Singapore healthcare company plugs into metaverse

Virtual medical cities planned for Singapore and Indonesia.
Singapore-based Meta Health Ltd planning to plug into the healthcare ecosystem in the metaverse through a partnership with medical technology company Aimedis.
The Netherlands located Aimedis is a blockchain medical company that has established what it calls the Aimedis medical city in the metaverse. 
Hospitals and accredited medical service providers can open virtual clinics and provide services within the Aimedis platform by leasing agreements based on a non-fungible tokens (NFT) marketplace.
An NFT is a non-interchangeable unit of data stored in a blockchain, which is a form of digital ledger which can be sold and traded.
Technology companies, such as Facebook, are currently spending significant sums of money in building the metaverse, a virtual universe that blends various digital technologies like blockchain, videoconferencing, virtual reality, cryptocurrencies, social media and live-streaming.
Platform interoperability is increasing, thus allowing a slew of companies to provide services within the virtual platform.
Meta Health’s partnership with Aimedis will see its fully-owned healthcare company, 5Digital Pte Ltd, which provides telemedicine service and runs a medical IoT (internet of things) platform in Singapore and Indonesia, embedded within the virtual Aimedis medical city.
This would enable blockchain-based storage of medical data uploaded from medical IoT devices as well as doctor consultation data from 5Digital.
Aimedis, on its part, will receive a royalty on the NFTs and spaces created together with 5Digital in the virtual medical city.
The partnership gives 5Digital an option to invest up to 25 percent of the next equity fundraising exercise by Aimedis.
SGX listed company
Meta Health is listed on the Catalist exchange of the Singapore Stock Exchange (SGX).
In January this year, the company changed its name from Metal Component Engineering Limited following a resolution at its extraordinary general meeting.
The move was in line with the organisation pivoting its business towards healthcare and e-commerce from mechanical manufacturing solutions.
The diversification started last year with investments in companies operating in the health and wellness sectors as well as e-commerce.
5Digital’s chief medical officer, Dr Vas Metupalle, said the company has plans to set up a virtual outpatient medical centre that will connect with specialists based in the Orchard Road district in Singapore.
It will also have a fitness studio, and an event hall for health talks and healthy cooking demonstrations.

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