[Hilarium ICO Talk] How Hilarium Sees Blockchain Application in the Healthcare Market

Hello Everyone. This is Hilarium Blockchain Institute— Journey for Wellness and Contribution to Mankind.

At present, there are some difficulties using healthcare data as Big Data for the development of related businesses because it is fragmented and is monopolized by certain medical institutions.

It’s not easy for individuals to access data regarding various medical and health inspection information and to get professional interpretation from them.

The reality is that valuable data from diverse exercise, nutrition, foods, which reflect the changes in the preventative healthcare market, do not usually get collected and become fragmented.

With the paradigm shift in healthcare due to greater interest in health, data collection and utilization are becoming very important parts of the industry.

With the expectation of continual growth in Smart Healthcare, various companies are entering the market with their own market entry plans. 
Medical equipment companies, pharmaceutical companies, medical institutions, wearable device companies, mobile OS companies and telecom companies are not only competing, but also cooperating with one another to strengthen their strengths and complement weaknesses.

Standardization of Data Provision System Using Blockchain Technology

In order to solve the health information data collection issue, a cloud system-based API, which can be linked with existing data collection system, should be developed and distributed. 
It systematically collects universal health information data by recording all data generated from life cycle, including existing medical information data and healthcare information data collected from individuals’ smart devices, in a standardized manner.

Furthermore, we will disclose the specifications of health information data and make everyone to be able to contribute, so that the data won’t be monopolized by a specific company or organization and used as a tool of business. 
This is also the reason we need to implement public blockchain, which can be used as an open data sharing system.

Rewards System for Data Provision

An environment, in which transactions between data producers and consumers can be made, should be created by constructing a blockchain-based health information market. 
Health information market does not have ownership of the data; it merely provides the environment for trading. 
Health information data becomes a commodity, and the value of it is determined by the participation of data producers and consumers.

Exercises based on tests and prescriptions not only maximize the health improvement effects, but also provide appropriate rewards via Hilarium Coin. 
Such rewards system gives incentives to health information provision. 
This will contribute to many Hilarium market participants’ data collection, and will later be a great source for fostering and activating health-related industries that are not owned by medical institutions or health information companies.