Welshare Health price

WEL

#9635

The Welshare platform empowers individuals to contribute to medical research while earning rewards and accessing personalized health offers.

The platform includes a decentralized app, which enables users to select what data they share, earn reward points and receive personalized healthcare suggestions. The platform also includes a portal for researchers to view and engage with the data that has been shared with them, for example for monitoring of clinical trial recruitment.

The app is connected to the smart contract that governs: 1. Data access management 2. Payment processing

Problems that Welshare is addressing in Healthcare

Traditional medical research faces significant challenges, including slow research cycles and limited access to diverse datasets. In particular, the cost of delay of a clinical trial recruitment by just a single day can be $55 million. Furthermore, the cost of lack of patient behavior insights costs $1.7 billion every single day. At the same time, individuals have little control over how their health data is used, and often do not benefit directly from participating in research studies.

How Welshare is solving these problems by combining DeSci (Decentralized Science) and AI

For Patients: 1. Willingness to Share: This platform enables people who want to share their data to contribute to medical research. 2. Monetary Value: By rewarding users for sharing their data and participating in research studies, Welshare Health aligns incentives between users and researchers, encouraging active engagement and fostering the notion of ownership over one's health data. 3. Personalized Healthcare: Through AI-driven analytics, Welshare Health generates personalized insights, recommendations, and interventions aimed at optimizing health outcomes and enhancing quality of life. Whether it's personalized treatment plans, lifestyle recommendations or preventive care strategies, Welshare Health empowers users to take proactive control of their health.

For Medical Research: 1. Clinical Trial Recruitment: Welshare Health streamlines the clinical trial recruitment process by providing researchers with access to a diverse and engaged user base. By leveraging blockchain technology and smart contracts, Welshare Health facilitates secure data sharing, enabling researchers to identify eligible participants, recruit them for clinical trials, and monitor their progress in real time. By reducing recruitment costs, accelerating trial timelines, and improving participant retention rates, Welshare Health enhances the efficiency and effectiveness of clinical research, ultimately speeding up the development and approval of new medical treatments and therapies. 2. Patient Behavior Insights: Welshare Health offers researchers valuable insights into patient behavior through the analysis of anonymized health data provided by users. By tracking health-related behaviors, lifestyle factors, and treatment patterns, Welshare Health provides researchers with a deeper understanding of patient preferences, motivations, and barriers to engagement. This insight enables researchers to design more effective interventions, tailor communication strategies, and optimize healthcare delivery models to better meet the needs of patients. By leveraging these behavioral insights, Welshare Health drives innovation in patient-centered care and contributes to the development of more personalized and effective healthcare solutions.