The Berkeley Blockchain Xcelerator, an incubator program for DLT (distributed ledger technology) startups run out of UC Berkeley, has embraced Snark Health into its spring cohort.
Snark Health attempts to battle COVID-19 by “developing a framework for data-driven discussions and shared learnings” to allow the “rapid distribution of data to enhance patient outcomes.”
Health startup combat coronavirus joins UC Berkeley blockchain incubator
Snarks platform intends to promote the sharing of best practices and data about the coronavirus pandemic within individuals, non-governmental organizations, and government agencies at local, state, and national levels. Snark’s website says, “There remain many unanswered questions in regards to the clinical, operational, and financial aspects of the COVID-19 pandemic. Through the process of answering these critical questions, we are building a new framework while simultaneously laying the foundation for global triage support, improved access to health care services, and clinical research.”
‘Hippocratic Coin’ monetizes medical data for healthcare workers and patients
Snark is recently in rolling out an Unstructured Supplementary Service Data system for distribution information to communities that do not have an introduction to a smartphone or the internet.
The startup intends to create a “Virtual Health Community” and a distributed framework for clinical research.
Snark’s website also drafts plans for the expansion of a cryptocurrency that will enable doctors and patients to receive money via participating in Snark’s data monetization program, named ‘Hippocratic Coin.’
Blockchain companies utilized to build open databases concerning COVID-19
The coronavirus pandemic has emphasized many applications for blockchain technology, including the advantages of transparent data repositories.
The blockchain platform, Algorand, launched a global survey to notify an open database documenting the pandemic’s spread, on March 27. Both sick and healthy individuals are inspired to participate in the survey. Respondents are asked to renew their responses over time, and their symptoms or condition change. Each participant must reply from a single IP address.
In China, blockchain has been deployed to record medical records and medical supplies and to build a transparent public database for tracing charitable donations.
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