Jack Liu, the founder and CEO of ALLIVE, recently attended the Demo China Autumn Summit 2018, China’s most popular start-up and high-tech networking convention. Attended by thousands of investors, media groups, and startup companies, the event showcases promising high-tech projects and services. In line with the theme of the event, Liu delivered a keynote speech on the future of blockchain in healthcare and discussed how ALLIVE aims to play a central role in the intelligent provision of healthcare.
In addition, ALLIVE also recently partnered with Ontology, a high-performance public blockchain project that facilitates inter-business collaboration and data sharing. This partnership was announced in August, and it is a key component in ALLIVE’s vision of enabling different players in the healthcare space own and manage their data regardless of the form or the source, even if it is from healthcare service providers, wearable devices, medical R&D institutions, medical financial services, or medical support groups.
So, what is ALLIVE?
ALLIVE is a blockchain-based healthcare project that runs on the blockchain. ALLIVE aims to create decentralized, collaborative, and secure healthcare applications for the healthcare industry and will deliver comprehensive and personalized healthcare to its users. In the words of Liu:
“ALLIVE is an intelligent healthcare ecosystem based on blockchain technology. It is comprised of Olife, which builds a self-perfecting profile of an individual’s health data, Olivia, which acts as an artificial intelligent general doctor, and Oleaf, which creates a comprehensive healthcare service system for its users.”
What problems will it address?
In explaining the mission of ALLIVE, Liu elaborately explains using a few verifiable facts. First, the healthcare industry suffers from a wide range of problems: there is high demand for health services, but quality medical help is often concentrated in the hands of a few big players. High patient turnovers and incomplete patient histories lead to lower-quality health results for the general population.
An additional problem lies in the sharing of data across different players in the healthcare market. In the words of Liu:
“The closed-loop of comprehensive healthcare is a huge waste of information if we fail to collect valuable healthcare data and provide services to patients and doctors. The purpose of ALLIVE is to provide equitable, shareable, visible, and transparent information services to patients, doctors, and hospitals.”
What makes ALLIVE unique is that the sharing of this data on the blockchain-powered platform is that all data and systems will be encrypted, and they will help to break down the data silos that exist in centralized healthcare systems today. They will also help hospitals and healthcare providers use an evidence-based approach to healthcare, rather than a reactionary-based approach to diagnosis and care. Furthermore, Olivia, because it is an automated AI system, can drive the marginal cost of patient diagnoses to virtually zero while at the same time saving countless man-hours spent looking for medical causes and other patient problems.
As Liu clarifies: “ALLIVE can answer questions like, what kind of illness do I have, what is the quality of life for patients with the same illness that I have, and which doctor/ hospital should I go to? ALLIVE can answer these basic patient questions and can even offer insights into options, outcomes, different procedures, and more.”
The wider healthcare market
ALLIVE is not the only project that has realized the wealth of benefits of leveraging healthcare data to provide better tools and options to patients and their families. Marie Wieck, the general manager of IBM Blockchain, was quoted as saying “We (agree) that data is the next natural resource, and like a natural resource, it has to be mined responsibly in the same way. Blockchain, combined with the notion of rights to individual data, facilitates the distributed sharing of that information securely and at scale.” The power of patient data needs to be harnessed but in a secure and responsible way, and anyone who is able to do this will unlock vast potential for the wider health community.
Similar projects can be seen in other corners of the world as well. For example, Patient First is a blockchain collaboration underway in Australia and New Zealand. It aims to revamp the ailing New Zealand and Australian healthcare systems by investing significant time and effort into healthcare research to understand what the needs and demands are of patients and the health industry. The project uses blockchain tech and combines it with digital identity, IoT, and data science tools to connect healthcare providers, caregivers, clinicians, specialists, and ultimately patients in one comprehensive health ecosystem.