PRESS RELEASE. The EU-funded web3 startup Data Lake has launched the world’s first medical knowledge donation system, based mostly on Distributed Ledger Expertise and with a novel incentives mechanism that rewards individuals for his or her medical knowledge altruism known as “Consent-to-Earn” (C2E).
They just 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 lots of of consents already, and their oldest knowledge donor (or “Knowledge Hero” as they’re known 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 might be one 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 knowledge it’s troublesome for researchers and most people to place absolute religion in these new applied sciences which are so depending on knowledge. Bias within the knowledge means bias within the closing product.
Knowledge Lake has discovered the answer to this downside. The corporate has constructed a medical knowledge 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 consumer consent, and so they’re utilizing the general public blockchain to ensure transparency surrounding donor’s consents, whereas making certain private knowledge at all times stays personal and safe. The distinctive worth proposition of their system for most people, is their C2E mannequin. If profitable, it might permit individuals to self-monetize their medical knowledge 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 correct knowledge I’m satisfied we will fight virtually 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 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 shall be felt world-wide. Knowledge Lake plans to broaden their system to the remainder of Europe after which worldwide within the coming months and years, and are already in varied levels of negotiation with knowledge suppliers and knowledge receivers the world over.
About Knowledge Lake:
Knowledge Lake is constructing a worldwide medical knowledge donation system based mostly on blockchain know-how and powered by the $LAKE token. They’re empowering individuals to offer consent to the utilization of their medical knowledge in a protected, simple and personal approach, whereas offering giant 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
Contact E mail: firstname.lastname@example.org
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