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A public-private consortium has come together in\u00a0South Korea\u00a0to employ blockchain technology in boosting the country\u2019s medical tourism. According to\u00a0local reports, the consortium will be launching a blockchain-powered platform to make this possible. The consortium is made up of seven institutions including Dong-A University Hospital, Pusan National University Hospital, Gosin University Gospel Hospital, Samyuk Busan Hospital, and payment brokerage company Knet Co. Ltd. Busan is the second largest city in South Korea and this initiative is led by\u00a0Busan Bank, which is located in the Busan Metropolitan City. Busan Bank announced on June 18 that they had signed a business agreement to build the platform. Boosting medical tourism in South Korea The agreement is focused on building a \u201ccycle of mutual growth\u201d with local businessmen while also boosting the medical tourism business. This will be done through the combination of the banking process of Busan Bank and the special medical tourism business in Busan. Their goal is to build a blockchain-based smartphone app\u2014called \u201cRegional Mobile Medical Tourism Platform\u2014that will directly connect foreign medical tourists with participating medical institutions. Busan Bank use the blockchain-powered app to channel all medical tourism-related transactions. \u201cThe Busan Bank will actively cooperate to make Busan become the best medical tourism specialty district in Korea,\u201d said Bin Dae-in, president of Busan Bank. \u201cWe will play a role in revitalizing the local medical tourism business,\u201d he added. Busan Bank was selected as a blockchain regulated free zone operator in Busan last July which will help promote the new medical tourism initiative. Source:\u00a0https:\/\/coingeek.com\/blockchain-to-boost-medical-tourism-in-south-korea\/ 00<\/p>\n","protected":false},"author":1,"featured_media":6333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,23],"tags":[],"class_list":["post-6332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-multimedia"],"yoast_head":"\n
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