Eggschain, a Bitcoin-based genetic data tracking platform Eggschain, has announced a partnership to the Boston IVF chain that includes 30 fertility clinics in the United States.
This partnership will utilize Eggschain’s blockchain technology to track cryogenically preserved eggs. It can be used for IVF and other fertility treatments, as well long-term storage and genetic data. Eggschain spokesperson said:
Individuals with reproductive problems can use the blockchain to track biospecimens like sperm or eggs. This partnership is pivotal and allows for greater trust through transparency and immutability.
Boston IVF was established in 1986 and is a network of fertility clinics. They specialize in IVF, genetic storage, and endocrinology. According to reports, the clinics have helped more than 100,000 babies be born. Through its REI Fellowship Program, the chain has graduated more than 30 reproductive endocrinologists.
David Stern, CEO of Boston IVF, stated that he believes that the incorporation of blockchain technology in the company’s operations will enhance the customer experience with “an unparalleled level transparency and security.”
Eggschain, a Austin-based healthcare technology company, is developing a supply chain solution to the fertility industry with blockchain. It uses Bitcoin layer-two Stacks and blockchain. It manages a custody management system that protects stem cells, DNA and RNA, as well as organs, tissues, blood, and IVF. It is said to reduce the time involved in the selection of sperm from different countries by registering data on the platform. This protects high-level patient data and prevents misfiling.
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Eggschain has partnered with Boston IVF to enter the $21.89 billion global IVF market. This market is expected to reach nearly $34 Billion by 2028 according to Grand View Research.
Blockchain technology has provided many benefits to the healthcare industry, including Cure Chain and Aimedis which use nonfungible tokens to store patient data and offer crypto rewards to increase their profile.