Welshare Health, a leader in the DeSci (Decentralized Science) space, is building the first decentralized application that empowers individuals to participate in AI-driven medical research. The app, built on Base, allows patients to control their health data and contribute to medical studies in a personalized way. Welshare Health believes the app has the potential to revolutionize how medical research is conducted and healthcare is delivered.

Welshare Health launched the initial closed beta version of the dApp in May 2024. The application uses DeSci to leverage the combined power of AI-driven medical research and Web3 technologies. Decentralized Science is an emerging field that uses blockchain and other decentralized technologies to make scientific research more accessible. While the app is still in closed beta testing, prospective users can join the waiting list for early access.

Welshare Health believes traditional medical research is slow and faces significant challenges due to limited access to diverse datasets. It’s estimated that medical research companies spend up to $600 billion annually on data silos due to outdated clinical trial recruitment and the lack of patient behavior insights. Meanwhile, patients have limited control over how companies use their health data, resulting in minimal benefits from participating in research studies.

The Welshare Health application eliminates intermediaries and connects patients directly with medical research. This allows individuals to control their health data and helps medical research organizations address the $600 billion health data market problem. The company leverages Web3 technologies, such as blockchain-based smart contracts, to secure data processing, ownership, and monetization while maintaining privacy.

The app will initially focus on diabetes research, connecting users to research initiatives through the company’s partners in diabetes patient advocacy groups. However, the developers encourage individuals to sign up and complete a medical questionnaire even if they don’t have diabetes. Their data will help expand the app’s database as it moves into other therapeutic areas.

The Welshare Health team recognizes the challenges faced by individuals living with type 1 diabetes (T1D), including non-personalized AID systems. This issue hinders effective management of the diverse physiological and lifestyle factors influencing blood glucose dynamics, leading to frustration, anxiety, and increased burden of disease management.

Welshare Health aims to address these issues by integrating AI to develop hyper-personalized algorithms capable of revolutionizing AID technology. These algorithms would personalize insulin delivery, implement predictive analytics, leverage adaptive learning, and integrate other components, such as wearables, of the broader digital health ecosystem.

Welshare Health combines DeSci and AI within its app to transform patients’ lives and empower them to take control of their medical issues. In the app’s dynamic ecosystem, individuals become active participants in medical research rather than passive data contributors. The app uses decentralized governance mechanisms and smart contracts to incentivize users to share their data ethically and responsibly, ensuring a fair and equitable distribution of rewards.

About Welshare Health

Welshare Health boasts a strong network in both the pharmaceutical and Web3 sectors. The company combines traditional healthcare expertise with cutting-edge decentralized technology to provide a unique application connecting individuals with the future of medical research. The app’s AI-driven insights empower users to make informed decisions about their health. This approach promotes proactive engagement in preventive care and disease management.

The team comprises healthcare experts with over a decade of experience in top-10 Pharmaceutical and hospital institutions, including Sanofi and Charité. Other members of the Welshare Health team include blockchain experts, mobile app developers, advisors in business development and marketing, and technical and patient community leaders. According to the , together they share the vision of “a world where everyone can actively participate in advancing medical knowledge and improving healthcare outcomes.”

You can learn more about Welshare Health and stay up-to-date with its developments here: | | | 

CONTACT: Jock Schulz

info at welshare.health