Throughout the development of blockchain technology, blockchain start-up projects need to go through four stages: concept formation, concept verification, technical implementation and commercial landing. Only the enterprises that can adapt to the impact of new technology and convert it rapidly into commercial value can complete the integration of blockchain into traditional industry in this empowering era, then integrate it into original business and bring commercial ideas to fruition.
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The medical market is one of the world’s largest industries. The annual global health spending amounts to about a tenth of its GDP. The average cost of global health care is 9.9% of global GDP. The United States is as high as 17% of its GDP. Global health care costs are increasing year by year, with global health spending projected to rise to 14% of global GDP from 6% back in 2010.
High capacity blockchain storage is decentralized, high in security and features privacy protection, etc., makes it particularly suitable for storage and protection of important private data, and is used to store personal health data in blockchains (such as electronic medical records, genetic data, etc.) this is a rapidly developing and promising application field. At the same time, the smart contract mechanism built into the blockchain makes it more cost-effective, efficient and safe for health data, medical data and old-age data authentication, precision medicine and life memorial halls.
From this, we customized a Life Operating System (LOS, the chain of life), it is a decentralized system of medical and health services that breaks the traditional service mode for centers with medical institutions, health data based on blockchain value sharing networks, enables the acquisition of high quality medical and health resources and services worldwide.
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LOS uses Ethereum as the base of the blockchain, and combines the Fabric super ledger with the Ethereum technology to bring the the data interconnection between the public and federated chains into effect. LOS is the catalyst for the entire life health ecological system, and it will be based on the life and health of the ETH public chain ecological applications, the corresponding tokens, economic system and INK chain interaction protocol together to form a complete ecological system dedicated to life and health.
LOS built a self-control and self-growth ecological system. The patient as the only legal owner of the medical health data can upload their own medical health data authorization to LOS, the chain of life. The personal use of medical health data through the LOS smart contract also ensures the privacy of medical data. Users of medical health data (such as artificial intelligence research, pharmaceutical companies, and insurance companies) can get the required valuation data in the LOS “data market”. LOS is based on blockchain technology to solve the security issues with the use of data, and the huge amount of medical health data will be released through LOS ecology. The LOS ecological market created can be applied to personal health reports, complete supply chains, medicine, clinical trials, population health research, AI, health care Internet of Things, and for the government to provide national health data analysis and for other fields such as the health of mankind.
The LOS team has begun intensive distribution. In the future, LOS’ main efforts will go towards solving open problems relating to technology landing. After creating commercial and social value for the blockchain project, the LOS team has been exploring and innovating in the field of blockchain decentralization.
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Country: United States
Website: http://www.globalnewsonline.info/
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