1.Du launches first health blockchain solution to ensure patient safety

      2.Major Oil and Gas Companies Join New Blockchain Oil Trading Platform VAKT

1.Du launches first health blockchain solution to ensure patient safety

Du, from Emirates Integrated Telecommunications Company (EITC), has announced its latest Blockchain Platform as a Service (BPaaS) use case by entering into a collaboration with Dhonor HealthTech – a leading national company focused on global healthcare blockchain solutions – to build the UAE’s first Patient Safety Blockchain Solution.

Not only is Blockchain used for data integrity over a decentralized network, but it also ensures high security and transparency of data that allows a patient-centric approach to Blockchain in healthcare. This incorporates direct communication with key stakeholders, access to healthcare resources, and verification of authentic medicines, which are the main drivers of the Patient Safety Blockchain solution.

This solution is design on du’s Blockchain platform as a service (BPaas) in order to provide authenticity and compliance traceability that delivers the transparency and trust that has eluded the healthcare industry to date.

This most recent BPaaS use case builds on du’s strategic partnership announcement with ConsenSys to build the UAE’s first BPaaS, at GITEX technology week 2018. This was showcased through an exciting use case using smart contract capabilities to facilitate and automate the process of document and certificate attestation by government entities.

2.Major Oil and Gas Companies Join New Blockchain Oil Trading Platform VAKT

On January 16, London-based blockchain oil trading platform VAKT announced that oil and gas giants Chevron, Total and Reliance have joined its new blockchain-powered commodity trade platform.

VAKT Puts Oil onto the Blockchain

VAKT’s mission is “to digitize the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain,” according to its website.

In a company press release, VAKT announced that it has received investments from Chevron, Total and Reliance and that the three oil companies will join its blockchain oil trading platform as new users.

The VAKT platform provides a digital ecosystem for physical post-trade processing in the commodity market. It was launched on November 28, for the BFOET crude oil market to manage physical energy transactions from trade entry to final settlement by leveraging the immutability and auditing prowess of the blockchain.

The VAKT platform is expected to bring substantial cost-savings to stakeholders in the oil trade supply chain process by eliminating paper-based processes.