In a press release on its website, Nokia announced that it had begun the project with OP Financial Group. One hundred participants are taking part in a bid to test how they could store and share their health data while also enjoying a degree of privacy around that information.
The companies are using a blockchain due to the security features it offers, according to Nokia’s website. The software allows the company to control access to the data being collected, ensuring that only verified parties can access it.
As Nokia explained in its announcement:
“While the value of connected health data is widely recognised, it is often not leveraged to its full potential due to authenticity, availability and privacy concerns. Trust is a vital requirement in order for health data to provide the greatest benefit to individuals, families and our global society.”