THEKEY IDV Product Was Promoted to China Henan Province with 18 Cities
August 6th, 2018, Kaifeng City China: Since THEKEY launched its “Kaifeng Human Resources and Social Security 123 Application” in Kaifeng City since 2015, the functions of the proprietary application has been expanding and evolving in the past 3 years, with the first generation of identity verification (IDV) solution embedded in the App. Powered by THEKEY’s Dynamic Multi-dimension Identification (DMI) solution, the App is a multi-functional mobile service platform delivering social security, medical insurance, healthcare treatment and pension payment functionality for daily use to over 4.5 million insured patients in Kaifeng City. Because of its excellent reputation and superb functionality, THEKEY was invited to demonstrate and promote this product to over 160 leaders from 18 regional cities at Henan’s Provincial Work Conference for Human Resources and Social Security held on August 6th.
This annual conference is dedicated to evaluating and promoting human resource, social security and related information technologies being deployed across the social security system. Included among the many leaders present at the event was Mr. Shiwei Liu, Director and Secretary of Henan Province’s Party Leadership Group for the Department of Human Resources and Social Security, and Deputy Minister of Henan’s Organization Department.
This last May, far ahead of its roadmap schedule, THEKEY launched its testnet, the initial MVP (Minimum Viable Product) THEKEY committed to in its White Paper. The testnet was launched under the application scenario of smart mobile medical insurance payments, and has received significant recognition from relevant government authorities. The launch of testnet is the first application of THEKEY’s Blockchain Based Dynamic Multi-dimension Identification (BDMI) solution to medical insurance payments, a breakthrough for the company. Because of this accomplishment THEKEY MVP was granted the only national award that China grants in the area of blockchain applications during China’s International Big Data Industry Expo this last June 4th, 2018 in Guiyang, China (https://markets.businessinsider.com/news/stocks/thekey-mvp-testnet-won-a-national-award-at-the-china-international-big-data-industry-expo-2018-1026408670).
With over 95 million citizens, Henan is the 3rd largest province by population in China, and has an obvious and urgent need for a highly efficient social security service with optimal user experience. With this project Henan delivers a significant user base for the real-world application of THKEY BDMI platform post the initial launch of THEKEY’s mainnet. It also sets the stage for the further “real world” deployment of THEKEY’s “Healthcare Big Data Exchange Platform” and subsequent related applications.
Powered by THEKEY’s Medical Term Standardization (MTS) engine and related big data cleansing and processing technologies, the Healthcare Big Data Exchange Platform aims to collect, process and standardize the lifecycle Individual Patient Data (IPD) sets, and eventually enable the integration of all patient data within a single comprehensive “Health View”, with each patient’s unique ID as a prime index. It collects data across 7 dimensions, including: out-patient and in-patient hospital records, medicine purchasing records in drugstores, follow-up records in community hospitals, smart wearable devices data, medical insurance claim data and user behavior data collected from the Human Resources and Social Security 123 App. The following graphic illustrates our interface to this dashboard.
The completion of our Healthcare Big Data Platform will signify a significant milestone in the implementation of blockchain to the global healthcare industry, and should largely increase the overall efficiency of China’s healthcare services as it promotes innovation and greater efficiencies in healthcare, lowering costs while improving user experience.
About THEKEY
THEKEY is a decentralized ecosystem of Identity Verification (IDV) tools integrating national big-data and the blockchain. THEKEY’s project team is now developing its identification verification (IDV) tool with blockchain using its proprietary Dynamic Multi-dimension Identification (BDMI) platform, uniquely using Personally Identifiable Information (PII) that has been exclusively authorized by the Chinese Government. THEKEY token (TKY) is the only method by which to settle smart contracts signed between all participants across THEKEY Ecosystem. THEKEY testnet was launched in May 2018, and its mainnet is scheduled to be released at the end of this year. TKY is currently tradable across a number of exchange platforms such as HitBTC, Bit-Z, KuCoin, Lbank, Coinrail and LATOKEN.
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