Skychain News: ICO, Neural Network Development, Short-Term Plans, and More
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Skychain’s ICO was held from February 26 to April 8, 2018. In total, 10.3 million tokens have been sold at an average price of $1.05. Though Bitcoin and other major cryptocurrencies slumped in March, Skychain has successfully reached the soft cap, and then sold some more. When the ICO was over, the project team got 2 million tokens (which will be locked up for 2 years). The total capitalization of the project is SKCH 12.3 million. All the unsold tokens have been burned.
What does the project team do?
The Skychain project team is currently developing a few neural networks to diagnose different diseases:
- A neural network to analyze magnetic resonance (MRI), computer tomography (CT), and X-ray images for cancer and other disease diagnostics.
Dmitry Musinov, one of its developers, says that even highly experienced doctors may have a hard time trying to make a diagnosis by looking at X-ray images. Skychain programmers have analyzed a few modern approaches to the problem and selected the most effective algorithm, which had been developed at Stanford University. Then they modified the neural network design by adding more layers. To speed up the deep learning process, they pre-processed the medical data to be used to train the neural network to detect diseases by analyzing X-ray images.
Their neural network can already recognize the following abnormalities: atelectasis, cardiomegaly, effusion, infiltration, tumor-like mass, nodules, pneumonia, pneumothorax, consolidation, edema, emphysema, fibrosis, pleural thickening, and hernia. The average accuracy of diagnosis of these medical conditions is 82 percent.
- A neural network to analyze tissue sample images for cancer differential diagnostics.
Before prescribing cancer treatment, the doctor needs to know the histological type of the malignant tumor. Both the choice of drugs to be used for the treatment and the prognosis will depend on that type. For example, there are several histological types of lung cancer, each of which has its own specifics and its own response to treatment.
- A neural network to analyze electrocardiograms (ECG) for heart disease diagnostics.
Cardiovascular diseases are the leading cause of death worldwide. Sometimes the doctor is unable to recognize a heart disease based on a single medical examination, so the patient has to wear a cardiac monitor for a few weeks until a sufficient amount of data is accumulated. It takes a lot of time to analyze all of that data manually, which can be a matter of life and death for the patient. Thankfully, our neural network can recognize abnormalities almost instantly and much more accurately than a flesh-and-blood doctor.
If everything goes as planned, the Skychain project team will also develop a neural network for skin disease diagnostics.
The development of these neural networks will be completed in the fall of 2018.
The project team
Skychain has expanded its project team. Now seven programmers work on the project, and more will be added soon enough.
The majority of Skychain developers will be based in Moscow (Russia), and some developers will work in Yekaterinburg (Russia).
The Skychain founder Gennady Popov says that they are going to bring their system to the market as soon as possible; to earn reputation and draw more participants, they will focus on the real needs of potential users.
Some major health facilities in Moscow have agreed to begin testing Skychain’s neural networks and actually using them to diagnose diseases this summer.
According to Skychain’s preliminary estimates, it is highly possible that the project will break even in late 2018 or in early 2019.
The healthcare AI market capitalization grows steadily from year to year. Many health facilities will be able to reduce their costs by using Skychain. Thanks to the easy availability of its technology, in the long term, it will generate a tidy profit for its infrastructure participants and help improve the quality of medical care for the general public.
Listing SKCH on cryptocurrency exchanges
SKCH is already listed on IDEX: https://idex.market/eth/skch
Skychain website: https://skychain.global/