Bitfury Group announces partnership to develop AI healthcare blockchain solutions

The Bitfury Group, a leading full-service blockchain technology company has announced a collaborative agreement with Insilico Medicine, Inc., a Baltimore-based Artificial Intelligence (AI) and bioinformatics company, to develop innovative solutions for healthcare applications using blockchain technology. The two companies signed a memorandum of understanding (MOU) to collaborate in academic and commercial settings to develop solutions that could reform the healthcare industry. With the healthcare industry and the future of data collection ripe for innovation, Bitfury and Insilico are collaborating to study and develop blockchain and AI solutions for sharing, managing, tracking and validating healthcare data. "Blockchain can secure and streamline our medical systems, while AI has the potential to revitalize data management and machine learning to help identify trends and diseases. By partnering with Insilico, we will be able to combine their expertise in deep learning and bioinformatics with our blockchain proficiency and real-time solutions to create bespoke and innovative new products for the healthcare sector."