the access point for end-users to finer administer their identity, assurance in to apps, booty affliction of claimed data, accelerate and accept letters and additionally administer blockchain transfers/tokens.
