[ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚

[BurstIQ]

Good Evening!

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[BurstIQcorpdev]

At what point does BurstIQ begin to work with Government bodies and other similar organizations in regards to birth certificates and other pertinent health information? It seems everyday information comes out about leaked private data(PHI/PII) that Gov't. bodies collect and administrate. If this type of platform becomes standard, I can even see a day where health clinics and donation centers(plasma centers, etc) are required in some way to use or be partnered with a platform such as this. That would greatly increase the user base and the overall platform.

We are already working with health information exchanges (HIEs) and other government-funded initiatives to make data more accessible. The platform is capable of supporting any type of data, including birth certificates, social security, and many other types of data. All of these would enhance a person's LifeGraph and increase the possibilities for what you can do with your data on the BurstIQ platform and ecosystem. We believe that the most appropriate entry point for government-held data will be integration of Medicare and Medicaid data into the platform, and that will occur with our HIE integrations. Over the next 1-2 weeks, we'll be posting a number of videos that show how a user can add birth certificate information, certifications and credentials, and other types of data to their LifeGraph.

[BurstIQcorpdev]

Q&A Series, Question 1:

How did BurstIQ get started? How has the company evolved since it was founded?

Frank has spent his entire career working on cybersecurity, machine intelligence and high-capacity networks. ?I?ve had a lifelong passion for combining security and cooperative intelligence to solve very hard problems.  I wrote my first rudimentary ?AI? application in the mid 1980s and worked on advanced military grade high capacity networks and cryptographic solutions for the U.S. Air Force. This passion has carried forward through several companies, to include the first company I started.? 

Frank had created security and network solutions for the healthcare sector at Recondo Technologies, but it was personal experience that really turned Frank?s attention to healthcare. Shortly before starting BurstIQ, Frank received three notices that his personal information had been stolen. It was this experience that motivated him to leave Recondo in late 2014 and start working on concepts for a next-generation privacy solution for the healthcare industry.

In February of 2015, Frank was invited to be a Prospective CEO in the first 10.10.10 Health program. While researching the ten problems presented to the participants, Frank noticed a common thread: data. In particular, challenges with transparency and security of health data seemed to be the inhibiting factor to solving most of these problems.

BurstIQ was officially founded the following month with an initial seed round of $250,000 from PV Ventures. The first thing Frank did was call Brian Jackson.

Brian and Frank have worked together for over 17 years at three different companies. At the first of those companies, Innerwall, Brian and Frank worked on creating a cooperative agent technology to provide a security layer behind the firewall. ?This was our first attempt to use a ?zero knowledge? proof as part of a commercial solution,? recalls Frank. ?Zero knowledge trust establishment, in our opinion, is the most revolutionary feature of blockchain.? Over the course of those 17 years, the two of them built cybersecurity solutions for large enterprises, large-scale SaaS platforms for the military and government agencies, and data networks for large government and private enterprises.

With BurstIQ up and running and deep into development mode, Frank and Brian began to engage with enterprise and institutional customers to co-develop solutions for the ecosystem. These early applications allowed BurstIQ to demonstrate viable use cases for the platform and test the platform?s capabilities. Starting in early 2016 and during the next 12 months, the BurstIQ platform processed over 25B data points and provided analytics through several hundred ?insight cards? (analytics visualization tools).

We are currently focused on advancing the machine intelligence capabilities of the platform through partnerships in deep learning and artificial intelligence, and will soon begin developing the consumer interface for the platform. We have been lucky enough to achieve financial sustainability through stable revenue streams, and our roadmap for new customer integrations is very strong.

[BurstIQcorpdev]

Q&A Series, Question 2:

What is the main aim and value proposition(s) of BurstIQ?  Who is the primary target market?

BurstIQ believes that people should be able to access and use their own data, control how their data is used, and have confidence that their data is safe. We also believe that data is critical to the future of healthcare, and that health systems, digital health companies, biotechnology and pharmaceutical companies, and researchers will all need data to create more effective treatments and health solutions. The trick is enabling both: ensuring people’s privacy and control while enabling organizations to access the data they need.

So BurstIQ created a platform that serves the needs of both of these groups: consumers and health-related organizations.

With regard to consumers, we know that there are lots of players out there who are using and making money from our health data, both for good reasons and bad reasons. Health systems and insurers use data to provide people with better care, and hackers use it for identity theft and to extract ransoms from health systems. BurstIQ wants to put people in control of their own data – letting each person decide if they want to keep their data completely private or share it, and if the latter, how, when, and with whom.

The BurstIQ platform does that. At a basic level, the platform lets people see all their own health data in one place and easily transfer that data to providers, family caregivers, etc. But the platform goes way beyond data transfers. The BurstIQ ecosystem enables marketplaces, collaborations, and lots of products and services that consumers can access. This could include discounted insurance, coaching or nutrition apps, online support groups, telehealth, opportunities to participate in research or clinical trials, pharmacy or medication discounts, etc. The possibilities are really endless.

In order for this ecosystem of products and services to exist, the platform needs companies and institutions to participate. And because the platform gives companies access to the health data they need to support their business, they have good reason to do so. Not only can they use health data from the platform to create more effective products, services and treatments, but they can partner with other organizations on the platform to build additional value, bundle complementary products, strengthen research programs, etc. That’s what we mean when we talk about an ecosystem. The platform provides a foundation for partnerships, collaborations, communities, and marketplaces. Data is flowing through all of these interactions – it is essentially the currency driving all of these relationships. And BurstIQ tokens (BiQs) are the digital currency that represent that data currency.

[brian.jackson]

I tried my best to find the starting date for ICO but didn't succeed in my mission. All I can see is on 24th mentioning that currently in private presale. It means there is no set in stone date yet for the open presale or main ICO so far. I will be waiting and watching at the same time.

Please let us know if you have any other questions.

[BurstIQcorpdev]

Q&A Series, Question 3:

What are the 2-3 main problems BurstIQ seeks to solve in the healthcare world?

BurstIQ was founded to address three fundamental problems in healthcare.

First, health data lives in silos, with little or no integration to other data sources. This is problematic for a number of reasons. It makes it difficult for providers to make fully informed care decisions, since they have no visibility into encounters that occurred outside their network. Insurance plans are implementing financial penalties on providers for unnecessary readmissions, but the provider may not be aware of readmissions that occur outside their network. And not having a comprehensive view of a person makes it tough to create personalized, highly effective products, services and treatments.

Second, while security and privacy regulations such as HIPAA are very important for ensuring people’s privacy, they make it extremely hard to combine and share data between people and organizations who need it or would greatly benefit from it. This makes it challenging for commercial and academic researchers to find the right research participants for their studies, for digital health companies to leverage data to improve the effectiveness of their products, and for employers to offer more personalized, more effective wellness plans. 

And most importantly, we as individuals often have limited access to our own data. Even when we do have access through personal health records (PHRs) or patient portals, it is often difficult to understand, and sharing it often requires multiple layers of paperwork and administrative overhead.

[BurstIQ]

Good Afternoon!

Guess who's speaking at the Global Blockchain Summit?

You guessed it! Our CEO Frank Ricotta will be one of the keynote speakers for this years Global Blockchain Summit!

Check out Frank's bio here, and don't forget to sign up!

[magisterr]

Stakes must be calculate every week (every monday, friday or every sunday atc.). Wanted to join here, but can see any sense. Find another one.

[brian.jackson]

We receive several requests via PM on which hospitals and HIE we are currently working with.


The 2 current university hospitals are

uchealth https://www.uchealth.org/
University of Colorado Hospital
BurstIQ started integration with uchealth in Q1 of 2016.
uchealth lists us as a partner on their website http://www.cucareinnovation.com/care-portfolio/

UTMB https://www.utmb.edu/
The University of Texas Medical Branch
BurstIQ started integration with UTMB in Q4 of 2016.

We are also working with COLS and CU Anschutz Medical Campus
Colorado Longitudinal Study http://www.coloradolongitudinalstudy.org/
COLS  list us as partner on their website http://www.coloradolongitudinalstudy.org/information-technology-informatics/



The (2) new large hospitals that we have just started new integrations with in August of 2017, we are hoping to have a press release in the next few weeks.

We also have a partnership with two other large healthcare organizations to run integrations with the BurstIQ platform.

CORHIO
Colorado Regional Health Information Organization
http://www.corhio.org/
Partnership info http://101010.net/blog-posts/101010-announces-first-of-its-kind-data-repository-to-support-health-innovation-entrepreneurs

CIVHC
Center for Improving Value in Health Care
http://www.civhc.org/
Partnership info http://www.denverpost.com/2017/05/31/denvers-10-10-10-event-fix-cities/

[bitcoinjames6]

We receive several requests via PM on which hospitals and HIE we are currently working with.


The 2 current university hospitals are

uchealth https://www.uchealth.org/
University of Colorado Hospital
BurstIQ started integration with uchealth in Q1 of 2016.
uchealth lists us as a partner on their website http://www.cucareinnovation.com/care-portfolio/

UTMB https://www.utmb.edu/
The University of Texas Medical Branch
BurstIQ started integration with UTMB in Q4 of 2016.

We are also working with COLS and CU Anschutz Medical Campus
Colorado Longitudinal Study http://www.coloradolongitudinalstudy.org/
COLS  list us as partner on their website http://www.coloradolongitudinalstudy.org/information-technology-informatics/



The (2) new large hospitals that we have just started new integrations with in August of 2017, we are hoping to have a press release in the next few weeks.

We also have a partnership with two other large healthcare organizations to run integrations with the BurstIQ platform.

CORHIO
Colorado Regional Health Information Organization
http://www.corhio.org/
Partnership info http://101010.net/blog-posts/101010-announces-first-of-its-kind-data-repository-to-support-health-innovation-entrepreneurs

CIVHC
Center for Improving Value in Health Care
http://www.civhc.org/
Partnership info http://www.denverpost.com/2017/05/31/denvers-10-10-10-event-fix-cities/

Thanks for sharing this info on which hospitals you work with.

I was wondering if you have a list of the pharmaceutical companies that you work with?

[Crypto privacy]

I noticed a slight discrepancy in the data:
"In the first 12 mounths of operation, the BurstlQ platform processed 25 billion data points", roadmap information 20 billion.
But the question is not this. It is interesting to know not the number of processed data, but the number of patients whose data was processed.
Thank you!

[brian.jackson]

I noticed a slight discrepancy in the data:
"In the first 12 mounths of operation, the BurstlQ platform processed 25 billion data points", roadmap information 20 billion.
But the question is not this. It is interesting to know not the number of processed data, but the number of patients whose data was processed.
Thank you!

Should be 25 billion data points.  I will try to get a rough patient number.

[BurstIQcorpdev]

Q&A Series, Question 4:

What are some case examples of how BurstIQ delivers real value in the real world?

Many people take medications that don’t work very well for them, but those meds are prescribed because they are cheaper, have fewer side effects, or other reasons. But we know that the person’s outcome would likely be much better, and the insurer or self-insured employer would save money in the long run, if they prescribed something that was more effective for that individual. To address this, BurstIQ formed a joint venture with BH Genetic Services  and Aeon Global Labs that enables self-insured employers to offer pharmacogenomics (PGx) testing as part of their employee wellness program. BurstIQ’s platform uses machine intelligence to identify individuals who would be likely to benefit from the test, and then the platform manages the entire testing process, from ordering to results. The person’s care team can use the PGx results to optimize their medication regimen – which not only improves the person’s health and quality of life, but also saves money for the employer. And by using the BurstIQ platform, the employer only orders the test for people who actually need it – saving additional cost.

Health systems tend to see significant variation in procedures between different providers in their network. Some doctors like to do it one way, others like to do it a different way. The problem with this is two-fold: First, higher variation means higher cost for the health system. If two doctors like to use two different types of kits in the OR, the health system has to keep both types of kits on hand, rather than being able to buy one type of kit in bulk (at lower cost). It also means that there could be significant lost revenue if one doctor does the procedure using a method that costs more but achieves the same clinical outcome. BurstIQ is partnering with an analytics and consulting company that focuses on health system optimization and cost recovery. The company will use BurstIQ’s data analytics engine and platform to identify areas where health systems can optimize their practices, reduce variability and recover lost revenue. The value of this has already been demonstrated – one healthcare system saw $100 million in cost savings and recovered revenue using this solution.

Lastly, the BurstIQ platform makes it significantly easier to create intelligent consumer-facing digital health solutions. For example, there are a number of companies trying to use movement detection technologies to predict fall risk in elderly populations. These solutions typically analyze a person’s gait to set a baseline and then monitor changes. The BurstIQ platform gives these companies access to large, diverse data sets and machine intelligence, allowing them to discover non-obvious predictors of frailty and incorporate these factors into their predictive algorithms.

[BurstIQcorpdev]

I was wondering if you have a list of the pharmaceutical companies that you work with?

Because pharma companies are most interested in engaging directly with people to find clinical trial participants and market drugs directly to the people who are interested in them, we need to launch the consumer version of the platform before we bring on pharma companies. We are working with two different life science companies on deployments that will give us all the technical backend to support pharma's needs, so it will be an easy deployment once the consumer interface is live.

[cryptovilnix]

Something that seems to be the norm is taking blockchain onto any new project. How does using the blockchain make this platform any more secure? I understand data in the system is only accessible via individuals with contracts but what stops a doctor or health physician from physically copying this data by hand, then imputing it into their own internal datastore? Bound by HIPAA they might be, it doesn't take much for them to break HIPAA in the interest of convenience knowing all to well how unlikely it is they'll be caught anytime soon. Furthermore, I've noticed analytics and data processing is a growing field within the healthcare space. What do you guys plan to do to incentise analytics teams from adopting this new platform? Each hospital, insurance company, client, all seem to have their system which creates a slew of process for an analytics team. What would make a team choose this platform, seemingly yet another caveat in the mix?

[fathamburger]

Why ICO for BurstIQ? is there a particularly unique use case for the token?

Don't mean to be respectful, there are a lot of these lately and most are thinking to raise money first and leverage blockchain later. Otherwise there are many other companies who are also reclaiming patient health data back to the patients. What makes you guys different?

[BurstIQcorpdev]

I've seen the LifeGraph and Health Singularity mentioned in the whitepaper...

Could you elaborate on them? What is the vision? And why they matter?

Health Singularity is the idea that healthcare will soon be personalized down to each individual. Providers will no longer create treatment plans based on a particular diagnosis, or even based on similar groups of people with a particular diagnosis. They’ll be able to create a treatment plan that is specifically tailored for you, based on everything about you: your genomic and proteomic profile, your medical history, your family’s medical history, your lifestyle, etc.

But there are two things that have to be in place in order for Health Singularity to become a reality. First, the system needs to have enough data about each person that it can create a complete picture of that person – the more data is included, the more personalized the care can be. Second, there needs to be a complete profile for tens of thousands, or even millions of other people, so the system can find hidden trends and build predictive models. The more people are in the system, the more accurate the predictive models will be, and the more personalized care can become.

So here’s where LifeGraphs come in. The BurstIQ platform builds a LifeGraph for each person. The LifeGraph brings together data from all sorts of different sources: your primary care provider, your specialist doctors, that ER you visited once when you were on vacation, your dentist, your psychiatrist, your pharmacy, your pedometer, your glucometer… it can even pull in data from your social network accounts, if you choose to add those. By bringing together all of this data from different sources, the platform creates a complete picture of you – your LifeGraph. The more data is in each LifeGraph, and the more LifeGraphs there are, the closer we get to being able to achieve the Health Singularity.

[BurstIQcorpdev]

Something that seems to be the norm is taking blockchain onto any new project. How does using the blockchain make this platform any more secure? I understand data in the system is only accessible via individuals with contracts but what stops a doctor or health physician from physically copying this data by hand, then imputing it into their own internal datastore? Bound by HIPAA they might be, it doesn't take much for them to break HIPAA in the interest of convenience knowing all to well how unlikely it is they'll be caught anytime soon. Furthermore, I've noticed analytics and data processing is a growing field within the healthcare space. What do you guys plan to do to incentise analytics teams from adopting this new platform? Each hospital, insurance company, client, all seem to have their system which creates a slew of process for an analytics team. What would make a team choose this platform, seemingly yet another caveat in the mix?

Several questions in here... I'll try to answer each of them.

First, we didn't incorporate blockchain because all the cool kids were doing it. We incorporated blockchain because it allowed us to create an immutable and audible chain of custody for every data element in the platform - knowing exactly where a piece of data has been, for how long, and how it has been used or modified or shared over time.

Second, blockchain by itself doesn't do anything to make this platform secure. In fact, traditional blockchain is open and transparent, so it is, by definition, not secure. The BurstIQ platform uses a permissioned blockchain structure with trusted nodes to verify data elements, and data security in several forms at all levels of the platform. The white paper goes into pretty good detail on this.

Third, nothing stops a doctor from physically copying data by hand and inputting it into their own datastore... other than the fact that they could lose their license and be hit with a multi-million dollar fine. Even if they did do it, it would be logistically impossible for them to manually transfer the volume of data they'd need to do anything meaningful, like analytics, cohort research, or even stealing identities. Manual data breaches like that aren't really a significant risk, but large scale data breaches are - and those are exactly what the platform is designed to prevent.

Fourth, this platform is designed for exactly the analytics scenario you present. Without BurstIQ, in order for analytics companies to gain insights across the industry, they have to do 1:1 integrations with every hospital, every insurance company, every other company that manages health data. Each of those integrations can be months of work, and then the data has to be scrubbed and normalized so you can compare apples to apples. All that work before the real analytics can even start. The BurstIQ platform is designed to pull all those data sources together, so that analytics companies can access all the data they need through a single API. And as more data is added to the platform, you get access to those new data sets automatically (subject to people granting permission, obviously) - no new integrations required.

[BurstIQcorpdev]

Why ICO for BurstIQ? is there a particularly unique use case for the token?

Don't mean to be respectful, there are a lot of these lately and most are thinking to raise money first and leverage blockchain later. Otherwise there are many other companies who are also reclaiming patient health data back to the patients. What makes you guys different?

Totally understand the questions. I just posted a response to a similar question about why we're using blockchain, but the nutshell is that blockchain wasn't an afterthought for us. From Day 1 we knew we'd use blockchain because it provides an immutable and audible chain of custody for the data - so the platform knows who has seen a given piece of data, how it was used, and how that data element has been modified over time. This is essential for managing sensitive health data.

What makes us different from personal health records (PHRs, which is essentially what you're describing) is that PHRs don't really allow you to do anything with your data - you can see it and send it to your doc, but not much else. Our belief is that people should be able to not just access their own data, not just understand it, but gain value from it. Right now, health systems and insurers and pharma companies can access and extract value from your health data, but for the most part, you can't. So the BurstIQ platform creates a global marketplace where you can put your data to work for you - you can share it with digital health companies in exchange for personalized smart solutions, you can share it in exchange for discounted insurance rates or free wellness benefits from your employer. You can donate it to research causes you care about, you can participate in clinical trials, you can buy health-related products and services. In each case, you are choosing to share (or not share) your data, and each data transaction is accompanied by a financial transaction of BiQ tokens. Individuals may not be aware of the financial transaction because much of the activity on the platform may be free to them, and because the platform will be able to seamlessly exchange local currencies into BiQs.

So that's where the token sale comes in. We have a number of institutional customers already on the platform, but as we gear up for the consumer launch, we needed to do two things simultaneously: 1) ramp up our development team to build the consumer interface, and 2) build a community of early adopters so that we have consumers using the platform when the consumer product launches in 2018. Hosting a token sale allows us to do both: we can offer early adopters with discounted BiQs now so that when the consumer interface launches, these early adopters will have the currency (both literally and figuratively) to begin using the marketplace immediately.

[BurstIQ]

Good Afternoon everyone!

It is no secret that data has become an extremely valuable asset. Every year we see more companies who's sole business and product is data collection and data analysis.
With BurstIQ, data is in your hands to control. For more on this subject, please click here.


Please remember to join our Slack and Telegram groups for sale queries and support:

Slack: https://slack.burstiq.com
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