PRESS RELEASE. The EU-funded web3 startup Information Lake has launched the world’s first medical knowledge donation system, primarily based on Distributed Ledger Expertise and with a novel incentives mechanism that rewards individuals for his or her medical knowledge altruism referred to as “Consent-to-Earn” (C2E).
They not too long ago 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 tons of of consents already, and their oldest knowledge 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 could possibly be some of the necessary leaps ahead since penicillin or vaccines have 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 position in healthcare. With out consultant, high-quality knowledge it’s troublesome for researchers and most of the people to place absolute religion in these new applied sciences which might be so depending on knowledge. Bias within the knowledge means bias within the ultimate product.
Information Lake has discovered the answer to this downside. The corporate has constructed a medical knowledge entry layer for analysis and growth. Similar to giving blood, individuals can anonymously donate their medical data to science. Their system is constructed upon the basics of knowledge privateness and consumer consent, they usually’re utilizing the general public blockchain to ensure transparency surrounding donor’s consents, whereas guaranteeing private knowledge 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 permit individuals to self-monetize their medical knowledge in a market price greater than €100bn per 12 months 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 knowledge I’m satisfied we will 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 knowledge 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 knowledge, 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 knowledge economic system that’s being opened up for the very first time. In the event that they succeed of their mission to launch a worldwide medical knowledge donation system, the implications for medical science will probably be felt world-wide. Information Lake plans to develop 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 knowledge suppliers and knowledge receivers the world over.
About Information Lake:
Information Lake is constructing a worldwide medical knowledge donation system primarily based on blockchain expertise and powered by the $LAKE token. They’re empowering individuals to offer consent to the utilization of their medical knowledge in a protected, straightforward and personal approach, whereas offering massive knowledge units that revolutionize scientific analysis and medical research. Their Consent-to-Earn mannequin rewards those that contribute their medical knowledge to science.
Press Contact: Dinidh O’Brien
Contact Title: International Head of Public Relations
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