Putting care back into healthcare through NFTs and blockchain
CHARLESTON, SC, 1 September 2022 /PRNewswire/ — Black Ink Technologies Corp., an integrated hardware and software company providing end-to-end zero-trust immutable solutions for products and services, today confirmed that it has licensed its 20th filed patent. “Management and tracking of patient encounters and medical information including immutable tokens, digital assets and smart contracts.”
A number of studies over the past 2 decades have found that administrative expenditure accounts for approximately 15% to 25% of total national health expenditure, an amount that represents an estimated 600 billion dollars to 1 trillion dollars per year of the total national health expenditure of 3.8 trillion dollars in 2019. Black Ink Tech subsidiary Paired Pharma Inc aims to “Put Care Back In Health Care” using blockchain, tokens and NFTs to remove friction and provide immutable verified data to improve these admin processes, and reduce or eliminate fraud and patient encounter misclassification thereby ultimately saving money that can result in lower healthcare costs for consumers. Ultimately, the platform makes the experience of the patient meeting easier and faster for both patient and healthcare personnel, so that care, not paperwork, becomes the priority.
Black Ink Tech has exclusively licensed 11 granted patents this year alone related to NFT, Blockchain, Smart Contracts and Digital Assets. CEO Jeremy Blackburn stated “I am very excited about the upcoming month’s development and product releases as we have exclusive rights to several granted patents that form the foundation of our platform from which we will be able to grow for decades to come. The first patents related to blockchain and smart contracts were filed in 2019, and awarded in 2020, with additional submissions expected to continue for the foreseeable future.This positions Black Ink Tech to competitively deploy its platform across multiple industries, proving truth and providing transparency that ultimately benefits the consumer and industry generally beneficial by maximizing asset and service value through necessary efficiency creation.”
About Black Ink Tech
Founded in 2019, Black Ink Tech (BIT) brings transparency to all businesses and market segments by focusing on truth rather than trust in data information. With approximately 52 global team members on four continents, Black Ink Tech’s development and market growth never sleeps. Through BIT’s multi-patented integrated blockchain software and hardware platform, it produces end-to-end immutability that reduces or eliminates friction to increase efficiency, provide full transparency and maximize product or service value. Starting in construction, BIT has expanded its product offering tremendously and continues to expand to reach more industries and markets.
To learn more about Black Ink Tech, please visit https://www.blackinktech.io
Tollen L, Keating E, Weil A. How administrative costs contribute to excess US health care spending. Health matters blog. Published online February 2020. Access 30 August 2021.
Chernew M, Mintz H. Administrative costs in the US health care system – why so high? JAMA Network article. Published online October 2021. Access 20 August 2021. https://jamanetwork.com/journals/jama/fullarticle/2785479#:~:text=A%20variety%20of%20studies%20over,of%20%243.8%20trillion%20in%202019.
SOURCE Black Ink Tech
