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Tata Consultancy Services is working with Health Innovation Exchange (HIEx) to improve access to healthcare by delivering two digital solutions aimed at addressing the current challenges faced by global health ecosystems and pave the way towards a sustainable future.
HIEx is a UN-hosted partnership that brings together policymakers, innovators and investors to leverage innovation and technology to reach health-related Sustainable Development Goal (SDG) targets. As part of the partnership, HIEx and TCS Digital Garage, an innovation unit of TCS, will jointly develop a platform called SPINE – Specialized and Proficient Integrated Network of Experts.
The platform will leverage technologies, such as IoT, artificial intelligence and analytics, to connect people in need of healthcare solutions and services to a network of primary, secondary, and tertiary health experts and providers. It will help tackle the twin problems of inaccessibility and inequality facing the global healthcare ecosystem and deliver improved health outcomes for all.
The second part of the collaboration will see the forming of a healthcare financing platform called TCS HIEx tokenization platform for SDGs, which leverages blockchain technology to allow investors, including retail ones, to invest easily in promising healthcare start-ups from anywhere in the world, by purchasing unique HIEx SDG3 tokens. Tokenization of equity allows for the easy and affordable creation, issuance, and transfer of digital tokens, thereby democratizing the fundraising process. This platform is expected to help health start-ups easily receive the funds raised and channel the money towards more innovation and market-ready solutions.