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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
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BurstIQcorpdev
on 27/09/2017, 16:14:31 UTC
Many of you have asked how we are different from our competitors, and we have provided specific information on how we are different from other [Suspicious link removed]panies in the health space. Frank and I just returned from the Distributed Health conference, where every company that is involved in blockchain and health was in attendance. There are lots of great ideas brewing out there, but it is clear that this is still a nascent field with tons of room for innovation and growth.

Having seen what's out there, I can say that there are a few areas where BurstIQ has developed technologies that are completely novel:

1. Informed Consent: traditional smart contracts can handle simple transactions, but BurstIQ's Consent Contract layer can create complex smart contracts where data has multiple owners, permission can be revoked or limited to a subset of a person's LifeGraph, permission can be granted to groups or definitions of groups rather than specific individuals, etc. This is something we heard over and over is essential for managing health data, and BurstIQ is the only company that has enabled and fully deployed this.

2. Ecosystem: There are a few companies looking to put health (or in some cases, just medical) data on blockchain - either for operations / supply chain management or as a personal health record. BurstIQ is the only company that is putting health data (broadly defined) on blockchain and then establishing an ecosystem that allows people to control and gain value from their own data, and allows companies and individuals to create partnerships, market products, buy products, collaborate on research projects, create B2B services, and more. This is another aspect of our platform that many attendees told us was desperately needed in the healthcare industry.

3. BurstIQ is the only company that has applied Big Data capabilities to the core blockchain, which means that a) the platform can handle large data volumes industry-wide level rather than needing to build separate (siloed) instances that can only handle a limited amount of data, and b) the platform can apply machine learning, real-time data analytics, AI and other tools to the data, which opens up a whole world of possible uses of the data.

A few other factors that set us apart:
1. We have paying customers, a strong customer pipeline and are profitable.
2. With our partnerships with Empiric Health and iCan Benefit Group, we will bring in hundreds of thousands of LifeGraphs, millions of data transactions and large portfolios of consumer products on the Ecosystem.
3. Our platform is fully operational - we are not just a whitepaper or vaporware looking for start-up funding.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 26/09/2017, 20:43:59 UTC
Just finished up at the Distributed Health conference in Nashville, and the overwhelming response to our platform has been, "Ohhh, that is so badly needed in this industry." Makes us feel pretty good, and we're so grateful for the support we've received from the community.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 25/09/2017, 20:21:52 UTC


Hi tempus,
I apologize for the delay. As Brian noted, we are in Nashville for the Distributed Health conference. I'll try to answer your questions one by one:

Blockchain:

How I understand it so far there won't be inflation of the token, right?
The token’s valuation is based on supply-and-demand as generated on the Platform and exchanges.  There will be no artificial inflation of the token itself by BurstIQ.    

What will be the incentive to secure the underlying Blockchain/Burstchain?
The incentive for securing the Platform is dictated in the permission blockchain arena by legal and ethical enforcement.  If you a a more specific question we will try to answer.

Will it be a truly decentralized system or more like a private Blockchain?
Currently the platform is a permissioned blockchain (private distribution).  As the platform evolves and the other encryption techniques are productionalized (see white paper), the plan is to allow for non-permissioned (public distribution) of the Burstchain.  

Will the project, at least the Blockchain, be Open Source?
Currently, the source code is not open source.  However, we are evaluating some options around open sourcing parts of the Platform.


Business-model:

I understand the basics of the economical system of the platform, and I like it - but what is the business model of the company behind?
Our business model has two primary revenue sources for the company: BurstIQ takes a small percentage on all BiQ transactions on the platform, and we have strategic partnerships (co-development, marketing and/or distribution) with revenue sharing or royalty provisions.  In terms of our roadmap, our first priority is to grow the ecosystem – bigtime. We’ve been heads-down in development mode for the last two years, and during that time, we partnered with a number of large business customers to validate the platform and make sure the core capabilities were sound. Now that the platform is operational, we’re ready to grow. Our next big development milestone is to add the consumer interface, so that people can start going onto the platform and controlling their own data. That's why we're doing this BiQ token sale. The BiQ token will be the currency for all transactions on the BiQ Ecosystem, from data queries to buying products and services to donating data for research. By offering BiQ tokens now at a discount, we can start building a community of early adopters for when the BiQ Ecosystem launches in early 2018.

Regarding the Token Sale:

Is there any source to keep track of the sale, about how much already was sold etc.?
For the public crowdsale, yes we plan to have a tracking system of tokens sold and goals obtained.  We have not released info about our pre sales at this time.

Is there a minimum cap?
We did not set a minimum cap.

What would happen with unsold tokens in case the crowdsale would not be sold out?
The unsold tokens would be placed back into the BurstIQ pool for a possible use at a later date.

Would be great to get answers on my question. I really like the idea and I have not much doubt about the expertise of the team. What I'm a bit critical about is the lack of deeper infos. The legal documents seem to be longer than the whitepaper - obviously you have very good lawyers! ;-)  

As for the legal, yes we have retained Cooley for our legal team and I would agree they are very long, but we are following the advice or our legal team.

I hope that helps. If you have any other questions, please don't hesitate to ask.

Many thanks for the reply and no need to apologize. Very understandable that there is a lack of time if you guys are on a conference.

To clarify my question regarding "incentive to secure the blockchain" - it's meant economically. The Bitcoin-protocol pays BTC to the miners. Other blockchains have similar designs. I understand that it will not start as a decentralized system, so it's not a topic for now. But since you say that it's a goal to decentralize the system and that there will be no inflation of that kind, I don't understand how to pay those who would run and secure a decentralized blockchain.  


Why I asked those questions in general is because: This project could very well turn out as a pearl between all the crap that is hyped up in this space. It doesn't get much attention until now, what is not a contra for me personally. Usually I try to find projects I believe to see longterm potential in, while being under the radar of a majority.

But, my concern is: You say that there is no minimum-cap, what would mean in worst case that you might get much less than anticipated and needed. Let's say, as extreme scenario: Only $3 millions. That would be a limitation of possibilities. You also say that the crowdfunding won't be a decision about the total supply - all what won't be sold will go back to the company. The total supply multiplied with ICO-price is not cheap. I don't even say it's not justified - hard to ever make such estimations and your project is obviously farer developed than a lot of others that only start as concepts. But it's at least a consideration that you'll need additional crowdfunding rounds or maybe to sell on an exchange once/if your token gets listed. Result would be pressure on the price.

While I like a lot about this project, that is something that makes it a bit unpredictable.


Is there any Plan B in case that you don't reach something like a minimum goal and how to proceed in such a case? I'm sure that you know pretty well what you need for certain scenarios from "at least" to "best case".


Btw, what I said about the legal documents wasn't meant critical. Actually I see that as a sign of professionalism, even if scary ;-)


Thank you for all your questions.  As you have said the current implementation is a trusted peer based system.  BurstIQ or a provider will be hosting the system just as we are today, due to the fact that patient data (PHI) must be secure and encrypted.  All public blockchains are transparent and do not provide the required level of protection.  That is where our permissioned blockchain solves out for PHI data.  As the platform evolves along the published roadmap, the ability to publicly distribute the nodes securely will mature. At that time we will release the public version.  We have also enabled a large-scale analytics functionality on our blockchain that allows queries to scale at nosql speeds.  We have obtained our first phase patent on this design.
 
As for the plan B, you are correct that current ICO/crowdfunding projects projections are hard to exactly plan outcomes.  We have put together a high level plan for different funding amounts.  Anything in the 2-6 million dollar range puts us in the acceptable range moving forward.  Acceleration plans come in the 10M, and 20M range, and the moon shot comes in the 50M range.  Our offices are in the health care mecca for IT right now (Denver, Colorado), and have a very good footprint and following with the local community.  We plan to use a portion of the proceeds to invest in other healthcare startups and healthcare technologies to expand the number of solutions on our platform into the  100s and eventually, 1000s of applications and services.
 
We currently have two large universities on the platform, (UCHealth and UTMB) and are actively integrating two other large-scale health systems (hope to be able to announce soon, again legal). We are also working with 3-5 other large-scale hospitals.  We will publish a press release in the next few days announcing a partnership with a vendor that would connect us to all the major healthcare insurance providers and would put millions of users on the platform.  (Stay tuned for that press release.)
 
If this crowdsale only hits our minimum, we would just not be able to scale as fast as we would with large raises of tokens.  But again, we are already profitable.  This token sale is more to accelerate the development and adoption of the consumer version of the platform.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 25/09/2017, 16:25:24 UTC
Hi everybody!

Very interesting platform - got my attention because of the S&C-article btw:
https://www.smithandcrown.com/sale/burstiq-tokensale-blockchain-hosted-medical-record-storage-health-marketplace/


I have a couple of questions:


Blockchain:

How I understand it so far there won't be inflation of the token, right?  

What will be the incentive to secure the underlying Blockchain/Burstchain?

Will it be a truly decentralized system or more like a private Blockchain?  

Will the project, at least the Blockchain, be Open Source?



Business-model:


I understand the basics of the economical system of the platform, and I like it - but what is the business model of the company behind?


Regarding the Token Sale:

Is there any source to keep track of the sale, about how much already was sold etc.?

Is there a minimum cap?

What would happen with unsold tokens in case the crowdsale would not be sold out?



Would be great to get answers on my question. I really like the idea and I have not much doubt about the expertise of the team. What I'm a bit critical about is the lack of deeper infos. The legal documents seem to be longer than the whitepaper - obviously you have very good lawyers! ;-)  


Best regards,
tempus



Usually, when it's hard to get answers on questions within 2 days, there are 3 possible scenarios:

1) A team doesn't have enough time.
2) A team doesn't believe it's necessary.
3) A team believes answering on certain questions would do more harm than good


I believe you'll understand that it's not possible for me to buy into the pre-sale and/or crowdfunding without having answers on those questions. In case those answers were already given somewhere, links to those sources would also be fine.


Hi tempus,
I apologize for the delay. As Brian noted, we are in Nashville for the Distributed Health conference. I'll try to answer your questions one by one:

Blockchain:

How I understand it so far there won't be inflation of the token, right?
The token’s valuation is based on supply-and-demand as generated on the Platform and exchanges.  There will be no artificial inflation of the token itself by BurstIQ.    

What will be the incentive to secure the underlying Blockchain/Burstchain?
The incentive for securing the Platform is dictated in the permission blockchain arena by legal and ethical enforcement.  If you a a more specific question we will try to answer.

Will it be a truly decentralized system or more like a private Blockchain?
Currently the platform is a permissioned blockchain (private distribution).  As the platform evolves and the other encryption techniques are productionalized (see white paper), the plan is to allow for non-permissioned (public distribution) of the Burstchain.  

Will the project, at least the Blockchain, be Open Source?
Currently, the source code is not open source.  However, we are evaluating some options around open sourcing parts of the Platform.


Business-model:

I understand the basics of the economical system of the platform, and I like it - but what is the business model of the company behind?
Our business model has two primary revenue sources for the company: BurstIQ takes a small percentage on all BiQ transactions on the platform, and we have strategic partnerships (co-development, marketing and/or distribution) with revenue sharing or royalty provisions.  In terms of our roadmap, our first priority is to grow the ecosystem – bigtime. We’ve been heads-down in development mode for the last two years, and during that time, we partnered with a number of large business customers to validate the platform and make sure the core capabilities were sound. Now that the platform is operational, we’re ready to grow. Our next big development milestone is to add the consumer interface, so that people can start going onto the platform and controlling their own data. That's why we're doing this BiQ token sale. The BiQ token will be the currency for all transactions on the BiQ Ecosystem, from data queries to buying products and services to donating data for research. By offering BiQ tokens now at a discount, we can start building a community of early adopters for when the BiQ Ecosystem launches in early 2018.

Regarding the Token Sale:

Is there any source to keep track of the sale, about how much already was sold etc.?
For the public crowdsale, yes we plan to have a tracking system of tokens sold and goals obtained.  We have not released info about our pre sales at this time.

Is there a minimum cap?
We did not set a minimum cap.

What would happen with unsold tokens in case the crowdsale would not be sold out?
The unsold tokens would be placed back into the BurstIQ pool for a possible use at a later date.

Would be great to get answers on my question. I really like the idea and I have not much doubt about the expertise of the team. What I'm a bit critical about is the lack of deeper infos. The legal documents seem to be longer than the whitepaper - obviously you have very good lawyers! ;-)  

As for the legal, yes we have retained Cooley for our legal team and I would agree they are very long, but we are following the advice or our legal team.

I hope that helps. If you have any other questions, please don't hesitate to ask.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 21/09/2017, 19:36:54 UTC
Good going guys! Looking forward to the public sale.

What is BurstIQ’s long term roadmap and vision?

Will you guys expand the platform to other fields than health, and if yes which other industries you see BurstIQ could make a difference in as well as get traction?

Hi coin@coin! Thanks for your question. We have a pretty simple vision: we want to make the world a healthier place. And we believe that if people can access their own data, understand it, and use it make their own little part of the world a healthier place, that we’ll eventually make the whole world a healthier place.

In terms of our roadmap, our first priority is to grow the ecosystem – bigtime. We’ve been heads-down in development mode for the last two years, and during that time, we partnered with a number of large business customers to validate the platform and make sure the core capabilities were sound. Now that the platform is operational, we’re ready to grow. Our next big development milestone is to add the consumer interface, so that people can start going onto the platform and controlling their own data. That's why we're doing this BiQ token sale. The BiQ token will be the currency for all transactions on the BiQ Ecosystem, from data queries to buying products and services to donating data for research. By offering BiQ tokens now at a discount, we can start building a community of early adopters for when the BiQ Ecosystem launches in early 2018.

Regarding other industries, the short answer is yes. The BurstIQ platform can manage any kind of data, not just what we typically think of as health data. Over time, we expect to expand the scope of the platform to include water, finance, energy, community, education, and even some verticals that have yet to exist. We're starting with health because we feel the need is the greatest in this industry, but we are already talking with players in other industries about possible partnerships.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 13/09/2017, 20:03:18 UTC
Hey I have a question.

How does BurstIQ hope to improve patient access to health care and services, especially outside of the United States? A lot of my family lives outside of the United States and I know they could really benefit from this program!

Hi! The platform allows anyone, anywhere to access health-related products and services. So for example, a person in Thailand could use telemedicine on the platform to have a virtual appointment with a specialist in London, or donate their data to a research project in Brazil. The only limitation will be what is required by regional or national laws and regulations (e.g., licensure), and the platform will manage all of that automatically.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 13/09/2017, 19:57:47 UTC
Hey Guys - I wanted to ask you what are BurstIQ's goals regarding contribution to the areas of medical research and major pharma clinical studies? Any timelines on working with major pharmaceutical brands and disclosing which companies you are planning to work with?

Hi bitcoinjames6, we are definitely planning on working with medical research and major pharma companies. We currently have a relationship with UCHealth CARE Innovation Center (on the Anschutz Medical Campus) on the research side. Once the consumer interface is launched, we plan to engage with several major pharma companies. We're staggering the engagements this way on purpose - the biggest interest from pharma companies will be access to individuals - both for marketing of existing treatments and for clinical trial recruitment. So we want to make sure we have consumers on the platform before we bring on pharma companies.

But there are several major draws for academic researchers, pharma and biotech to a platform like ours:

First, the platform allows academic researchers, commercial researchers and CROs to directly reach people who fit the participant profile for their study. Typically, researchers find study participants in one of two ways: they either advertise the study on general channels (e.g., on the Internet) and hope that people will see it and contact them; or, providers and clinical research coordinators identify potential participants and talk with them about the opportunity. With the BurstIQ platform, researchers can query the system to find people who fit a certain medical, genomic or other profile. The system will return a list of people who fit that profile and have “opted-in” to learn about research. Then they can reach out to those people directly. This saves researchers a huge amount of time, energy and expense.

Second, the platform allows researchers to access large data sets far more easily than would otherwise be possible. Usually, researchers download data from multiple repositories separately. Often, this means additional cost and a lengthy contract process. Then the researcher has to parse and clean and standardize that data before they can even start the actual research. The whole process can take months. The BurstIQ platform allows researchers to access large data sets with one API, and the data is already parsed, cleaned and standardized.

Third, because the platform enables machine intelligence and deep learning, researchers can do more with the data. Associations and trends can be uncovered that lead to new discoveries, study participant profiles can be refined and stratified, treatments can be applied with more specificity, and data about human behavior and other non-medical factors can inform clinical studies.

Fourth, commercial biotech and pharma companies can market products directly to highly receptive audiences. Instead of mass outreach through print, online and TV advertising, companies can identify people who fit the medical profile for a particular drug and offer discounts or rebates directly to those individuals.

Fifth, the platform allows researchers to find others who are working in similar fields and collaborate. Research results can be shared with other researchers without compromising intellectual property rights or the privacy of the individuals participating in the study.

And finally, the BurstIQ platform eliminates the need for intermediary CTMS systems that act as a liaison between health system EHRs and biopharma companies’ clinical data repositories. These intermediary CTMS systems are often rife with missing or incorrect data, and correcting or preventing these mistakes requires significant manual labor and training.

In terms of disclosing who we're working with, we'll make those announcements when the partnerships are finalized.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 12/09/2017, 19:26:06 UTC
Thanks for the extensive and prompt reply, appreciated, helps me a lot to understand.

I have a couple more questions in light of recent security breaches not only with health data but with data in general (read Equifax):

What sort of emerging trends and challenges exist around health data security and breaches?

How is BurstIQ seeking to address these concerns?

Sure, that's what we're here for. Equifax is a biggie, especially considering the number of profiles they manage and how much data they have on each person. Breaches are definitely a big problem in the healthcare industry - healthcare systems in particular are a big target for hackers because they have so much sensitive data and EMRs and patient portals have a lot of vulnerabilities. Historically, healthcare data was stolen for personal identity theft - a medical record can be worth as much as $1,000 on the black market. However, we are seeing a shift from identity theft to ransomware, where hackers are locking up entire systems of health data and extracting millions of dollars in order to restore access.

As more and more data is incorporated into the healthcare system and as access points (such as patient portals) become more widespread, the pace of these incidents will accelerate. The Health Care Industry Cybersecurity Task Force, established by the Department of Health and Human Services, indicated in their report to Congress that the healthcare industry isn’t prepared for this cyber onslaught. Most health systems focus on establishing traditional perimeter security solutions (e.g., firewalls). However, the mandate to enable people to access their data via patient portals creates security gaps that hackers can easily exploit.

Our team’s 65+ years of experience building secure networks and cybersecurity solutions for the U.S. Military and other government agencies provides us with a skill set that few others in the health IT industry can match. Rather than developing the platform and then addressing security after the fact, the BurstIQ platform was built from the ground up with security in mind. Security features are embedded into each data element and into the core platform architecture, which means security isn’t solely dependent on perimeter solutions and application-level security features. Because ownership rules are built into each data element, someone who is not an owner (or is explicitly permissioned by a Consent Contract) is simply unable to view the data. In addition, the platform’s decentralized design keeps data constantly in motion, increasing resistance to single-node and multi-node cyber attacks.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
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BurstIQcorpdev
on 12/09/2017, 04:11:41 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
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BurstIQcorpdev
on 12/09/2017, 03:49:54 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 12/09/2017, 03:22:21 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 11/09/2017, 19:08:35 UTC
Quote
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
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BurstIQcorpdev
on 11/09/2017, 15:20:54 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 07/09/2017, 15:29:49 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 06/09/2017, 18:29:45 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 05/09/2017, 22:53:23 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 05/09/2017, 22:45:26 UTC
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.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
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BurstIQcorpdev
on 30/08/2017, 21:13:56 UTC
Is this project still ongoing? Huh

I can read that it's on private sale
also I cannot find a translation spreadsheet to find the translated languages of the announcement

Yes, we are definitely still ongoing. You are correct; it is currently in private presale. If you are looking to make a larger purchase, just email us at info@burstiq.com and we'll provide you with all the details. We will also be issuing a press release this week with dates for the public sale, and we will post that information on this thread.

Regarding the translation spreadsheet, here is the link to the spreadsheet:
https://docs.google.com/spreadsheets/d/13HIphIM0EDZ0-Cn3mB7DtOxx2P7qkYx8M_RB0Gaz2ik/edit?usp=sharing

If you would like to sign up for the translation bounty, here is the link to do that:
https://docs.google.com/forms/d/e/1FAIpQLScvz05uSiM3xj2JqyBVydTDx4cLXz_W8ZefphZW26SU_nD2zA/viewform?usp=sf_link
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
by
BurstIQcorpdev
on 25/08/2017, 20:55:13 UTC
I commented earlier on how this can be a great idea but I was thinking more about this project and realized how beneficial it is to have a practitioner to patient approach when it comes to identifying things like family history of a certain disease or other health concerns that could go unrealized by a potential patient. This can make pharma companies' marketing efforts both more targeted and more helpful, resulting in better care and health for a patient.

Great idea with such an open ecosystem and consolidating different areas

Thanks, bitcoinjames6. We completely agree about the benefits to both patient care and pharmaceutical R&D and marketing. We believe that data access and integration can enhance patient care and innovation in a myriad of ways - many of which we have yet to conceive of. The platform's machine learning capability allows providers, researchers, and digital health companies to find hidden correlations between seemingly unrelated things - and then use those connections to provide better care, new treatments and smarter products.

When I think about all the ways it could be used, it kind of makes my head explode.
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Re: [ANN] BurstIQ (BIQ)💚 💢 💚 ▐ A Marketplace for Health Data & Services▐ 💚 💢 💚
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BurstIQcorpdev
on 23/08/2017, 20:57:57 UTC

I find it an awesome idea too. Read the whitepaper and I'd be very keen on testing this out.

However I'm not US based so I wonder at launch how it will work, will it be available to US people only?

Thanks, coin@coin. We think it’s pretty awesome, too. The consumer-facing product will definitely be available to people outside the US. However, there may be rules or regulations in other countries that would impact certain functionality. For example, some countries have specific rules about how telemedicine can be used, and that would impact how users engage with telemedicine services on the platform. We are working with legal counsel to make sure the consumer product complies with all rules and regulations - both in the US and in other countries.

In Russia recently have been adopted a law regulating telemedicine. So it is now allowed in our country. Are you going to provide services in Russia? How do you see your steps for entering the market as we have several players here

Yes, we expect that the consumer product will be available in Russia. But just to be clear, the platform enables an ecosystem and marketplace where companies can offer products and services to consumers and other companies. We are not expecting to be a telemedicine provider ourselves. Instead, our goal is to enable many different telemedicine companies to use the platform to connect with consumers, insurers, health systems, employers, wellness plan providers and other players so that they can offer products and services directly to them.