Blockchain could revolutionize medical science
Blockchain and cryptocurrencies in general are too often associated with speculative financial markets.
But what many of the general public still don’t understand is that the technology itself is revolutionary, and the way we share blocks of data while preserving its integrity and reliability will change the world.
In fact, there are currently huge real-world problems related to data that blockchain could be on the verge of having a significant impact on.
As medical AI, machine learning, and other data-driven tools come online, medical science is at the forefront of a revolution in new and better treatments.
These tools have great potential to save lives by helping to find cures for diseases, diagnose them earlier and more accurately, and identify new drugs and treatments.
However, the problem for researchers is ensuring ethical access to medical data in the first place and ensuring that the data are of high quality and unbiased.
Until now, medical data has been locked up in healthcare facilities, fragmented, and there was no easy or even legal way to share it.
Even more problematic is the lack of representation in most available medical data sets. This biases the results of algorithms and programs that use them.
Solutions to these problems can help leapfrog medicine light years ahead, bringing hope and an end to suffering for millions, if not billions, of people around the world.
An EU-funded start-up has just launched a system that it believes presents a solution to these pressing problems, and it uses a unique application of blockchain technology to achieve it.
Data Lake has created a global medical data donation program that allows medical data to be donated to science, just like donating blood. Their program is based on user consent and privacy, using blockchain technology to verify donor consent and ensure that data is only used with permission.
By using blockchain, they remove the need for trust and can prove a donor’s status with absolute certainty by showing it to a public distributed ledger.
They work with national non-profits to gather donor consent. The first group has already been established in Poland under the name Fundacja Podaruj Dane (“Donate Your Data Foundation” in English).
These foundations act as legal custodians of donated data and help educate the public about the importance of data donations. Podaruj Dane and his one of Poland’s top medical institutions will launch a pilot program later this year.
Understanding the key implications of the success of such a system, data lakes can go a step further by reaching out to data donors (“data heroes”), hospitals and clinics, and other stakeholders participating in citizen science. We have created a unique incentive ecosystem that rewards those who
By using the utility token $LAKE, we can encourage global participation in medical data donations via a reward system. This will provide token holders with globally redeemable discounts on healthcare and wellness products and services.
Data Lake co-founder and physician Wojciech Sierocki said:
“too often, Blockchains and tokens have been associated with financial speculation and little else. But at Data Lake, we recognize the potential of blockchain to power a revolution in medical research. This is not just a matter of choosing Web3. Because it’s a hot topic right now when it comes to removing the need for trust from systems and cross-border incentives. For example, there is no such thing as DLT. It’s a technology that really stands out. “While we have nothing against monkey artwork and meme coins, we believe blockchain is destined for much more and we are doing our part to make it happen. “
One of the most exciting things about Data Lake is that it now proves that blockchain has a purpose and can solve real-world problems such as access to medical data.
By using blockchain to power a global medical data donation system, we are decentralizing contributions to medical science while respecting the principles of individual privacy and data ownership.
Decentralization, individual rights, and even data ownership all speak to the fundamental values for which blockchain itself was founded. Granted, Data Lake isn’t the only Web3 company trying to solve real-world problems, but he’s definitely one of the most ambitious companies they’ve chosen.
If we succeed in mobilizing global medical data donation momentum, the impact on medicine will be immense.
About the data lake
Data Lake is building a global medical data donation system using $LAKE tokens based on blockchain technology.
They empower people to consent to the use of their medical data in a safe, easy, and private way, while providing large-scale data sets that revolutionize scientific and medical research.
About Fundacja Podaruj Dane
Fundacja Podaruj Dane is a Polish non-profit organization dedicated to facilitating the donation of medical data for scientific research by Polish donors.
They are pioneers in medical data donation in Europe and around the world, creating the first medical data donation manifesto signed by over 20 international patient, physician and hospital organizations.
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