Datavault AI (DVLT), Wellgistics Health Expand Partnership to Launch Blockchain-Powered HaaS Model

Datavault AI Inc. (NASDAQ:DVLT) is one of the best penny stocks under $1 to buy right now. On February 23, Datavault AI and Wellgistics Health Inc. (NASDAQ:WGRX) announced an expansion of their partnership to develop a Healthcare-as-a-Service/HaaS model powered by blockchain-enabled smart contracts. This initiative builds on their existing PharmacyChain technology, which currently digitizes the tracking of prescription drugs from script to fulfillment.

The expanded collaboration will integrate Datavault AI Inc.’s (NASDAQ:DVLT) patented intellectual property to consolidate data from hospitals, clinics, diagnostic labs, and wearables into a single, comprehensive healthcare solution. By using these diverse data streams, the companies aim to improve patient outcomes and reduce the total cost of care through secure, AI-driven insights.

Wellgistics intends to use its upcoming iOS app update as the primary vehicle for patient adoption, employing a hub-and-spoke delivery model. Under this system, the online Wellgistics Pharmacy will serve as the main distribution channel for prescriptions and OTC products, while a network of over 6,500 independent pharmacies provides local touchpoints for urgent fulfillment and complex healthcare referrals. The partnership aims to capitalize on the rapidly growing blockchain healthcare market, which is projected to reach $214 billion by 2030.

Datavault AI Inc. (NASDAQ:DVLT) is a data sciences technology company that owns and operates data management platforms with supercomputing capabilities in North America, Asia Pacific, Europe, and internationally.

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