Is There a Role For “Mining” In the Field of Medical Research?

Can mining contribute to the development of medical technology and pharmaceutical research? In fact, this is quite realistic. It is possible to increase one's well-being by combining scientific research with blockchain technology in biochemical and pharmaceutical spheres. Schemes related to "medical mining" are becoming increasingly common in American and European Universities as well as in research centers.

Projects are already in operation that focus on speeding up the computation process by searching through permissible variants and recording the results on blockchain. These results are then formalized via smart contracts and presented to pharmaceutical and biochemical companies, which in turn can choose from the various options. If the results of the development are interesting, users receive compensation in the form of project tokens, but if not, after 12 months, the smart contract is automatically unlocked and the project results fall into the public domain.

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Medical mining", or the computing power of millions of computers around the world contributes to the commercial goals of miners, to realize useful and even critical objectives. A miner’s computing powers can be used to research new chemical compounds, proteins, and drugs that will help people improve their health as well as to cure themselves of illnesses. Medical products can be created by miners, and the entire task can be synchronized on their computer systems. By providing facilities for computing in the medical field, the miners will receive compensation in the form of cryptocurrency, a direct benefit from the process and incentive to contribute computing power.