Boltt Protocol, one of Klaytn’s Initial Service Partners, is the incentivized healthcare service leveraging blockchain and gamification. We are interviewing its CEO, Arnav Kishore.
Klaytn: We are interested in knowing more about you and your team.
Arnav: I have been a sportsman and health and fitness data enthusiast for years. I founded Boltt 5 years ago with a mission to transform healthcare for all, and since then, we have managed to expand our ecosystem with thousands of users and credible partners. Our team also consists of seasoned professionals and veterans with previous work experiences in advanced health data solutions, mobile applications, and wearable technology products.
With Boltt Protocol, we have built a decentralized health data sharing network that enables users to own, control, and monetize their health data. Users are rewarded for sharing their data, which is transferred to decentralized storage via permission-based sharing. Further, by staking Boltt tokens on the platform, health organizations including hospitals, insurance, pharmaceutical companies, and IT companies can access this data to analyze and derive meaningful insights.
Klaytn: Can you tell us more about how and why you decided to partner with Klaytn?
Arnav: We share Klaytn’s vision for blockchain mass adoption. Boltt is building products and solutions with a mission to unleash global potential of blockchain for the mass as well.
Also, we are leveraging Klaytn for faster transactions and better scalability solutions. Klaytn’s technology is designed to make a highly reliable and trust-reinforcing blockchain platform with high performance that can enable products and services to benefit from a higher degree of transparency, integrity, and security. We believed that Klaytn is the ideal platform for Boltt Protocol.
Klaytn: Tell us more about your blockchain service.
Arnav: Boltt Protocol is a decentralized service that empowers users to own, control, and monetize their health data, and at the same time enables permission-based sharing of users’ data with organizations that help manage users’ heath. In the data sharing process, our service gives solution for privacy and secure data transfer issues by using Smart Contracts and decentralized storage on the blockchain. Once shared, the users are rewarded with Boltt Tokens for contributing to the network. The tokens are later used to avail products and services offered by health and fitness organizations. With this overall incentivized service, Boltt marketplace enables personalized commerce. Further, by gathering all of users’ health data, our platform provides continuous access to the data from over 350 in-home medical devices, wearables, pharmacies, EHRs, labs, patient portals, mobile apps, personal doctors’ office, and anywhere else it is stored.
Further, with the users’ shared datasets, the organizations and developers are empowered to make better decisions. The access to datasets enables them to derive and analyze meaningful insights from the data. The datasets will be delivered via customized APIs and decentralized storage solutions on the network. The Boltt network will encompass a highly focused health community, enabling the health organizations to effectively market their products and services based on data-driven decisions.
Klaytn: How do you foresee the future of blockchain industry?
Arnav: I cannot imagine the future of healthcare without blockchain technology. The healthcare industry is in the midst of a major paradigm shift, witnessing some exponential growth. The world is now predicting a 300% growth in healthcare data between 2017 and 2020. This exponential growth is not only from internal systems such as electronic health records but also from external touchpoints at consumers’ ends including wearables, fitness apps, medical devices, etc.
With this importance of health data, I would say, blockchain and healthcare are a perfect match. That is, blockchain technology allows transparent, peer-managed, secure data tracking across computing devices, and creates a public, chronological database. Also, decentralization disrupts the traditional data brokerage process in healthcare industry. And most importantly, blockchain will empower users to monetize and regain control of their own health data.
