As NFTs Revolutionize Digital Health, One Company Is Stepping Up To Lead With New Platform
Correlate Health, Inc. has opened a crowdfunding (Reg CF) campaign to investors to support their new digital health NFT initiative.
Atlanta — June 16, 2021 — With their recent meteoric rise, Non-Fungible Tokens (NFTs) no longer exist solely in the realm of arts and entertainment.
Now, these units of data stored on blockchains to certify digital assets are being used within the digital health space as a way to empower patients, improve clinical trial participation, and open communication between patients and providers.
According to a recent article in Forbes, NFTs are transforming healthcare by creating certificates of authenticity for health data, prescriptions, even their physical elements such as blood.*
Correlate Health, Inc. plans to participate in the digital health NFT revolution through their digital health marketplace focusing on the development, acquisitions, and investments of Healthcare Meaningful Use applications in healthcare, web services, and data transformation tools. Meaningful Use is an initiative to harness information technology to improve patient care.
Through their secure digital health NFT platform, they aim to benefit both patients and health care teams by building a one-stop digital health management marketplace. The platform, with includes remote patient monitoring (RPM), decision-making tools, patient-facing apps, and much more, enables physicians and care teams to easily assign meaningful use applications to each patient’s portal. Patients can use the portal to manage their individual care plans while providers can track patients’ engagement and progress, driving interventions and outcomes.
“Your Health Is Your Wealth,” as our purpose is improving the condition of humans and animals by encouraging more participation in clinical research as its value to individuals and society is necessary.
As part of this, Correlate Health, Inc. hopes to move the needle in encouraging minority groups to participate in clinical trials using their NFT platform. As studies find racial and ethnic diversity in clinical trials is lacking despite FDA recommendations regarding demographic characteristics of specific study populations, according to a recent JAMA Network Open study.
Correlate Health’s NFT Clinical Trial/Studies Platform
How it works: After downloading their health records securely and authenticating them as NFTs, patients can then search for clinical studies that match their individual requirements and eligibility. They can create NFTs to monetize their health data, negotiating the monetary value and use terms of their data.
Once this has been determined, the consumer will be able to collect royalties as defined in the NFT smart contract’s parameters each and every time their health data is resold in the Correlate marketplace. They can also secure decentralized finance (de-fi) loans using their NFTs as collateral.
“We wanted to create a way for people to understand the value of their health data,” said Nailah Malak, CEO of Correlate Health, Inc. “We have created a unique system allowing people to generate wealth by leveraging their health data while contributing to clinical research. With our new NFT platform, your health can literally become your wealth.”
Correlate Health, Inc.’s Reg CF crowdfunding campaign is now open to U.S residents only via Netcapital. For more information, go to https://netcapital.com/companies/correlate-health.
View a video about Correlate Health, Inc.’s NFT digital marketplace at https://youtu.be/w7JRroPbVvY.
Learn more at https://www.correlatehealth.com. Follow Correlate Health on Twitter at @correlatehealth.
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