Data Lake Secures First Blockchain-Based Consents for Medical Data – Press release Bitcoin News

PRESS RELEASE. December 2, Warsaw – Poland: Data Lake collected the first consents on the blockchain for patients’ medical data to be used by researchers. The company is an EU-funded startup that seeks to solve two of the biggest problems in medical science: access to medical data and biases in data sets.

In much of the world, researchers do not have easy access to high-quality medical data. Patient privacy and donor consent are two other fundamental issues, and so far no solution guarantees these two elements.

The Data Lake system seeks to rectify this by launching a global consent-based medical data donation platform. It uses distributed ledger technology and advanced anonymization methodology to ensure that people can confidently and securely share their medical data with researchers and scientists. For researchers, this means having a legal guarantee of data provenance and the ability to know with absolute certainty that they are using data that has been provided with patient consent. During its pre-launch phase, the company has already received more than 20 letters of intent for consent-based medical data orders.

Going beyond data altruism, Data Lake launched a new Consent-to-Earn model, creating a token ecosystem that rewards all participants – including donors – and aligns the interests of all stakeholders rather than favoring the big players. This offers users the possibility to self-monetize their data, which they have always been excluded from accessing. They launch the LAKE token on December 7th.

Data Lake already collects consents in several Polish health institutions, in partnership with the Polish foundation Donate Your Data (Podaruj Dane). The foundation provides materials for patients and healthcare facilities, training for educators, and spends time in hospitals talking directly with patients about data donation, privacy, and how they can help save lives. contributing to medical research. A considerable percentage of patients are happy to share their anonymized data with researchers, and their oldest donor is over 90, proving that such a system has broad appeal.

Data Lake recently won the Ernst & Young Startup Academy award and attracted investment from a wide range of investors, including the founders of YCombinator through OrangeDAO.

Next year, Data Lake plans to expand its system across Europe, with the aim of establishing an international standard for private and secure sharing of medical data.

About Data Lake:

Data Lake is building a global medical data donation system based on blockchain technology and with a Consent-to-Earn incentive mechanism. They allow people to consent to the use of their medical data in a safe, simple and private way, while providing large datasets that are revolutionizing scientific research and medical studies. Their Consent-to-Earn model rewards those who contribute their medical data to science.

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