The Bitcoin Eggschain-based genetic tracing system has announced a partnership with Boston IVF Chain with 30 reproductive health clinics in the United States.
The new partnership will use Eggschain blockchain technology to track cryopreserved sperm for use in IVF and other fertility and infertility treatments, as well as long-term storage of genetic data. An Eggschain spokesperson said:
“Using blockchain to track vital samples such as sperm and eggs is empowering people with fertility problems. This key partnership provides greater trust through data openness and immutability. ”
Boston IVF, founded in 1986, is a network of fertility clinics specializing in IVF, genetic storage and endocrinology. The clinics are reported to have helped give birth to over 100,000 babies so far. More than 30 reproductive endocrinologists have been trained under the REI accredited fellowship program.
David L. Stern, CEO of Boston IVF, said he hopes that blockchain technology will improve the customer experience “with unprecedented levels of transparency and security.”
Austin-based Eggschain is a healthcare technology company that creates a supply chain solution for the fertility industry using a multi-layer Bitcoin-based blockchain. It manages the storage management system for genome, stem cells, DNA and RNA, organs, tissues, blood and IVF related safety. It is expected to shorten the time of the sperm selection process in global jurisdictions by registering data on the platform, protecting patient data at a high level, preventing mis-archiving of data, and increasing the transparency of the public process.
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Through a partnership with Boston IVF, Eggschain entered the $ 21.89 billion global IVF market that is expected to reach nearly $ 34 billion by 2028, according to a report from Grand View Research.
The healthcare industry has used several blockchain technologies such as CURE Chain and Aimedis, which use non-fungible tokens to help patients store data and even offer cryptocurrency rewards to add to their profile.