What is Galeon (GALEON)

Learned by 334 usersPublished on 2024.04.01Last updated on 2024.12.03

0.01

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  • Last Price0.01
  • Market Cap10.85M
  • All-Time Low0.0056
  • Circulating Supply820.58M
  • Turnover (24h)241.17K
  • All-Time High0.06
  • Total Supply3.93B
  • Fully Diluted Market Cap10.85M

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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Galeon: Revolutionising Healthcare with Blockchain Technology

Introduction

In recent years, the confluence of healthcare and technology has paved the way for innovative solutions to some of the industry's most pressing challenges. Among the notable projects striving to harness this amalgamation is Galeon, a cryptocurrency initiative aimed at transforming the landscape of healthcare through blockchain technology. Launched in 2016, Galeon seeks to empower patients and enhance the management of medical data by utilising the advantages of a secure, transparent Electronic Health Record (EHR) system.

This article will delve deeper into the Galeon project, examining its foundations, its innovative approach, the individuals behind its inception, and its trajectory thus far, all while understanding its potential impact on the healthcare sector.

What is Galeon?

Galeon is primarily a healthcare-focused blockchain project with a mission to address significant challenges within medical data management. By creating a decentralized network, Galeon aims to facilitate secure sharing and access to medical information among patients, hospitals, and researchers. Unlike traditional systems, which often rely on centralised databases vulnerable to breaches and privacy concerns, Galeon leverages blockchain technology to ensure the privacy, security, and integrity of medical records.

The project's design allows patients to maintain control over their medical data, ultimately assessing how it is utilised across various platforms and stakeholders. This empowerment of patients is crucial in an age where health information is frequently subjected to misuse and breaches, leading to a greater need for secure platforms that prioritise patient autonomy.

Who is the Creator of Galeon?

The mind behind Galeon is Dr. Loïc Brotons, a medical professional who recognised the potential of blockchain technology to reshape the healthcare landscape. Dr. Brotons' commitment to improving patient care through innovative technology drives the vision of Galeon, ensuring that the project remains focused on creating solutions that benefit individuals within the healthcare system.

Who are the Investors of Galeon?

While the specific investors behind Galeon have not been publicly disclosed, it is evident that the project has drawn considerable interest and support from both the healthcare and blockchain communities. By collaborating with experts and establishing strategic alliances, Galeon has positioned itself to attract investment and resources necessary for its development and long-term sustainability.

How Does Galeon Work?

Galeon operates by crafting a decentralized network, specifically designed for the secure storage and management of medical data. The unique features that set Galeon apart include:

  1. Decentralisation: By eliminating central points of failure, Galeon's framework ensures that no single entity has complete control over the data, greatly reducing risks associated with data breaches.

  2. Blockchain Technology: Galeon's employment of blockchain technology guarantees the integrity and privacy of medical data. Each piece of information is encrypted and linked in a manner that is immutable, ensuring trustworthiness and preventing unauthorized alterations.

  3. Patient Control: One of Galeon’s core principles is to provide patients with the authority over their medical records. Patients can dictate who accesses their data, how it is used, and can grant temporary permissions to healthcare providers as needed.

  4. Swarm Learning: This innovative approach allows for collaborative and secure data sharing across multiple stakeholders in the healthcare ecosystem. It facilitates learning from the collective data, making it possible for healthcare providers and researchers to develop new insights while maintaining patient privacy.

Through these features, Galeon aims not only to streamline medical data sharing but also to foster a collaborative atmosphere among various stakeholders that upholds the highest standards of data privacy and security.

Timeline of Galeon

To fully appreciate the journey of Galeon, it is beneficial to outline some of the major milestones it has achieved since its inception:

  • 2016: Galeon was officially launched, marking the beginning of its ambitious drive to create a next-generation Electronic Health Record system.

  • Development Period: Following its launch, Galeon underwent significant development phases, culminating in the formation of a decentralised network and the successful implementation of blockchain technology in its operations.

  • Establishment of Partnerships: Over the years, Galeon has strategically partnered with various medical institutions, universities, and key players in the blockchain space, working collectively to expand its impact in healthcare.

  • Exploring Future Applications: Consistent with its forward-thinking vision, Galeon has continually sought new avenues for the application of its groundbreaking technology, targeting complex healthcare problems with potential solutions.

Key Features of Galeon

Galeon’s commitment to revolutionising healthcare can be encapsulated in several key features that underscore its innovative nature:

  • Decentralised Network: Galeon establishes a secure and decentralised network that ensures the data is not only safe but also easily accessible by authorized users.

  • Blockchain Integration: Leveraging blockchain technology allows Galeon to maintain rigorous data security protocols, ensuring that all medical data remains private and intact.

  • Empowerment of Patients: Placing control in the hands of the patients enhances data security and fosters trust between patients and healthcare providers.

  • Collaborative Approach with Swarm Learning: By utilising swarm learning, Galeon enables seamless collaboration among healthcare stakeholders without compromising data integrity, thereby enhancing research opportunities and patient outcomes.

Conclusion

As a pioneering project in the healthcare blockchain sector, Galeon is proactively addressing the challenges related to medical data management. By employing blockchain technology and empowering patients with control over their data, Galeon is not merely innovating within the realm of healthcare; it is redefining how medical records are shared and maintained.

With Dr. Loïc Brotons at the helm and a robust framework bolstered by strategic partnerships, Galeon represents a transformative force that prioritises patient welfare and security in an increasingly digital world. As the project looks toward the horizon with ambitious plans, its trajectory promises to establish a new standard for healthcare data management, potentially influencing other sectors grappling with similar challenges.

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