PRESS RELEASE. The EU-funded web3 startup Information Lake has launched the world’s first medical information donation system, based mostly on Distributed Ledger Expertise 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 Information Basis, the startup has collected a whole lot of consents already, and their oldest information donor (or “Information Hero” as they’re referred to as) is of their nineties, proving the potential for large-scale adoption throughout all demographics.
The founders of Information Lake – all medical docs – are satisfied that medical science is on the verge of a revolution that might be one of the vital vital 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.
Information Lake has discovered the answer to this downside. The corporate has constructed a medical information entry layer for analysis and growth. Identical to giving blood, individuals can anonymously donate their medical information to science. Their system is constructed upon the basics of information privateness and person consent, they usually’re utilizing the general public blockchain to ensure transparency surrounding donor’s consents, whereas making certain private information at all times stays personal 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 value greater than €100bn per yr in Europe alone.
CEO of Information Lake, Wojciech Sierocki MD says:
“The Information Lake system has the potential to revolutionize medical analysis – with the suitable information I’m satisfied we will fight nearly any illness. However with lives on the road and the prospect to considerably enhance the standard of life for tens of millions, we realized that we needed to transcend counting on altruism alone to make sure world participation. That’s why we paired the noble concept 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 gasoline 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 shall be felt world-wide. Information Lake plans to broaden their system to the remainder of Europe after which worldwide within the coming months and years, and are already in numerous phases of negotiation with information suppliers and information receivers the world over.
About Information Lake:
Information 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 protected, straightforward and personal means, 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.
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Press Contact: Dinidh O’Brien
Contact Title: International Head of Public Relations
Contact Electronic mail: [email protected]
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