Life bank chainPrice

(LBC)

Life Bank Chain (LBC) is a Web3 project that aims to revolutionize the management and sharing of gene and stem cell data. The project utilizes blockchain technology to create a secure, decentralized, and transparent platform for health data. The primary mission of Life Bank Chain is to improve global health outcomes through advancements in genomics and cell research. It seeks to establish a comprehensive, global hub for human genome and cell data by enabling decentralized storage. This platform is designed to facilitate the sharing of health information while prioritizing the security and privacy of data owners, thereby removing existing barriers between hospitals, pharmaceutical research and development institutions, doctors, patients, and individuals. A core feature of the LBC ecosystem is that individuals retain complete ownership and control over their health data, meaning it cannot be altered without their explicit consent. The project implements a trading mechanism where medical and health institutions can obtain permission from data owners and compensate them with LBC tokens to access their data, encouraging users to share their information for research and medical applications. Life Bank Chain's technological infrastructure stores health data on decentralized distributed nodes, ensuring that all data and transactions within the blockchain network are encrypted and traceable. The project advocates for "blockchain as a service," offering smart contracts, a distributed bookkeeping function to enhance trust, and computational processing functions to coordinate resources for gene and stem cell data analysis. The LBC token itself is a utility token, built on the Ethereum ERC-20 protocol. It is integral to the Life Bank Chain ecosystem, enabling secure transactions for genetic services, incentivizing data contributions, and facilitating decentralized governance. Token holders can participate in the LBC Life Alliance, a body that votes on key research initiatives and ecosystem developments. Users are also rewarded with LBC tokens for contributing anonymized genetic data to further research, supporting a Decentralized Science (DeSci) model. Originating from Israel, Life Bank Chain focuses on the research and development of genetics and cytology, aiming to expand the innovative applications of these fields in clinical treatments. The project seeks to bridge the gap between laboratory research and real-world clinical applications, particularly for conditions like cancer and chronic diseases. Learn more

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