Business
SinglePoint Signs LOI with ORHub to Launch Healthcare Blockchain Initiative
SinglePoint Signs LOI with ORHub to Launch Healthcare Blockchain Initiative.
About this update from Orhub, Inc.
[{"type":"text","content":"\n\n SEATTLE, Feb. 21, 2018 (GLOBE NEWSWIRE) -- via NetworkWire - SinglePoint, Inc. (OTCQB:SING) is pleased to announce a Letter of Intent (“LOI”) with ORHub, Inc. (OTC:ORHB)  to build-out a blockchain services platform for health care applications. ORHub’s surgical resource management (“SRM”) software is transforming the way hospitals handle operating room data, enabling dramatic reductions in supply chain costs. SinglePoint will design and develop for ORHub blockchain-based solutions as an add on to enhance the value of data collected by the operating room software platform. ORHub has agreed to engage SinglePoint for up to $750,000 in initial development costs. SinglePoint believes this is the first of many contracts that it will execute in the blockchain development space.\n SinglePoint recently completed an annual audit, uplisted to trading on the OTCQB Venture Market and announced the addition of Venugopal Aravamudan as a board member with the intent of acquiring new business and joint technology ventures leveraging his vast network and connections built at Amazon, F5 and others. SinglePoint believes the value of the intelligent data captured at the point of care can be further unlocked through blockchain solutions that streamline and enhance the accuracy of medical records, efficiency of inventory management, and improvement of billing cycles. “Having ORHub select SinglePoint as their solutions architect is fantastic. We are beyond excited to dig into this project and develop a truly industry-changing solution. With the commitment from ORHub to fund the project, we are in a strong position to design, develop and execute on the solution. As part of this collaboration and broader corporate initiatives in the blockchain market, we are aggressively establishing working relationships with key blockchain engineers,” states SinglePoint President Wil Ralston. “This healthcare blockchain initiative with SinglePoint is an exciting development for us at ORHub. Our vision is to dramatically lower surgical costs, create time efficiencies while improving patient outcomes by capturing relevant surgical data and deploying this information through blockchain solutions to provide instant access for doctors, patients and hospital administrators.  We believe that blockchain inspired te...