8KMiles Software Services Limited (8KMiles) Launches Blockchain Platform 8KMiles Health Edge
-Proprietary Blockchain Technology Solutions to be Rolled Out Throughout 2018-
Chennai, India February 15, 2018 — 8KMiles Software Services Limited (NSE:8KMILES; BSE:512161), announced today the Company is launching
8K Health Edge (www.8khealthedge.com) a proprietary Blockchain platform which, may translate into solutions for some of the most complex problems in global healthcare. According to a June 2017 report from The Economic Intelligence Unit, World Industry Outlook, Healthcare and Pharmaceuticals, the combined healthcare spending in the world’s major regions is expected to reach USD $8.7 trillion by 2020, up from USD $7 trillion in 2015. As the world’s healthcare needs not only continue to grow and become more complex, technology such as Blockchain is under-utilized.
Suresh Venkatachari, Chief Executive Officer of 8KMiles stated, “With the launch of 8KMiles Health Edge our team intends to unleash the power of Blockchain. Blockchain allows organization of any chain of records or transactions without the need of intermediaries, and reducing the number of intermediaries in healthcare delivery, which will subsequently reduce costs and allow for real time solutions. Ability to establish trust-based network between entities and inherent security that comes with it, makes Blockchain ideal for Health Information Management.” Mr. Venkatachari added, “Artificial Intelligence/Machine Learning, Big data and better analytics are all part of improving how healthcare is delivered around the world when coupled with Blockchain-based infrastructure, can revolutionize the world of personalized Care, Medicine and Medical Research. While every national healthcare system is different, technology can provide cross-border solutions. Our partnerships with Amazon Web Services (AWS), Microsoft, Google and Oracle uniquely position 8KMiles to develop a secure Cloud Blockchain that is fully HIPAA compliant and HITRUST certified. Developed, emerging and least developed countries cannot continue to increase their healthcare budgets without seeing real time results and qualified and quantified outcomes. 8KMiles is ready to lead the charge and unleash the power of Blockchain to decentralize healthcare bottlenecks yet centralize patients’ health information to overcome the transparency issues that face many of the world’s healthcare systems.”
About 8KMiles Software Services (www.8kmiles.com)
8KMiles Software Services is a global Cloud & Security solutions provider and Next Generation Cloud MSP headquartered in the San Francisco Bay area and a publicly traded company listed on Indian Stock Exchanges (NSE and BSE). 8KMiles Software Services offers secure Cloud solution allowing for organizations in highly regulated industries to embrace the Cloud. We have Cloud solutions that can meet GxP, HIPAA, PCI, SOX and GLB making it easy to meet regulatory compliance on the Cloud. Our CloudEz platform combines Automation, Security, Governance and Validation for regulatory compliance, helping to reduce costs and time to market.
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Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements.