Data Lake Launches Consent-to-Earn Medical Data Donation System

PRESS RELEASE. The EU-funded web3 startup Data Lake has launched the world’s first medical information donation system, primarily based on Distributed Ledger Technology and with a novel incentives mechanism that rewards folks for his or her medical information 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 Data Foundation, the startup has collected lots of of consents already, and their oldest information donor (or “Data Hero” as they’re referred to as) is of their nineties, proving the potential for large-scale adoption throughout all demographics.

The founders of Data Lake – all medical medical doctors – are satisfied that medical science is on the verge of a revolution that may very well be one of the vital leaps ahead since penicillin or vaccines had been found. The instruments of this revolution – together with Artificial Intelligence, medical algorithms, and even robotics for surgical procedure – are already starting to play an every-day position in healthcare. Without consultant, high-quality information it’s tough for researchers and most people to place absolute religion in these new applied sciences which are so depending on information. Bias within the information means bias within the remaining product.

Data Lake has discovered the answer to this downside. The firm has constructed a medical information entry layer for analysis and improvement. Just like giving blood, folks can anonymously donate their medical data to science. Their system is constructed upon the basics of knowledge privateness and person consent, and so they’re utilizing the general public blockchain to ensure transparency surrounding donor’s consents, whereas guaranteeing private information at all times stays non-public and safe. The distinctive worth proposition of their system for most people, is their C2E mannequin. If profitable, it might permit folks to self-monetize their medical information in a market price greater than €100bn per 12 months in Europe alone.

CEO of Data Lake, Wojciech Sierocki MD says:

“The Data Lake system has the potential to revolutionize medical research – with the right data I am convinced we can combat almost any disease. But with lives on the line and the chance to significantly improve the quality of life for millions, we realized that we had to go beyond relying on altruism alone to ensure global participation. That’s why we paired the noble idea of data altruism with a new Consent-to-Earn model to encourage participation. We’re convinced that what we’re building will help ethically and sustainably unlock access to this data, and fuel a 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 economic system that’s being opened up for the very first time. If they succeed of their mission to launch a worldwide medical information donation system, the implications for medical science might be felt world-wide. Data 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 phases of negotiation with information suppliers and information receivers internationally.

About Data Lake:

Data Lake is constructing a worldwide medical information donation system primarily based on blockchain expertise and powered by the $LAKE token. They’re empowering folks to provide consent to the utilization of their medical information in a protected, straightforward and personal means, whereas offering massive 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: Global Head of Public Relations

Contact Email: dinidh.obrien@data-lake.co

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