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Press release. EU-funded web3 startups data lake Launched the world’s first medical data donation system based on distributed ledger technology, and adopted a novel incentive mechanism to reward people’s medical data altruistic behavior, called “consent to earn” (C2E).
they recently launched their pilot project Patient consent was collected at multiple Polish hospitals.cooperation with poland Donate your data basethe startup has collected hundreds of consent forms, and their oldest data donors (whom they dub “Data Heroes”) are in their nineties, demonstrating the potential for mass adoption across all demographics .
Data Lake’s founders — both doctors — firmly believe that medical science is on the verge of a revolution that could be one of the most important leaps since the discovery of penicillin or a vaccine. The tools of this revolution—including artificial intelligence, medical algorithms, and even surgical robots—are already beginning to play a daily role in healthcare. Without representative, high-quality data, it will be difficult for researchers and the public to have absolute confidence in these new technologies that are so data-dependent. Bias in the data means bias in the final product.
Data Lake found a way around this problem. The company built a medical data access layer for R&D. Like donating blood, people can donate their medical records to science anonymously. Their system is built on data privacy and user consent, and they use a public blockchain to guarantee transparency of donor consent while ensuring that personal data remains private and secure at all times. The unique value proposition of their system to the public is their C2E model. If successful, it could allow people to self-monetize their medical data in a market worth more than €100 billion a year in Europe alone.
Data Lake CEO Wojciech Sierocki MD said:
“Data lake systems have the potential to revolutionize medical research—I believe that with the right data, we can beat almost any disease. But with lives at stake and the opportunity to dramatically improve the quality of life for millions of people, we realize we Relying solely on altruism must go beyond relying on altruism alone to ensure global engagement. This is why we are combining the noble idea of data altruism with a new “earn consent” model to encourage engagement. We believe that what we are building will help Unlock access to this data in an ethical and sustainable way, and drive a new wave of medical and scientific progress!”
From the donors themselves to the hospitals and consent collectors, everyone shares in the rewards of the new data economy opening up for the first time. If they succeed in their mission to launch a global medical data donation system, the impact on medical science will be felt around the world. Data Lake plans to expand their system to the rest of Europe and then globally in the coming months and years, and is already in various stages of negotiations with data providers and data recipients around the world.
About the data lake:
Data Lake is building a global medical data donation system based on blockchain technology and powered by the $LAKE token. They enable people to consent to the use of their medical data in a secure, simple and private manner, while delivering large data sets that can revolutionize scientific research and medical research. Their Consent-to-Earn model rewards those who contribute medical data to science.
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Press contact: Denid O’Brien
Contact title: Head of Global Public Relations
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