Solum’s sgUSD and ICP-powered AI platform delivers near-instant healthcare payments, eliminating payment delays of 30-120 days and reducing fraud, waste and abuse
— Solum Global, Inc., a fully decentralized and permissionless blockchain protocol and DFINITY Foundation, developer and leading contributor to the Internet Computing Protocol (ICP), today announced a strategic partnership to build an instant, transparent payments infrastructure for the US healthcare industry, eliminating $30 billion to $12 billion in recovery costs. Payments. The platform will introduce sgUSD, a stablecoin purpose-built for healthcare transactions, running on the Internet Computing Protocol (ICP), a decentralized network that allows applications and services to operate entirely on-chain without relying on centralized cloud providers or legacy clear houses. Solum’s AI-powered system also identifies fraud, waste and abuse, which is estimated to cost the US healthcare system $1.4 trillion by 2025.
sgUSD and e-health wallet
sgUSD is a digital dollar for healthcare that is fully backed by US Treasury instruments and cash reserves, with independent verification of deposits registered on-chain via HTTPS outcalls. Solum Global provides a seamless solution for the US healthcare industry by integrating sgUSD with its proprietary Solum Solution Electronic Health Wallet (EHW), a platform that unifies electronic health records, revenue cycle management, and claims adjudication in a single decentralized application in ICP containers. Solm EHW replaces fragmented Web 2 systems with a unified Web 3 gateway: clinical documents directly link to payment processing and real-time insurance verification.
Solm’s sgUSD “digital dollar” will allow for near-instant settlement on DFINITY’s Internet Computing Protocol (ICP), the most advanced blockchain for transparency and auditability. A patient’s electronic health record is easily accessible for both physician and patient, enabling instant coverage coverage, while also offering HIPAA-standard encryption and audit logs. Solum’s revenue model includes sgUSD transaction fees, interest earned on US Treasuries and other liquid assets, onboarding fees for new platform customers, a percentage of revenue from RCM customers’ monthly gross billings, and instant online fast payment settlement fees.
“Healthcare systems are catastrophically slow and error-prone, with capital tied up in long reimbursement cycles creating a financial crisis for many doctors and hospitals in the United States,” said Kirk St. Johns, founder of Solm Global. “By creating ICP, we’re deploying an entirely new architecture—one where smart contracts serve the application, AI investigates each claim, and resolves in minutes. DFINITY’s technology is the only platform that makes this possible.”
“Internet computing is a network that provides a new open cloud platform. The network leverages advanced mathematics and computer science to host serverless software that is immune to traditional infrastructure hacks and guarantees uptime. It provides an excellent platform for AI-based applications and services while also supporting end-to-end concerns of security, privacy, and flexibility. Healthcare claims and healthcare value stream routing are exactly the type of application that cloud technology’s new network of It was built for this,” said Dominic Williams, founder and chief scientist of the DFINITY Foundation.
Why is Solm built into the Internet’s computer protocol?
The DFINITY Foundation has developed Internet Computing (ICP) as a decentralized cloud infrastructure that allows companies, governments, institutions, and individuals to host web experiences, store data, and run tamper-proof software completely on-chain, without relying on cloud providers such as AWS, Azure, or Google Cloud. The February 2024 ransomware attack on Change Healthcare exposed central health care vulnerabilities, disrupting 40% of US medical claims and exposing 192.7 million patient records, costing $3 billion in damages. ICP eliminates these single points of failure by replicating data across independent nodes in geographically distributed data centers, so no single cloud vendor can be compromised. Compared to EVM chains, ICP offers dramatically lower storage costs, native web serving, and sub-second endpoints. The network has maintained up to 100 times since its inception, and its technology stack provides Solm capabilities that no other chain can offer.
Canister Smart Contracts: Solm’s Electronic Health Wallet (EHW), AI claims engine, and sgUSD ledger run inside ICP canisters—autonomous, tamper-proof computing units that run a complete web application from the blockchain, maintain their state, and expire in a second or two.
HTTPS Outcalls: Canisters receive external data primarily through consensus-authenticated HTTPS requests—no Oracle middleware required. Solm uses it to extract live payer policy data, verify insurance coverage, and validate treasury reserve verifications directly on-chain.
Security and privacy: Patient and provider authentication uses ICP Internet Identity – a password-less, biometric login anchored to key-chain cryptography that provides HIPAA-grade access control without centralized identity servers. Health records are encrypted on-chain via ICP’s VetKeys protocol, which uses threshold decryption controlled by network consensus, so data is only decryptable by authorized parties – without revealing the private key to any single node.
AI Inference: Solum runs its AI engine directly on canisters to investigate claims in real-time, flagging duplicate costs, upcoding, and billing confusion before payment is released. Every AI decision is deterministic, auditable, and tamper-proof.
Health care spending in the United States is projected to reach nearly $4.9 trillion by 2025, accounting for nearly one in six dollars in the economy. Solum’s partnership with DFINITY’s ICP to launch sgUSD will transform the way medical professionals and patients interact by streamlining the payment process and securely managing medical history, paving the way for a more efficient and transparent healthcare experience.
For more information about Solum Global, visit https://solum.global.
About global territory
Solm Global is a decentralized healthcare technology company based on Internet Computing Protocol. Its platform integrates AI-powered claims adjudication, Canister-based smart contracts, and the sgUSD stablecoin with a proprietary electronic health wallet to deliver HIPAA-compliant healthcare payments in real-time. solum.global
About Internet Computer Protocol
The Internet Computer, developed by the DFINITY Foundation, is an independent blockchain that runs at the speed of the web with unlimited capacity. It extends the public Internet so smart contracts can serve web experiences, store data, and perform computations entirely on-chain. internetcomputer.org
Media contact: Solum@transformgroup.com
Contact information:
Name: Lynissa Martin
Email: Send email
Organization: Solem Global
Website: https://www.solum.global/
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