Monday March 01, 2021
Bitcoin (BTC) $46,346.00   Ether (ETH) $1,450.64
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Altcoins/Investments

Nano Vision’s “Cure Chain” Is Out to Cure the World’s Major Diseases

Published by CryptoNinjas.net
04/09/2018
Nano Vision’s “Cure Chain” Is Out to Cure the World’s Major Diseases

Our healthcare system is constantly improving, but there are many diseases it still has yet to defeat. Heart disease is the number one killer in the United States, causing about 634,000 deaths per year. Cancer is not far behind it, causing about 596,000. In low-income and developing countries the majority of deaths are caused by infectious diseases such as tuberculosis or AIDS.

While treatments for conditions like cancer and AIDS exist, they’re sometimes prohibitively expensive. NPR recently reported that many American cancer patients are skipping chemotherapy drugs out of financial necessity.

There are many signs on the horizon pointing to more health dangers for our global future. England’s Chief Medical Officer has shared worries that the rise of antibiotic-resistant superbugs could lead to the “end of modern medicine.” The recent Ebola and Zika epidemics have driven home the potential toll of the next global pandemic and the pressing need to detect, contain, and cure emerging pathogens before they become out of control.

To fight existing diseases and outsmart emerging ones, the healthcare world needs as many resources for collecting data and researching cures as possible. Medical research has long suffered from systematic flaws and inefficiencies that slow the pace of healthcare breakthroughs.

One company, Nano Vision, is launching a new blockchain-based tool for speeding up healthcare innovation.

The Problem of Data Siloing

Sir Isaac Newton once declared: “If I have seen further, it is by standing upon the shoulders of giants.” This vivid statement illustrates the importance of data-sharing in scientific circles: many essential scientific breakthroughs are made by researchers building on the work that came before them.

In an ideal medical research world, data would accordingly be shared freely and openly across the globe, allowing scientists to build upon and learn from each other’s findings. An American researcher developing a new cancer medication might find out about a promising new molecule being researched in a German lab, for example, and use it to create the “missing piece” of their new drug.

That’s an ideal research environment. But the global reality is more complicated and murkier, thanks in large part to a phenomenon known as data siloing. Data siloing is when institutions who generate data, such as hospitals, universities, or pharmaceutical companies don’t make their data accessible to the wider research community. In the above example, this could mean that the American researcher would never learn about the new molecule under study in Germany. Years of delay and chasing false ends could ensue, and the new drug could never come to fruition.

The healthcare world’s data siloing struggle is reflected in statistics on drug development. Only one in ten drugs in the U.S. make it all the way from Phase I trials to final FDA approval. Bringing a drug all the way from basic research studies to FDA approval and market use takes an average of $2.6 billion dollars and over 10 years. Data siloing contributes to the massive resource needs of healthcare research by increasing the number of dead ends and duplicated results scientists spend time and money pursuing. Even more tragically, data siloing means that some crucial connections aren’t getting made, and lifesaving cures aren’t being discovered.

Data siloing is a tragedy, but it does make perverse economic sense. Generating healthcare data is expensive, which makes that data a commodity. Institutions are often reluctant to freely share data they poured so many resources into, only to see another institution use it to develop a successful, profitable, and prestige-attracting treatment. It makes more sense economically to simply hope that valuable research connections are made within data silos.

Nano Chain

Nano Vision is built on the Cure Chain, a decentralized ledger powered by blockchain. Cure Chain might just be key to developing the next big medical breakthrough.

The Cure Chain is part of Nano’s Nano Sense platform. Nano has partnered with Arm, one of the world’s leading semiconductor companies, to develop Nano Chips. These sophisticated, tiny chips can collect data in medical devices, research labs, and even patient homes. The chips constantly encode data on the Cure Chain ledger. Because the chips can encode extremely high-resolution data, the Cure Chain dataset will grow quickly.

Nano Chips will mint Nano Cure Tokens at the same time they’re minting the Cure Chain. These blockchain tokens are key to changing the dysfunctional economics of data siloing. Researchers who contributed to the Cure Chain will be rewarded with Nano Cure Tokens. The tokens can be sold on public exchanges or used by institutional researchers to access the growing Cure Chain dataset.

Nano Cure Tokens ensure that data-generating institutions receive economic rewards right at the point of generation rather than several institutional steps later. This incentivizes both institutions and ordinary citizen-scientists to participate in the Nano Vision platform, contributing to the Cure Chain dataset. The dataset experiences no interior silos, and as it grows larger and larger so does its potential for facilitating exciting connections and collaborations (aided by machine learning and AI analysis). The result of this open, collaborative data ecosystem will be a research environment in which healthcare breakthroughs and cures are developed quicker and more efficiently.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto
Networks & Protocols

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem
Networks & Protocols

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes
Bitcoin

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license
Crypto Exchanges

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum
Crypto Exchanges

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version