Silver Scott Health Unveils Health Trust NFT: Empowering Patients Amidst Acquisition Bids

In a significant move to redefine patient data ownership, Silver Scott Health has launched Health Trust NFT, a blockchain-based platform empowering individuals with control over their medical and genetic information. This initiative directly challenges the traditional model of data management, particularly in light of Regeneron Pharmaceuticals' reported $600 million bid for 23andMe's genetic data assets.

Empowering Patients with Blockchain Technology

Silver Scott Health, a division of Silver Scott Mines (OTC:SILS), has introduced Health Trust NFT, a revolutionary platform built on its proprietary TrustNFT.io blockchain technology. This system allows patients to manage access to their medical and genetic records through non-fungible tokens (NFTs). Unlike conventional healthcare data systems where institutions hold sway, Health Trust NFT ensures that individuals retain full autonomy over their sensitive information, deciding who can access it, when, and for what purpose.

Stuart Fine, CEO of Silver Scott Mines, Inc., emphasized the ethical imperative behind this launch. "Regeneron's bid for 23andMe's data underscores a critical issue: the unauthorized use of personal genetic information for corporate gain," Fine stated. He added that Health Trust NFT is not merely a technological advancement but a movement towards patient-centered healthcare.

Key Features of Health Trust NFT

The Health Trust NFT platform is designed with several core features to ensure patient control and data security:

• Patient-Controlled Access: Patients can instantly grant or revoke access to their medical and genetic data, preventing unauthorized use by any institution or corporation.

• HIPAA-Compliant Security: The platform is built on a private blockchain with advanced encryption, ensuring compliance with HIPAA regulations and providing tamper-resistant data storage.

• Permissioned Data Sharing: Users can selectively share specific data with healthcare providers, researchers, or other parties, fostering transparency and trust.

• Immutable Consent Records: Blockchain technology logs all consent transactions, creating an auditable trail to prevent unauthorized access or misuse.

• Scalable Preventive Health: By empowering patients, the platform supports broader preventive health initiatives, reducing reliance on institutional data monopolies.

A Timely Response to Data Privacy Concerns

The launch of Health Trust NFT comes at a crucial time, as public scrutiny intensifies over data privacy practices in the healthcare sector. This is particularly relevant following a 2023 data breach at 23andMe and its subsequent bankruptcy proceedings. Silver Scott Health's new platform offers a timely and ethical alternative, aligning with the growing demand for robust data governance in healthcare.

Currently in its beta phase, Health Trust NFT is accessible through TrustNFT.io. A spokesperson for Silver Scott Health reiterated the company's commitment to transforming healthcare into a system that prioritizes patient autonomy and trust, ensuring that personal data cannot be exploited without explicit individual consent.

Sources

• Health Trust NFT Launches to Counter Regeneron's $600M 23andMe Data Acquisition, Stock Titan.

• Silver Scott Health, Inc. Unveils Health Trust NFT to Empower Patient Data Control in Response to Regeneron's$600 Million 23andMe Bid, KSNT 27 News.