SUGARLAND, TX / ACCESSWIRE / May 15, 2018 / Quantum Medical Transport, Inc. (OTC PINK: DRWN) hereby announces Quantum Medical Transport, Inc. and Aura Blocks, LLC have entered into a memorandum of understanding for the development of QuantH V1.0 Medical blockchain technology. Aura Blocks, LLC is an Oracle Silver partner developing on the Oracle Blockchain Cloud Service (OBCS) platform and Quantum Medical Transport, Inc. is in the process of developing its Medical Blockchain technology via the Oracle Blockchain Cloud Beta Program. The plan is to design and deploy an Oracle Environment User Interface with multiple Smart Contracts to manage users public and private keys for medical records data storage. The technology will facilitate medical data transfer from EHR/EMR systems thus providing an immutable record which can only be accessed via patient consent through their private keys.
The goal is to roll out a commercial enterprise version in the fourth quarter of 2018, provided all development and Beta testing reflects readiness for deployment. In our opinion, this technology will be the key to solve medical industry privacy and security issues, while preventing hackers from accessing patient records. We estimate the licensing revenue from our technology will be significant in the multi-billion dollar medical ecosystem.
About Quantum Medical Transport
QUANTUM MEDICAL TRANSPORT, INC. is a medical technology company. The company is developing a proprietary medical blockchain technology for secure data storage and data transfer in a HIPAA compliant manner via the Oracle Blockchain Cloud Service platform.
About Aura Blocks, LLC
Aura Blocks, LLC is an Oracle Silver Partner blockchain consulting firm developing exclusively on the Oracle Blockchain Cloud Service platform. They were the only global firm to present 2 working proof of concept demos on the Oracle Blockchain Cloud Service (OBCS) platform at Oracle's premier global event and platform introduction - Oracle Open Word 2017. They specialize in the Medical, Financial and Media/Entertainment verticals. Visit www.AuraBlocks.com for more information.
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This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends", "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
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SOURCE: Quantum Medical Transport, Inc.