The global healthcare system is a massive, complex, and expensive industry. In 2018, the need to pursue more innovative and cost-effective ways to deliver patient-centred and technology-enabled “smart” health care is becoming ever more important.
For example, healthcare records for patients is highly sensitive personal information. No one wants to share that kind of personal information with others outside their closest friends and family members, which is why in the age of social media the security of these records is more important than it ever has been.
This brings to question another issue, the distribution and sharing of healthcare records and medical data for research purposes. The requirement for large datasets by artificial intelligence researchers is becoming more and more important as big data is required to develop algorithms which will work towards detecting early-stage diseases, and to develop new treatments.
The need to drive towards smarter, more secure, more transparent and technologically advanced healthcare systems is clearly needed. This is where Iryo (pronounced eer-ioh) comes into the picture.
The future of Distributed Healthcare
”Iryo is the first health record project which challenges this perception by tapping into the benefits of health care data by ensuring data privacy
Iryo is bringing the next generation of smart healthcare by implementing the first participatory, blockchain powered healthcare network built on the foundations of decentralised access.
By removing the silos that plague the current healthcare industry, Iryo is building a network on openEHR (Electronic Health Records) archetypes to help drive the next generation of medical A.I and big data research.
By using openEHY frameworks to build the Iryo network, medical institutions and domain experts will have consistency and accuracy with health care data, leading on to global interoperability and increasing the value of health care data.
Further, the Iryo network will be using Zero-Knowledge Protocols by having the medical data stored on patient devices, and backed up on two geographically and managerially redundant storage nodes. This not only gives patients total control and ownership of their own health records, but ensures sensitive data remains safe and secure against even the most severe cybersecurity breaches.
Iryo is an open source project that has been built on the EOS blockchain. EOS has been built from the ground up to be a blockchain protocol that will be highly efficient, scalable and lightning fast, placing Iryo in a strong position to use this blockchain for sharing the large data sets of medical data it requires.
EOS being a public blockchain, allows Iryo to use it so patients can share their medical history with hospitals, specialists and researchers all over the world. Further, time limits can be set on data access, Iryo tokens can be acquired by sharing data, as well as paying for services and accessing various health apps within the Iryo Network.
Iryo has also been built with developers in mind, with the application being written in Googles own programming language, Golang (Go, for short). Additional open source development features include an Apache License, Swagger and the source code stored on Github.
The token associated with the Iryo network is called ‘IRYO’, and is an ERC-20 based Ethereum token, which has been used for the ICO crowd sourcing mechanism. The token is designed as a gateway cryptocurrency that enables patients, research institutions and clinics to be a participant in Iryo’s healthcare network.
The token itself will serve as a utility token, intertwining with the EOS blockchain in the following ways;
- Institutions will have to provide a stake of $10,000 worth of IRYO tokens for their accounts to serve as spam protection from ‘fake’ institutions.
- Clinics will be required to stake tokens to cover the cost of EHR data storage for their patients.
- Researchers will require tokens to distribute to end users who allow anonymized data queries for their health records
- Hospitals can lock $1,000 worth of tokens in smart contracts to give patients time locked access based on emergency requirements
- Clinics who adopt Iryo will have the option to be paid with Iryo tokens instead of credit cards
Token Sale Details
|Sale duration||Presale 1 – March 28th to April 3rd |
Presale 2 – April 4th to April 10th
Crowdsale – April 11th to April 17th
|Token type||ERC-20 Ethereum Based Token – ticker symbol IRYO|
|Token economics|| |
|Token Sale Caps||Softcap – $8M USD |
Hardcap – $26M USD
|ICO token price||+ / – $0.11 USD (based on exchanged rate of 1 ETH = $843.05 USD)|
|Total tokens||300,000,000 IRYO|
|Token Distribution||60,000,000 (20%) Presale 1 |
60,000,000 (20%) Presale 2
120,000,0000 (40%) General Crowd sale
15,000,000 (5%) Airdrops
15,000,000 (5%) Private Sale
30,000,000 (10%) Team + Iryo
|Use of Company Proceeds||Unknown|
|Know Your Customer checks?||Yes|
|Restricted countries||South Korea, China, United States (Accredited Investors Allowed)|
|Min/Max contribution||Min 5 ETH pre-sale, 1 ETH crowdsale – Max 2.5% of Hardcap|
|Contributions accepted in||ETH, EOS|
Iryo is taking an ambitious and bold step forward by attempting to improve existing healthcare practices by providing an innovative ‘smart’ solution to healthcare data.
Having recently partnered with ‘Walk With Me’, Iryo will be providing the IT infrastructure for refugee camps located throughout the Beqaa Valley in Lebanon, with Syria, Jordan, Iraq, Egypt and Djibouti following soon after. Iryos aim in this partnership is to enable refugees to store their health data on their mobile devices, enabling the medical history of each refugee to be securely stored with them wherever they go.
This partnership demonstrates Iyro’s commitment to see positive change in the existing healthcare system, while showing their commitment to building a real-world product with real world solutions.
- Cooper Ph.D., T. and Allen, S. (2018). 2018 Global health care outlook. 1st ed. [ebook] Deloitte. Available at: https://www2.deloitte.com/global/en/pages/life-sciences-and-healthcare/articles/global-health-care-sector-outlook.html [Accessed 4 Mar. 2018]. ↑
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