Nokia has revealed the details of a blockchain pilot that aims to give people more control over their personal health data.
In collaboration with OP Financial Group, Nokia seeks to explore the potential of blockchain technology in the field of digital health. The pilot has 100 participants initially and uses Nokia’s experimental blockchain platform which particularly focuses on privacy and giving users full control over their data.
In the pilot, users are rewarded for sharing data coming from their Nokia wearable devices. The data that a user decides to share is encrypted and could be read only by the intended participants on the platform.
Through the pilot’s app - Nokia Steel HR, participants’ daily steps and sleep hours are shared, which leaves a reliable and privacy-preserving footprint on the blockchain. On the basis of the data collected, OP automatically rewards the users with points depending on their progress towards their fitness goals.
In addition to securing health data, the pilot would the companies to explore the possibilities of incentive models, such as smart health insurances and work health programs.
“We’re excited about the collaboration with Nokia. It is great to see Blockchain applied to something that needs trust, like in this our pilot we’re joining forces. This pilot is quite literally a prime example of the technologies we’ll use in the future, combined innovatively to create value,” Kristian Luoma, Head of OP Lab at OP Financial Group, said.
Nokia said that it is the first pilot in which two Finnish companies are exploring the intersection of technology, health, and insurance.
