TORONTO, Jan. 30, 2018 (GLOBE NEWSWIRE) -- VitalHub Corp. (the “Company” or “VitalHub”) (TSX-V:VHI) today announced it has joined Hyperledger (view Hyperledger Press Release). VitalHub joins an elite group of healthcare companies including Aetna, Change Healthcare, Eli Lilly & Company, and PwC, that are early adopters of Hyperledger technologies, and are building production deployments of Blockchain solutions across the healthcare sector.
Hyperledger is an open source global collaborative effort created to advance Blockchain technology hosted by The Linux Foundation that addresses important features for a cross-industry open standard for distributed ledgers. Hyperledger consists of more than 185 organizations including leaders in healthcare, finance, banking, IoT, supply chain, manufacturing and technology.
VitalHub has decided to join this industry-leading collaboration as Hyperledger has a declared commitment to helping the healthcare industry realize the full potential of open source Blockchain solutions, which hold the promise of unifying disparate processes, increasing data flow and liquidity, reducing costs and improving patient experience and outcomes. VitalHub shares in this commitment, and will bring strong healthcare domain expertise and leadership in developing and implementing Blockchain solutions.
VitalHub has formed a dedicated Blockchain development team headed by Vijit Coomara, VP of Technology, and has begun building interoperability solutions targeting the needs of its existing customers. VitalHub is utilizing the Hyperledger Fabric Platform as the foundation for its applications, which will enable health data to be accessed from individual, secured and replicated localized repositories, with no single point-of-failure, as is currently the case with centralized repositories.
"We welcome VitalHub's membership in the Hyperledger community, as they join a select group of healthcare companies that are building solutions using Hyperledger technologies," said Brian Behlendorf, Executive Director, Hyperledger. "We look forward to working with and supporting VitalHub as they build production deployments of Blockchain-based interoperability solutions for the healthcare sector."
“We are excited about the opportunity to work alongside world-leaders across the technology sector to develop commercially viable and scalable Blockchain solutions,” said Dan Matlow, CEO of VitalHub. “The combination of VitalHub’s healthcare domain expertise, along with Hyperledger’s depth and collaboration will enable us to develop healthcare Blockchain applications with global applicably and impact. We are well underway in our effort to build healthcare applications that leverage Blockchain technology and the Hyperledger Fabric Platform.”
ABOUT VITALHUB:
VitalHub uses web, mobile, and Blockchain technology to create disruptive SaaS-based healthcare applications that solve industry-wide problems. VitalHub's aim is to create high-value, secured solutions that enable broad interoperability among existing health data systems. Vitalhub is primarily focused on working with organizations in the Mental Health and Long-Term Care space, to further extend organization's applications across the continuum of care, powered by the security, efficiency, and trust of Blockchain technology.
The Company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing an aggressive M&A plan. Currently, VitalHub serves 200+ clients across North America. VitalHub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The Company is publicly traded on the TSX Venture Exchange under the symbol "VHI".
CAUTIONARY STATEMENT
The TSX Venture Exchange has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
CONTACT INFORMATION
Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com