An objective of making Chennai the Digital Wellbeing Capital of the world with the deployment of digital technologies
Indian Institute of Technology Madras (IIT Madras) is initiating an alliance called ‘Digital Wellbeing Alliance’ to deploy digital technologies with the objective of making Chennai the ‘Digital Wellbeing Capital’ of the world.
Blockchain and Artificial Intelligence Technology
The Institute will use its expertise in Blockchain, Artificial Intelligence/Machine Learning, IoT and Motion Capture Technology to work for the wellbeing of the community, specifically the young workforce and weaker sections of the society.
The alliance was inaugurated at IIT Madras by a renowned AI and healthcare expert and currently the chief of the Software and Systems Division, Information Technology Laboratory, at the National Institute of Standards and Technology (NIST), US federal government.
Alliance has its own Blockchain
The alliance is intended to improve quality of life for healthcare providers and seekers and to leverage India’s strength to enhance global health and wellness care. The alliance has its own blockchain which is a decentralized platform that enables secure, fast and transparent exchange and usage of medical data with smart contracts. With the blockchain technology, the community end user is at the centre of the digital transformation of healthcare and is empowered with the right of his/her own data.
The stakeholders of this alliance would be academic institutions such as all the IITs, Health technology companies, medical device makers, digital health players, medical institutions, corporate firms, government bodies such as NITI Aayog and Certifying/Regulating agencies. The global alliance is an initiative of IIT Madras along with Industrial partners, hospitals, and global thought leaders.
The alliance would work to foster market-driven innovation, to enhance skill development, to protect intellectual property and develop best-in-class manufacturing infrastructure, spawn new products and services around Industry 4.0. This alliance enables cooperation of all stakeholders through blockchain for setting policy, standards and regulatory framework.