Fuel Entrepreneurship: Jack Liu, the Founder and CEO of ALLIVE, at the Demo China Autumn Summit 2018
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The 2018 Demo China Autumn Summit took place in Hangzhou on September 8. Hosted by CYZONE and the Hangzhou Municipal Government, Demo China is China’s biggest high-tech demo day. This year’s event was attended by over 2000 investors, more than 200 media partners and channels, and over 3000 startup companies.
Mr. Jack Liu, the founder and CEO of ALLIVE, the intelligent healthcare blockchain ecosystem, also attended the event as a keynote speaker and judge, and he presided over the healthcare session.
During his keynote address, Mr. Liu shared his thoughts on the growing number of applications and investment opportunities for blockchain technology in the healthcare industry. Using Gartner’s Hype Cycles to provide a graphical representation of the life cycle stages that technology goes through from conception to maturity and widespread adoption, Mr. Liu broke down the growth and adoption of blockchain technology, all the way from Blockchain 1.0 (represented by digital currencies) to Blockchain 3.0 (represented by blockchain industries). Mr. Liu emphasized the fact that the underlying logic of multi-party trust and data confirmation has remained unchanged throughout the growth cycle of blockchain. Because of this, there is a great deal of potential for blockchain technology to protect data privacy and deliver business processes that are more democratic, secure, transparent, and efficient.
Citing the distrust that often exists between different parties involved in trade as a hindrance to the speed and efficiency of traditional business models, Mr. Liu made a strong case for blockchain technology as the solution to these problems thanks to its in-built transparency and tamper-proof protocols. By leveraging blockchain technology, all of the many different and competing agencies that operate in different business activities and capacities are replaced by algorithms and computer functions, lowering the cost of doing business to the point that marginal costs are effectively driven to zero. Blockchain-based business models infinitely expand the potential of business activities, and we can now build a new, decentralized, one-stop services provider that combines health services, medical services, drug discovery, drug traceability, mutual medical insurance, and health consumption in one cohesive and tight-knit ecosystem.
Nowadays, healthcare industry suffers from a wide range of problems. While there is still high demand for the services provided by the healthcare providers, quality medical resources are very often concentrated in the hands of a few major hospitals. A lack of reliable diagnosis tools, combined with the high patient turnover typically seen at healthcare institutions, greatly overburdens healthcare staff, ultimately leading to lower-quality health outcomes. Furthermore, healthcare data – in part because of its sensitive nature, and in part because of the type of data that it uses –is often isolated in silos and is nontransparent and messy.
Today’s healthcare systems lag far behind the rest of the world in terms of data collection, storage, and transfer, and healthcare infrastructures have typically relied on old, legacy approaches and processes rather than adopting new ways of doing things. An additional layer of complexity is also added to the mix due to the centralized storage owned by medical institutions such as hospitals. These types of centralized storage models mean most individuals have no or very limited control over their own personal health data. Although it should be obvious, not enough people realize the truth: centralized storage silos can put data security and privacy at risk, and individuals should have control of their own data profiles.
These are the problems that Mr. Liu and the team at ALLIVE are trying to solve. ALLIVE, as an innovative and pioneering intelligent healthcare ecosystem based on blockchain technology, aims to provide equitable, shareable, visible, and transparent information services to patients, doctors, and hospitals.
How will it do this? Via three integrated health service modules: Olife, Olivia, and Oleaf.
Olife is an encrypted, comprehensive, and self-perfecting health profile for individuals. Because it exists throughout the distributed health data network, it breaks across data silos and allows healthcare providers to transition from evidence-based medicine to personalized healthcare. Olife not only helps patients know themselves better, but it helps doctors to know their patients better as well.
Olivia combines digital technology such as machine learning algorithms (Natural Language Processing-NLP) with medical databanks to create a medical knowledge map, thereby qualifying Olivia as a major-hospital-qualified AI doctor. Olivia can provide specific health and illness information to specific patients and can even tailor its responses to unique scenarios. As an example, Olivia can provide diabetic patients with health-related information whenever they need it, and it will also provide them with customized reminders, such as which foods are suitable for diabetic people to have while traveling, or how to remain properly hydrated throughout the day.
Oleaf is a healthy lifestyle ecosystem that integrates full-progress healthcare services in a decentralized fashion. Some of the services that it provides include general health management, doctor’s appointments, prescription filling, and insurance processing. It operates as an on-chain hosting service for DAPPs, complete with computer resources, bandwidth, IPFS file storage, big data analysis, and artificial intelligence technology – all of the services and features required by the next generation of healthcare delivery.
Mr. Liu was also invited to judge the healthcare session of the summit and was given the honor of awarding the winner of the session with a promotion certificate to the next round.
The summit was successfully concluded at the InterContinental Hangzhou on September 8 and was a testament to the innovation and passion of Chinese entrepreneurs.
About Demo China
Demo China was introduced to China in 2006 as an offshoot of the US DEMO event. Since its debut in Beijing over a decade ago, it is now the biggest demo day in China.
Demo China serves as a bridge between high-potential start-ups, promising Chinese entrepreneurs, and the highest-quality capital, and it has attracted over 1,500 investors, including Xiaoge Xiong, Xiaoping Xu, Nanpeng Shen, Yan Yan, Feng Deng, and Jack Liu. As of 2017, Demo China has registered more than 30,000 cumulative projects and has helped companies to raise more than 10 billion yuan.
ALLIVE is an intelligent healthcare ecosystem based on blockchain technology. Comprised of three modules, it builds a self-perfecting profile of an individual’s healthcare data using Olife, acts as an artificial intelligent general doctor using Olivia, and creates a comprehensive healthcare services system using Oleaf. Learn more by visiting www.allive.io.
Disclosure: ALLIVE paid 2.47 ETH for this press release.
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