WuXi NextCODE Launches Blockchain Enabled Big Health Data Bank - LifeCODE.ai

Monday, July 2, 2018 General News
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SHANGHAI, CAMBRIDGE, Mass. and REYKJAVIK, Iceland, July 2, 2018

/PRNewswire/ -- WuXi  NextCODE, the emerging global platform for genomic data, unveiled the world's first blockchain-enabled health databank -- LifeCODE.ai -- at the 2018 TechCrunch Summit in Hangzhou, China.
Also unveiled was the user mobile application -- LaiYin Tribe -- on both Apple app store and Android platform. The LifeCODE.ai data bank innovatively applies blockchain technology to solve the legality and effectiveness of large scale health data collection. It protects individual privacy and creates data sharing value, truly realizes the property rights and asset of large health data.

Dr. Chen Gang, co-founder and Chief Technology Officer of WeGene, the leading personal genome service company in China; Dr. Shi YaoZhou, Chief Operating Officer of SinoTech, a precision medicine integrated solution company; and the former Director of the Shanghai First Maternal and Infant Health Hospital, the founder of Spring Field Hospital Management, Professor Duan Tao, all attended the product launch of LifeCODE.ai data bank.

"LifeCODE.ai data bank uses blockchain and big data technology to bridge gaps between user health data and research institutions to provide optimal health data matching and analysis," added Mr. Rob Brainin, CEO of WuXi NextCODE. "We will also integrate more health service partners and individual users into the LifeCODE.ai ecosystem, to fully realize the data value and drive development in the larger healthcare industry."

"Individual health data is an asset that belongs to individual. WuXi NextCODE is always committed to providing superior technology and capability support for the pharmaceutical and health industry," said Mr. John Gu, Chief Digital Officer of WuXi NextCODE, "LifeCODE.ai data bank is a major breakthrough in applying blockchain concept and technology in the field of health data management. It helps everyone securely and effectively manage and use their health data and benefit from it. We will continue to focus on technology evolution and explore the business applications of cutting-edge technologies such as blockchain."

LifeCODE.ai data bank is designed for both individual and enterprise users. After anonymized, the user data is encrypted and stored multiple times, ensuring that data is secure and cannot be accessed without user specific authorization. Each time the data is manipulated, it will be recorded in a non-tamperable blockchain, allowing users to trace and control data security at any time.

About WuXi NextCODE

WuXi NextCODE is a fully integrated contract genomics organization (CGO) building the global standard platform for genomic data. With offices in Shanghai; Kendall Square in Cambridge, Massachusetts; and Reykjavik, Iceland, we serve the leading population genomics, precision medicine, diagnostics and wellness initiatives and enterprises using the genome to improve health around the world. Our capabilities span study design, sequencing, secondary analysis, storage, interpretation, scalable analytics, and AI and deep learning - all backed by the most proven and widely used technology for organizing, mining and sharing genome sequence data. Visit us on the web at wuxinextcode.com.

Cision View original content:http://www.prnewswire.com/news-releases/wuxi-nextcode-launches-blockchain-enabled-big-health-data-bank---lifecodeai-300675209.html

SOURCE WuXi NextCODE



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