In a human life lots of medical data is collected. It’s stored in a variety of different and limited communication systems. BurstIQ wants to change that way of working and introduces a blockchain in which patient data is stored. By using that blockchain she then develops all kinds of services that, according to BurstIQ, should make us healthier.
What is it?
At her website BurstIQ directly hints on the concept of singularity: the rapid growth of artificial intelligence. BurstIQ wants to apply that IA via a blockchain to medical data. According to the company, the amount of medical data increases at high speed. In 2013, the medical world had only saved 153 extrabytes to data. It is expected that by 2020 this will be 2,314 extrabytes. That’s gigantic, but at the same time, for patients most of that data is unavailable and poorly transferable. BurstIQ wants to develop a platform that makes using medical data a lot easier.
BurstIQ serves two target groups. The first target group is the patients. Through the platform, they are provided with data from healthcare providers connected to the platform. But they can also add medical information to the platform by connecting, for example, fitness trackers. Through the HealthWallet™, patients can access their data and share this with their healthcare providers. In addition, BurstIQ develops all kinds of healthcare programs that make you healthier, by using your own medical data. For example, BurstIQ develops the opportunity to receive personal health plans.
The other target groups are healthcare providers and companies who need medical data for being able to do their work. Think of pharmaceutical companies who are researching new medicines, doctors who want insight into the data to provide better care, or to gyms to better understand your physical condition and offer a tailored program.
Patients decide who can use their data and whether or not they want to receive compensation. The blockchain is a decentralized and transparent technique. Of course, in it’s original form this is not usable for medical data. Therefore, BurstIQ devotes a lot of attention to safety in its Whitepaper. Data cloaking, sharding and encryption must keep medical data secret.
It seems that BurstIQ will focus primarily on countries where the use of medical data is more openly regulated, such as the United States. The intention is to open up the platform technically so that various developers can build applications that add more value to the platform.
What can you do with the token?
BurstIQ launches the BurstIQ Token. These BIQ tokens give access to the platform and services that are being developed. Patients sharing their data, will be paid out in this currency.
What does the roadmap look like?
BurstIQ has been working on this concept for a while and built a first trial version of their Secure Data Grid in 2015. Currently, the first minimal version of the BurstChain, the blockchain containing the data, has been developed. After the ICO, the platform must be introduced as soon as possible. By 2018, the marketplace for data will be launched and followed by the more extensive version of the BurstChain.
Why an ICO?
The development of BurstIQ costs money and funds are currently insufficiently available. The ICO needs to help the platform grow further.
What does the crowdsale look like?
|Amount of coins issued||1.000.000.000|
|Coins at sale||700.000.000|
|Price||1 BiQ costs $0,12|
|Bonus||Yes. There is a descending schedule. In week 1 you’ll receive 20% extra tokens, descending to 5% in the last week.|
|Data||The token sale starts at the end of August and will take four weeks.|
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