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Platform Aiming to Identify Health Problems Using AI Launching Alpha Version Within Weeks

A blockchain-based platform which bills itself as the “future of artificial intelligence (AI) in healthcare” is preparing to launch an alpha version of its infrastructure within weeks.

Skychain believes its diagnostics system – a “distributed open network” of artificial neural networks (or ANNs for short) – can identify conditions in patients and prescribe appropriate treatments in milliseconds, substantially reducing the risk of human error during the crucial diagnosis stage.

By June, the company says early participants including hospitals, medical AI developers and healthcare data providers will have access to a “fully built” ecosystem. It hopes to welcome dozens more participants in the second half of this year – and by the time a beta version is released in December, Skychain believes “more and more neural networks and ready-made datasets” will become available.

Skychain wants all of its plans to be “completely realized” by next summer, when it plans to officially launch – paving the way for it to become “a leader in the medical AI market.” Estimates by IBM indicate this industry could eventually be worth $200 bln, with the company setting the ambitious objective of dominating the sector with a market share of 70 percent.

The financial and human cost of medical errors

According to Skychain, medical errors occur on such a large scale that they have become the third most common cause of death in the US. One example can be found when doctors are analyzing X-ray images – with early cases of lung cancer misdiagnosed in two in three cases. The company claims “there are many hundreds of examples like this” – citing a study which suggests such mistakes cause 250,000 Americans to die prematurely every year.

Of course, this also carries an economic cost – with the Healthcare Financial Management Association estimating that the US economy lost $20.8 bln as a result of misdiagnosis in 2016 alone.

Skychain aspires to reduce the number of premature deaths from medical errors by a staggering 10 mln within a 10-year period – and last year, a prototype which pitted its AI technology against doctors was put to the test.

The results, as yet unverified, indicate that the technology was more effective at diagnosing skin, lung and cardiovascular diseases than some “highly experienced” medical professionals. As reported by Cointelegraph at the time, the company claimed it took just 0.1 seconds on average for its system to identify conditions – considerably faster than the 20 to 30 seconds that doctors needed to come to a conclusion.

Skychain told Cointelegraph: “In real life, medical professionals may get tired or be in low spirits; they may also lack the necessary experience, specialize in a different area, or be biased.

“Each of these factors can have a negative impact on the accuracy of a diagnosis. Moreover, a machine learning system can easily analyze a poorly structured medical history or wade through large amounts of data.”

ICO already concluded

Skychain’s ICO was held from Feb 26 to April 8 – with the company claiming it managed to sell 10.3 mln SKCH tokens despite challenging market conditions brought about by the slump in Bitcoin’s price. Its utility token (SKCH) has now been listed on the LIVECOIN cryptocurrency exchange.

In the months and years to come, the company is confident of solving the problems which is preventing the medical AI market from flourishing. It says Skychain’s infrastructure will make it easier for doctors to access the creations of renowned labs and neural network developers. Likewise, these developers will get the opportunity to securely obtain the data they need to train their networks “inexpensively and fast.”

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Blockchain System Aims to Identify Health Problems Using AI

A new Blockchain platform has seemingly proven that it is possible to for AI to perform more accurate health diagnosis than human doctors, paving the way for a change in the way medical tests are performed.

Skychain is aiming to take the trust placed in human healthcare workers and put it into Artificial Intelligence. According to the company, their diagnostics system has recently been tested and seemed to prove more accurate than real life doctors at spotting conditions in patients (a video of the study is available here). By bringing together healthcare datatsets and programmers to create neural networks, the system was tested on diagnosing melanoma, heart disease and cancer in patients. They claim that the human doctors rate of error in diagnosis was between 18-32%, whereas the Skychain system was only incorrect four to 14 percent of the time.

In addition, the team claims these diagnosis were made in an average of 0.1 seconds by the AI system, and 20-30 seconds by the real doctors. If these results can be proven and verified, there is certainly scope for improving both accuracy and time efficiency in healthcare diagnosis, potentially saving millions of lives worldwide. Beyond diagnostic capabilities, Skychain hopes these supposedly positive results can be repeated with the system being given the ability to discover new diseases and develop new treatments.

How does the system actually work?

Skychain is a project which aims to use Blockchain to train and use AI systems in medical care. Their white paper states that they aim to control 70 percent of the projected $200 bln medical AI market (estimated by IBM), through their ‘distributed open network’ system of artificial neural networks (ANNs), which can diagnose patients and prescribe the relevant treatments. They aim to “provide an opportunity to engineer, teach and host neural networks and provide paid access for independent specialists and organizations.” By using smart contracts, they hope to unite many individual parties (healthcare big data providers, independent AI developers, crypto miners and the consumers – doctors and patients) to create one effective solution.

Developers can submit ready-made ANN templates for doctors to choose from when diagnosing a patient. Once the networks have analyzed the data and returned the diagnosis information to the doctor, the developers and miners who provided the computing power will receive financial remuneration.

Setting up these symbiotic relationships will involve medical institution laboratories with large datasets, looking to set up and train their own neural networks (which can then also be used by others). They can offer these datasets for ANN training by developers. These developers can use a ‘SkyConstructor’ interface, and using a ready-made ANN template can edit it to meet the requirements of the institution once uploaded into Skychain. Once the ANN has completed the learning process, it can be published. Skychain uses the analogy of the wildly popular Uber taxi service: ANN developers are the drivers, doctors and patients the passengers, and the computer and servers of miners the cars.

ICO

The team behind Skychain boast an diverse display of experience. Founder Genendy Popov has over a decade of experience in programming and extensive education in computing, and Chief Technology Officer Ivan Svistunov has vast experience as a software architect within Blockchain.

The Skychain Token Sale has already begun and will run until March 31st  2018, with a total sale of 36 mln Skychain tokens (SCH) available, at one SCH = $1. They will be continuing their roadshow by exhibiting at various conferences around the world, including Blockchain conferences in India and Russia. According to their roadmap, by June 2018 “the Skychain infrastructure is fully built, and early participants connect to it: healthcare data providers, medical AI developers, and hospitals.” They aim to be fully established by June 2019 and become “the leader in the medical AI market.”

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Blockchain-based Artificial Neural Networks To Save Thousands Of Lives From Medical Errors

When we consider quite how far medicine has developed worldwide in the past century, it could be easy to become complacent and assume that we have advanced our treatment methods and capabilities as far as possible. However, a 2016 study revealed some quite shocking statistics regarding healthcare mistakes; namely, that 250,000 US citizens were killed every year from medical errors, such as misdiagnosis or incorrect dosage administration by healthcare professionals. This technically puts it at the third largest killer in the US, behind heart disease and cancer. Estimates of the economic costs of these mistakes reach up to $20.8 bln annually. With human error being one of the main causes of medical mistakes, the healthcare industry is now able to turn to artificial intelligence (AI) for help.

A key player in advancing the use of AI in healthcare is Skychain, a project which aims to use Blockchain to train and use AI systems in medical care. Their white paper states that they aim to control 70 percent of the projected $200 bln medical AI market (estimated by IBM), through their ‘distributed open network’ system of artificial neural networks (ANNs), which can diagnose patients and prescribe the relevant treatments. They aim to “provide an opportunity to engineer, teach and host neural networks and provide paid access for independent specialists and organizations.” By using smart contracts, they hope to unite many individual parties (healthcare big data providers, independent AI developers, crypto miners and the consumers– doctors and patients) to create one effective solution.

Developers can submit ready-made ANN templates for doctors to choose from when diagnosing a patient. Once the networks have analyzed the data and returned the diagnosis information to the doctor, the developers and miners who provided the computing power will receive financial remuneration.

Setting up these symbiotic relationships will involve medical institution laboratories with large datasets, looking to set up and train their own neural networks (which can then also be used by others). They can offer these datasets for ANN training by developers. These developers can use a ‘SkyConstructor’ interface, and using a ready-made ANN template can edit it to meet the requirements of the institution once uploaded into Skychain. Once the ANN has completed the learning process, it can be published. Skychain uses the analogy of the wildly popular Uber taxi service: ANN developers are the drivers, doctors and patients the passengers, and the computer and servers of miners the cars.

Token sale

The ICO will begin on Feb. 26 2018, with a total sale of 36 mln Skychain tokens (SCH) available, at one SCH = $1. They will be continuing their roadshow by exhibiting at various conferences around the world, including Blockchain conferences in India and Russia. According to their roadmap, by June 2018 “the Skychain infrastructure is fully built, and early participants connect to it: healthcare data providers, medical AI developers, and hospitals.” They aim to be fully established by June 2019 and become “the leader in the medical AI market.”

The team behind Skychain boast an impressive display of experience. Founder Genendy Popov has over a decade of experience in programming and extensive education in computing, and Chief Technology Officer Ivan Svistunov has vast experience as a software architect within Blockchain.

Human doctors vs. machines

Skychain claims their mission is to save 10 mln lives from error-related deaths within a decade. Ahead of the full launch, the Skychain team has created a prototype of the system, along with its source code. There is also a video demonstrating the system, for those who wish to learn more.

Skychain also ran a demonstration of their AI diagnostics system on Feb. 20th, comparing it to face-to-face doctors. Both attempted to diagnose melanoma, breast cancer and heart disease, and the team claims that there were instances of higher accuracy with the AI system. The team has provided a video of the demonstration. If the results can be verified this will be an extremely exciting step forward in healthcare diagnostics.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.