MUMBAI, India, June 26 -- Intellectual Property India has published a patent application (202641052467 A) filed by K Bhavesh; R Shiva Tej; Bandaru Sasikiran; and Dr. M. Anand on April 24, 2026, for A Decentralized Blockchain-Based Framework For Secure And Transparent Medical Fund Management.
Inventors include K Bhavesh; R Shiva Teja; Bandaru Sasikiran; and Dr. M. Anand.
The application for the patent was published on June 19, 2026, under issue no. 25/2026.
Abstract: The present invention discloses a decentralized, blockchain-based framework, referred to as Medicare Chain, for the secure and transparent management of healthcare funds. The healthcare industry faces challenges of transparency and trust when managing the flow of money for insurance claims or patient care funding. Conventional methods involving centralized authorities are often time-consuming and inefficient for managing these fund transactions. The proposed system facilitates the efficient flow of medical transactions without the involvement of intermediaries between patients and donors. It utilizes smart contracts operating on the Ethereum network to automate financial transactions, while the integrity of medical records is ensured by utilizing the Inter Planetary File System (IPFS). Furthermore, the framework integrates a user-friendly web interface developed using the Django framework to enable seamless interaction with the underlying blockchain network.gb(51, 0,
Disclaimer: Curated by HT Syndication.
