On June 10th, the Korea Smart Healthcare Association and the SL Foundation, developer of protocols for collecting and analyzing medical data, signed a Memorandum of Understanding (MOU) to form a strategic partnership focused on medical technology innovation and improving public health around the world. The collaboration is to develop new healthcare platforms using artificial intelligence (AI), blockchain and multimodal technologies.
The Korean Smart Healthcare Association plays a leading role in the digital healthcare sector in Korea, supporting the development of digital medical devices. Its members include top-level hospitals such as Seoul National University Hospital, Winju Seberan Christian Hospital, and South Korea University Anam Hospital, as well as companies such as Cocoa Healthcare. The association operates with support from major government agencies, including the Ministry of Health and Human Services, the Ministry of Science and the Ministry of ICT.
Under the MOU, the two organizations will work on joint research and commercial initiatives. These include building multimodal medical datasets, creating a platform for training explainable AI (XAI) models, and launching the market for healthcare AI applications.
The partnership also covers the development of AI-powered medical devices, blockchain systems for secure data processing, and transparent AI training processes. SL Foundation’s native tokens are used for data transactions within the platform to support a decentralized approach to medical data sharing.
In addition to technology development, the agreement includes workforce training to support academic collaboration, collaborative research programs and personalized healthcare progress and to increase transparency in medical research.
Image: Freepik