Government of Austria Supports Blockchain Cancer Research Tool

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The Austrian government is supporting Lancor Scientific, a cancer research company from the UK. Lancor Scientific uses blockchain technology to detect the disease.

The company developed a device able to detect multiple types of cancer and then register the results on blockchain, using smart contracts. Lancor Scientific aims for 90% accuracy of its tool, which is similar to the Lymph Node Assistant by Google.

Lancor Scientific plans to open a research lab in Graz, a city which is a home of the Technical University of Graz and the Medical University of Graz. Lancor Scientific will work with both of the schools.

Margarete Schramböck, Austria’s minister of foreign affairs expressed that “Blockchain is definitely one of the new important technologies,” and continued:

“In addition to Artificial Intelligence and Speech Recognition, it is one of the big issues we want to highlight in the coming period of the EU Presidency.”

Lancor Scientific will receive grants for five years of “research equipment, access to academic expertise and clinical trials management.”.

We’ve seen more and more interesting blockchain use cases recently. We’re happy to see it being applied in a way that may potentially save many lives all around the world.

 

Images courtesy of Shutterstock.com

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