Sejong Telecom will build a platform for Blockchain-based cloud medical data processing and NFT issuance for medical image data
SEJONG Telecom, Inc. to Build Blockchain-Based Cloud PACS Construction and NFT Issuing Platform for Medical Image Data. It will form a consortium with IRM Co., Ltd. and Pusan National University Hospital to build a platform for blockchain-based medical data management and NFT issuance for medical image data.
Sejong Telecom Consortium was selected for the blockchain technology validation project PoC (Proof of Concept) supporting blockchain-related services before commercialization by the National IT Industry Promotion Agency (NIPA). The aim of this project is to develop cloud PACS (Picture Archiving and Communication Systems), build a blockchain system and build an NFT issuing system service. Through this project, the consortium plans to increase the security and utilization of medical data by moving existing medical PACS to the blockchain and converting data to NFTs.
The significance of this project is the establishment of a platform for safe trading of domestic medical data. Although the economic value of Korean medical data is estimated to be around 2 trillion won, it is only used in limited ways due to its closed nature, exclusivity, and the general lack of available data. Concerns about low-quality data breaches and privacy violations in the illegal medical data market in Korea, estimated to have a market size of more than 10 billion won, have led to calls by industry professionals for open management of the delivery, storage and use of medical data.
Sejong Telecom had previously been selected as a Busan Blockchain city demonstration operator and led the development of a blockchain-based data platform by establishing a medical My Data platform, B-Healthy. The knowledge and expertise from their previous work will help with the implementation of this new project.
In addition, to lay the groundwork for a medical video NFT exchange in the future, the consortium will issue NFTs for future medical data to clarify ownership and establish a platform to provide data usage fees to owners. Through this, it is expected to alleviate the problems of hospitals monopolizing and privatizing data and contributing to the spread of the My Data industry and the expansion of the scope of medical data use.
For this project, Sejong Telecom is responsible for setting the business direction, overall operations management, leading research and development, developing blockchain systems (middleware, monitoring functions, etc.), and developing NFT issuing systems for medical images. IRM will develop a cloud-based system for the storage and transfer of radiographic images,
pathology images, and operation images in international standard format and implement web services for medical institutions and patients. Pusan National University Hospital is responsible for uploading video data, providing a test bed environment, and running and managing the consent process for personal information.
Wang Young-Jin, director of Sejong Telecom, said: “We have played a major role in expanding the base of the blockchain business and commercializing it by successfully carrying out various projects in education and finance.” He added, “this technology verification project has enabled Sejong Telecom to form a business portfolio that includes NFT issuance and the opening and operation of exchanges. It is expected to create high added value through the recycling of medical data.”
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