Everything Blockchain Inc. announced that it has entered into an agreement with SP Capital Management, LLC to develop a World Medical Platform (WMP) and electronic medical records (EMR) built on blockchain technology. The platform along with corresponding medical records, will be stored in a decentralized blockchain utilizing EB Build: EBI's secure, patent-pending blockchain technology. A new federal rule that went into effect October 6, 2022, requires health care organizations to give patients unfettered access to their full health records in digital format.

It's imperative to protect this information from potential bad actors. The World Medical Platform enables storing these medical records on blockchain technology enabling individuals to secure their personal identifiable information (PII) and personal health information (PHI) while also providing an immutable health record. The World Medical Platform will serve as a one-stop-shop for those looking to take charge of their health information and keep it secure.

The agreement consists of three phases, design, development, and implementation. EBI will be compensated for design and development cost of $1.25 million in cash and $5.0 million in token compensation. EBI will receive transactional fees throughout the life of the system.