- July 30, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Immunify.Life leverages fast, secure, and cost-effective Cardano Blockchain to revamp patient data collection and provision
Infections and diseases kill millions of people around the world every year, but ineffective healthcare processes and policies have a significant negative impact on patient outcomes as well. From relapsed patients and delays in providing care to inaccurate patient data and misaligned incentives between different players in the healthcare space, the status quo is in serious need of redesign. With the security, reliability, privacy, and cost-effectiveness of blockchain technology, Immunify.Life is a transformative app that is tackling these challenges head-on. Read on below to learn more about how the Immunify.Life project is poised to become the high-impact health app the world needs today.
Understanding the Global Healthcare Landscape
According to official reports, HIV has been the world’s biggest infectious disease killer for the last 10 years. About half of all donor funding in the healthcare space is for HIV. However, other health issues can be just as deadly. For example, opioid addiction costs the United States $1 trillion every year, and over 91% of those in recovery are expected to experience a relapse. Also, about 250,000 people are killed in the United States alone because of medical mistakes, including data- and procedure-related errors. Over six million people have been killed around the world by the COVID pandemic, yet vaccination rates in many localities remain low. Fake vaccines and certificates are also widespread, and new strains that originate from the unvaccinated can be even more deadly.
Even though the global vaccination rate for COVID is about 65%, it is as low as 10% in some African countries, and Sub-Saharan Africa is already inundated with more than its fair share of other health challenges. For example, Kenya has the 3rd-highest burden of HIV patients in the world, and 30% of HIV-positive adult patients and 40% of HIV-positive child patients in the country do not take their life-saving medicines.
These facts paint a stark picture of the challenges facing the global healthcare space. Data sharing and collaboration are fragmented; patients often have no incentive to receive treatments that are otherwise available to them; fraud and corruption can seriously hinder health care efforts in different regions; and a lack of education – for patients, caregivers, and policymakers – can also lead to suboptimal health outcomes.
The Immunify Ecosystem
The Immunify.Life healthcare ecosystem was designed from the ground up to combat these challenges.
Blockchain technology has been proven to be a revolutionary new technology that can secure data, ensure data privacy, and gather and provision accurate data for those who need it in near-real time. Furthermore, by combining blockchain-based token rewards into healthcare workflows, we can design systems and work on opportunities that can drastically improve healthcare processes while lowering costs, ensuring engagement, and ensuring that all relevant data is accurate and reliable – a critical component of understanding disease, infections, and unique patient histories so that care can be provisioned as optimally as possible.
The Immunify.Life ecosystem is comprised of three key elements. The first is a doctor’s app for capturing real-time patient data. The second is a patient’s app for KYC and receiving token rewards for completing or conforming to treatment regimens. The third is the IMM token rewards system that uses smart tokenomics and incentives to improve patient behaviors while allowing for data sampling that can drive decision-making.
The application is fully developed and ready to deploy and has been built in collaboration with Hexaware, a billion-dollar tech company.
Real-World Applications and Use Cases
In August, Immunify. Life will initiate a scientific study to demonstrate how IMM tokens can be used to get lapsed patients back on their treatments. The study is being conducted in conjunction with the Masinde Muliro University of Science and Technology (MMUST), the premier science, technology, and innovation university in Kenya. During the study, the Immunify.Life app will be used to facilitate data capture and data consolidation to evaluate the impact of token rewards on the adherence rates of previously lapsed patients. The ultimate goal is to empower patients, communities, and entire countries because HIV-positive patients will be incentivized to follow their prescribed treatments thanks to Immunify crypto token rewards that they receive via their mobile phones. These tokens can be redeemed for local currency through the Immunify.Life patient app.
This study will look closely at the correlation between incentives in the form of IMM tokens and the use of paperless systems on HIV treatment outcomes in Kakamega County, Kenya, which is where MMUST operates its largest campus.
Immunify.Life is also working with SOH, a New Mexico-based organization to trial rehab programs that dramatically reduce relapse rates in opioid patients. The Immunify.Life team also field tested the platform’s technology in Cameroon in 2021 and has received regulatory approval for the trial of providing vaccination certificates in three clinics in Zambia. Immunify.Life is also in discussion with Konkola Copper Mines Plc (KCM), one of the world’s largest copper mining companies, to roll out its platform for its employees.
The Opportunity
The opportunity here is not just for transforming the global healthcare space, reducing inefficiencies, and saving lives. For VCs, partners, and even retail investors, Immunify.Life is a gem in the ongoing bear market because it is a real project with real-world traction in Kenya, Zambia, and the United States. Many crypto projects are built on hype and speculation but Immunify.Life is built on real-world value. The addressable market for this opportunity is also immense since the cost of the world’s global health issues (including but not limited to treatments for HIV, opioid addiction, and COVID) is in the trillions of dollars. There is also the strong potential of the IMM utility token as a long-term investment opportunity that should not be overlooked by interested parties and partners.
For NGOs, Immunify.Life is also a remarkable opportunity because the platform is a worthy health partner and provides a new way to address the world’s most challenging issues obstructing the effective provision of healthcare in emerging countries. It can deliver real-time granular data and uses an innovative token-based incentive system to drive positive behavior changes and can become the blueprint for campaign and policy rollouts in the countries and localities that need this change the most.
Under the Hood
The platform’s partners – Cardano and World Mobile – are forming Layer 0 of this real-world (real-fi) movement, while Immunify.Life will be a foundational Layer 1 app. A real-life utility layer comprised of medical records, points, and currency sits atop the base layer. Layer 1 apps on Cardano will increase the adoption of both the blockchain and digital identity solutions, and successful Layer 1 apps such as Immunify.Life will be the reason people adopt such tech and access it (in the case of Immunify.Life, this will be via the World Mobile phone).
Using the Cardano blockchain, Immunify.Life will provide fast transaction speeds, low transaction costs, and will have low energy costs thanks to Cardano’s proof-of-stake consensus protocol. Furthermore, with globally recognized partners such as MMUST, SOH, AMPATH, which is a US-funded NGO focused on HIV initiatives, as well as State of the Heart, which is a foundation working in the opioids space, and Flutterwave and Flux, which are fiat gateways for redeeming rewards in 33 countries and boast $2 billion in annual transactions, Immunify.Life has the infrastructure, technology, onboarding, and user-friendly apps in place to generate traction and start on the long road toward healthcare improvement around the world.
There is a tangible, real-world utility and need for a solution such as Immunify.Life. It is an application that will save lives on a global scale. It is not like most projects that are solely based on the blockchain and operate in the virtual world. Immunify.Life is currently operating in several countries in different global regions, actively working to cover different healthcare problems faced in those regions. Immunify.life is not just an online project but has real-world applications as well.
These opportunities would not be possible without blockchain technology, nor would they be possible without the right strategic partners, advisors, and supporters. With years of relevant industry expertise, a deployment-ready app, and a momentous opportunity, Immunify.Life is perfectly positioned to initiate a healthcare revolution that will save countless lives over the years to come.
