Over the last few years, two revolutionary technologies – genomics and blockchain, have reached the potential to improve global healthcare significantly.
Shivom believes that blockchain represents the technology that may have the supreme impact on the future of healthcare. So, the company decided to bring both technologies together, by creating a medical genomics ecosystem on the blockchain.
The ecosystem will be able to offer an open web-marketplace for other providers to add their apps and services, alongside genomic data analytics and personalized medicine.
Genomic medicine could help improve understanding and treat 7,000 rare diseases.
Voted by token ICOs as a promising project, Shivom will have the support and will receive ICOBox tools, through the ICOs platform of the company.
Gourish Singla, Chief Operating Officer of Shivom, declared, during an interview:
“When we entrust our DNA for a laboratory to perform genetic examinations, it often happens that it resells our personal data to other companies, research institutes and voluntary organizations. Shivom defends the right of individuals to manage their personal data, with the possibility of reselling it to companies, but only if they wish.”
He went on and said:
”Every user will have full control over who can access their genomic data. In addition, in order to obtain additional information necessary for the study of specific diseases, our company plans to recruit patients by offering free examinations.”
The advantages of blockchain technology
In order to reach its goal, Shivom will use the blockchain technology, which will help them to create a genuine ecosystem and propose what could represent the most extensive database of DNA sequences.
Given that, landed in wrong hands, all the sensitive data that we store in our genetic code could be compromised; Shivom database will use technologies such as cryptography to ensure confidentiality, secure and transparent data, while blockchain technology will ensure their integrity – with data which will be stored in a decentralized manner.
Thanks to blockchain technology, Shivom will be able to protect users’ data against hacking, and thus enjoy a much safer security system than systems based on “traditional” databases.
According to the white paper, by using smart contracts, people from all over the world will be able to use Shivom’s platform efficiently to:
- Store and easily access all of their genome data in one place;
- Control who can access the data in a fine-grained matter;
- Manage how researchers, their physicians or family members can use the data;
- Find health and lifestyle information;
- Identify and remove potential health roadblocks before they get serious.