Bitcoin-based tracking platform Eggschain partners with Boston IVF

Bitcoin-based
genetic
data
tracking
system
Eggschain
has
announced
a
partnership
with
the
Boston
IVF
chain
of
30
fertility
clinics
in
the
United
States.

The
new
partnership
will
use
blockchain
technology
provided
by
Eggschain
to
aid
in
the
tracking
of
cryogenically
preserved
sperm
to
be
used
for
in
vitro
fertilization
(IVF)
and
other
fertility
and
non-fertility
treatment,
as
well
as
long-term
storage
of
genetic
data. A
spokesperson
for
Eggschain
said:

“Using
the
blockchain
to
track
biospecimens
such
as
sperm
and
eggs
empowers
individuals
facing
reproductive
issues.
This
pivotal
partnership
enables
greater
confidence
through
the
transparency
and
immutability
of
the
data.”

Founded
in
1986,
Boston
IVF
is
a
chain
of
fertility
clinics
that
specialize
in
IVF,
genetic
data
storage
and
endocrinology.
The
clinics
have
reportedly
helped
over
100,000
babies
be
delivered
so
far.
The
chain
has
also
graduated
more
than
30
reproductive
endocrinologists
through
its
accredited
REI
Fellowship
Program.

Boston
IVF
CEO
David
L.
Stern
said
he
hopes
that
integrating
blockchain
technology
into
the
company’s
operations
will
improve
the
customer
experience
“with
an
unparalleled
level
of
transparency
and
security.”

Austin-based
Eggschain
is
a
healthcare
technology
company building
a
supply
chain
solution
for
the
fertility
industry
 using
blockchain
built
on
Bitcoin

layer-two
Stacks
.
It
operates
a
custody
management
system
that
secures
stem
cells,
DNA,
RNA,
organs,
tissues,
blood
and
IVF.
It
supposedly
reduces
time
in
the
sperm
selection
process
across
global
jurisdictions
by
registering
data
on
its
platform,
protecting
high-level
patient
data,
preventing
misfiling
data
and
increasing
the
transparency
of
overall
operations.



Related:




Make
a
wish:
New
Year’s
resolutions
from
crypto
industry
insiders

By
partnering
with
Boston
IVF,
Eggschain
is
entering
the
$21.89-billion
global
IVF
market
that
is
forecast
to
have
reached
nearly
$34
billion
by
2028,
according
to
a

report

by
Grand
View
Research.

The
healthcare
industry
has
enjoyed
several
benefits
from
blockchain
technology,
such
as
from

Cure
Chain

and

Aimedis
,
which
utilize
nonfungible
tokens
to
help
patients
store
data
and
even
offer
crypto
rewards
for
adding
to
their
profile.

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