Longenesis LifePound ICO: Private Medical Record Data Market?
Longenesis, found online at Longenesis.com, aims to improve human performance and lifespan. Find out how they plan to do that today in our review.
What Is Longenesis?
Longenesis is a combination of “longevity” and “genesis”. The goal of the company, according to the official website, is “to improve human performance, extend life, prevent disease and make all people wealthier.”
To accomplish those ambitious goals, Longenesis will develop a decentralized ecosystem where patients can sell data over the blockchain. Researchers can then pay for this data and use it to develop artificial intelligence-based prediction models and other systems to improve medical technology.
The marketplace is fueled by a digital currency called the LifePound crypto token.
Longenesis was created by Insilico Medicine, a Baltimore-based company founded in 2014 with the goal of advancing AI for the medical industry, and Bitfury, the bitcoin mining giant founded in 2011. Bitfury and Insilico Medicine founded Longenesis as a partnership.
Let’s take a closer look at how Longenesis aims to extend human life.
How Longenesis Private Medical Record Data Market Works
Bitfury and Insilico Medicine aim to use blockchain technology create a decentralized ecosystem that solves two core problems of humankind:
- Ownership of personal data
Longenesis will solve these problems using AI, a digital currency, and the blockchain. The first prototype for the decentralized Longenesis marketplace was developed in August 2017 (the company itself was formed in January 2017).
In addition to a decentralized marketplace, Longenesis plans to offer a “Data Economics Research Institute” that will help researchers make use of all data available on the platform.
The ecosystem revolves around the use of the LifePound token. LifePound is used as a monetary system within the Longenesis ecosystem. The digital currency is powered by the Exonum Blockchain, making all currency transactions secure and transparent.
Tokens are distributed between Longenesis marketplace members. These members will use LifePound tokens for all interactions. They can be used for transactions between developers, users, data providers, customers, cryptocurrency traders, and other members.
Here’s the basic process each member will use to interact with the platform:
- Users: Users will provide data, using the Longenesis platform as storage or to access health improvement services and apps.
- Providers: Providers are organizations who provide data and feed the system while using the Longenesis platform for storage.
- Customers: Customers include healthcare businesses, medical research companies, and pharmaceutical companies who want to purchase medical data from customers on the Longenesis ecosystem.
- Developers: Developers buy data from Longenesis to create special plug and play services on the platform, including decentralized apps for health, sports, dating, fun, dieting, etc.
Longenesis Features And Benefits
Longenesis aims to create a platform that delivers the future of medicine and data analytics through AI and blockchain technologies. Some of the specific features and benefits include:
Anyone Can Generate Income:
Patients can sell data on Longenesis to generate income. Just by submitting information and regularly contributing data to Longenesis, users can generate currency. This is on top of the traditional mining of blocks designed to create healthy circulation of Longenesis. Longenesis sees itself as an easy way for anyone in the world to earn a universal basic income.
Securely Store Data:
Longenesis uses smart contracts to securely store data between buyers and sellers during the transaction. Buyers can send data requests to sellers without having to go through a human intermediary. It’s a decentralized transaction process similar to how transactions work on any decentralized exchange.
Direct Interaction Without Third Parties:
The entire Longenesis ecosystem is built on blockchain technology, allowing users to enjoy privacy and security without trusting a third party.
Gain Valuable Health Insights: Users can track and store their medical data to gain insight into their health like never before.
The Longenesis data marketplace will be able to provide new insights into healthcare research and development, helping pharmaceutical companies develop new drugs and helping medical researchers advance new areas of the industry.
Longenesis LifePound ICO Details
The Longenesis ICO has not yet been announced. However, the company will sell its LifePound tokens during an upcoming ICO It’s unclear when that ICO will take place. A portion of LifePound tokens will be available through the ICO, with remaining tokens available through mining.
To stay up to date on the latest news from the Longenesis ICO, visit online today at Longenesis.com.
Who’s Behind Longenesis?
Longenesis is a joint endeavor between Bitfury and Insilico Medicine. The two companies came together to form a blue chip AI and blockchain company.
Insilico Medicine is a Baltimore, USA-based company founded in 2014. The company is a world leader in implementing AI technology into the medical industry. They were chosen as one of NVIDIA’s Top 5 AI Companies for Social Impact in 2017. They were also picked as one of the Top Global 100 AI companies in 2018 by CB Insights.
Bitfury, meanwhile, was founded in 2011. Today, it’s the second largest bitcoin miner in the world and a leading provider of blockchain infrastructure.
The two companies formed Longenesis in Hong Kong, announcing the collaboration in January 2017. Other development offices are planned worldwide. Longenesis aims to employ 30 scientists and business development professionals around the world.
Longenesis aims to develop a revolutionary blockchain-based life data marketplace platform providing modular toolsets combined with integrated advanced artificial intelligence systems. The goal is to store, manage, and trade “life data” – including patient health data and other information.
Longenesis doesn’t just want to advance medical research: they aim to create an ecosystem where users can earn a good universal basic income. Of course, the data created through Longenesis can also increase longevity.
To learn more about Longenesis and how it works, visit online today at Longenesis.com.