8K Miles surges 10% on launch of Blockchain Platform - 8K Health Edge

8K Miles Software Services has surged 10% to Rs 867 on BSE in intra-day trade in otherwise subdued session after the company announced that it is launching 8K Health Edge, a proprietary Blockchain platform which, may translate into solutions for some of the most complex problems in global healthcare.
“With the launch of 8K Miles 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”, said Suresh Venkatachari, Chief Executive Officer of 8K Miles.
While announcing December quarter results on Wednesday, the company said 8K Miles was selected by a US based healthcare provider to assist with the selection of a remote hosted hospital information system solution which  has a potential to support multiple hospitals in the future.