New cybersecurity technology raises $30k in 1 day through crowdfunding

The Secure Exchange of Encrypted Data Protocol, a new answer to cybersecurity threats that Tom Reid created, reached its Kickstarter campaign goal of $30,000 in just one day, according to a MedCity News report.

Mr. Reid, an Ohio-based consultant and inventor of the Secure Exchange of Encrypted Data Protocol, or SEED Protocol, aims to keep health information secure from cyberattacks by using three methods — decryption keys, user identification and file encryption. The technology divides each file or record into three pieces that are sent to a "hardware key master, a user registry or a cloud-based lockbox," according to the report. The technology forces hackers to contend with three different elements. The "key master" creates a unique decryption key for each file, which would be given to the patients.

"Healthcare is our first industry," Mr. Reid said, according to the report. "What we would really like to do is build [the cybersecurity protocol] into the electronic health record."

Mr. Reids plans to conduct the SEED protocol's first deployment in January.

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