Humana Inc. (20240233894). SYSTEM FOR PROVIDING A DATA MARKET FOR HEALTH DATA AND FOR PROVIDING REWARDS TO DATA MARKET PARTICIPANTS simplified abstract

SYSTEM FOR PROVIDING A DATA MARKET FOR HEALTH DATA AND FOR PROVIDING REWARDS TO DATA MARKET PARTICIPANTS

Organization Name

Humana Inc.

Inventor(s)

Kyle Culver of Coxs Creek KY (US)

Emily Braun of Louisville KY (US)

Rohit Wason of Louisville KY (US)

Nicholas Hill of Louisville KY (US)

Zachary A. Stout of Louisville KY (US)

Matthew A. Plappert of Louisville KY (US)

Chulmin Lee of Prospect KY (US)

Benjamin Singer of Louisville KY (US)

Norman Leach of Jeffersonville IN (US)

SYSTEM FOR PROVIDING A DATA MARKET FOR HEALTH DATA AND FOR PROVIDING REWARDS TO DATA MARKET PARTICIPANTS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240233894 titled 'SYSTEM FOR PROVIDING A DATA MARKET FOR HEALTH DATA AND FOR PROVIDING REWARDS TO DATA MARKET PARTICIPANTS

The abstract describes a system that maintains accurate health data and rewards data market participants. The platform, based on blockchain technology, uses smart contracts to incentivize sellers of data assets that provide corrections or updates to medical data.

• Leveraging blockchain technology
• Smart contracts provide rewards to sellers of data assets
• Sellers provide corrections or updates to medical data
• URL API provided to buyers with encrypted password for data access

Potential Applications: - Healthcare industry for accurate medical data management - Data marketplaces for incentivizing data corrections - Blockchain technology for secure data transactions

Problems Solved: - Inaccurate health data - Lack of incentives for data corrections - Data security and access issues

Benefits: - Improved accuracy of medical data - Incentivized data corrections - Secure data transactions through blockchain technology

Commercial Applications: Title: "Blockchain-Based Health Data Marketplace for Incentivized Data Corrections" This technology can be used in healthcare organizations, data marketplaces, and blockchain platforms for secure and incentivized data transactions.

Questions about the technology: 1. How does blockchain technology ensure the security of health data transactions? Blockchain technology uses cryptographic techniques to secure data transactions and ensure the integrity of the data exchanged.

2. What are the potential challenges in implementing a system that rewards data corrections? One potential challenge could be ensuring the accuracy and validity of the corrections provided by data sellers.

Original Abstract Submitted

a system for maintaining accurate health data and for providing rewards to data market participants. a marketplace platform based on blockchain technology leverages smart contracts to provide rewards to sellers of data assets that provide corrections or updates to medical data, such as provider demographics. a url api is provided to a buyer of the data with an encrypted password that is used to access the data from the url api.