Drug development is one of the most regulated businesses in the world and it's rightfully so. There are many benefits to this and most of them core around ensuring consumer safety, but one negative consequence is that drug development can now take over a decade and most small companies cannot cope with this delay. As a result, drug development has become largely controlled by major pharmaceutical firms as they can sustain 10 straight years of expenses before seeing even the first cent of revenue from a new drug.

Most major pharmaceuticals are located in a handful of countries and drug development is heavily reliant on data, which understandably happens to be sourced from subjects within those few countries. As a result, the major focus of drug development is skewed towards optimization of drugs aimed at the citizens of those countries and development prioritizes the cures of diseases that primarily target the citizens of those countries.

This is just one of the problems being faced by the critically important drug development industry. However, ICOs are making it possible for a new project that aims to target this and many other problems present in the drug industry.

Shivom is targetting the root of the problem that makes drug development controlled by just a small number companies: the cost. Shivom is not challenging regulatory laws but is making it cheaper to develop drugs by providing an easy channel to data necessary for drug development.

Shivom is creating a marketplace where individuals can directly sell their data to pharmaceuticals. The benefits?

• Shivom removes middlemen involved in the data trade of the healthcare industry, greatly reducing costs of drug development.

• Shivom puts individuals in control of their healthcare data, allowing them to decide who sees what and when about their data.

• Shivom leverages blockchain technology to ensure individuals' healthcare data remains secure.

• It creates a channel where access to genomic data becomes easy, thereby ushering an era where medicines can be tailored towards individual needs.

Shivom is a project that aims to better the state of medical data such that the entire drug development industry can better meet the needs of the world.

🌐 Website: https://shivom.io/
💡 Whitepaper: https://shivom.io/files/Whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2365709.0
💻 Telegram: https://t.me/projshivom
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