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ALTEN Calsoft in Partnership With Clinlogix Launches Blockchain for Clinical Trials

SANTA CLARA, California, July 3, 2019 /PRNewswire/ — ALTEN Calsoft Labs, a leading Enterprise Digital Transformation solutions and Engineering R&D services company, has launched – “BioPharma Ledger”, a Blockchain clinical trial platform. This reinforces ALTEN Calsoft Labs’ continued commitment to bringing Digital led transformation to industry-specific areas. The Blockchain practice provides customers with enterprise blockchain solutions in…

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SANTA CLARA, CaliforniaJuly 3, 2019 /PRNewswire/ — ALTEN Calsoft Labs, a leading Enterprise Digital Transformation solutions and Engineering R&D services company, has launched – “BioPharma Ledger”, a Blockchain clinical trial platform.

This reinforces ALTEN Calsoft Labs’ continued commitment to bringing Digital led transformation to industry-specific areas. The Blockchain practice provides customers with enterprise blockchain solutions in innovative business initiatives covering everything from business strategy and ideation to development and full enterprise scale. “The Blockchain for clinical trials is our first initiative in the broader Blockchain practice at ALTEN Calsoft Labs. We will make a significant impact on the clinical trial process with our scalable Blockchain platform that will ultimately address many key core processes in the Life Sciences industry. This will pave the way to fundamental changes in other key verticals that will demonstrate savings in costs, time and efficiency – all with the meaningful added benefits of security and trust,” says Paul Elisii, Vice President of BI and Blockchain, ALTEN Calsoft Labs.

The newly created Blockchain Platform for clinical trials will leverage the BlockApps STRATO middleware platform. BlockApps is a founding member of the Enterprise Ethereum Alliance (EEA), the world’s largest open-source blockchain initiative, and has the distinction as the first Blockchain platform available on Microsoft Azure, AWS, and Google Cloud.

Clinlogix, a leading-edge global clinical research organization (CRO), with locations in EuropeAsiaSouth America and the US will be the first practitioner to pilot and implement the platform in real-world clinical trials.

“Blockchain will introduce us all to a new age of transparency, privacy, and traceability in all aspects of the Life Sciences as we know them. It is as transformational to pharma, biotech, and medical devices today, as the Internet was to communications 20 years ago. Blockchain has the power to fundamentally shift many core processes for drug research and development by increasing patient safety and privacy, improving quality of data, and significantly shortening the length of clinical trials,” says Nick Spring, Life Sciences Partner, ALTEN Calsoft Labs. “We are looking forward to working with the team at Clinlogix on this innovative approach.”

JeanMarie Markham, the Founder, and CEO of Clinlogix said, “I’m very excited to be one of the first, if not the first, CRO who is moving ahead with the rapid development and deployment of a blockchain-based platform which will become an industry standard. Clinlogix has always embraced new technologies that improve patient outcomes, safety, and health along with helping our sponsors to get new treatments to market rapidly, efficiently and cost-effectively. We are a decidedly different CRO and the new blockchain technology complements our ‘Innovation Pathway’ culture for all of our people and our customers.”

About ALTEN Calsoft Labs

ALTEN Calsoft Labs (ACL) is a digital transformation, next-generation technology consulting and engineering services company. The Company offers Digital, Consulting, Enterprise IT and Product Engineering Services, in verticals like Retail, Healthcare, Life Sciences, Telecom, Manufacturing, Energy & Utilities, Networking, Semiconductor and High-Tech. ACL enables enterprises to Innovate, Integrate, and Transform their business by leveraging disruptive technologies like Blockchain, Digital Interactive, Cloud, Mobility, AI & RPA, Analytics, DevOps, IoT and Software-defined Networking (SDN/NFV).

ALTEN Calsoft Labs is part of ALTEN Group – the second-largest global engineering services company with over 33,700 employees worldwide.

To Know more, Visit: https://www.altencalsoftlabs.com/

For Media Contacts:

Email: business@altencalsoftlabs.com 
Website: https://www.altencalsoftlabs.com/

SOURCE ALTEN Calsoft Labs

Source: https://blockchainhealthcarereview.com/alten-calsoft-partnership-clinlogix-launches-blockchain-clinical-trials/

Blockchain

Smart contract exploits are more ethical than hacking… or not?

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There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a CipherTrace report.

Related: Roundup of crypto hacks, exploits and heists in 2020

Some point out that the occurrences were merely exploits that shined a light on the vulnerabilities of the respective smart contracts. The thieves didn’t really break into anything, they just happened to casually walk through the unlocked back door. By this logic, since the hackers exploited flaws without actually hacking in the traditional sense, the act of exploiting is ethically more justifiable.

But is it?

The differences between an exploit and a hack

Security vulnerabilities are the root of exploits. A security vulnerability is a weakness that an adversary could take advantage of to compromise the confidentiality, availability or integrity of a resource.

An exploit is the specially crafted code that adversaries use to take advantage of a certain vulnerability, and to compromise a resource.

Even mentioning the word “hack” in reference to blockchain might baffle an industry outsider less familiar with the technology, as security is one of the centerpieces of distributed ledger technology’s mainstream appeal. It’s true, blockchain is an inherently secure medium of exchanging information, but nothing is totally unhackable. There are certain situations in which hackers can gain unauthorized access to blockchains. These scenarios include:

  • 51% attacks: Such hacks occur when one or more hackers gain control of over half of the computing power. It’s a very difficult feat for a hacker to achieve, but it does happen. Most recently in August 2020, Ethereum Classic (ETC) faced three successful 51% attacks in the span of a month.
  • Creation errors: These occur when security glitches or errors go overlooked during the creation of the smart contract. These scenarios present loopholes in the most potent sense of the term.
  • Insufficient security: When hacks are done through gaining undue access to a blockchain with weak security practices, is it really as bad if the door was left wide open?

Are exploits more ethically justifiable than hacks?

Many would argue that doing anything without consent cannot possibly be considered ethical, even if worse acts could have been committed. That logic also raises the question of whether an exploit is 100% illegal. For example, having a U.S. company registered in the Virgin Islands can also be seen as performing a legal tax “exploit,” though it isn’t considered outwardly illegal. As such, there are certain gray areas and loopholes in the system that people can use for their own benefit, and an exploit can also be seen as a loophole in the system.

Then there are cases such as cryptojacking, which is a form of cyberattack where a hacker hijacks a target’s processing power to mine cryptocurrency on the hacker’s behalf. Cryptojacking can be malicious or nonmalicious.

It may be safest to say that exploits are far from ethical. They are also entirely avoidable. In the early stages of the smart contract creation process, it’s important to follow the strictest standards and best practices of blockchain development. These standards are set to prevent vulnerabilities, and ignoring them can lead to unexpected effects.

It is also vital for teams to have intensive testing on a testnet. Smart contract audits can also be an effective way to detect vulnerabilities, though there are many audit companies that issue audits for little money. The best approach would be for companies to get several audits from different companies.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Pawel Stopczynski is the researcher and R&D director at Vaiot. He was previously the R&D director and a co-founder at Veriori and at UseCrypt. Since 2004, Pawel has been involved in the development of 18 IT projects in Poland and the United Kingdom, focusing on the private sector. He was a speaker at several IT conferences, and the organizer of two TEDx conferences. For his work, Pawel was awarded a gold medal at the Concours Lépine International Innovation Fair 2019 in Paris, and a gold medal of the French minister of defense.

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Source: https://cointelegraph.com/news/smart-contract-exploits-are-more-ethical-than-hacking-or-not

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Blockchain

Close to $10 Billion Worth of Crypto Longs Wiped off the Market Amid Sudden Crash

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It’s been a rough Sunday for the cryptocurrency market.

$7.8 Billion Liquidated in an Hour

The “up only” sentiment in the digital asset market took a major hit today as more than $7 billion in crypto long positions were liquidated within an hour in a sudden market wide crash.

According to data from bybt, more than $9 billion worth of crypto long positions were liquidated in the past 12 hours while more than $8 billion were wiped off the market in the last 4 hours.

Specifically, bitcoin’s price started trending downwards early Saturday but the sharp free fall commenced around 3:00 UTC on Sunday.

After recording new ATH day after day, bitcoin and other cryptocurrencies’ price witnessed a steep downfall today almost touching the $50,000 mark. At the time of writing, bitcoin has regained some support and trades at $55,300.

According to crypto analyst Lark Davis, bitcoin breached the 50-day moving average during the unanticipated crash which is a rare event during a bull run. For context, BTC breached the 50 day MA only a few times during the 2017 bull market. In retrospect, all such dips proved to be immensely profitable buy opportunities.

Overleveraged Longs get REKT

While it typically pays to long in a bull market, investors must be cautious of too much optimism and avoid being long in an already overbought market to not get rekt in sudden market crashes like that of today.

Being long in a market with less liquidity is particularly dangerous as the order books are thin and a sudden dump can cause the price of the underlying asset to go down much more than in other liquid markets.

The Block’s Larry Cermak noticed this on Perp Protocol where the price of ether (ETH) reached as low as $900 due to low liquidity.

Crypto derivatives exchange FTX’s CEO Sam Bankman-Fried share some interesting facts about the exchange during today’s crash.

According to SBF, the exchange witnessed trading volume close to $26 billion which was another all-time record volume day for FTX. At the same time, FTX had close to $250 million of liquidations today.

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Source: https://btcmanager.com/10-billion-crypto-longs-market-sudden-crash/

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Blockchain

Kraken Daily Market Report for April 17 2021

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Overview


  • Total spot trading volume at $2.51 billion, 57% above the 30-day average of $1.6 billion.
  • Total futures notional at $667.9 million.
  • The top five traded coins were, respectively, Bitcoin, Dogecoin, Ethereum, Tether, and Siacoin.
  • Strong returns from Nano (+51%) and Siacoin (+20%).

April 17, 2021 
 $2.51B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$61000. 
↓0.8% 
$629.7M
XDG 
$0.2633 
↓27% 
$605.2M
ETH 
$2402.7 
↓1.3% 
$258.5M
USDT 
$1.0005 
↓0.07% 
$240.2M
SC 
$0.0521 
↑20% 
$159.8M
XRP 
$1.5902 
↑2.7% 
$117.6M
DOT 
$45.626 
↑10.0% 
$102.4M
LTC 
$308.22 
↓0.8% 
$97.2M
BCH 
$1090.7 
↓2.2% 
$79.1M
ADA 
$1.3814 
↓2.3% 
$52.2M
NANO 
$8.5722 
↑51% 
$46.2M
TRX 
$0.1617 
↓0.03% 
$41.1M
LINK 
$41.377 
↓1.8% 
$32.2M
ETC 
$41.413 
↑6.9% 
$29.7M
MANA 
$1.3461 
↑2.4% 
$29.2M
USDC 
$1.0000 
↑0.0% 
$27.3M
ALGO 
$1.5304 
↑1.3% 
$25.8M
XMR 
$350.49 
↑2.7% 
$19.4M
EOS 
$8.0465 
↓6.2% 
$16.1M
XLM 
$0.6043 
↓0.9% 
$15.5M
ZEC 
$275.80 
↑1.8% 
$12.6M
FIL 
$180.09 
↓1.6% 
$12.4M
DASH 
$371.48 
↓2.4% 
$11.5M
XTZ 
$7.2400 
↑0.17% 
$11.2M
KSM 
$464.33 
↑3.7% 
$11.2M
ATOM 
$26.097 
↑2.0% 
$9.9M
STORJ 
$2.3968 
↑2.0% 
$7.46M
ICX 
$2.8503 
↑9.1% 
$7.09M
UNI 
$36.055 
↓0.5% 
$5.28M
DAI 
$1.0004 
↑0.06% 
$4.46M
OMG 
$9.7769 
↓3.9% 
$4.33M
CRV 
$3.9120 
↓0.5% 
$4.3M
GRT 
$2.0052 
↑0.4% 
$3.71M
QTUM 
$17.893 
↓2.7% 
$3.68M
AAVE 
$434.98 
↓1.6% 
$3.67M
FLOW 
$35.971 
↓1.6% 
$3.14M
SNX 
$20.920 
↓0.4% 
$3.04M
BAT 
$1.5007 
↓1.8% 
$2.96M
EWT 
$20.354 
↓1.1% 
$2.92M
YFI 
$51356. 
↓3.8% 
$2.91M
OXT 
$0.8106 
↓4.1% 
$2.82M
KEEP 
$0.7062 
↓2.2% 
$2.7M
KAVA 
$6.5367 
↓0.8% 
$2.6M
OCEAN 
$1.6954 
↓0.12% 
$2.22M
COMP 
$563.50 
↓0.6% 
$2.07M
ANT 
$10.460 
↑1.4% 
$1.96M
LSK 
$6.6796 
↓4.2% 
$1.63M
WAVES 
$15.901 
↓4.2% 
$1.43M
REPV2 
$51.524 
↓2.8% 
$1.38M
REP 
$51.440 
↓2.7% 
$1.07M
KNC 
$3.4441 
↓4.0% 
$887K
MLN 
$94.057 
↑4.3% 
$827K
GNO 
$190.20 
↓0.5% 
$787K
BAL 
$63.429 
↓0.8% 
$694K
PAXG 
$1795.7 
↑0.17% 
$593K
TBTC 
$62632. 
↑0.0% 
$50.8K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (April 17 2021)



Figure 2: Mid-size trading assets: (measured in USD) (April 17 2021)



Figure 3: Smallest trading assets: (measured in USD) (April 17 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (April 17 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (April 17 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (April 17 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (April 17 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

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Source: https://blog.kraken.com/post/8684/kraken-daily-market-report-for-april-17-2021/

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