A biotech company will use the blockchain to analyze the molecular data in real time

A biotech company will use the blockchain to analyze the molecular data in real time

Nano Global announced the development of a single-chip system using the blockchain technology for analysis of molecular data and treatment of diseases caused by superbugs.

In its press release of November 21, a biotechnology company Nano Global announced its collaboration with semiconductor company Arm for the development of system on a chip with effective use of latest technologies including the blockchain, to collect and analyze “data at the molecular level in real time.”

The publication stated that the technology “can be used to identify and analyze threats to health caused by pathogens and other living organisms”. It can also be useful for the study and treatment of diseases caused by superbugs and other infectious diseases, and cancer.

The video in the ad explains that with this technology it will be possible “to identify molecular structures, such as pathogens, the way we are now defining the face”, with software for recognition. the company expects that the system will be useful not only for the “recognition” of threats, but for “analysis and action”.

Nano Global is not the first organisation that uses blockchain technology in molecular and biomedical research. In 2000, Stanford University Professor Vijay Pande launched Folding@Home – distributed computing project that collects the backup computational power generated by their users, and use it to study the coagulation of protein molecules. The results of these studies will help to deepen the understanding of diseases such as “Alzheimer’s disease, Huntington’s disease, Parkinson’s disease, and many cancers”, and potentially enhance the capabilities of their treatment. The release of the first Global Nano crystals “is expected before 2020.”

Over time, there is a linked object, providing the compensation of the depositors of Folding@Home for the computational power. It is a cryptocurrency FoldingCoin. According to the white paper 2017, the Protocol “Proof-of-Fold”, first introduced in 2014, gives FoldingCoin participants that make contributions in the form of cycles in the medical research platform Folding@Home (instead of an algorithm, “Proof of Work” or “Proof of Stake”, which are used in traditional blockchains altcoins). Thus, the consumed power “is not considered wasted”. FoldingCoin is built on the blockchain the platform Counterparty, which, in turn, built on top of bitcoin.

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