Bloqcube Inc. and NTT DATA Partner to Deliver Blockchain-Driven Clinical Trial Management Solutions to Healthcare and Life Sciences Industry
PISCATAWAY, NJ – BloqCube, a developer of a proprietary integrated clinical trial and financial management system employing innovative
blockchain technology, and NTT DATA, a recognized leader in global technology services, today announced an alliance to benefit the healthcare and life sciences industry.
BloqCube will bring to the partnership its pioneering technology that speeds up clinical trials, by enhancing efficiencies of multiple related processes while retaining strong data security. NTT DATA will provide its expertise in enterprise-scale domain consulting, application implementation and integration services through the company’s healthcare and life sciences business consulting and blockchain technology competencies.
BloqCube uses proprietary algorithms to automate what is typically a laborious process of monitoring clinical trial sites (hospitals, treatment centers) and verifying data. Its C2TA™ technology delivers real-time accounting transaction records of payments and financial planning to clinical trial management. BloqCube is the first company to offer a fully integrated clinical management system leveraging blockchain technology to ensure data security and integrity while accelerating clinical trials and cutting costs.
BloqCube will benefit from NTT DATA’s experience in accelerating value-based healthcare, maximizing efficiency and delivering flexible solutions to achieve accuracy and customer satisfaction.
BloqCube CEO Rama K. Rao stated, “We are delighted to work with NTT DATA as both our organizations are clearly focused on improving patient outcomes. NTT DATA has a broad client base in the healthcare and life sciences industry that will be able to take advantage of our first-in-class clinical trial and financial management technology while BloqCube clients will benefit from NTT DATA’s enterprise-scale services.”
BloqCube participated in the New Jersey Innovation Institute (NJII), Health IT Connections program that connects health IT innovators with leading healthcare corporations, like NTT DATA. NJII’s Health IT Connections program is funded in part from JPMorgan Chase’s Small Business ForwardSM initiative.
BloqCube is a team of business professionals passionate about solving the challenges facing the health care and pharma industries. The team consists of individuals with extensive industry experience in innovation, drug development, business management, clinical operations and blockchain technologies. Its advisory board is represented by M.D.s and Ph.D.’s from leading institutions.
The New Jersey Innovation Institute (NJII) is an NJIT corporation that applies the intellectual and technological resources of the state’s science and technology university to challenges identified by industry partners. Through its Innovation Labs (iLabs), NJII brings NJIT expertise to key economic sectors, including healthcare delivery systems, bio-pharmaceutical production, civil infrastructure, defense and homeland security, and financial services.