“The topic of individuals’ well-being and better utilisation of health data is becoming more and more acute for societies, like Japan and Estonia. We are super excited to be one of the first movers in this space!”
Cybernetica, Sumitomo Mitsui Trust Bank (SMTB) and NEC Corporation have signed a Memorandum of Understanding (MoU) to jointly explore future collaboration opportunities related to the deployment of data exchange infrastructure for healthcare related services in Japan. The MoU addresses the exploration of different business models for utilising Cybernetica’s Unified eXchange Platform (UXP) product for the measurement of individuals’ well-being and thus contributing to the enhancement of health in Japanese society at large. In the upcoming years, a business model will be finalised and launched where at the core resides SMTB, whilst NEC being the technology partner in Japan.
“It is absolutely delightful to take the next step in the collaboration with SMTB. In recent years we have run multiple technology pilots, tested the suitability of Cybernetica’s technology for Data Banking purposes, now we are moving with very concrete steps towards the launch of the business services,” commented Oliver Väärtnõu, CEO of Cybernetica. “The topic of individuals’ well-being and better utilisation of health data is becoming more and more acute for societies, like Japan and Estonia. We are super excited to be one of the first movers in this space! Furthermore, we’re also very happy that NEC has opted to join our consortia, throwing its technological might and Japanese specific ICT knowledge behind the project!” Väärtnõu continued.
From 2023 onward, NEC Group and SMTB will take the lead in building demonstration projects while receiving licensing and technical support for the UXP as well as expertise on X-Road deployment case studies in Estonia from Cybernetica. The current collaboration will also involve inviting new organisations to join as demonstration project participants and conducting a study on potential business models. For example, in the business model feasibility study, we will explore how data exchange infrastructure and ecosystem could benefit individuals by offering the possibility to store and view their own healthcare information and share it with relevant healthcare entities for improved health and well-being.
SMTB aspires to leverage its experience as a leading trust bank in Japan and create new value for both its customers and society at large. In the recent years, the bank has been conducting both research and proof of concepts to build a trusted framework as well as a platform for the secure sharing and utilisation of personal data. For previous initiatives, NEC Corporation has customised Cybernetica’s UXP platform for Japan and different private companies, local governments, universities and other entities have participated in proof of concepts related to healthcare data exchange.