DNAtix: Introducing Blockchain to Healthcare

Drug development is one of the most regulated businesses in the world and it’s rightfully so. There are many benefits to this and most of them core around ensuring consumer safety, but one negative consequence is that drug development can now take over a decade and most small companies cannot cope with this delay because it entails continuous expenditures to the company. As a result, drug development has become largely controlled only by major pharmaceutical firms as they can sustain 10 straight years of expenses before seeing even the first cent of revenue from a new drug.

Most major pharmaceuticals are located in a handful of countries and drug development is heavily reliant on data, which understandably happens to be sourced from subjects within those few countries. As a result, the major focus of drug development is skewed towards optimization of drugs aimed at the citizens of those countries and development prioritizes the cures of diseases that primarily target the citizens of those countries.

This is just one of the problems being faced by the critically important drug development industry. However, ICOs are making it possible for a new project that aims to target this and many other problems present in the drug industry.

DNAtix: The Remedy
DNAtix is targetting the root of the problem that makes drug development controlled by just a small number companies which has incooperated the cost of drugs research and development in the society.

DNAtix is not in anyway challenging regulatory laws but is making it cheaper and more easier to develop drugs by providing an easy channel to data access necessary for drug development.

DNAtix is creating a marketplace where individuals can directly sell their data to pharmaceuticals. The benefits?

DNAtix removes middlemen involved in the data trade of the healthcare industry, greatly reducing costs of drug development. A good news for smaller pharmaceutical industries.

DNAtix ensures individuals are totally in control of their healthcare data, allowing them to decide who sees what and when about their data.

DNAtix leverages blockchain technology to ensure individuals' healthcare data remains secure thus enhances confidentiality in individuals' personal data which is a good tool for healthcare practice.

It creates a channel where access to genomic data becomes easy, thereby ushering an era where medicines can be tailored towards individual needs.

DNAtix is a project that aims to better the state of medical data such that the entire drug development industry can in better ways meet the needs of the world.

For more information, visit:

https://www.dnatix.com/

White paper https://www.dnatix.com/download/White_Paper.pdf

Annthread: https://bitcointalk.org/index.php?topic=4900060

https://t.me/dnatix_bounty

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2040430

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