Healthureum, a healthcare based startup, has raised funding of $ 15 million to develop the blockchain  technology. It  is further looking toward to the implementation of the Alpha model of blockchain technology in the hospitals by November 2018.

The Estonasia-based company is all set to revolutionize the modern healthcare system through blockchain technology in India. It claims to notably improve interoperability of healthcare services via healthureum tokens (HHEM), providing a secure and efficient medium to consumers for paying and accessing their healthcare services.

The ethereum based platform is said to consolidate all medical data of the consumer which will be secured with encrypted codes. It aims to decentralize health care industry and to efficient future proof procedures by bridging the gaps that the country is dealing with, like lack of resources, accessibility, high cost, privacy and security.

It will help to connect all hospitals on a global scale, improving the rate of shared  information between institutions. The system guarantees full fledged transparency and clarity, providing the ultimate solution to key stakeholders. With healthureum, a 360-degree blockchain based health care system, it will be easier to track the transaction nodes between the key participants like drug manufacturers, wholesalers, pharmacists, medical representatives thus securing the product information, combating the problem of counterfeit drugs which will contribute to overall Drug Traceability on the smooth road.

Ritu Tyagi, director of marketing, Healthureum, said, "We are positive that the establishment of a decentralized framework will induce a chain reaction to rejuvenate the operational and administrative procedures in both institutions and the bureaucracy not only in the west but across countries”.

According to the research, The Global Healthcare Expenditure is growing at an unprecedented rate and is expected to reach 8.7 Trillion Dollar by the year 2020 as compared to $7 trillion  in 2015.