Bitcoin-based Sperm Tracking Platform Eggschain Announced A Partnership With The Boston IVF

The Blockchain-based system for tracking genetic data Eggschain is announcing a collaboration in conjunction with Boston IVF chain of 30 fertility clinics across the United States.

       The partnership will make use of blockchain technology developed by Eggschain to assist in the tracking of cryogenic stored sperm that will be used for IVF as well as other fertility treatments and non-fertility treatments as well as for the long-term storage of genetic information. Eggschain’s spokesperson said:

“Using the blockchain to track biospecimens such as sperm and eggs empowers individuals facing reproductive issues. This pivotal partnership enables greater confidence through the transparency and immutability of the data.”

In 1986, the company was founded. Boston IVF is a chain of fertility clinics specializing in IVF and endocrinology and genetic data storage. The clinics have been credited with helping more than 100,000 babies be born in the past. The chain has also trained about 30 reproductive endocrinologists under the accreditation REI Fellowship Program.

Boston IVF CEO David L. Stern stated that he believes that the integration of blockchain technology into the operations of the company will enhance the experience for customers “with an unparalleled level of transparency and security.”

Austin-based Eggschain is an Austin-based medical technology company developing an efficient supply chain solution for the fertility industry that uses blockchain built upon Bitcoin layer two Stacks. It is a custody management system for stem cells organs, DNA, RNA tissues, blood as well as IVF security. It claims to reduce the time spent in the process of selecting sperm from international jurisdictions by recording information on its platform. It also claims to secure high-level patient data to prevent false filing of data and enhance the transparency of the overall operation.

In a partnership together with Boston IVF, Eggschain is making its entry into the $21.89 billion worldwide IVF market, which is expected to be worth close to $34 billion by 2028 , according to an study from Grand View Research.

The healthcare industry has benefited many benefits of blockchain technology, for instance through CURE Chain and Aimedis that use tokens that are not fungible to help patients keep their information and provide crypto-based rewards for adding to their personal profile.

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