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CHARLESTON, S.C., Sept. 1, 2022 /PRNewswire/ — Black Ink Applied sciences Corp., an built-in {hardware} and software program firm offering end-to-end zero belief immutable options for services, confirmed at present that it has licensed its twentieth filed patent. “Administration and Monitoring of Affected person Encounters and Medical Data together with Immutable Tokens, Digital Belongings, and Good Contracts.”
A wide range of research during the last 2 many years have discovered that administrative bills account for about 15% to 25% of complete nationwide well being care expenditures, an quantity that represents an estimated $600 billion to $1 trillion per 12 months of the overall nationwide well being expenditures of $3.8 trillion in 2019. Black Ink Tech subsidiary Paired Pharma Inc goals to “Put Care Again In Well being Care” by using blockchain, tokens, and NFTs to take away friction and supply immutable confirmed information to enhance these admin processes, and scale back or eradicate fraud and affected person encounter misclassification and thus finally get monetary savings which might end in decrease well being care prices to customers. In the end, the platform makes the affected person encounter expertise simpler and sooner for each affected person and well being care skilled permitting care, not paperwork, to grow to be the precedence.
Black Ink Tech has solely licensing 11 awarded patents this 12 months alone associated to NFTs, Blockchain, Good Contracts, and Digital Belongings. CEO Jeremy Blackburn said “I’m very excited concerning the coming month’s developments and product releases as we now have unique rights to a number of awarded patents that kind the muse of our platform that we can develop from for many years to return. The primary patents associated to blockchain and sensible contracts had been filed in 2019, and awarded in 2020, with further filings anticipated to proceed for the foreseeable future. This positions Black Ink Tech to competitively implement its platform throughout a number of industries, proving reality and offering transparency that finally advantages the buyer and general industries by maximizing asset and repair worth via crucial effectivity creation.”
About Black Ink Tech
Based in 2019, Black Ink Tech (BIT) supplies transparency to each enterprise and market phase by specializing in reality slightly than belief in information info. With roughly 52 international workforce members on 4 continents, Black Ink Tech’s improvement and market development by no means sleep. By means of BIT’s multi-patented built-in blockchain software program and {hardware} platform it produces end-to-end immutability which reduces or eliminates friction to extend effectivity, permits for full transparency, and maximizes services or products worth. Initially beginning in building, BIT has expanded its product providing vastly and continues to broaden to succeed in further industries and markets.
To be taught extra about Black Ink Tech, please go to https://www.blackinktech.io
Tollen L, Keating E, Weil A. How administrative spending contributes to extra US well being spending. Well being Affairs weblog. Revealed on-line February 2020. Accessed August 30, 2021. https://www.healthaffairs.org/do/10.1377/hblog20200218.375060/full/
Chernew M, Mintz H. Administrative Bills within the US Well being Care System – Why So Excessive? JAMA Community article. Revealed on-line October 2021. Accessed August 20, 2021. https://jamanetwork.com/journals/jama/fullarticle/2785479#:~:text=A%20variety%20of%20studies%20over,of%20%243.8%20trillion%20in%202019.
SOURCE Black Ink Tech
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