Singapore-based blockchain startup JEDTrade today announced the launch of Jupiter Chain, a consent-able data exchange platform that enables the use of data analytics without compromising on privacy.

According to a press note, Jupiter Chain allows blockchain technology to be put in the healthcare services ecosystem, where data privacy and security is crucial. It does so by encrypting users’ data and requiring consent before other parties can access the necessary information to conduct big data analytics projects.

JEDTrade’s vision is to have customised healthcare plans from the aggregated medical data, while the data remains secure and private to them. Healthcare business owners will also no longer have to be custodians to user data, avoiding hiccups in securing sensitive data.

The whole objective is to eliminate the risks of data sharing and increases the benefits to consumers and researchers.

“With Jupiter Chain, JEDTrade hopes to fundamentally change the way we handle data. From day-to-day interactions to large-scale processes, enterprise blockchain technology will change the way we live, with new industries hungry for solutions,” said Dr. Ernie Teo, CTO of JEDTrade.

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Last month, JEDTrade also announced Jupiter Chain’s partnership with Genecare, a genetics testing company based in Southeast Asia. Genecare allows clients to understand their health risks based on whole-genome sequencing. With this partnership, service providers can only access assessment results and will not see specific genetic data, ensuring the privacy of users while allowing them access to tailored healthcare and services.

JED is a technology company that builds business solutions powered by blockchain technology focussing on three domains: data, supply chain and financial services. Jupiter Chain is aligned with global data laws such as General Data Protection Regulation (GDPR), Personal Data Protection Act (PDPA) and related data governance.