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“In Blockchain We Trust:” The New Healthcare Mantra

The need for medical attention can be a time of great vulnerability and uncertainty. With this often come lapses of care, billing issues, and other health care experiences that only serve to heighten one’s anxiety. Ultimately what we’re talking about here is trust. In other words, who can we reliably turn to when it comes…

The post "In Blockchain We Trust:” The New Healthcare Mantra appeared first on Blockchain Healthcare Review.

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The need for medical attention can be a time of great vulnerability and uncertainty. With this often come lapses of care, billing issues, and other health care experiences that only serve to heighten one’s anxiety.

Ultimately what we’re talking about here is trust. In other words, who can we reliably turn to when it comes to our health, wellbeing and personal information during these times of need.

Today Blockchain offers a new narrative around the provenance of trust in the delivery of health care. Through this technology, growing numbers of stakeholders are making major strides in solving prevailing problems around the overall care management experience. These advancements are accelerating rapidly and show great promise for the future.

Blockchain’s value proposition included the ability to deliver a network ecosystem that can disrupt existing market structures fostering transparency, efficiency, and fairness. It can also eliminate unnecessary intermediaries, boost privacy,  and provide an onramp for new solutions around, interoperability, digital identity, payments, and disease prediction.

The Payment System Conundrum

Payment systems with their inherent inefficiencies, bottlenecks, and security vulnerabilities have long been a sore spot for the health care industry.

Enter HealthCombix, a  blockchain development project that is seeking to enable a worldwide, decentralized insurance and healthcare network. Founded by Cyrus Maaghul a former Fidelity Investments Blockchain Incubator Director and successful start-up entrepreneur, the company believes that “privacy is a human right and the foundation of everything they do.”

Says Maaghul: “The goal is to build decentralized insurance applications that make the purchase and sale of insurance more efficient, creating more relevant products, lowering operational costs, and increasing transparency.”  

Asked about the roadmap and trajectory for HealthCombix, Maaghul added this:

“Our premise from the very beginning has been to build alternative health systems from the ground floor up, overlapping with as little of the incumbent system as possible. Now our efforts near term have evolved into more risk sharing and payment related products.”

Maaghul believes that someday, elements like confidentiality, interoperability, consent management, identity, and payments – will all be situated on blockchains and distributed networks that can interact with each other.

“Instead of everything being built on top of one stack or network, we are seeking to carefully identify over time the appropriate protocol and network for each capability as the foundation of a new healthcare system.”

These developments come at a time where trust in the health care landscape has become increasingly complicated by major market players like Google, Apple, and Amazon, thereby fostering an environment of data hoarding.   These digital silos are seen as a significant risk to consumer and patient data privacy.

“This entry of non-healthcare companies into the healthcare fray has validated our thinking as the the lines between risk sharing and digital apps are blurring,” says Maaghul.

Ultimately the intent, he says, is to work with independent providers, those who are outside of the existing system seeking to build something that’s more provider-centric.

“We are going to work with those in direct care and concierge medicine, independent or freelancer, and build a platform that allows them to onboard their patients directly. We’ll also work with self-insured employers who don’t want to engage with managed care organizations but do want to have an infrastructure in place in lieu of working with the existing systems.”

The Blockchain Trust Architecture

In the book The Blockchain and the New Architecture of Trust, Kevin Werbach Professor of Legal Studies and Business Ethics at the University of Pennsylvania Wharton School of Business argues that in an era where trust in institutions of all kinds are collapsing, the blockchain offers new hope.

He says that blockchain has led to the launch of hundreds of companies, billions of dollars of investment, and adoption by companies from Walmart to the New York Stock Exchange. Yet a  clarified framework for the space is still needed around governance, regulation, and law to emerge as a true platform of trust.

Michael Marchant, Health Information Exchange and Integration Director for UC Davis Health says that he is actively working to leverage technology to better connect patients with their health information. As the point person for blockchain related issues for this Sacramento area  hospital system,  he laments at how vendors who are directed to him remark “hey, we have this really cool blockchain thing that does this, that or the other.”

In response, Marchant offers this closing thought: “No one cares about the underlying technology when what we’re looking for is what problem will it solve, does it have a use case, and what’s the value proposition. I believe that for blockchain technology to gain any traction, least in an organization like U.C. Davis, no one is really looking at it as a technology. All we want to know is whether it will deliver a trusted, proven solution for a particular problem we’re facing.”  

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Source: https://blockchainhealthcarereview.com/in-blockchain-we-trust-the-new-healthcare-mantra/?utm_source=rss&utm_medium=rss&utm_campaign=in-blockchain-we-trust-the-new-healthcare-mantra

Blockchain

Coin Metrics Report Details Surges in ETH, Doge Trading

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Digital currency research firm Coin Metrics has released a new report claiming that bitcoin is beginning to lag when compared with the likes of competing altcoins such as Ethereum and Dogecoin.

Coin Metrics: Altcoins Are Taking Over

While bitcoin is still the world’s number one digital currency by market cap (it is currently trading for about $35,000 per unit), the asset has experienced some serious dips over the past month, while by contrast, Dogecoin and Ethereum have exhibited gains and are regularly moving up the digital ladder.

Coin Metrics garnered much of the information for its report by looking at data from Binance, arguably the largest and most popular crypto exchange on the planet in terms of daily trading volume. Additional statistics were gathered from exchanges such as Coinbase and FTX. Coin Metrics points out that thus far, 2021 has been the year for “smaller altcoins,” suggesting that a great many of them have surged heavily between the months of January and early May. From there, however, a serious crypto crash has taken precedence, with Coin Metrics unable to pinpoint what, exactly, might have been the cause.

For the most part, numerous altcoin pairs are offered on Binance, which explains why the company’s trading volume for many of the world’s smaller assets likely overtook that of bitcoin. The report says:

ETH volume surpassed BTC volume on Coinbase by a wider margin than on Binance. Coinbase did not offer Dogecoin trading in May (although they introduced it in early June), so it did not have a Doge rush similar with Binance, but it did have a relatively high amount of volume for some other altcoins, led by MATIC, ADA and Ethereum Classic (ETC)… Continuing the trend, ETH volume edged out BTC on FTX, although not by much, but comparatively, the top altcoins made up a lower percentage of total volume on FTX than on Binance and Coinbase.

Some of the world’s smaller exchanges – such as Huobi – also saw Ethereum and Dogecoin trading surge to levels beyond what people were doing with bitcoin. The report continues to say:

Similar with Binance, DOGE volume surged on Huobi, taking the spot as the third most traded currency by volume.

Bitcoin Hasn’t Been Fully Cut Out Yet

The only place – according to the document – where bitcoin trading appears to remain dominant at the time of writing is the CME in Chicago, Illinois. The company delves in bitcoin futures trading and has recently opened the door to ETH futures, though this is still in its early stages. Coin Metrics writes:

The markets continued to move mostly sideways over the last week. Bitcoin and Ethereum usage both stayed relatively flat, with daily active addresses dropping 2.5 percent and growing by 3.3 percent, respectively. Ethereum daily transaction fees dropped by over 35 percent week over week as gas prices continued to fall, and bitcoin transaction fees followed a similar pattern, dropping by 40.5 percent.

Tags: bitcoin, Coin Metrics, dogecoin, Ethereum Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.livebitcoinnews.com/coin-metrics-report-details-surge-in-eth-doge-trading/

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Bitcoin Taproot upgrade finally achieves activation lock-in!

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The much-anticipated Bitcoin Taproot upgrade passed the Speedy Trial, which was a signaling period which gauged support for the upgrade from bitcoin’s mining sector. Since SegWit, Taproot has been touted as the next significant upgrade for Bitcoin.

Data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, released an interesting yet hilarious video to announce the completion of the lock-in stage.

On the official page, it read:

“This period has reached 1815 Taproot signaling blocks, which are required for lock-in.”

Different mining pools tweeted their support for the upgrade on their respective platforms with Slush Pool being the first to do so.

AntPool also supported the upgrade.

What’s next?

Bitcoin core developer Pieter Wuille further elaborated on the path leading to the full activation step for Taproot in a series of tweets. He stated:

“As of block 687284, Taproot signalling has reached 1815 blocks this period, guaranteeing that absent very deep reorgs, it is guaranteed to lock in. Following that, it will activate at block 709632, probably around mid-November 2021.”

He also addressed that ‘there is a lot of work left of course’, which included:

a) PSBT extensions to communicate Taproot keys/scripts/signatures,

b) MuSig2 standardization so the software can cooperate in signing,

c) Output descriptors,

Why is it so important?

Fred Thiel, CEO of Marathon Digital Holdings stated:

“With this upgrade, you’ll see Bitcoin to be the settlement network. Funds are transferred from one institution to another, say one bank to another.”

He added,

“The update would lower the data size of smart contracts, in turn lowering transaction costs. Taproot is also expected to enhance smart contract functionality and efficiency.”

Jeremy Rubin, a Bitcoin Core contributor and founder of Judica projected a similar optimistic narrative,

“With taproot, you get optimization of Bitcoin, much different from how people know Bitcoin today- little too inefficient or reveal too much information about what you’re trying to do. Taproot helps to be private and efficient.”


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-taproot-upgrade-finally-achieves-activation-lock-in

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Next-Gen Decentralized NFT Platform, NEFTiPEDIA Announces Launch of its ICO In 3 Days

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Next-Gen Decentralized NFT Platform, NEFTiPEDIA Announces Launch of its ICO In 3 Days

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NEFTiPEDIA, a next-generation decentralized NFT platform that operates in a way that contributes to the elevation of digital artists, creators, and investors has announced the launch of its ICO which is set to happen in 3 days.

NEFTiPEDIA has designed a commission-free platform to enable its artists to maximize income, following its aim to help them increase revenue via NFTs.

Following NEFTiPEDIA’s plans to storm the marketplace while launching its ICO, it aims to serve the marketplace with different categories of products including cosmetics, vehicles and property.

“….we believe NEFTiPEDiA will become a community-run marketplace and the industry will make our project as a kind and remarkable one in the world,” the announcement reads.

The development will see the platform provide a decentralized marketplace for Artists, where they can sell and validate their NFT links to fans and interested buyers.

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NEFTiPEDIA Offers Exciting Prizes to Users

The team behind the project have allotted a total of 250,000,000 $NFT tokens for its users to enjoy in the upcoming ICO.

To further celebrate the intended development, the platform has proposed a referral scheme where winners can enjoy amazing and exciting prices.

Users who wish to participate in the program are required to sign up for the platform’s ICO panel and get a referral code.

The code can as well be shared with friends, giving users the opportunity to win exciting prizes.

A minimum of 5 referrals is required for participants to be considered for winning.

“Only those referrals ended in purchase will be added to the count. After the completion of ICO in 30 days, winners will be announced. Notably, winners will bear all the applicable tax.” The team further elaborated on the conditions for winning.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/next-gen-decentralized-nft-platform-neftipedia-announces-launch-of-its-ico-in-3-days/

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