- ICONLOOP just announced the launch of the beta version of Lifelong Healthy Life, a disease prediction service.
- The service runs on the blockchain developed in collaboration with LifeSimantics Co., and Kyobo Life Insurance Co.
- The project is looking to implement an empirical model that combines digital healthcare and blockchain data authentication technology.
In a recent Medium post, ICONLOOP announced the beta version launch of their Lifelong Healthy Life service. The disease prediction service runs on top of the blockchain, developed in partnership with LifeSimantics Co., a distinguished digital health company and Korea’s biggest life insurance company, Kyobo Life Insurance Co.
Launching a Revolutionary Service
The Lifelong Healthy Life service works by utilising disease prediction algorithms based on pre-health check and health care data in order to forecast disease risk over a 3-year period.
The service also aims to provide a comparative analysis of insurance coverage versus actual risk data from the insurance providers. In addition, the project is also looking to implement an empirical model combining blockchain data authentication technology and digital healthcare.
Unlike the current insurance coverage analysis system, Lifelong Healthy Life service will offer insurance products based on forecasts of future risks as opposed to the current insurance subscription data. This is done in order to offer a more affordable and reasonable health care option for customers.
Furthermore, insurance holders are also given the option to manage and access their insurance and health data in alignment with the Personal Information Protection Regulations (GDPR). Once health examination records have been passed to the blockchain-based authentication system, it is made immutable.
Blockchain Authentication System
Lifelong Health Life’s blockchain authentication system is built based on ‘loopchain,’ a blockchain engine that can be customised from engine to application. This allows differentiated permission settings across participating nodes to respond to different compliance and tasks.
The CEO of ICONLOOP, J.H. Kim shared their plan to expand their blockchain authentication system so InsureTech businesses that are based on disease prediction data infrastructure can be operated safely and derived services are released on schedule. He concluded:
“We aim to hyperconnect with the heterogeneous blockchains through the ICON smart contract base while keeping operating system tests and verification processes to expand the scope to first-class medical data management.”
