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HealthLedger – Blockchain-Based Electronic Health Record Exchange Platform

HealthLedger is working to revolutionize the way healthcare operates at the ground level by using the HyperLedger framework to secure health records.

The post HealthLedger – Blockchain-Based Electronic Health Record Exchange Platform appeared first on Blockchain Healthcare Review.

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HealthLedger is working to revolutionize the way healthcare operates at the ground level. Traditionally, healthcare has remained expensive because many operational costs are redundant. Questionnaires filled out for each clinic, charts reviewed and tests re-ordered, and that’s just the icing on the cake.

Blockchain technology can do more than just save everyone money, it can also help prevent improper access to health records via blockchain rights management. Time is money, right? Well, blockchain can even save time spent faxing, scanning, and sending documents. Think of blockchain like a filing cabinet—except every office that is connected has all of the files simultaneously.

HealthLedger uses the HyperLedger framework to place health records on the blockchain. By working with a pre-established framework, the team behind HealthLedger has access to solutions developed by an open-source coding community. They can adapt others’ work to suit their needs without fighting over who owns what.

They will upload records to a permissioned blockchain that is shared with clinics in their network worldwide. Currently, medical practices have to record information from patients, obtain new patient paperwork, carry out any tests they don’t have a record for, and much more.

With a solution like HealthLedger, however, clinics, hospitals, and doctors can all share information more quickly, easily, and safely. They simply upload patient files to the blockchain and other offices will have access to the records at will, so long as they have been granted access.

What can it change?

Emerging technology is always promised as a cure-all for the world’s issues. The real trouble with changing the world is under-promising and over-delivering so that people consistently know you will follow-through. Blockchain can help with many issues in healthcare, but it will not fix everything wrong with the industry.

Issues HealthLedger may be able to solve:

  • Data security
  • Time efficiency
  • Data errors
  • Customer Experience (HIPAA constraints on phone-based lab result delivery)
  • High cost of operations (and thus treatment)
  • Paper waste

How can HealthLedger solve them?

  • Data security is improved by putting information in a shared database with very specific permissions, limited access, and other controls like MAC Address whitelisting can be implemented as well.
  • Time efficiency is improved by sharing files into a common set of locations, so other offices have access to them readily.
  • Data errors are reduced by allowing physicians and technicians to focus more on their tasks at hand than worrying about filing the charts and results away.
  • Patients no longer have to come into the office to retrieve their lab results or other test results. The information can be shared securely using a blockchain-based decentralized application (dApp).
  • Operational costs can be reduced through time savings and increased work efficiency, which should result in cheaper costs of medical visits.
  • Paper waste can be lessened by taking notes on tablets and PCs, then uploading them directly to the blockchain.

How might it impact the consumer experience?

Consumers may experience lower costs for their treatment, shorter visits to medical offices. Customers struggle against expensive medical visits and lengthy questionnaires—not to mention long lines in busier cities—everytime they need to get a check-up or need assistance.

What services do they currently have in the works?

HealthLedger does not seem to have a publicly available GitHub repository. There are two other projects, one is developing a blockchain-based system for tracking organ donations, preventing medical abuse of incapacitated patients, and preventing organ trafficking. The HealthLedger project in question, however, is working to put all health-based records on the blockchain.

If you’d like to know more about HealthLedger, you can view their website. They do not have a public whitepaper, yellowpaper (technical document), or business plan at this time.

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Blockchain

Bank of Korea Head Says Cryptocurrencies Have No Intrinsic Value

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The head of the Bank of Korea, Lee Ju-yeol, said that Bitcoin and other major cryptocurrencies lack intrinsic value. However, he believes that all assets will continue to experience significant price fluctuations.

Price Surge Because of Pro-BTC Institutional Investors?

The chief of the Bank of Korea said cryptocurrencies, including Bitcoin, do not possess inherent value. In a recent news report, Lee Ju-yeol blasted the highly volatile nature of the digital asset industry.

“There is no intrinsic value in crypto assets,” said BOK Gov. Lee Ju-yeol at a parliamentary session on 23 February.

The news report quoted lawmakers asking BOK’s chief if the recent surge in the price of BTC is temporary or not.

“It is very difficult to predict the price, but its price will be extremely volatile,” Ju-yeol added.

The bank executive has also said that the recent rally in Bitcoin’s price followed by other significant digital assets may be led by multiple factors. Among them, Elon Musk’s Tesla – investing $1.5 billion. He highlighted that the latest price surge might be a continuation of institutional investors using Bitcoin as a hedge.

Ju-yeol also emphasized that BOK shouldn’t buy bonds issued by the country’s government directly. Otherwise, this would raise worries about fiscal stability and undermine the central bank’s trust. 

Bitcoin Volatility Bringing Some More Hard Times For Investors?

The primary cryptocurrency’s volatility has been causing quite some troubles for both retail and institutional investors. This particular character of the digital assets has been a stumbling point for many, thus, causing some hesitations in whether to allocate funds in it or not.

BTC’s price managed to initiate another notable surge during the last couple of months, marking a consequent all-time high. Just a few days ago, it skyrocketed above $58,000, dragging other altcoins like Ethereum behind it for a while.

However, almost immediately after its upgrowth, BTC suffered a significant correction, settling unsteadily around $50K as per the time of the writing. As a result, the cryptocurrency market capitalization lost more than $300 billion in two days.

Interestingly, JPMorgan strategists said recently that Bitcoin’s illiquidity could bring more problems. Analysts from the US multinational banking institution argued that BTC is in a liquidity shortage, warning investors that the primary crypto-asset could suffer another price drop.

Featured Image Courtesy of WSJ. 

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Source: https://cryptopotato.com/bank-of-korea-head-says-cryptocurrencies-have-no-intrinsic-value/

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Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher

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The cryptocurrency market is showing signs of progress following a multiday sell-off that saw the total market capitalization drop by more than $400 billion as Bitcoin’s (BTC) price briefly fell below $46,000. 

While the majority of altcoins have entered a consolidation phase that includes a retest of underlying support levels, several projects have started to regain lost ground after new developments reignited investors’ optimism.

ADA/USDT

Cardano’s ADA started the year with a bullish spark that saw its price increase 624% from $0.165 on Jan. 2 to a high of $1.20 on Feb. 20. This week’s sharp correction pulled the price to a swing low at $0.80, but it is clear that traders bought the dip.

ADA/USDT 4-hour chart. Source: TradingView

Since hitting a swing low at $0.80, ADA’s price rallied 30% to $1.05 following the news that community members at Venus Protocol had approved a proposal to bring ADA to the Venus mainnet. 

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ADA on Feb. 14, prior to the recent price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

Cointelegraph Markets Pro – VORTECS™ Score (green) vs. ADA price

As the chart above shows, Binance introduced staking on Feb 10., and the VORTECS™ score for ADA rose to a high at 88 on Feb. 14

MATIC/USDT

On Feb. 9 the Matic network rebranded to become “Polygon” as part of a strategic change to become a layer-two aggregator. The move was done in response to the growing momentum of Polkadot and a desire to build an interoperability protocol on top of Ethereum.

High gas fees on the Ethereum network have increased the need for layer-two solutions, and Polygon has emerged as one of the top solutions with projects like Aavegochi and Golem already operating on the protocol.

The rebrand helped lift the price of MATIC from $0.07 on Feb. 9 to an all-time high of $0.197 on Feb. 20 before the market downturn pushed it back down to $0.111 on Feb. 23.

MATIC/USDT 4-hour chart. Source: TradingView

Since that time the MATIC has recovered 62% to trade at $0.16 as the community and total value locked on Polygon continue to grow.

STX/USDT

Stacks (STX) was the breakout star on Feb. 24 as the layer-one blockchain solution designed to bring smart contracts and decentralized applications to Bitcoin saw a record $166 million in trading volume that elevated STX to a new all-time high of $1.17.

STX/USDT 4-hour chart. Source: TradingView

Excitement for the project comes after the Feb. 23 announcement that STX holders can now participate in delegated staking from the Stacks wallet, allowing them to earn BTC rewards.

According to data from Cointelegraph Markets Pro, market conditions for STX have been favorable for some time.

VORTECS™ Score (green) vs. STX price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ score for STX hit a high of 87 on Feb. 23, around 30 hours before the price increased 75% to its new high of $1.17.

Interoperability, cross-bridge solutions and staking have emerged as drivers of growth that help incentivize investors to hold their tokens and also attract new participants to old and new blockchain projects.

Following the recent market downturn, it’s clear that projects that offer tokenholders multiple ways to earn a yield and operate across separate blockchain networks are beginning to stand out from the rest of the field.

Source: https://cointelegraph.com/news/cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher

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Former London Stock Exchange Group CEO Urges UK Government to Explore Cryptocurrencies

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The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects.

The UK Should Turn To Crypto And SPACs?

Born in France, Rolet is a businessman and the Chief Executive Officer of the London-based credit-focused asset management firm CQS. Before assuming this position, though, he served as the CEO of the London Stock Exchange Group and was named as one of the 100 best CEOs in the world in 2017 by the Harvard Business Review.

In a report cited by Bloomberg, Rolet touched upon the potential consequences to the UK economy following the withdrawal from the European Union and the European Atomic Energy Community, better known as Brexit.

The executive believes that the UK has two viable options to consider if it wants to minimize the risks and help the nation flourish.

In the first one, he urged the government to “promptly consider the SPAC revolution.” Also referred to as “blank check companies,” these special purpose acquisition companies (SPAC) operate as shell corporations listed on a stock exchange with the idea of buying out a private company, thus making it public. Ultimately, this strategy eliminates the need to go through a traditional initial public offering (IPO).

While the US has seen significant adoption in the past year with a 10x increase in the raised funds compared to 2019’s results, the UK regulators have halted their progress on the London markets.

Rolet’s second advice involved digital assets as he noted that “all relevant UK government agencies should be resourced to thoroughly understand cryptocurrencies.”

With proper regulations, the crypto ecosystem could “place London and the UK at the center of a reputable and safe financial market.”

The UK’s Regulatory Approach To Cryptocurrencies

While UK’s regulators have hindered SPACs’ progress within the country, the nation’s financial watchdog, the FCA, has also been rather harsh against the cryptocurrency industry.

As of the start of this year, the Financial Conduct Authority banned crypto derivatives and exchange-traded notes (ETNs) to retail customers.

Additionally, the watchdog has issued several warnings to investors that they could lose all their funds if allocated in digital assets.

The regulator also announced that all UK-based digital asset businesses need to be registered with it but extended the deadline for applications to July 9th, 2021.

Featured Image Courtesy of TheGuardian

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Source: https://cryptopotato.com/former-london-stock-exchange-group-ceo-urges-uk-government-to-explore-cryptocurrencies/

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