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IRYO.NETWORK
Redefining Global Healthcare.
Unleashing the value of medical data for the new decentralised healthcare economy.
WHITEPAPER | TOKEN SALE SUMMARY | TEAM | TELEGRAM
Redefining Global Healthcare.
Unleashing the value of medical data for the new decentralised healthcare economy.
WHITEPAPER | TOKEN SALE SUMMARY | TEAM | TELEGRAM
Iryo is creating a global network for healthcare data, based on a standardised, zero-knowledge data storage, blockchain access control framework. Iryo’s ecosystem is putting the patient in the center and in complete control of their valuable data. By adopting openEHR medical standards and being open-source, Iryo is solving the issue of interoperability in Healthcare IT from the ground up.
The use of a public blockchain will enable the network to employ a distributed access control list (preventing internal exploits that are common in centralized systems) and provide data immutability through digital fingerprinting. Iryo Tokens will add an additional layer of security (healthcare providers will need to stake a certain amount of tokens to be considered a legitimate actor) and will incentivize data sharing for research purposes.
How it works
Healthcare providers will use Iryo software in their workflows to capture patients’ data. The software will use a technology called proxy re-encryption to encrypt the patient’s health data with the patient’s private key without the patient sharing their key. The encrypted data will then be stored on the patient’s device (Iryo app), on the healthcare provider’s server/cloud and, as an encrypted backup, and stored on Iryo cloud, again as an encrypted backup,. At the same time, a digital fingerprint (hash) of that data will be created and stored on the public blockchain to ensure immutability of data.
Patients will be in complete control of their data and will be able to grant and revoke access to their data via their mobile app. The grants and revocations will be stored on the blockchain, which will remove the possibility of internal fraud that centralized systems inherently harbour.
Data will be stored in OpenEHR format, which will provide interoperability and future compatibility.
Researchers will be able to tap into this global repository of healthcare data by buying tokens and offering them as reward to users who are willing to share that data. In practice, this will look like a simple app notification on the phone asking the user whether they are willing to share a certain piece of information for the purpose of a specific study. If they reject the request, nothing leaves the patient’s device and absolutely no data is ever shared. If they share it, they get the token reward offered by the research institution.
Key characteristics
1. Iryo is fully committed to being open-source (back-end & clients).
2. Iryo is built on open standards & medical archetypes (OpenEHR) for health data formats.
3. Using a public blockchain (EOS)
4. Solid private key management & recovery solutions with ZeroPass.
5. The Iryo ICO will be on Ethereum with ERC20 while the Iryo application will use EOS based tokens. The reasons behind utilizing EOS are the low fees and fast transactions associated with their infrastructure.
Token use cases
Patients
The Iryo Token will usher in a new era for medical research. Patients will have the ability to anonymously share their medical history/results with researchers in exchange for Iryo Tokens which can then be used to pay for medical services within the network.
Iryo Research Portal
Research institutions will have access to vast quantities of highly relevant medical data at their disposal. "Analyse in Place" queries will decrease the expenses associated with acquiring large sets of medical data making AI & Big Data research more affordable, while preserving complete anonymity for the patients who share the data (preventing de-anonymisation https://en.wikipedia.org/wiki/De-anonymization).
Iryo Clinics
Iryo Tokens will enable hospitals & clinics to participate within the network. Blockchain access controls will enable healthcare providers to securely access a patient’s medical record in real-time, enabling them to treat patients in ways never before possible. They will also provide way to get emergency access to a patient's health records in case of the patient being incapacitated to grant access.
Mission
Our mission is to make healthcare sustainable by developing healthcare IT solutions worthy of the 21st century.
Vision
We want to disrupt the landscape of traditional health IT by promoting standardised health-data archetypes, redefining medical data ownership through encryption and zero-knowledge data storage and providing an order of magnitude increase in security, transparency and auditability of healthcare IT by using blockchain technologies.
Values
- Healthcare IT vendors should use vendor neutral, open and community driven data standards and formats which promote and improve global interoperability.
- We believe open source software is more secure, more agile and more trustworthy. It also promotes faster adoption and reduces vendor lock in. Healthcare IT should be open sourced.
- Personal health data is one of the most sensitive types of personal information and so every possible measure must be taken to protect it. We believe that means zero-knowledge data storage.
- The patient should be in the centre of the data distribution.
- The patient should not only legally own the data, but must also be the one who controls it.
- Granting access to that data must be done in a way that is transparent and auditable and leaves no room for “centralized fraud.”
Market potential
The global healthcare IT market size is anticipated to reach anywhere between $100 billion on the low end and $200 billion on the high end by 2020. The compounded annual growth rate of healthcare IT globally is between 7 and 13 %. The global electronic health records market alone was estimated at $23 billion in 2016 and expected to grow to almost $40 billion by 2025.
USA is currently the largest and most valuable market, but digitization of healthcare is on the rise and the Asia Pacific market is expected to be the fastest growing regional segment over the next decade. Emerging economies in this region including China and India have been experiencing strong economic growth and high demand for healthcare IT services is expected. Similar growth trajectories are expected in South America and Africa.
(Sources: http://www.prnewswire.com/news-releases/healthcare-it-market-size-to-reach-1045-billion-by-2020-grand-view-research-inc-533012831.html, http://www.businesswire.com/news/home/20151014005037/en/Healthcare-Spending-%E2%80%93-Global-Trends-Forecast-Technavio, https://www.healthcare-informatics.com/news-item/ehr/global-healthcare-it-solutions-market-worth-228-billion-2020-report-says, http://www.grandviewresearch.com/industry-analysis/electronic-health-records-ehr-market, http://www.transparencymarketresearch.com/electronic-health-records-market.html#)
Live implementation: “S.Iryo - refugee project”
The first deployment of the Iryo Network will take place across a variety of refugee camps throughout the Middle East. Iryo has partnered with a US based NGO Walk with me (https://www.walkwith-me.org/) to deploy our solution in 12 locations in 6 countries (total addressable market of 6 mio refugees).
It was a good pilot project for Iryo to prove the hypotheses around patient-centric data storage. The refugees spend between 5 and 7 years in refugee camps, while the NGOs come and go and the churn rate of doctors is very high. Having possession of their personal health records over time improves the quality and effectiveness of their treatment. Effective treatment becomes limited if the medical professionals are using outdated or incompatible software. With Iryo, the refugees will be able to hold on to their health data regardless of how many doctors come and go within those 7 years. Even more importantly, they will be able to take that data with them once they move to a more permanent location.
The token economy will enable new models of help - it will be possible to make donations with Iryo tokens for a variety of medical services that benefit refugees.
Other deployments
Iryo is discussing deals with telemedical providers which would like to use Iryo network for a structured, safe and transparent mean of exchanging data between the supply and demand side. Iryo is also in talks with some other healthcare providers and will share more information as soon as we are able to. Iryo has a contract signed around R&D of augmented reality using hololens for the purpose of accessing and presenting medical data in medically stressful environments, demanding extremely fast response (ER activity).
TokenSale details
Name: The Iryo Token
Symbol: IRYO
Hard Cap: $26.000.000 USD
Soft Cap: $8.000.000 USD
Price +/- $0.11 (slight variations depending on ETH price)
Accepted: ETH & EOS
Min. Presale Purchase: 5 ETH
Min. Crowdsale Purchase: 1 ETH
Max Purchase: 2.5% of available tokens
Country Restrictions: In the US available only to accredited investors, not available for residents of China, South Korea.
Token Distribution
10% - Team & Founders, Held by Iryo for onboarding the initial customers, other expenses.
5% - Private sale
5% - Airdrops
20% - Presale with 20% bonus
20% - Presale with 10% bonus
40% - General Crowdsale
Token Sale Dates
Whitelist Opens: TBA via our official Telegram (https://t.me/IRYOnetwork).
Presale batch 1: March 28th - April 3rd
Presale batch 2: April 4th - April 10th
General Crowdsale: April 11th - April 17th
Team
Vasja Bočko - CEO
Dominik Žnidar - CTO
Peter Kuralt - Head of Strategic Development
Tjaša Zajc - Business Development & Communications
Domen Savič - CMO
Alberto Malave - Project Manager
Andrej Mihelic - Lead UX & UI Designer
Luka Perčič - Lead Blockchain Researcher
Črt Vavroš - Blockchain Developer & Security Advisor
Nejc Škerjanc - Blockchain Developer
Advisors
Andraž Logar - Serial Entrepreneur, CEO of 3fs (Seed Investor),
Maja Zadel - Former Ceo of Primary Care center, PHD in genetic research,
Brian de Francesca - An experienced business executive with more than 20 years of healthcare experience in USA, Europe, Asia and the Middle East,
Mate Beštek - Former state secretary at the Slovenian Ministry of Health, designed the Slovenian E-Health strategy.
Lea Dias - Strategy Consultant ICT/Healthcare Robotics working as an independent consultant in Europe and Australia,
Homero Rivas - Director of Innovative Surgery at Stanford University School of Medicine, co-founder of several mHealth startups and a co-director of Stanford’s massive, open online-course on mHealth,
Dr. Moka Lantum - Serial Medtech Entrepreneur based in Kenya, nominated a Top-100 Global Thinker 2016 by Foreign Policy Magazine alongside Mark Zuckerberg & Hillary Clinton.
Tomaž Štolfa - Entrepreneur-in-Residence in Silicon Valley, specialized in designing and building software platforms as a service.
Official links
Website: https://www.iryo.network
Whitepaper: https://iryo.network/iryo_whitepaper.pdf
GitHub: https://github.com/iryonetwork
Video: https://www.youtube.com/channel/UC0bSktNMCoPPiQDDgKj8llA
Twitter: https://twitter.com/iryonetwork
LinkedIn: https://www.linkedin.com/company/iryo-io/
Facebook: https://www.facebook.com/iryonetwork/
Reddit: https://www.reddit.com/r/iryo/
Telegram discussion: https://t.me/IRYOnetwork
Telegram official announcements: https://t.me/iryo_alerts
2. Iryo is built on open standards & medical archetypes (OpenEHR) for health data formats.
3. Using a public blockchain (EOS)
4. Solid private key management & recovery solutions with ZeroPass.
5. The Iryo ICO will be on Ethereum with ERC20 while the Iryo application will use EOS based tokens. The reasons behind utilizing EOS are the low fees and fast transactions associated with their infrastructure.
I like key characteristics and this project has a lot of potential. Read the whitepaper and I like how things need to change in healthcare for the better !!
