SEOUL, South Korea, Dec. 1, 2021 /PRNewswire/ -- DEVITA Global ("DEVITA") together with the Bodi Insurance Group ("Bodi Insurance") have agreed on a cooperation partnership for the joint development of a decentralized health data sharing economy by employing blockchain technology to create a network of trust on which platform participants, characterized as either "Data Owner" or "Data User", can securely store and exchange personal health data.

This agreement comes at a time when the global health insurance sector faces a major data management crisis, which has only accentuated higher demand for high-quality, auditable, and reliable health data. After all, data is the lifeline of healthcare today, with reliable and censorship-resistant exchanges crucial to quality and efficiency.

DEVITA's decentralized health data sharing economy enables Data Owners to profit from providing their personal health information to the Decentralized Health Database or through the sale of their data on the DEVITA Marketplace to Data Users who require the acquisition of untampered health data collected through reliable means. Data is directly sourced from the patients and securely recorded to an immutable and interconnected decentralized ledger, made available on a permission basis to Data Users for research, market analysis, or in the case of insurance companies, specifically, Bodi Insurance, to gain accurate and reliable insight about individuals' health information in the evaluation of health risks.

Commenting on the partnership with DEVITA, B.Zolbayar (CEO of Bodi Insurance) remarks: "We are delighted as this (DEVITA) presents a way to reliably, securely, and efficiently source high-quality personal health data directly from the data owners in our evaluation of health risks to yield cost-effective insurance products for our consumers."