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PRESS RELEASE. The EU-funded web3 startup Data Lake has launched the world’s first medical information donation system, based mostly on Distributed Ledger Know-how and with a novel incentives mechanism that rewards individuals for his or her medical information altruism referred to as “Consent-to-Earn” (C2E).
They lately launched their pilot program to gather affected person consents in a number of Polish hospitals. Partnering with the Polish Donate Your Data Foundation, the startup has collected a whole lot of consents already, and their oldest information donor (or “Knowledge Hero” as they’re referred to as) is of their nineties, proving the potential for large-scale adoption throughout all demographics.
The founders of Knowledge Lake – all medical docs – are satisfied that medical science is on the verge of a revolution that may very well be some of the essential leaps ahead since penicillin or vaccines had been found. The instruments of this revolution – together with Synthetic Intelligence, medical algorithms, and even robotics for surgical procedure – are already starting to play an every-day function in healthcare. With out consultant, high-quality information it’s troublesome for researchers and most of the people to place absolute religion in these new applied sciences which are so depending on information. Bias within the information means bias within the closing product.
Knowledge Lake has discovered the answer to this downside. The corporate has constructed a medical information entry layer for analysis and improvement. Identical to giving blood, individuals can anonymously donate their medical data to science. Their system is constructed upon the basics of information privateness and person consent, and so they’re utilizing the general public blockchain to ensure transparency surrounding donor’s consents, whereas guaranteeing private information at all times stays non-public and safe. The distinctive worth proposition of their system for most of the people, is their C2E mannequin. If profitable, it may enable individuals to self-monetize their medical information in a market price greater than €100bn per yr in Europe alone.
CEO of Knowledge Lake, Wojciech Sierocki MD says:
“The Knowledge Lake system has the potential to revolutionize medical analysis – with the appropriate information I’m satisfied we are able to fight virtually any illness. However with lives on the road and the possibility to considerably enhance the standard of life for hundreds of thousands, we realized that we needed to transcend counting on altruism alone to make sure world participation. That’s why we paired the noble thought of information altruism with a brand new Consent-to-Earn mannequin to encourage participation. We’re satisfied that what we’re constructing will assist ethically and sustainably unlock entry to this information, and gas a brand new wave of medical and scientific progress!”
From the donors themselves to the hospitals and consent collectors, everybody shares within the rewards of a brand new information financial system that’s being opened up for the very first time. In the event that they succeed of their mission to launch a world medical information donation system, the implications for medical science might be felt world-wide. Knowledge Lake plans to develop their system to the remainder of Europe after which worldwide within the coming months and years, and are already in varied phases of negotiation with information suppliers and information receivers the world over.
About Knowledge Lake:
Knowledge Lake is constructing a world medical information donation system based mostly on blockchain expertise and powered by the $LAKE token. They’re empowering individuals to offer consent to the utilization of their medical information in a secure, straightforward and personal approach, whereas offering giant information units that revolutionize scientific analysis and medical research. Their Consent-to-Earn mannequin rewards those that contribute their medical information to science.
Data Lake Website | Data Lake Twitter | Data Lake Telegram | Data Lake Medium | Data Lake LinkedIn
Press Contact: Dinidh O’Brien
Contact Title: World Head of Public Relations
Contact E mail: dinidh.obrien@data-lake.co
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Picture Credit: Shutterstock, Pixabay, Wiki Commons
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