AVENTURA, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) introduced at present that the National Health Authority has chosen its Belfrics subsidiary, Ministry of Health and Family Welfare, Government of India, to subject roughly 1 million Ayushman Bharat Health Account (ABHA) IDs by the tip of June 2023 utilizing its decentralized Belshare utility. The ABHA quantity is a 14-digit quantity that uniquely identifies people as members in India’s digital healthcare ecosystem. An particular person’s ABHA quantity will set up a robust and trusted identification that healthcare suppliers and payers throughout the nation will settle for.

The Indian digital well being market is booming owing to the COVID-19 pandemic, which sparked a wave of digital transformation throughout the healthcare ecosystem. It is predicted to succeed in $10.7 billion (INR 882.8 billion) by 2027, rising at a CAGR of 21.36% through the forecast interval of 2022-2027. This is a big alternative for the Belfrics crew to discover the Belrium blockchain with the Government of India, the place ABHA IDs (Digital Health IDs) will likely be issued to the customers, and the well being information will likely be interoperated throughout the nation seamlessly.

India’s National Digital Health Mission intends to supply important help for the nation’s digital well being infrastructure integration. BelfricsBT Pvt Ltd has accomplished the Milestone 1 (M1) integration with its identification administration DAPP (Belshare), and obtained an M1 License from National Health Authority, Government of India.

BelfricsBT Director Vazeem Jadeer mentioned, “Identity dApp (Belshare) will be used for issuing the digital healthcare identity (ABHA IDs) across all states of India with document management as one of the key features. Patient record management, patient registration, patient ID, and healthcare profession certificate can be stored in the Belshare wallet, which is built on a decentralized network. Post-Covid, there has been a significant shift towards digital healthcare, and we believe the Belshare solution will accelerate the digital adoption for the nation.”

Belfrics will additional goal the state governments to construct amenities and practitioner modules to construct a wider answer to interoperate authorities healthcare information.

Satish Shekar, Founder, and CEO of YoSyn, mentioned, “It is an honor to have been associated with Belfrics in this project. We originally started it as a Covid-19 challenge initiated by the International Institute of Information Technology, Bangalore, a research university in Bangalore, India, and Mphasis. After that, we were awarded a sandbox license from National Health Authority, Government of India. Today we have completed M1, and I am confident that Belfrics will also complete M2 and M3 in the near future.” Mr. Shekar continued, “Belfrics’ revolutionary KYC-based Belrium blockchain is capable of being a market leader in the health sector compared to competitors in the market.”

Praveen Kumar, CEO and Founder of Belfrics Group of corporations mentioned, “To be a part of the ABDM initiative to create national health ID for 1.3 billion people in India reiterates Belfrics’ capability and commitment to blockchain-based identity and data management solutions. Inefficiency in cross-institutional data sharing is a key factor that affects the research and clinical effectiveness and the associated costs. We will remain committed to our R&D efforts, which we expect to play a significant role in global healthcare data management.”

An absence of deep, ubiquitous information interoperability has been a big concern for the healthcare trade because of the siloed vendor ecosystem and the excessive price of constructing a unified protocol. Blockchain could be very a lot appeared upon to resolve these points and scale back the price of healthcare companies and make them extra environment friendly. With the identity-oriented Belrium Blockchain, Belfrics is constructing an answer the place the well being information are saved and interoperated seamlessly via user-consented structure. Blockchain improves effectivity and time spent transferring affected person data from one facility to a different. The blockchain answer additionally will increase the protection of the sufferers by decreasing the duplication of medical interventions.

Robert Grinberg, CEO of Life Clips, mentioned, “ABHA IDs, which will unify the entire Indian health ecosystem, is an excellent initiative by the Indian government to access and share health records digitally with the hospitals, clinics, and insurance providers across the nation. Belfrics intends to complete the M2 and M3 (Milestones 2 and 3) within the next three to six months. This is a tremendous opportunity for our Belfrics subsidiary and a tremendous vote of confidence for its revolutionary KYC-based Belrium blockchain.”

About Us

Life Clips is the guardian firm of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian-based blockchain supplier and cryptocurrency alternate and platform licensed and controlled by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational workplaces in 8 nations, Belfrics’ multi-feature buying and selling platform affords its purchasers digital property, cryptocurrencies, and crypto by-product contracts. Belfrics blockchain has been acknowledged by Gartner as being a prime 10 blockchain by way of real-world initiatives and has obtained a patent for its Belrium KYC verification System (BKVS) from the Nigerian patent authority. Cognitive Apps is disrupting the psychological well being area with its speech-based, AI-powered psychological well being analytics platform that empowers companies to measure, perceive, and enhance the psychological well-being of their workers, sufferers, and clients. Aiki delivers CBT and IPT therapies utilizing a chatbot that features the voice evaluation answer that takes in different well being information from Apple and Google HealthPackage to extra precisely analyze one’s psychological well being. Aiki was developed to capitalize on the development towards synthetic intelligence platforms utilized by people and firms to lift consciousness of workers’ psychological well being. Cognitive Apps is developed by a crew of licensed psychotherapists that makes use of vocal biomarkers to display screen for early indicators of psychological well being circumstances, resembling stress and melancholy. Aiki is accessible on Apple‘s App Store.

For more information on Life Clips, visit www.lifeclips.com
For more information on Belfrics Global, visit www.belfricsgroup.com
For more information on Cognitive Apps Software Solutions, visit https://cogapps.com

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Source: Life Clips Inc.

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