Canaan Teams Up With Hakim on Blockchain Solutions in Healthcare

Under the agreement, Canaan’s supercomputing will be used in the blockchain and smart contracts for Hakim’s health insurance.

Belinda Zhou
    Oct 31, 2019 2:00 PM  PT
Canaan Teams Up With Hakim on Blockchain Solutions in Healthcare
author: Belinda Zhou   

Canaan Inc., a mining equipment maker that filed for a U.S. IPO this week, and the medical arm of Hakim Unique Internet Co. Ltd. announced they will set up a joint venture to bring solutions in smart medical care.

Shenzhen-listed Hakim Unique said in a statement this week that the joint venture will explore a new model of blockchain combined with smart healthcare, using blockchain technology to improve the security of data interconnection in the medical field. Under the agreement, Canaan's supercomputing will be used in the blockchain and smart contracts for Hakim's health insurance from sales to claims.

"Canaan is determined to become the new generation of credit leader in the digital economy, which coincides with the strategic layout of Hakim in the field of smart medical care," Hakim stated.

Hakim's medical arm owns a medical network and has cooperated with more than 10,000 specialist doctors, according to its website. It provides services to more than 300 international medical centers and 200 medical associate partners. 

Hangzhou-based Canaan has filed earlier this week for an initial public offering in New York of up to $400 million. The company is the second-largest maker of bitcoin mining machines globally, according to its filing, and it expects to become the first of its kind in China to become public.

It aims "to make supercomputing available for everyone and to enable the wide adoption of Blockchain and AI technologies for better living," Canaan wrote in its prospectus.

Li Shan at Credit Suisse Securities, an underwriter on Canaan's expected IPO, told CapitalWatch earlier this year that the company has a strong team and has chosen a good time to get listed. 

Canaan expects to list on the Nasdaq Global Select Market under the symbol "CAN."


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