💡Problems AxonDAO Solves

What hurdles are slowing down scientific progress and how AxonDAO is stepping up to tackle them? Here are three common problems with effective solutions made possible by AxonDAO.

Problem 1

Sensitive health data (which often contains personally identifiable information) is unknowingly harvested and sold to third parties for monetization, with no benefit to the rightful owner of that data. It is estimated that an individual's health data can fetch over $1,500 for its sellers.

The Solution

Ownership of personal health data is enforced through participation in AxonDAO, where blockchain technology and cryptography ensure a safe, secure, and easily verifiable "digital signature." Individuals can choose to sell their valuable health and wellness data to the bidder of their choice, while Web3 and zero-knowledge (zK) technology keep data compliant with HIPAA regulatory mandates.

Problem 2

For the general public, it is difficult to directly participate in health research or influence personal health outcomes without a myriad of doctor visits, complicated referrals, long waiting periods, and endless red tape to access historical health records.

The Solution

AxonDAO addresses these challenges by facilitating direct public engagement in health research, enabling individuals to contribute data and participate in studies without traditional barriers. By leveraging blockchain technology for secure and accessible health records, AxonDAO reduces waiting periods and red tape, empowering individuals to influence their health outcomes more directly and efficiently.

Problem 3

Clinical research is often cumbersome, imprecise, complex, and tedious for everyone involved. The technical and legal difficulties in amassing, storing, and obtaining verified real-world clinical data are significant. Compounding these issues is the absence of standardized methods for the decentralization of personal health and wellness data.

The Solution

Decentralized science, particularly through platforms like AxonDAO, offers a solution by streamlining the collection, storage, and verification of clinical data through blockchain technology. This approach ensures secure and transparent data handling, while also enabling the establishment of universal standards for the decentralization of personal health and wellness information, facilitating easier access and greater control for individuals over their own data.