FAQ
Do you sell blood?
No, we don’t. BloodChain is used in precision motivation for people to donate blood (only when blood is needed in a specific time and place) and to carry out activities disseminating the idea of voluntary blood donation and a healthy lifestyle. It is only after the donation, outside of BloodChain, that blood is pre-processed, packaged and sold, and all this happens in an authorised blood donation centre (either public or private units). BloodChain is not involved in the details of processing, packaging and selling blood. Blood, in natural or processed form, has a real market value depending on the decisions of public (e.g. the Ministry of Health) or private (e.g. a Blood Bank) units established for this purpose. The current average price of blood is 180 USD per one blood unit (450 ml).
How do you get blood?
As BloodChain is used for the precise motivation of people to donate blood, it is not, at any stage, involved in the processing, packaging or selling of blood. It is only authorised blood donation centres, public or private, that are involved in these tasks. BloodChain is used for the communication of rising or falling requirements, and also for the adequate motivation of blood donors, so although it helps donors share their blood, it never actually owns any blood and is never involved in its processing or sale.
Is it legal?
Yes. The promotion of blood donation is a legal and socially desirable phenomenon around the world. The motivation of people to donate blood and to carry out activities promoting the idea of voluntary blood donation and healthy lifestyles does not require any legal consent or certification. BloodChain operates on the basis of voluntary blood donation and the donors' confidence in our technological platform.
Is the data safe?
Because BloodChain will process health information, its architecture must take into account increased quality attributes, especially in terms of data security and privacy. In addition, due to regulations on sensitive data, it is necessary to ensure that the system has properties which will allow an audit by external entities and provide the possibility to implement appropriate procedures related to data access control.
Do you collect medical data?
Yes, we gather data on the donor's blood type and their frequency of blood donations.
How safe are my BLOOD tokens?
BLOOD tokens are stored in the public Ethereum blockchain, which means that the safety of your tokens and the tokens of other users is secured by the entire decentralised Ethereum network. Only the private key owner has access to the tokens at a particular public address and no-one, neither Blodon nor any other entity, can take over, block or delete the tokens you have purchased. At present, the network is secured with equipment of a total computing capacity of approximately 270 GH/s[1]. This means that the compromise of, or an attack on, the network would require substantial computing capacity, and therefore would be very costly and, with a high degree of probability, unprofitable.
The only risk for the token owner lies in the improper storage of their token access data, or in the sharing of such data or the tokens themselves with any third parties, for example with exchange accounts. In such a case, the user has to rely on the level of security provided by the centralised platforms managed by such parties.
Therefore, your tokens are safe as far as you take care of the security of your own private key. The systemic risks are negligible.
Is it legal to own the BLOOD tokens?
Yes. The issue surrounding the trade of tokens based on cryptography in the European Union has been repeatedly confirmed by national authorities in numerous communications. In light of European Union legislation, it is legal not only to own tokens, but also to buy and sell them. A similar situation is observed in the USA. As for residents of countries outside of the EU and USA, the issue of the legality of tokens may vary, although only a few countries have decided to ban the ownership of tokens altogether. We also wish to highlight that, apart from the possible differences related to aspects of legality, different tax laws or anti money laundering regulations may apply depending on the residence of a person or entity trading tokens. In case of doubt, we recommend that you consult relevant authorities or use law firm services.
Who are you?
We are a team of scientists, experts and practitioners from the fields of economics, law, cognitive sciences, blockchain, business, and the management of large IT projects. Our team includes blood donors and people willing to become blood donors. Together, we’re working on a new and effective method of motivating people to donate blood and propagate the idea of voluntary blood donation and healthy lifestyles.
What is BloodChain for?
An ageing society and increased frequency of medical procedures involving blood are the two main reasons for the growing demand for blood donations. If the effectiveness of donor motivation programs do not increase, the current blood supply will decrease, and this will be accompanied by an increased demand. This will result in higher costsfor treatment and a lack of availability of life-saving medical procedures as we know them today.
How do you store blood?
As BloodChain is used for the precise motivation of people to donate blood, it is not, at any stage, involved in the processing, packaging or selling of blood. It is the authorised blood donation centres, public or private, that are involved in these tasks. BloodChain is used for the adequate motivation of blood donors, so although it helps donors to effectively share their blood, it never actually owns any blood and is never involved in its processing or sale..
Do you have a licence to act as a blood bank?
The motivation of people to donate blood and to carry out activities promoting the idea of voluntary blood donation and healthy lifestyles does not require any legal consent or certification. BloodChain operates on the basis of voluntary blood donation and donors' confidence in our technological platform..
Why don't you want to collect or process blood?
BloodChain is a vehicle for the effective motivation and creation of a conscious, strong community of donors and promoters of the idea of voluntary blood donation. Technically, in application, it is not and will not be able to participate in the processes of the collecting, processing or storing of blood.
Where is the blood stored?
It is stored in the best and safest possible place, i.e. in the circulation system of our donors. BloodChain does not store blood outside the bodies of potential donors. We only store data that efficiently motivates people to donate blood whenever and wherever it is most needed.
Who is really going to make money off of this?
BloodChain was not created for anyone to make money off of it. BloodChain was created to solve the problems arising in the area of blood donation, to help motivate new donors and, as a result, enable as many people as possible to effectively benefit from the helping and sharing mechanism. However, literally anyone can derive benefits from being in the BloodChain network. Such benefits depend on the needs communicated by other users and are proportionate to a specific user's activity.
Because the value exchange economy in BloodChain is based on cryptographically secure tokens, a certain degree of speculation with regard to the value of such tokens is possible. Speculations cannot be avoided, as in many other markets, e.g. of medicines, food products, raw materials, etc. However, the speculations are not an end onto themselves, but rather a side effect of the release of market mechanisms and the placement of the driving force completely in the hands of the users.
What is the name “First Open Social Blood Bank” about?
The concept of an Open Social Blood Bank is a metaphor which describes a network of blood donors available 24/7, 365 days a year. BloodChain fulfils specific blood type needs wherever and whenever necessary, it is able to anticipate future needs and prepare potential donors for blood donation, thus creating a kind of “blood inventory database,” and satisfies real needs in a precise way.
Is the Open Social Blood Bank an alternative to Blood Banks?
No. Blood banks and other public or private institutions play a very important role in collecting, processing, selling, and distributing blood. BloodChain is not and will not be an alternative to such organisations. It was created to precisely motivate people to fulfil the needs of patients, and to ensure blood availability for all those in need of blood.
What can I do with tokens?
By holding BLOOD tokens you gain access to:
- safety: the tokens you get will allow you to motivate donors whenever you, your family, or your friends most need it,
- reliability: obtaining distinctions, building reputation, effective electronic confirmation of membership in the community, an electronic key opening the door to other benefits,
- discounts on services offered by partners (swimming pool, gyms, Multisport, hotels, guest houses, products, preventive healthcare and health services, and many others...),
- free early diagnosis,
- diet and exercise programme,
- capital for the future: the value of owned BLT tokens increases with the expanding range and rising efficiency of the BloodChain network,
- the possibility of exchanging obtained Tokens for cryptocurrencies,
- You can donate your tokens to charity and in this way help twice.
