Solve.Care, a well-known Web 3 health services provider, has taken a step forward by introducing a new Layer 2 blockchain (Care.Chain). The organization revealed that the new blockchain would help advance its mission to improve healthcare access, delivery, management, and payment while benefiting consumers and health institutions.
Introducing Care.Chain, a decentralized layer 2 healthcare-oriented blockchain network
Solve.Care has confirmed the launch of Care.Chain, its L2 blockchain optimized to solve specific challenges prevalent in the healthcare industry. Some of the challenges that the network seeks to improve include patient access to health data, the rising cost of running administrative processes, trust and compliance issues, and the provision of proof of competence, such as healthcare licensing and certification.
Care.Chain will also come with new healthcare computing primitives via introducing ZK (Zero Knowledge) verifiable runtime for events. This solution will allow for several other use cases beyond basic distributed ledger technology. It will also provide out-of-the-box support for waller-based apps introducing peer-to-peer communications and processing business deals.
According to the official announcement by Solve.Care, the chain will also combine the power of Ethereum Virtual Machine (EVM) and verified credentials-based event stream processing to build a unique Healthcare Event Virtual Machine. It added that the network would allow for the development of dApps (decentralized applications) like NFTs and Peer to peer communications between healthcare roles.
As such, the network will support direct communications between two key parties without needing a moderator/ third party. That will increase data security as only the involved parties will know about any healthcare event. Additionally, the network will have a native token like most L2 networks. Its token will be called SOLVE. Keep watching FintechExpress for updates on this and other Web 3-related developments.