Humana has patented a system using Blockchain technology to maintain accurate health data and reward data market participants. Smart contracts provide rewards for correcting medical data, with a URL API for data access. The method involves connecting buyers and sellers of data for updates and accuracy validations. GlobalData’s report on Humana gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Humana, AI for workflow management was a key innovation area identified from patents. Humana's grant share as of May 2024 was 39%. Grant share is based on the ratio of number of grants to total number of patents.
Blockchain platform for maintaining accurate health data with rewards
A recently granted patent (Publication Number: US11990215B2) outlines a method for utilizing a blockchain platform to establish a data market that connects data buyers and sellers to maintain up-to-date data sets. The method involves executing software code stored on computer-readable mediums to perform various steps. These steps include providing a data set on the blockchain platform, requesting updates and accuracy validations, creating smart contracts for rewards, receiving submissions for updates and validations, authorizing payments through the platform, and utilizing encrypted values to access stored data updates off the platform. The patent also includes provisions for storing data sets as cryptographic hashes, handling medical data, escrowing rewards, encrypting values, and involving mining users in the process.
Furthermore, the patent details additional features such as comparing data sets for accuracy, providing truth data for validation, using public keys for encryption, associating mining users with the platform, and facilitating payments through smart contracts. The method described in the patent aims to create a transparent and efficient data market environment on a blockchain platform, particularly focusing on healthcare data sets. By incentivizing users to provide accurate updates and validations, the system ensures the integrity and reliability of the data shared within the market. With a strong emphasis on security, validation, and incentivization, the patented method offers a structured approach to maintaining data accuracy and reliability in a decentralized marketplace setting.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
