BC Platforms has announced a new strategic partnership with US-based company TripleBlind to help drive the development of privacy and intellectual property rights (IPR) preserving “federated AI” for its BCRQUEST.com Global Data Partner Network.
The partnership will enhance BCP’s contribution to the Finnish-led PRIVASA (Privacy Preserving AI for Synthetic and Anonymous Health Data) consortium, which recently received EUR €6.5 million in funding by Business Finland to develop methods for the safe utilization of sensitive data. BCP’s partnership with TripleBlind will further improve this federated AI concept by ensuring IPR protection, encrypting analyses and results using its cryptographic technology.
“AI has the potential to transform healthcare from a “one-size-fits-all” medicine approach to a personalised one, where individual treatment plans can be tailored for each patient, leading to an improved quality of care and significant cost savings.”
“In partnership with TripleBlind, our new federated AI learning platform, which is based upon data from BCRQUEST’s global genomic and clinical database network, could significantly speed up research and development without compromising on patient privacy or IPR. AI has the potential to transform healthcare from a “one-size-fits-all” medicine approach to a personalised one, where individual treatment plans can be tailored for each patient, leading to an improved quality of care and significant cost savings,” says Timo Kanninen, CSO and Founder of BC Platforms.
The two-year PRIVASA project aims to promote access to, and sharing of, anonymized health data to accelerate product development by Finnish health technology companies operating in international markets. BCP will be contributing federated AI learning approaches to train machine learning algorithms without the need to exchange actual data. This method will enable BCP to address data governance and privacy requirements, as individual-level data never needs to leave its institution of origin, states the company in a press release.
BC Platforms is one of the key corporate partners in the PRIVASA consortium, alongside the University of Turku, the Finnish Institute for Health and Welfare (THL) as well as a number of notable industry partners including Bayer, Fujitsu Finland, MVision, PerkinElmer and Polar Electro.