Los Angeles, April 7, 2019 - Blocklayer, the company behind the Lydion Data Economic Operating System (Lydion DEOS) that formed in late 2018 from the Lydion Research Alliance, has announced its release of the Lydion DEOS v0.1 to customers in the life sciences, banking, and cryptocurrency sectors.
“We have now implemented Lydion DEOS-based applications for two Fortune 100 companies, with an initial focus on value-based contracting arrangements. One implementation has been for a major pharmaceutical company, and another engagement is with a top technology company expanding into medical devices and technologies. Due to the highly competitive nature of value-based contracting, both companies have asked that their work in this space remain confidential at this juncture,” said Arka Ray, Managing Principal of Blocklayer and one of the original developers of the Lydion DEOS. “Outside of the health sciences, we have a live implementation of a Lydion DEOS v0.1-based DENET for an investment platform linked to cryptocurrencies; our corporate partner in this endeavor is backed by a large banking customer.”
The Lydion DEOS-based platform for Value Based Agreements in health sciences uses fundamental data economic concepts of distributed analytics and distributed contracting to adjudicate complex, “total cost of care” based contracts across multiple data holders or data contributors, including pharma companies, health insurers (“payers”), hospitals and clinics, and in some cases, patients themselves via wearable devices and monitoring technologies. For the banking and cryptocurrency sector, the Lydion DEOS-based application enables secure transactions for cryptocurrency token holders looking to diversify their crypto assets into other types of digital assets including non-crypto Lydion Data Assets.
Beyond these sectors, Blocklayer is expanding the scope of Lydion DEOS-based applications into industrials, looking first to opportunities in metals traceability. Through a partnership with VerdeEn Chemicals and collaborations with the Government of India’s Niti Ayog branch (the public policy think tank of the Government of India), Blocklayer’s next Lydion DEOS-based applications aim to improve traceability of recyclable lead metal, particularly from consumer battery sources, to improve lead sustainability overall, to reduce lead pollution that occurs when lead batteries are lost to traceability and melted or otherwise disposed of improperly, and to increase capture of recyclable lead, thus reducing costs associated with importing lead or transporting lead overseas.
“We’re very excited about implementing Lydion DEOS-based Solutions in the industrial and metal traceability sectors; definitively tracing materials through the value chain is a natural fit for our technology and can simultaneously improve environmental outcomes and reduce costs and inefficiencies in the current system.” said Arka Ray.
Blocklayer LLC was formed in 2018 by the Lydion Research Alliance to develop and commercialize software platforms that enable distributed computing applications via the exchange of Lydion data assets across Data Economic Networks (or DENETs). Blocklayer’s flagship product, the Lydion Data Economic Operating System (Lydion DEOS) v0.1 is utilized globally by customers in the life sciences, banking, and cryptocurrency sectors.
About the Lydion DEOS:
The Lydion® Data Economics Operating System is the Operating System for Web3.
The Lydion® DEOS is a middleware engine used to develop distributed,decentralized applications and application platforms. By capturing energy spent in completing real-world work, The Lydion® DEOS mints digital assets called Lydions that can be utilized, shared, and transacted using secure, private Lydion Data Vaults and Networks (DENETs).
Current Lydion Engine-based applications target a combined $350B addressable market across the Health Sciences, Agriculture, Climate, Industrials, Fintech, Personal Data, Gaming, and Education sectors.