DEVITA, a blockchain-based health data platform aiming to optimize legacy healthcare processes and operations through the latest innovations in decentralized identification (DID) and non-fungible token (NFT) technologies, is going live on Polygon.
DEVITA’s technology focuses on introducing the principles of Data Sovereignty to existing health data management processes by ensuring health records of its users are stored, transmitted, and exchanged securely in a decentralized manner. The platform utilizes an ERC-1155 NFT token (ONE-ID) that gives users universal access and control over their encrypted data, offering decentralized data ownership while adhering to all GDPR, HIPAA, and other privacy regulations. The ONE-ID is minted and stored in a single wallet address after a user completes various levels of KYC verification. Within the DEVITA ecosystem, users can elect to give access to their data to healthcare providers for their services or participate in the greater data marketplace through their ONE-ID.
Given the scope of DEVITA’s ecosystem, the speed of accessing data and affordability of transactions were two key factors of consideration for market adoption. With Polygon’s network, DEVITA can leverage lightning-fast data transmission and exceptionally low transaction costs to provide opportunities for more equitable healthcare and personal data management to its users.
“From the beginning, it was clear to us that Polygon’s fast transaction speeds and low fees would be indispensable to achieving our goals. Joining the Polygon network marks an important milestone in our journey,” said Eric Choi, co-founder of DEVITA. “Ultimately, our vision is to create the intersection between blockchain technology and the right to better healthcare, because that is what we find meaningful. Polygon’s network, with its capabilities, can be seen as the highway upon which that endeavor truly commences.”
“Furthermore, we couldn’t be more excited at the prospect of gaining exposure to Polygon’s millions of users and their broader ecosystem.”
Polygon hosts some of the biggest Web3 platforms and developers in the industry, from decentralized finance (DeFi) protocols such as lending platform Aave to luxury brands company Dolce & Gabbana, and even NFT marketplaces including OpenSea and Mark Cuban’s Lazy.com. The network has processed close to 1.5 billion transactions and is now home to over 7,000 decentralized apps (dApps) and more than 130 million addresses.
Take a deep dive into DEVITA’s whitepaper and stay tuned to our blog for the latest on the Polygon ecosystem!
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