BurstIQ, the leading provider of blockchain-based data exchange solutions, announced today that the company has entered into a research collaboration agreement with The National Center for Advancing Translational Sciences (NCATS).
At the National Institutes of Health (NIH) to address the protection of intellectual property associated with NCATS' work on translational science.
The collaboration focuses on development of artificial intelligence/machine learning models for modulating investigators' data access within collaborative research environments. The segmentation, encryption, and secure storage of chemical information happens seamlessly and data access is enforced with minimal manual intervention and management. The technology enables evidence-based synthesis route design with the help of electronic laboratory notebooks (eLNs) while protecting IP-sensitive chemical information of active research projects.
The collaboration leverages BurstIQ's groundbreaking blockchain-based secure data exchange platform, which allows governments and organizations to manage the ownership and sharing of sensitive data using dynamic consent and multi-level governance. The platform combines blockchain, best-in-class data security, and orchestration, allowing organizations to build and manage secure data networks in which highly sensitive data can be seamlessly contributed, verified and shared with ownership, governance, and automation built in.
The initial project will integrate BurstIQ's blockchain platform with NCATS/NIH's computational infrastructure that is designed to streamline the translational research process so that new treatments and cures for disease can be delivered to patients faster.
"For research communities, the ability to maintain intellectual property ownership is critical," says Frank Ricotta, CEO of BurstIQ. "In the past, this has been a barrier to collaborative research. This collaboration with NCATS is designed break down this barrier and make it possible for researchers to share ideas and information with each other confidently, which will truly accelerate the pace of discovery."