Shivom: blockchain based genomic ecosystem

in #ico6 years ago

Shivom eng top.PNG

Currently the main work of medical institutions is aimed at treating the disease. Meanwhile, the world is gaining a new strength, a new trend called "Medicine 3.0". Its meaning is to much more effectively maintain health and prevent the disease before it occurs. This is beneficial to all parties: man, the state, medicine, and pharmacology.

For the successful functioning of such a system it is necessary to find a commercial model that will replace the incomes received from the treatment and sale of medicines by those that will be obtained as a result of the preservation of human health.

To such models it is possible to carry precision medicine. This is a complex of advanced diagnostics, genetics, and targeted therapy based on the decoding of the human genome.

The company Omix Ventures Private Limited also offers its solution in this direction. Their project is called Shivom, it is an ecosystem of the human genome based on the blockchain.

New technological advances in medicine and decoding of the genetic code are available only to well-off people. The Shivom project creates a global system that will allow residents of any place on the planet to make such a test. These data a person can use to treat and maintain health. The platform also offers to monetize the results of the DNA test providing them for research and development of new drugs.

Shivom creates a trading platform on which mutually beneficial and secure data exchange will be performed. On the one hand, people who have a decoded genome will participate in it, on the other hand - companies that will use this data for research, development of new drugs and methods of therapy. Third parties can be insurance medical companies, third-party application developers, and service providers, for example, genetic experts.

Anyone who signs up on the platform will be able to undergo DNA analysis or download the data stored in the database. For those who will order genome sequencing Shivom will provide the most favorable conditions. This will be possible due to the involvement of the most advanced clinics, laboratories, diagnostic centers, and research institutes.

It is intended to use two methods of data storage on the platform: the blockchain will contain the metadata of the clients, and in the encrypted specialized database the decoded genome itself. Each genetic code will be assigned its own ID which has nothing to do with the personal data of its owner. This will protect the person in case of information leakage.

Another important property that protects genetic data will be the use of encryption with public and private keys. The keys belonging to a specific genome will belong to its owner. Thanks to this approach, a person will be able to regulate or deny access to his information.

The owner of the genome will be able to provide data to interested companies for a fee, for services or for free on a charitable basis.

In turn, institutions and firms buy decoding of the DNA test to use it in their research and development. In addition, they will be able to offer services, for example, treatment in exchange for the provided genome or they can financially support those who are members of the ecosystem, but do not have the funds for treatment.

As for the technical side of the issue, the platform will be developed with open source. Using the technology of blockchain, smart-contracts, and cryptography will allow to protect personal data, track access to data, record them as transactions in a chain, create a transaction log, and automatically pay in platform tokens.

Shivom can use various blockchain-systems: Ethereum, Hyperledger Fabric, IOTA Tangle, BigChainDB (Ocean protocol).

Another interesting innovation is the platform wallet. It will provide for the possibility of accepting fiat funds and conducting conversions inside the wallet. This will greatly simplify the acquisition of tokens and the withdrawal of funds from them for all participants of the ecosystem. Thus, the need to buy tokens on crypto-exchanges is eliminated which significantly reduces the threshold of technical literacy for potential customers.

For the same purposes the platform interface will be made extremely simple and intuitive. This is important for countries with a low standard of living where computer literacy is low.

Subsequently, developers hope to implement one more activity - an innovation center. It will work on the creation of a genetic map of humanity. For these purposes the latest technological achievements including artificial intelligence will be used.

OmiX is a utility token that conforms to the ERC20 standard. It will be used for internal settlements for all types of transactions.

Customers can pay for:

  • decoding the genome;
  • medical insurance;
  • obtaining a pedigree;
  • analysis of information on the pharmacogenetic profile (which drugs and in - what doses work optimally);
  • information about a predisposition to a disease and related treatment.

Organizations will be able to pay tokens for:

  • access to the database of genetic data and analytics;
  • donor information and participation in research;
  • Secure cloud storage;
  • support of rare diseases projects;
  • involvement of volunteers for research;
  • add applications and services to the platform.

It is planned to release 990 000 000 OmiX tokens. Only 33% will be put up for public sale. The founders will get 14%, advisers - 10%, 20% will be sent to the platform for the growth of the platform, 3% will be allocated for the development of the community.

Shivom is a very interesting and promising project. It stands on the forefront connecting genetics and fintech. These symbiotic projects that can bring huge benefits to society.
Thanks to Shivom, precision medicine based on the human genome becomes a reality.

To learn more about the details of this project, as well as to participate in the purchase of platform tokens visit the official website https://shivom.io/ and read the whitepaper: https://shivom.io/files/Shivom-Executive-Summary.pdf

The official group in Telegram: https://t.me/projshivom

Also, you can find a lot of useful information on the bitcointalk forum (ANN thread): https://bitcointalk.org/index.php?topic=2365709.msg24124494#msg24124494

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