Web3 Health Data Exchange Partnership Announced by SIMBA Chain and Equideum Health
Author:- – Equideum Health, formerly ConsenSys Health and Web3, have joined forces with SIMBA Chain to develop a new alliance for the global health data exchange and life sciences sector. By establishing a decentralized marketplace called the Equideum Exchange and enabling people to monetize their health and health-related data, the cooperation seeks to greatly enhance global healthcare.
SIMBA Chain’s state-of-the-art blockchain solution, SIMBA Blocks, will substantially speed up the absorption of healthcare and life sciences supply chain data into the future Web3 data economy driven by Equideum Exchange and cross-blockchain interoperability. The existing partners of Equideum Health, Nokia, Nokia Bell Labs, Microsoft, Intel, and ConsenSys, will collaborate on the creation of Equideum Exchange, which is anticipated to be completed by Q1 2023. Users of the Equideum Exchange, such as pharmaceutical and medical technology companies, as well as public and international health authorities, will have access to data and results of analytical computing that protect privacy for use in clinical, population health, health economics, patient-centered outcomes research, and machine learning. These users will have access to high-integrity, longitudinal data sources that are now inaccessible, with specific, enforceable consent from each data subject, as well as their financial participation.
- – Equideum Health can easily and affordably accomplish cross-blockchain protocol interoperability in health data applications because of the incorporation of SIMBA Blocks. Users also have specific conditions for the use of their data, such as time limits or purposes, provided through smart contracts and Equideum Health’s enterprise-focused consumer-centric data policy verification and enforcement tools. All provided user data remains fully decentralized and anonymous unless a user expressly agrees to be identified. Additionally, there is a setting option.
The Health Data Platform is a component of Equideum Health’s Health 3.0 paradigm, often known as “Property Health,” which is an expansion of the Web3 idea of literacy. Vision envisions the usage of sensitive healthcare personalized to the data subject using personally identifiable health and medical information that is also directly managed and monetized by the data subject. As a result, people can make money off of transactions containing data about them while also curating data of far higher quality and supported by verifiable proof for use in science and global health.
About SIMBA Chain
The development of blockchain applications has been made simpler by SIMBA Chain (short for Simple Blockchain Applications), which makes the technology available to everyone regardless of blockchain expertise. With its drag-and-drop smart contract development feature, the platform is made to be simply adopted by any developer. It instantly builds APIs supporting both public and private blockchains. SIMBA Chain, developed at the University of Notre Dame, enables users to create blockchain applications without investing a significant amount of time and money in hiring consultants or technical staff. Anyone can easily design Web 3.0 applications using the cloud-based platform provided by SIMBA Chain, including developers, businesses, and universities.
About Equideum Health
A Microsoft and ConsenSys partner and ConsenSys Mesh portfolio company, Equideum Health (previously ConsenSys Health), develops Data Integrity and Learning Networks, Web3 person-centered health and research networks (DILNs). DILNs have decentralized data liquidity in corporate and personal data silos, self-sovereign identification, fine-grained verifiable permissions, and sophisticated privacy protection. The company’s Augmented ComputeTM technology, which uses decentralized artificial intelligence (AI), tokenization, and secret computing, is implemented in DLNs. By affecting access, equity, quality, personalization, engagement, and empowerment, Equideum Health’s DILNs emphasize populations with particularly complex healthcare requirements to improve population health and clinical results.