Accordingly, the IIT-M will use its expertise in block chain, artificial intelligence machine learning, IoT and motion capture technology to work for the wellbeing of the community, specifically the young workforce and weaker sections of the society. 

Sources said that the alliance was inaugurated on Wednesday at IIT Madras by Dr Ram D Sriram, a renowned AI and healthcare expert and is currently the chief of the software and systemsd, Information Technology Laboratory at the National Institute of Standards and Technology (NIST) of 

the US government. 

The stakeholders of this alliance would be academic institutions such as the IITs, health technology companies, medical device makers, digital health players, medical institutions, corporate firms, government bodies such as NITI Aayog and Certifying/Regulating Agencies. 

The ‘Global Alliance’ is an initiative of IIT Madras along with Industrial partners, hospitals, and global thought leaders. This alliance is intended to improve quality of life for healthcare providers and seekers and to leverage India’s strength to enhance global health and wellness care. 

In addition, the alliance would work to foster market-driven innovation, to enhance skill development, to protect intellectual property and develop best-in-class manufacturing infrastructure, spawn new products and services around Industry. This alliance enables cooperation of all stakeholders through block chain for setting policy, standards and regulatory framework. 

The focus would be on culture of wellbeing, interoperability, data privacy, cyber security, policy, consumer engagement and Evidence and Evaluation. The alliance will be a great platform to drive the global penetration for the thriving health tech start-up community. The alliance has its own block chain, which is a decentralised platform, that enables secure, fast and transparent exchange and usage of medical data with smart contracts. With the block chain technology, the community end user is at the centre of the digital transformation of healthcare and is empowered with the right of his/ her own data.