In this post we will look at some of the themes that emerged from an analysis of the biomedical blockchain database. First some quick stats:

  • 40% had a public code base
  • 20% had demos or working products
  • 40% had technical white papers
  • Only about 9% of all initiatives had all three (public code base, demo/product, technical white paper)

Funding Method

A significant majority of the initiatives utilized Initial Coin Offerrings as their source of funding. It is interesting to note that many of the listed initiatives did not make their source of funding public. This could be due to the rapidly changing landscape of regulations surrounding ICOs as a method of fundraising.

Waffle chart of project counts by funding type

Project focus

By breaking down the number of initiatives in each category into sources of funding, we see that certain categories tended to be funded more via ICOs. Professional investment is highest in the more well established category of Payments, Claims and Services, and least common in the emerging digital medicine market.

Project counts by category

Geographical Regions

Separating the projects by region, we see that a majority of projects are based out of North America. The country with the most initiatives was the United States, which accounted for about 43% of all projects. This appears to coincide with a similiar trend in 2016 by Outlier Ventures, where 39.8% of blockchain startups were found to be based out of the United States.

With some of the largest mining companies and with China leading the world in blockchain patent applications, it was surprising to find that the Asia and Pacific region to have so few projects.

The regional classifications were obtained from the International Telecommunications Union, where CIS was categorized as Europe for readability.

Project counts by region

Deadpool

A larger than expected number of projects became inactive during the course of the 2 months in which we assembled the database. About 7% of the total, have disappeared without explanation. Another 5% removed most, if not all, mention of their use of blockchain or ICO. Additionally, there are two initiatives that are still active but who’s demos have been removed or are no longer publicly accessible. To date, 7 initiatives have been removed from the database and there are 92 currently active.


Noteworthy Projects

There were several projects stood out in their respective categories, because of the maturity of product/demo development, notable founding teams or sophistication of their technical documentation.

Patient Data Management

Iryo: Health record storage platform, with an anonymous query interface. Controls for patient record access and tokens to incentivize consent enabling artificial intelligence (AI) research.

Youbase: Enables patients to create and maintain a personal data store on a distributed public network


Payments, claims, & other services

PokitDok: Provides platform-as-a-service to enable healthcare organizations to develop new healthcare applications and services.

  • Notes: An established multi-million dollar healthcare API company that has teamed with Intel to offer a healthcare blockchain solution called ‘Dokchain’.

Bitmark: A universal system for digital property rights.

  • Notes: While they are not solely focused on healthcare, they have working demos on iOS and a web app, and are running a health-related study with UCBerkeley.

Digital medicine

Medcredits: Telemedicine on the blockchain, powered by a public decentralized registry of physicians.


Marketplace

LunaDNA: Luna is a community owned database that rewards individuals Luna Coins for contributing their DNA and other medical information.

  • Notes: Strong executive team, many of whom were former executives from Illumina- one of the leading DNA sequencing companies in the world. Featured on CNBC

Nebula Genomics: Peer-to-peer network for buying and selling genomic data.

  • Notes: With George Church as a cofounder, Nebula Genomics has a strong expertise in genetics.

Datum: Marketplace for social and IoT data.

  • Notes: While they are not solely focused on healthcare, they have an app on the Google Play store and a web app for iOS.

Interoperability

BurstIQ: Personalized data integration across EHR , wearables and social profile.

CoralHealth: Aligning the interests of different players in the healthcare ecosystem


Research and Clinical Trials

doc.ai: A mobile app for aquiring and exploring -OMICS data

CureCoin: A protein folding simulation Distributed Computing Network.

  • Notes: Unique project in which the Curecoin cryptocurrency is used to incentivize people to fold proteins and conduct more research for various diseases.