Comment on Blockchain And AI Researchers Propose A New Model To Return The Control Over Human Life Data To The Patients And Accelerate Biomedical Research by John

Share with:

Insilico Medicine, a Baltimore-based next-generation artificial intelligence company specializing in the application of deep learning for drug discovery announced the publication of a new peer-reviewed research paper titled ”Converging Blockchain and next-generation artificial intelligence technologies to decentralize and accelerate biomedical research and healthcare” in Oncotarget.

Insilico Medicine scientists specializing in deep learning collaborated with the scientists and developers from the Bitfury Group, the world’s leading full-service Blockchain technology company, specializes in securing the Blockchain and deploying cutting-edge hardware and software solutions to governments, institutions, and corporations. In the paper, the groups presented the first attempt to assess the value of time and the combination value of personal data in the context of an AI-mediated health data exchange on Blockchain.

“Most people do not understand what life data they have, how valuable and dangerous this data may be and do not have any control over how their life data is being used. The policy makers are trying to address this problem by introducing new regulations that make it expensive and difficult for the innovators to turn the human life data into life-saving products. In this paper we propose a Blockchain-enabled solution to help people become aware of and take control over their data and profit from licensing the data to the innovators”, said Polina Mamoshina, Sr. research scientist at Insilico Medicine.

In this research paper scientists introduce new concepts to appraise and evaluate human life data, including the combination-, time- and relationship-value of the data and present a roadmap for a Blockchain-enabled decentralized personal health data ecosystem to enable novel approaches for drug discovery, biomarker development, and preventative healthcare. A secure and transparent distributed personal data marketplace utilizing Blockchain and deep learning technologies may be able to resolve the challenges faced by the regulators and return the control over personal data including medical records back to the individuals.

“We are enthusiastic that Blockchain technology can help solve one of the major problems in modern healthcare – patient data management. We are even more excited that Insilico is building this solution on our open-source Blockchain framework, Exonum. An Exonum-based Blockchain provides security, transparency, and reliability, which will significantly improve overall efficiency and patient satisfaction as well as provide an avenue for easier auditing. We look forward to sharing our progress”, said George Givishvili,  Chief Marketing Officer of Bitfury company.

Blockchain technology enables the creation of a distributed and secure ledger of personal data, where patients are in control, own their data, and monitoring of access privileges and understanding of who looked at the data. Most importantly, Blockchain technology allows for the creation of a data-driven marketplace, where patients can earn tangible rewards for making their data available to the application development community, pharmaceutical and consumer companies, and research institutions and generating new data through regular and comprehensive tests and checkups. Presently, only a few patients worldwide have the comprehensive data sets containing their clinical history combined with the genetic, blood biochemistry and cell count profiles, lifestyle data, drug and supplement use and other data types, because they do not see the value in this data and do not get tested regularly. On the other hand, the pharmaceutical and consumer companies alike are willing to pay substantial amounts for the large numbers of personal data records required to train their AI. These funds can be used to subsidize the regular testing by the patients, uncover the new uses for the various data types and develop sophisticated diagnostic and treatment tools.

“In the post-neoclassical world, healthy productive longevity will be the new driver of economic growth. Creating an economy around human life data and returning the ownership and the control over life data back to the individual is one of the most important steps towards extending the healthy productive longevity of the global population. It is also a very altruistic cause, which may help reduce the gap between the rich and the poor and allow the people from all walks of life and geographies to equally profit from their own data”, said Alex Zhavoronkov, the founder of Insilico Medicine, Inc.

  • UC Berkeley Opens New Blockchain Lab – Steve Chen Appointed to Co-Lead Newly Formed Berkeley Blockchain Lab – December 10, 2017
  • Peter Vessenes Announces Deluge Network To Support a Safe and Direct Way to Contribute Bitcoin Directly to ICOs – December 5, 2017
  • EXMO Launches Token Sale with Blockstarter’s ICO Solution – December 5, 2017
  • AdHive, A Blockchain-Based Native Advertising Platform, Engages with WINGS DAO Platform – December 5, 2017
  • Perkins Coie Adds SEC Attorney in San Francisco with Fintech and Blockchain Experience – December 5, 2017
  • Cryptocurrency Monero Announces Breakthrough Online Shopping Initiative Featuring Top Global Artists’ Music and Merchandise – December 5, 2017
  • Bitcoin for a ‘bit’ of Caribbean paradise – December 5, 2017
  • With the Launch of SunCoin, Solar Bankers Takes On the World’s Energy Giants – December 4, 2017
  • Blockchain News Is Merging With Token Report – November 30, 2017
  • Mira launches Pre-ICO for Mira – an Easy and Convenient Way to Buy, Store and Send Cryptocurrency – November 23, 2017
  • Dash and KuvaCash Partner to Fight Inflation in Zimbabwe with Cryptocurrency – November 22, 2017
  • INS Ecosystem Partners with Ambrosus to Overhaul the Grocery Supply Chain – November 22, 2017
  • Global Debt Registry Unveils Collateral Pledge Blockchain Proof of Concept – November 22, 2017
  • Ripple Appoints Former New York State Superintendent of Financial Services Benjamin Lawsky to Its Board and Ron Will as CFO – November 22, 2017
  • Advised by the Co-Founders of YouTube and Twitch, Theta Announces a Blockchain-based Video Delivery Network – November 22, 2017
  • Modex adds top advisor from Google ahead of ICO – November 22, 2017
  • Decentralized Ad Exchange AdEx Partners with INK to Handle the World’s First Blockchain-based Ad Auction – November 22, 2017
  • Zilliqa Lowers Funding Cap Despite Heavy Demand from Investors – November 22, 2017
  • Health Startup Etheal Combines Blockchain Technology with Micro-Incentives to Build a Peer-Reviewed Global List of Health Professionals – November 22, 2017
  • Bitquence Rebrands as Ethos.io, Charting a Course to Unlock Crypto and the Future of Investment for the Masses – November 22, 2017
  • Eidoo Introduces User Friendly ICO Engine – Allowing Crypto Startups To Launch And Manage Their Own ICOs For Fundraising On The Blockchain – November 22, 2017
  • Simdaq Launches Social Platform for Democratisation and Development of Cryptocurrency Trading – November 22, 2017
  • Gameflip Shatters FLIP Pre-Sale Goals, Sets Sights on December 4, 2017 ICO – November 22, 2017
  • Golden Alliance Gold Mining Launches Token Sale – November 22, 2017
  • Genaro and Storj Labs Announce Collaboration and Product Integration – November 22, 2017
  • Metal (MTL) Now Available on the Chinese Cryptocurrency Exchange – November 22, 2017
  • Mark.space & Jaguar Land Rover Announce Cooperation – November 22, 2017
  • Exscudo – EON Testnet Was Successfully Updated – November 22, 2017
  • Valorem Foundation Launches All-new Cryptocurrency Platform – November 22, 2017
  • WAX Partners with Xsolla to Offer Its Platform to More Than 2,000 Video Games – November 22, 2017
  • Brave expands Basic Attention Token platform to YouTube – November 22, 2017
  • Narrative Launches Blockchain Based Social Network That Puts Revenue In Your Pocket, Not Mark Zuckerberg’s – November 22, 2017
  • Gladius Uses Blockchain and Spare Bandwidth to Revolutionize Cyber Security – November 22, 2017
  • Indorse Announces Partnership with App Store Cryptocurrency, AppCoins, ahead of MVP Launch – November 22, 2017
  • Secutix And The Paléo Festival Nyon Announce The Success Of Their Blockchain Pilot Project – November 22, 2017
  • ING launches major addition to blockchain technology: Zero-Knowledge Range Proof solution – November 22, 2017
  • Cofound.it Announces Teams Participating in Upcoming Live Crowdsale Event – November 22, 2017
  • PUBLIQ goes public: The blockchain and AI company that fights fake news announces the start of its Initial Token Offering – November 22, 2017
  • Blockchain for Business SophiaTX Reveals New Details of Platform; Confirms Date for Token Generation Event – November 22, 2017
  • BCShop.io Launches Partner Program – November 22, 2017
  • World’s First Social Entrepreneurship Platform Moms Avenue Challenges Etsy by Gearing Up With Blockchain – November 21, 2017
  • WAX Partners with Xsolla to Offer Its Platform to More Than 2,000 Video Games – November 20, 2017
  • Pundi X integrates NEM blockchain to Bring Cryptocurrency Payments Into Retail Stores – November 20, 2017
  • Fujitsu Develops Security Technology to Safely Connect Blockchains – November 20, 2017
  • Jibrel Network Announces a Highly Successful Pre-sale Round – November 20, 2017
  • KRAFTWERK on Blockchain – November 20, 2017
  • MintHealth: Empowering Patients to Take Control of their Health and Data via Blockchain Technology – November 20, 2017
  • IBM Completes PoC Of Blockchain-based Shared KYC With Deutsche Bank, HSBC, MUFG And Cargill, IBM Treasuries – November 20, 2017
  • LetsEnhance.io to process images on Neuromation Platform – November 20, 2017
  • Blockchain And AI Researchers Propose A New Model To Return The Control Over Human Life Data To The Patients And Accelerate Biomedical Research – November 20, 2017

View All Articles

advertisementGameflip