About the talk
In the recent CoinGeek Conference held in London last February 21, 2020, it was officially announced that EHR Data Inc. has partnered with nChain to manage electronic health records of patients using the BSV blockchain.
EHR Data needed a blockchain that was public, could scale, and had enterprise solutions. Bitcoin SV ticked off all the boxes. During Day 2 of CoinGeek London, the project’s leaders explained all the reasons and benefits surrounding this game-changing decision in their talk entitled “BSV Blockchain: Developing a Global Patient Record for the Healthcare Industry”.
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⏰ Time Stamps ⏰
00:21 EHR Data Company Introduction by Ken Hill, Founder & Chairman of the Board of PDX Inc. and EHRData Inc.
09:24 Cheryl D. Jorgenson, Chief Clinical Officer of PDX Inc. talks about the Opioid Crisis is proof of concept that enterprise blockchain solutions can address effective management of healthcare data
16:57 Ron Austring, President of Daedalos Inc. explains how nChain and Bitcoin SV is the key to delivering EHR on a global scale
35:07 CoinGeek Interviews with Johanna Botta
35:24 Patients can take control of their healthcare data with electronic healthcare records in the BSV Blockchain
36:06 Patients get paid for their data by using BSV Blockchain for EHR
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Ken Hill is the Founder and Chairman of the Board for National Health Coalition, Inc.®, holding company for PDX, Inc® and National Health Information Network, Inc.®. For over 30 years, Ken’s focus on developing interoperable, patient-centric technology has made PDX and NHIN market leaders in pharmacy software solutions and services.View the profile
Ron Austring is a man of many interests and talents. An avid sailor who has spent significant time living aboard his sailboat, Ron now channels his passion and awe for nature into his self-sufficient modern hydroponic farm where he uses elements of nature efficiently. Ron is a master of efficient systems whether he’s on the waves, on the farm, or on a computer. The founder and co-founder of several software companies including Zadall Systems Group, Inc., G/H Plus Pharmacy Systems, American Data Systems, PDX Inc., RxStudio, and Drugstore.com, Ron has brought his talents once again to system design and development for EHR Data. Ron approaches all of his work in the pharmacy industry with one focus: Patient Safety. He is well known to comment, “If it’s not good for the patient, it’s not good for us.” As a sought-after speaker and panelist at technology conferences around the world, Ron speaks about the next steps in blockchain and healthcare technology. Ron has a wealth of experience and a brilliant ability to take a seed—an idea, a need, a better way of making a system work—and nurturing that seed to fruition. We are honored to have Ron at the core of our mission to decentralize patient data and put control into the patient’s hands.View the profile
Thr day is the 7th startup company that I have found it in the last 41 years. This is the culmination of a lifetime of work that started in Pharmacy. Most people think about an electronic health record as being a group of EMR vendors. Better in doctors offices. And then, and then Hospitals. The creates a in the electronic health record. National Health Coalition, is a group of companies that started out in Pharmacy rather than the E HR and doctors offices. This gives you an idea of my background.
When I got out of pharmacy school in 1971, we use the bait stamp to put a number on a 304 scription. Then we take a under, a mechanical typewriter and type the label and attach it to this prescription bottle. We went from that to free number forms and an electric typewriter from IBM. From there, we went took a big move and got a series 1 IBM. Computer was a mini computer, huge, huge. Product. It had nine megabytes of disk drive and 15K of memory, and they expected us to run the pharmacy on it. So, pretty
quickly. We figured out that $36,000 for the hardware was too much money for an independent pharmacist and moved on to the IBM PC. it was a single user single-tasking product that change couldn't use. So run a string and I got together and moved on to AT&T 3B one, which was a which was a products that the day TNT started and immediately got rid of. But that's what we installed our first change, Spartan training, Pharmacy, with because we had a freebie one in the store and we collected
all of the data from it, it's a company headquarters old, another Unix system. so, that background. Circus to creating data that is standardized with national health information, National Health Information, created standard data and we knew we had to get eventually to a hue. Central patient record that, that's what standardized to. So, we moved on and created the HR data and will move that on the Bitcoin. Thr date is a subsidiary of National Health coalition. That was created to be looking for an operator utility to address the
opioid crisis in the US. As a role of the national facility we figured out a way to do this will show it in a minute. and we also for the first time ever putting the patient in control of their data rather than a doctor of a third-party payer Petcetera So are not, our goal is to migrate. For 41 years of healthcare experience to in chain smart, contracts, and Bitcoin SV. And follow doctor Brides. Leave the place, the individual and total control of their Healthcare.
so, rather than looking at patient day, there's a place to make money, which you find a lot and chain drug hospitals, and doctors offices, We've chosen to use. To use the, the central system is for patient, safety, and create, create a global electronic health record, let me see. Let me tell you a bit about why Global we decided to do this so that somebody that is living in London and has a prescription filled at food and then fly to the US and have it refilled at
Duane Reade. We're also doing Global workflow things like electronic prescriptions to share the workload between the doctor's office in the pharmacy. Ronald stream of show, you better about that in a few minutes. it will Derek Rees Healthcare cost quite a bit because You have a gulf? A group that. That's philza. Fills the prescription at the are actually writes the prescription at the, at the doctor's office, and with data entry, and then you can have to do data entry again at the pharmacy. So by decreasing the
data entry or the laminated get that at the pharmacy it'll dramatically. Decrease, the cost of filling a prescription. No. This is the year. This is a diagram of how everything works. You'll notice at the top of the diagram, the patient has the ability. The authorized. What? What Healthcare professional skin can actually see their data. we first created a silo of Pharmacy records and then we as a clinical information to create the electronic patient record and what you see here is he The number of the partners that we
put together that exist today. so, the parent company of EHR data, as 41 years of experience, creating real-time Healthcare data and the unit in the pharmacy business and the partnership you just saw I had stated to the pharmacy data to create an electronic record. The industry has spent in the street people that say they're going to get into this and Fisk it with money and food, Google Apple and Microsoft, but they simply don't have the don't have the experience to be
able to put this together. I'd like to introduce Cheryl dr. Cheryl Jorgensen, who is Chief clinical officer? Good morning. I am dr. Cheryl Jorgensen on the chief clinical officer, for EHR data and everything has a purpose and a change, epidemics and crisis. Cause change. When we look at Patients information, their clinical data, it's siloed, it's not interoperable and then we look at the opioid epidemic that's a big cause. So today when we talk about the opioid epidemic, we're also going to look at that as a force to open the door for interoperability.
So today currently, we're looking at the countries of the United States Canada. Australia are one of the top, consumers and opioids. They also have the highest mortality rate. Countries like Denmark are showing over 300%, increase in their total consumption of opioids. And depending on the country, their drug of choice are from morphine. Methadone then to know it's a really big one oxycodone or oxymorphone. Those medications are being consumed in higher and higher
quantities which are causing overdose on respiratory distress in the whole world. So when we look at the opioid epidemic, it's not just one country, it is worldwide. Looking at the United States, you have to look at really geographical. So the highest consumers in the united states are West Virginia, and Ohio, and you'll see a lot of news that a lot of those states are suing manufacturers for the increased consumption of the patients on opioids. So when you look at this
and I know David Washburn, kind of took one of my slides and 2017 70,000 patients, died of an overdose of the National Security Council shows us that there's a predominance that you will die of an overdose versus a car wreck, which is very scary data. So, as David was saying, every year a hundred I'm everyday, excuse me. It is really sad data that 150 to 250 people died of an overdose in the United States that cost a total economic burden in the United States of
78.5 billion US dollars per year. So how did we get to this current situation? There's a lot of things that are causing it but the one big one is that Patients health care or siloed out? There's no interoperability there's no exchange of healthcare data. So Physicians prescribe, not knowing that there's other Physicians who is prescribing the same type of medication when you're sick or having surgery, you're not realizing that maybe multiple positions are also taking care of
you and are also prescribing this medications. We also have folks that are purposely going around and trying to get prescriptions for opioids and then also leads to higher consumption rates. The big thing that we'd like to look at, is it, there's multiple data silos, there's no real-time. Clinical data for healthcare providers. That means we have to get out of our workflow to go into another database, to try to look up in a Not a real-time database to see if our patients are trying to shop around or they have multiple doctors.
The big thing that we need to have in a healthcare providers. Workflow is a calculations, a very simple. One of the morphine mg equivalent that tells exactly to a physician whether or not that patient has a propensity for an overdose very easy. There's medications that you can kind of give to them that they can have on board just like a fire extinguisher that we have at our house to make sure that the house doesn't burn down just very important that the data is delivered real time and that it's accurate and that we have tracking for these Clinical Services.
So, a solution. It's not rocket science that for us to be able to treat a patient holistically. We need to have all of the data together, not into little bitty pieces and we believe blockchain is the technology that will help. Create that interoperability So the other things is making sure we consolidate the silos patient ownership. It is key. I'll invite you. But I own my Healthcare data, I need to learn and everyone needs to learn to be consumers of our Healthcare data if we own. And we have that ownership
to be able to say I want to see this position and not a different position. I want to change I should have that right to give permissions out but I need all of my data together. I don't need to go and remember that. I was hospitalized 10 years ago, I went and saw three or four different positions. I need that data together. Also, having all of that data together, you can introduce reward. Programs patients can be incentivised to have healthy habits, lose weight exercise having fitbit's that are going to be connected
with that data that they all have together. As I said, it is a big Focus that patients need to change the way that they look at their health care and become consumers. So interoperability very important. This is one thing that we are looking as a company to show a proof-of-concept. And what we're doing is that we are bringing together State databases all together so that they're not as desperate as I load out and we're bringing in Pharmacy Physicians and also hospitals.
What we're going to show is that interoperability is obtainable. Utilizing blockchain and Bitcoin SV. This is going to be big for the United States because every state has their own program. So nobody talks to each other, right? We all on our own data, we never want to share it, but what comes next is offered at operability So we're not just Pharmacy data, but it will be all Healthcare data that we're going to show. Some of the data sources that will also be included, our wholesalers information so that data can be
sold with permissions given and granted by patients. With that, I'm going to go ahead and introduce my colleague r on a string. Thank you Cheryl. Can everyone hear me? So the Ed Cheryl pointed out, the opioid proof-of-concept will prove the importance of a single source of data and this is so important, right? And we could we could actually end the story here because what's been developed so far is all running in a traditional data center in the cloud and that could be the end of the story, right? But there's a huge piece that's missing here right there is the trust of that data.
The immutability of that data, right? So that's that's where we started thinking that we needed to go. Find a database that would support. So we use all kinds of databases within our company. Now we have databases that are designed for very fast access like a something like an elastic cash and I'm calling these databases because their data source is right. We have a transactional data bases, we have analytical databases like snowflakes, right? Better use it just for analytics, as you can see there. Different types of databases. So blockchain to us is just another
database which brings to the table, that brings trust to the situation and immutability for us. It also happens to bring a cryptocurrency with it which is basically our electronic currency that we can do some really powerful things with Supply chain is going to be key to deliver it on the global Healthcare record are what we call it gehr, okay. As a David Washburn pointed out where and Shane is going to work alongside with us and we're going to develop a parallel POC. So we have the PLC that Cheryl was talking about on
one side, right? And at the same time, we're working within Shane on a, on a separate POC, that's going to prove that we can take this Healthcare data and put it on a blockchain safely. And that's going to give us the immutability and the auditability that the industry. So desperately needs there is there is nothing right now that actually does that. Okay, so this is Leading Edge for us. Hawaiian chain. Well, we think they're the the experts in blockchain for delivering Enterprise Solutions. Right? So we are talking about huge volumes, so
we needed a solution that would like, stand up to that. So that's why we initially started talking with Ann Chang. They also brought the insides of what we could actually do on a public blockchain and that's a story in itself. I mean, we went through our research just so, you know, this is all new to us. And we we had to figure out like do we want to use a private blockchain? Do we want to use a public blockchain information? Blockchain? What is it right? And what we decided after looking at all that is we wanted a public blockchain and we wanted that so that that trust and that immutability
is separate from our business. So we can't affect it and our industry has no influence on it. If we had chosen a private blockchain Writer app, permission blockchain, you now have a group The people that are deciding on those permissions that would not work in the pharmacy industry. There's too much politics and someone would gain control in that situation. So our solution is to go public right of the public blockchain. To what we also would then, shame, we're looking at the patented techniques such as metanet. We're key to achieving our vision for Global electronic
health record. When when I initially saw the men in that technology, I think it is a while back now. But I just went, wow, that is what we need. So when we started talking within Shane that was, you know, that was the key Focus. Also in chain platform Services was key to providing the technical capability to deliver on our vision. As David pointed out that they have a solution of packages that is just basically it's plug-and-play for us, right? We just want to look treat the block, same as a data source that we can push data to and then we can listen for
data coming back, right? Cuz our solution is going to be a combination of things here. So, if we did look at the health-care utility itself, right? It's going to be a global, it's going to support of global thr, which we talked about or introduce to you initially, it's a data repository based on bitcoin, SV blockchain technology, it incorporates patented EHR data and ancient technology. So, we're both bringing it kind of a suite of patents to the table, as you can imagine. After being in business, for forty years, in this industry, we
have our own set of patents and Shane has theirs. And so that combination I think is going to protect and we call it protect, it's not him, it's not necessarily a way to make money, it's to protect the solution, okay? And that's what the patents will be used for. It's also the solution is going to guarantee privacy and we're going to do that with private keys. Immutability and encryption. So that combination and in combination with the like an HD wallet gives us a metanet structure. That is, is is Aldi's gated and it's encrypted and no one
can basically tell. They can't relate any Healthcare event to an individual person. Are solutions going to be centralized and distributed and this will evolve as well. So, right now, it's a Obviously a cloud platform is, is also somewhat distributed, right? You can set it up that way, but if you think of our solution in United States, that's running out of data center right now, so that's our centralized did, the did the decentralized are distributed to side of that is going to be the Bitcoin, SV blockchain, that will be worldwide and it'll be the conduit that we used
to move Financial transactions around the world and also data around the world. As can point it out, if you go to a boots Pharmacy here in London and then you go to the US. The only way that's going to happen is the date of flowing, into a blockchain, getting listen to on, on our side. And we we we will suck up that data into the the data center in the United States. So eventually we will have data centers all over the world that are listening to the blockchain and also writing to the blockchain. So they'll all become synchronize. So when we get there, we will be a totally distributed solution
as well. So we also have another product, it's part of his Global thr and we call a global workflow engine. And what this does is it said it uses Bitcoin SV blockchain to provide a single source of Truth and transparency. And it uses patented and chain. Smart contract technology to manage the edit workflow. That utilizes Bitcoin SV, High transaction processing, throughput. So what what all this means is that workflow engine is basically and I'm going to show a slide at the very end as an example but it's a way that manages the workflow in the
pharmacy, right? And this is not only just data its data going back and forth from initially, the prescriber the doctor into into our Center and then there's transactions that will go back and forth and that's the Mario, right? And I'll talk about that a bit later but it's it's basically a workflow engine that can work globally. We also use the Bitcoin SV cryptocurrency for financial settlement, okay? That's going to be our lowest level of the financial settlement will have the ability to move Bitcoin SV into US dollar tokens or see, no, Swiss franc tokens or British
pounds or whatever, right? And that will be, I think he for the introduction of getting everybody on board it. And then, what that does is it eliminates invoicing accounts, payable and accounts receivable in our system right now. So the end of Pharmacy. Industry day today. What a prescription is filled. It's like a Visa transaction. Zoe the pharmacist filled it out if it's an insurance or even cash, it goes into a central switch. And then from there it goes to the the pair that's going to pay for it. If the pair decides that they are going to pay for it, you just simply
get a number back, right? That number you don't get paid now until maybe a month from now, they'll send a check and they'll send a sheet of paper with all the numbers in the off. Translation number. So now you didn't reconciliation. See if I can a pharmacy that's trying to do just in time, inventory, right? By having a drug on their shelf, for maybe two days before they actually need it. And then they have this 30-day window after to get paid if it's ridiculous, right? In its, it's a total loss of, of, of money there. So we're going to streamline that payment system.
The only thing that we're doing is through all of this and and Cheryl talked about this is that we're empowering patients through the met in that as well. If you can be patient directed access with permission of data for specific services. So the patient is going to own their data. They patients by law in United States own their date. But all this data is spread out and all these silos, it that Cheryl talked about, none of those silos talk to each other, so you can actually go to and this is why we have the opioid crisis, you can to go to a pharmacy in the United States like
they like, say a CVS Get a prescription filled a few days later. You know, you getting some kind of a, a problem with your back or something and you need some other medication, you go to the nearest convenient Pharmacy, which may be a Walmart. Those two systems, don't talk to each other. I can get my prescription filled at a Walmart and that prescription could cause a fatal drug interaction where I died, right? And this is only caused by the fact that we don't have the central patient record which is crazy. I'm, I'm embarrassed to stand in front of you today
and say, I've been working in this industry for 40 years and that's never been a priority of the industry. That's embarrassing to me. So what the with the patient owning their data, they'll also be able to permission that day though and they'll be able to monetize that data. Because now once you get all this data in a central place, it's extremely valuable. Okay? You can just imagine what else going to be putting medical device date on there? Like, your your Apple watch your heartbeat. Your doctor could prescribe it prescribed that they want your heartbeat logged or your
glucose meter in. Log to write all that, Dave is going to come up into your central patient record, can you imagine a drug research drug companies, how valuable that is, so that money, instead of getting paid to existing people that are making the money on that now, patients. Don't see any of that money is now, the patient is going to be able to monetize that, and everybody will get little little pieces of that, but the patient will also get rewarded as well, okay? The men and also remove the barriers that have been previously created by these data silos. As you
can imagine. What I talked about early, it is the lowest it has the protocol layer that moves this day there around. This is never been possible before, in, in a trusted manner. Okay, it's the hierarchical structure of the data, the oldies station that I talked about earlier, the standardization of healthcare data is Ken talked about? We we have standardized, how old is David will actually get put onto the blockchain and as we move into new countries we will do the same thing that we've learned in the United States and its ability. Like I said, for patients to monetize their
data that mathematics key for us to do that. So why why Bitcoin SV? Well, it's a proof of work. Public blockchain is the only technology that guarantees immutability of Records. I think, until that's proven, otherwise, like proof of work until the time. Somebody can prove something else, right? But that actually is, has a track record like the Bitcoin algorithms, then the other, then we'll be talkin maybe something else but right now Bitcoin SV, the solution is is it's it's there because of the proof of work, the incentive
model, enhance, the security of the blockchain vital when working with Healthcare data. So like I said, Also earlier like that, the public aspect of this chain that is a separate business. That's incentivize by its own economics and that's Keith. And that incentivisation is what is securing the blockchain. The global electronic Healthcare records requires a single Global blockchain to provide a plaque for a portable. Eh are I've already mentioned this. I think it's worth repeating it. Is that conduit. Okay, and it gets the data move throughout the world.
Why did China see if we continue with this since? The scalability is key and ensuring that we can handle? Millions of healthcare related, transactions, everyday, and we're going to talk about that in my last live interoperability and portability of data across entities are key. Drivers of choosing Bitcoin SV. Data plus value is, he is information and metanet provides a way to structure and monetize that data archival and data storage capabilities are key to monetizing data access to Patient data. So we all know it's like a metanet solution. Is
you, you need to be able to Archive that data. And the, it's just amazing what's going on in this in this world now with Bitcoin SV how its involving to solve those issues, So what we're talking about here is in the opioid situation, we have four hundred thousand prescriptions are filled every day in the United States for opioids, okay? This is going to result in 1.2 to 3.2 million, bsv transactions on a daily basis. Even some of the numbers when we evolved, this is just a proof-of-concept. Once that proof of concept is done,
we hope to get this mandated by the US government or you'll possibly other Solutions where we now see every prescription cuz it's really make sense to have a central patient. Like I think it's like their appointed as it's obvious. It's not rocket science here when we do that, there's 4.2 billion prescriptions filled in the United States every year. You can imagine that's going to generate between 16 billion and 32 billion Bitcoin transactions on a yearly basis. So we're talking huge numbers there. That's why we need the scalability.
This is my last Light, I know I've gone over time here, but if we look on the left hand side of this diagram, or the right hand side, actually the prescription starts that I'm a prescriber or doctor, right? If they sent it in to us because now this work flow is connected is that we can actually look at the prescription that the doctor is prescribing. We can do several things with that. We can tell them already right here, right away. If they're mme their morphine, milligram equivalent is going to go over because the doctor may not be aware that the patient has a prescription from
their dentist. It would be able to tell that we can also. If you have your genomics, it's part of your of your EHR. We will be able to tell the doctor that they can't metabolize. This, this drug, or there is flow metabolizer or there a fast metabolizers, if you give him the dose, you're talkin about, you will actually kill him because they metabolize this drug so fast. So the all of these edits are going back and forth, and these edits are little micro payments as well that happened. So, when we do and what we provide a service as a utility, there's a micropayment associated with that. So once
it gets into EHR data in the prescriptions, clean it now gets picked up by a pharmacy, the pharmacy. Then we run other edits on it. The pharmacist may have to change it to a different drug because they don't have that in stock, we would then have to go back and rerun all these edits again that, you know, do the metabolization me and the m m e or whatever rights we have to do all that again. So once again, edits are going back and forth and his financial transactions going back and forth as well. So that's very like that's key for this. This solution in, this is what Global workflow is doing
here at the end once the prescriptions filled and the patient takes delivery of it. We actually close out all those smart contracts with that money. That was flowing back and forth for all those edits and that money if a patient is going to get paid anything for that, like, it's a piece of it that you have actual money or Bitcoin SV flowing into say, a loyalty card that we, we will support as a utility, but we also open it up. Where Pharmacy chains, if you shop at its chain all the time. Like if you always go to boots here and you have a loyalty card here, we can transfer that Bitcoin SV
into their loyalty program, right? So this is the way it's an off-ramp for Bitcoin SV and it's a natural solution. So I'm just going to close with with this paragraph. With any HR date of the patient is unprecedented control of their Healthcare data. When a patient undergoes, a healthcare treatment or service, the data associated with that event, is stored in their Global electronic Healthcare record. The patient decides who accesses it. Thank you very much. Hi guys, I'm Johanna Botta from going to talk, and I'm here with the founder of PDX. So let's
talk about thr in this huge, new announcement of the collaboration with and Chase. DHHR is a term that is used in the United States or an electronic health records. We decided to work with in change to get a connection between the data and Bitcoin SV through smart contract. The reason for doing that is to put the patient completely in control of their Healthcare daddy. Why do you believe that? That is so important for the patient to have control this data?
What benefits do you foresee that happening? Not just you know, in terms of saving lives because more of doctors will be able to access the same information, but also incentives for patient. Every hospital, every physician every insurance, pay her every Pharmacy. Benefit manager, Every Chain. And when you think about these silos, every one of those groups that I just mentioned is making hundreds of millions of dollars off of the patient's data. Now, I've got a question for you.
When's the last time you got paid for your data boy? And if you don't go to a pharmacy for a doctor, is there any Dana There is no no, there isn't a trick question. So my point is that the patient should be sharing in this Revenue stream, that everybody's keeping form themselves in the big corporations in the US, Europe and other places. Is really excited about the collaboration is going to allow for interoperability of data. No desperate systems of healthcare information. On patients, will now be
brought from Smart load information into one single record. It's true that data can then be access to take care of that patient's, right. Can't really look at a patient and try to diagnose when you only have pieces of information having it all together, that one record is going to not only save lives but increased patient safety or how can this just be happening right now? You have all these people with the opioid crisis, for example, that may be shopping around for different drugs. I mean, it's going to save lives. We talked about that, but it's not just going to do that with an opiate
crisis. This can be taken to other genres within the healthcare system really do believe that the opioid crisis is going to really open the door to allow all Healthcare. Got to be brought together, the opioid epidemic, it is a crisis and there's nobody out there, that is going to eject to having a patient's data altogether. So the patient goes to multiple positions, multiple Pharmacy, that data will be altogether to be able to look at and calculate, the total morphine milligram equivalent for a patient that kind of gives us an indicator of whether or not they have a propensity to
have an overdose but this will be the second Stone to introduce all drugs, all clinical data together and truly enter off, of course, I mean how easy would it be to go to your doctor and when they ask you to fill out that question are always they don't ask you because they already have it all in front of you. Remember when was the last time you were vaccinated right back? But I will I was telling you Cheryl that I have I think I've gotten like vaccinated for several things.
Not only in, I mean globally. The redundancy of tests that are performed will no longer exist and thank, wow. Okay, this is this, is it, this is how we do it. This is how we bring together all of the data. And also, utilize, he's at coin SV because we believe that the patient owns their data, and why not is Best Buy's number for Wars on the utilization of other day that whether it's D identified or it isn't like drug research, that way they can help save other lies with information that we are gathering. Thank you so much Cheryl. When we looked at all the different blockchains are available,
right? We we looked at doing with a private blockchain, that didn't really work for us because our industry is kind of famous for a few key players, taken control of the situation that we get very political very fast, right? So we decided if we're going to have this opportunity, we're going to do this on a public blockchain, so that is completely independent of our business, though, that was the big reason why going with BSB. And when you go public is very few options out there that I think only one right now is Bitcoin SV. So it would have came down to a kind of an obvious solution.
100. Yeah, when it says, the other thing we looked at is that unit based on bitcoin technology which is been here since 2008 right? But twelve years of history there and it's never been that was important to your it's proven technology and the transactions per second. We needed that because in the end when we're processing all the prescriptions in the United States we're going to probably it's Point two billion prescriptions in the United States to get filled every year. That's going to generate 16 billion to 32 billion Bitcoin SV transaction. Will
you look at those numbers, right? It's amazing race. Five, six thousand transactions per seconds right now. So it's it's huge and that's why we wanted to partner with entering. Once again you know the transactions per second, we're going to be huge once we've got into this started looking at it and what we needed was an Enterprise solution and you're also right so it doesn't get any better than that. So and also we visited before we made any commitments with in shame, we visited the offices here in London. And what we discovered was just a huge
group of people. They are very smart people, in a diverse set of a skill set and it's just to us. It was their enterprise-grade know that's what that's what differentiates them. I think some of the people we wanted something. Like a black box, right? We send the data in and we can get data out. Why is it important to have an Enterprise Center solution, better prize, right? The pharmacy industry, right? So, we need it has to be, it has to be Enterprise days. We do all our stuff right now on a cloud platform and those that cooling is all enterprise-grade. So
when we're going to look for a database, it's going to solve our immutability problem in our trust problem. We have to go to a solution, that's also enterprise-grade and that's where Bitcoin SV comes in. And then also engine, thank you so much.
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