LONDON, United kingdom / ACCESSWIRE / August 26, 2021 / Shivom rebrands as the HLTH.network to become the foundation layer protocol for international well being details and develop its solution line.
Launched by renowned researchers these types of as Harvard Professor George Church, Shivom, a task that developed the world’s initially blockchain-driven genomics market, introduced currently that it would rebrand as the HLTH.network (pronounced the “Overall health” Community). This rebranding shift is just the start of a new era in the world precision medicine marketplace, as the HLTH.network is set to launch an all-new and inclusive ecosystem about their existing solutions to build the world’s first base layer protocol for global healthcare info.
Though productively building the technological framework to make a fairer, extra effective, and tokenized health care a truth, the Shivom team identified that ordinarily not only sharing genetic info is insufficient, but the complete electronic wellness marketplace had inefficiencies. These troubles ranged from siloed information, information vulnerabilities, and lacking interoperability, to excluding the individuals from most processes.
The world-wide health care marketplace is worthy of above $10T and the knowledge field is estimated to be around $4T. However, there are lots of problems in the health care info field. Knowledge is typically misused or bought without the need of consent. Simply because of the individualistic character of countries and businesses, it is hard to transfer and share info concerning diverse entities. Facts is stored and used in quite a few strategies, producing interoperability unattainable. Information and facts becomes fragmented and caught. If the facts does regulate to cross the border, it can be really hard to verify its authenticity.
“Our health care devices are damaged. The Covid-19 pandemic has exposed a world wide program that is structurally incapable of working with advanced challenges, leaving a lot of individuals behind,” claimed Dr. Axel Schumacher, co-founder, and CEO of the HLTH.community. “Incorporating the ‘Network’ in our identify demonstrates our ambitions and values. Although we developed the technological ‘nucleus’ of a larger wellness infrastructure that supports information sharing and professional medical expert services in all their sorts, fixing our healthcare units is a put together effort and hard work that wants the participation of innovators, patients, and business people from all close to the planet. The name HLTH Network more evidently demonstrates this.”
HLTH.network is growing. Immediately after 3 years of investigation, building, and innovating genetic facts sharing and consent management approaches, the group is now offering a lot of revolutionary genomic and health care-oriented marketplaces. These array from data analytics, e-commerce, AI approaches, and precision medication, to genome non-fungible tokens (NFTs). The new alternatives will integrate into the present-day genomic investigation pipeline that Shivom (now HLTH.community) at present presents.
The rebrand also will come with the announcement of ‘Phase II’ of making a worldwide tokenized health care ecosystem, where the HLTH.network is broadening its scope further than genomic information. New additions to the ecosystem are especially made not just to enhance and backward combine the current answers, but also to deal with the complete $10 trillion healthcare vertical.
In the end, the HLTH.network’s goal is to empower the personal. By setting up a global health database to defend sufferers and their facts, the network facilitates open up and quick information transfer across borders and jurisdictions. The blockchain is an integral portion of this endeavor, and the HLTH.networks aims at bringing all blockchain initiatives and health care tokens less than one umbrella. Performing so avoids redundancies and fragmentation of the electronic healthcare industry, permits individuals and organizations to tokenize health care, and would make it more cost-effective, more quickly, fairer, and much more economical.
The Shivom crew has realized, mirrored, and redefined how a blockchain alternative to world-wide health care must be designed. It truly is identified as the HLTH.network, and it is here to continue to be, redefining the overall health data overall economy and precision medication.
About The HLTH.network
HLTH.network will be the world’s 1st base layer protocol together with aggregating all wellbeing data into 1 environment repository to enhance accessibility, usability, interoperability, and medical exploration on a global scale. Integrating this repository with the blockchain presents users sovereign ownership about their details and will increase transaction performance. The blockchain is transparent, secure, and capabilities throughout jurisdictions, building a a lot more fair facts-sharing surroundings. The HLTH ecosystem involves info analytics and AI as properly as e-commerce and genome NFTs.
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Resource: HLTH Community
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