Haventec: Project Todd

The AustCyber Projects Fund is a $15 million, three-year initiative designed to help the Australian cyber security industry grow and take ideas globally. Since launching in 2018, AustCyber has provided this funding to projects that are making a real contribution to growing Australia’s cyber security ecosystem, guided by the Sector Competitiveness Plan.

One of the participants in AustCyber’s Projects Fund was Haventec, which used its involvement in the Projects Fund program to develop a cyber-secure digital health consent solution, deliver a suite of digital identity and data sharing APIs, and advance the technology readiness level of its platform.

The health sector has seen unprecedented change in recent years. Digital engagement between patients and providers is at an all‐time high, with more personal health information stored and shared digitally than ever before. However, our trust in these systems has come at a cost. Current strategies and technologies have not protected sensitive health information, with the health sector regularly topping the list of notifiable data breaches to the Office of the Australian Information Commissioner.

Sophisticated cyber attacks increasingly target sensitive data, and there is widespread recognition that existing technology solutions do not mitigate violations of privacy and theft of critical value data.

In 2020, Haventec, in partnership with 23Strands, embarked on a 12‐month project to deliver eConsent for Genomics: a cyber‐secure digital health consent solution.

eConsent for Genomics is built on Haventec’s proven data and identity security platform, and provides a secure digital experience for storing and sharing personal health information, addressing key challenges within the health and MedTech sectors.

Operating at the leading edge of data privacy and cyber security, Haventec’s internationally patented technologies are engineered to empower users to own and control their identity and personal data, while removing vulnerabilities that organisations spend millions trying to protect.

The accelerated project has since achieved sector-leading results. Individuals can now have complete control over how their sensitive health data is used and shared, without compromising their right to privacy. Secure decentralised data storage removes control of the data (and the associated risk) from service providers, such as 23Strands, via access to Haventec APIs. Yet parties can collect, share and use consented health information without the risk of data or digital identities being stolen and misused.

As a result of participating in AustCyber’s Projects Fund, Haventec has also experienced a significant boost to their business in terms of team growth, market awareness, investor interest, and advancing the Technology Readiness Level of their platform.

“Data and identity are the key foundations for trust in the connected world, Health service providers constantly handle health information about their patients and understand that health information is sensitive and needs to be treated carefully. Handling this information appropriately underpins the trust in a provider‐patient relationship. We are confident in our platform’s ability to deliver a world‐class consent experience that enables people to securely share their personal and sensitive health information, and help providers to the health and MedTech sector store that information in a highly secure and compliant way. The project has provided outcomes that are in demand by health and wellbeing enterprises, their customers, and regulators around the world.” – Dave Maunsell, CEO of Haventec.

About Haventec

At the core of the Haventec proposition is a bold idea, beautifully executed – protecting digital identities from harm – a key pillar of digital trust. Haventec has developed award‐winning decentralised platforms that eliminate the need to centrally store digital identities, credentials and data. For organisations, consumers and citizens, it’s time to grow your business, innovate and transact online with confidence.

Learn more about Haventec at their website.

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Find out more about the other projects involved with the AustCyber Projects Fund.