Jacksonville, Fla., Oct. 18, 2022 (GLOBE NEWSWIRE) — Alt Blockchain Inc., (OTCMKTS: OBTX), a technology company enabling the real-world use of blockchain to solve critical business problems, announced today that it has entered into an agreement with SP Capital Management, LLC to develop a World Medical Platform (WMP) and electronic medical records (EMR) built on blockchain technology. The platform along with corresponding medical records will be stored in a decentralized blockchain using EB Build: EBI’s secure, patent-pending blockchain technology.
A new federal rule that went into effect on October 6, 2022, requires healthcare organizations to provide patients with unfettered access to their complete health records in digital format. It is important to protect this information from potential bad actors. The World Medical Platform enables these medical records to be stored on blockchain technology that enables individuals to secure their personally identifiable information (PII) and personal health information (PHI), while providing an immutable health record. The World Medical Platform will act as a one-stop shop for those who want to take charge of their health information and keep it secure.
“Our world medical platform will be a game changer in keeping medical information secure and giving data owners full control over how it is shared,” said Sandy Lipkins, president, SP Capital Management. “Alt Blockchain’s technology gives consumers, payers and medical providers and systems peace of mind knowing there is an immutable record.”
The agreement consists of three phases, i) design, ii) development and iii) implementation. EBI will be compensated for design and development costs of $1.25 million in cash and $5.0 million in token compensation. EBI will receive transaction fees throughout the lifetime of the system.
BIS Research estimates that the immediate use and integration of blockchain in healthcare could save more than $100 billion per year in costs related to IT, operations, support functions, personnel and healthcare data breaches by 2025. “Partnering with SP Capital Management, to provide a world the wellness platform does enabled us to enter a market that is only growing in prominence and importance,” said Toney Jennings, CEO, EBI. “Using our patent-pending blockchain technology as a foundation, users will be empowered to securely store medical data, forever.”
For more information on EB Build, please click here. For more information on EBI, visit altblockchain.io
About Everything Blockchain, Inc.
Everything Blockchain, Inc. (OTCMKTS: OBTX) envisions a future where every transaction is trusted and blockchain is used to meet ESG goals, support the cities of the future, build and control the transparency of supply chains, and ensure that data ownership rights are maintained forever. The company’s patent-pending advances in blockchain technology deliver the essential elements needed for real-world business use: speed, security and energy efficiency. Current sub-brands include: EB Advise, EB Build and EB Control. For more information, please visit
Forward-looking statements
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