Data Lake is a pioneering crypto project leveraging blockchain technology to address a significant problem in medical science - the scarcity of access to high-quality medical data. Through the establishment of a global medical data donation program, Data Lake offers a unique, tokenised solution powered by web3 technologies.
Consent Verification and Blockchain
Central to the Data Lake system is the use of blockchain technology to record and verify the consent of donors. This critical feature ensures that donated data is only utilised with explicit permission, a fact recorded immutably on the blockchain. Running on the Polygon chain - an ETH L2 chain renowned for low fees, fast transactions, and superior scalability - Data Lake's consent system represents a step forward in secure, ethical data usage.
The $LAKE Token
Fueling the Data Lake ecosystem is the $LAKE token, an ERC20 token residing on the Ethereum chain. Serving as an entry ticket for participation, $LAKE also powers donor rewards and serves a plethora of other utility functions. In bridging the gap between medical science and quality data, $LAKE is indicative of the transformative potential of blockchain technology.
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