RE: The Hivechess Tournament is back - Start of Season 14 this Friday!

[stayoutoftherz]

Hmm, the concept is years old, but so far too complex to roll out in practice. Would be great if it works, but there are quite a lot of "ifs" needed in order to be successful.
E.g. you need a meaningful no. of patients, but also sites interested. And also the patients aren´t even in posession of their data, most of those medical data are on hospital servers. Then there is the problem of data privacy, and finally how many users are familiar with handling tokens on the Polygon chain? How many are able to setup wallets,...?
I have seen, it is partly a Polish project, but don´t get biased by that. It is very risky.
But the biggest alert flag for me is that the team is a bunch of handsome, prestigious people but probably with no experience on these data handling issues I mentioned, and finally have you seen the distribution of the LAKE token?
Highly centralized and most is for team and various incentives, for the patients only 7%?

I would advise to buy Bitcoin or Hive rather!

PS: The registration fee isn´t yet there. Normally it takes 10 sec, please recheck urgently!

Comments

[maciejficek]

Okay, so I can explains to some of Your concerns:

• they did research and it seems that 77% of people are ready to share their anonymized medical data for research even for free, they just don't have the possibility now or it is very hard and annoying. The token is to persuade another 23% who dont want to do it for free. Giving crypto wallet address would be optional and old people who are not into crypto, will be able to do it for free or they can give wallet of their younger grandchilds or charity organisations etc. In Poland people who give blood, obtain energy drinks and chocolates. They cannot pay fiat money for medical data, but they can pay crypto. Tokens will be a "reward" just like energy drinks and chocolates.
• they are talking with hospitals and it will work like - patient gives consent, and hospital sends data to Data Lake. No problem with that.
• of course I cannot guarantee that data will be anonymized properly, but when I think about it, I know that medical companies need the biggest amount of data, not personalized data. You don't find a cure for cancer by knowing what is the patient's name or address or job, the only thing they need is as much data as possible and it gives completely nothing to them to have data with personal informations. They will not be interested in paying extra for something they completely dont need. And 99% of people giving that argument are using Facebook, Google, Apple and other software which knows anything about them and they give their data for free and see no problem with that... And data will not be sold to insurance companies and similar ones.
• when it comes to the team, I think they are great. They focus on facts and developing project, not on fluffy marketing and CEX listings. The Founders are attending like 2-3 conferences every week and more important - this is the only project they are working on, they are not running a few simultaneously.

Is 20% too much for the team? I cannot answer that question. But it seems like the project is hiring people who are believing in it, not the ones who only want to earn a lot of money.

[stayoutoftherz]

Well, I have warned you.
The Polish market is for sure not big enough for an international pharma company to use that data. Without a global reach this project won´t attract global companies.

BTW, I still don´t have the registration fee. Please send it ASAP!

[maciejficek]

Sorry, something went wrong with the first withdrawal. Now i withdrew to my acc and sent to You and it is visible already.

The project is not bounded to Polish market :). On last AMA they said they have already advanced talks with hospitals in Germany, Czech Republic, Slovakia, Italy, and a few more countries. It is global project. For non-Europe countries they will probably need more time due to law and other formal stuff, but they want to be worldwide.