Trial blockchain-enabled clinical trials

Дарья Еремина
4 min readAug 10, 2021

Today we will consider the Triall blockchain project.The company works with the web 3.0 protocol and is actively implementing it in medical research. Thanks to this, the research data is protected from unauthorized access, plus an effective connection between the parties involved in the research is ensured.On the company’s official website, the team positions its mission as introducing safe and affordable vaccines and therapeutic agents into society by optimizing clinical trials.

The company has been operating for a long time, they already have more than 100 clinical trials in more than 30 countries around the world. Over the years, they have acquired many partners and many clients. The company has also written over 250 peer-reviewed articles on innovations in the field of medical research that have been published in well-known scientific journals.

During its existence, the project has already acquired many investors, you can see them in the picture above.For more detailed information about investors and strategic partners, please visit the project website https://www.triall.io/

Triall created its Triall Community Fund (TCF) with the aim of engaging stakeholders in decision making in the management of the ecosystem.Major changes in the ecosystem, preferred incubator programs, incentives, community programs, compensation and annual evaluation of work with partners will be decided by voting.Voting is optional, but guides the best initiatives in the community. The whole voting process is divided into phases and looks like this:

Phase 1. At this stage, everyone can submit their idea for consideration. To qualify for participation, you need to block your TRL tokens, as well as detail everything related to the idea. Problems, solutions, technical specifications, funding goals and so on.

Phase 2. At the second stage, the 5 best candidates are selected from all candidates by voting.

Phase 3. At this stage, the selected ideas are given a further opportunity to advance through interviews or ama.

Phase 4. From all applicants at this stage, the winner will be chosen by voting

Phase 5. The initiative that received the most votes is brudet supported

July 10 on his official twitter https://twitter.com/triallofficial Triall announced a pre-sale of their tokens. The $ TRL token economy is designed to constrain supply and stimulate demand.Token circulation is limited by blocking, there are rewards for staking tokens, and the company is planning planned token burnings in order to increase demand and liquidity.

At the heart of the Triall ecosystem is a dual token system consisting of the main TRL utility token and its internal counterpart, T-GRED.The token system is designed to facilitate fair distribution of benefits and access among all stakeholders in the ecosystem.T-CRED entitles you to introduce and use services in the Triall ecosystem. This is the only token that can be used to pay for Triall solutions, can only be created through TRL conversion, and is intended for use and implementation in the clinical research sector.Triall’s dual token system is developed on Ethereum using the ERC-20 standard. Ethereum has the most widespread infrastructure for generating tokens, as evidenced by thousands of ERC-20 tokens.

What is the use of this dual token system?

Access to ecosystem utilities

Direct peer-to-peer (P2P) payments for stakeholders and clinical trial participants

Community engagement and platform support

Ecosystem management

Community Membership and Awards

Summing up the results of our brief review, I would like to note that there are very few projects in the field of medicine that interact with the blockchain at the moment, I hope over time this direction will gain recognition and we will see many more successful projects in this area.

This is a sponsored article written for a fee.
User written @daria

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