The ICO for Petlife supports its blockchain platform, which provides 24/7 veterinary medical assistance through telemedicine and artificial intelligence.
By using the App the owner of the pet can ensure essential medical assistance for the pet, namely remote consultations, interpretation of medical test results, storage of data and electronic prescription. In turn, the veterinary specialist carries out consultations, makes medical reports and gets payment.
Petlife has the ready-made prototype of the telemedicine platform. The service allows to collect clinical information, store medical data, prepare for medical testings, carry out primary and further consultations, monitor key indicators, control drug therapy and quality of treatment, make reports, carry out transactions. Petlife has been clinically tested and is starting to work on the market. The service has got reviews of the medical community and first clients opinions.
The clinical assistant model is being developed at the moment. It will work by means of self-learning neural networks. The module will create the optimal variant of pet treatment on the base of intermediate and input data, for instance, complaints, symptoms, results of medical tests, anamnesis.
The pet owner needs to choose the specialist (it may be a general veterinarian or narrow specialist, for example, a surgeon, radiologist, infectiologist), convenient time for a consultation, way of contacting the vet (video consultation, chat or call).
The veterinarian goes through the medical record of the pet and the results of preceding tests and previous recommendations, studies the anamnesis, asks questions about pet’s health, and after the consultation the specialist makes reports, writes prescriptions for medication and gives necessary recommendations.
The electronic medical record stores the full course of treatment, fixes all the changes of pet’s state of health which can be added to the record by the veterinarian or the pet owner. This medical record belongs to a certain pet and remains unchangeable even if the pet is taken by another owner.
Key features of PetLife
Remote consultations. During the consultation the vet can set a diagnosis, determine the course of treatment, analyze the results of medical testings and makes recommendations remotely.
Schedule. The veterinarian indicates consultation time, gets through the patient’s profile and sets the price for the consultation.
Emergency assistance. Even if the veterinarian isn’t online at the moment and so can’t respond to your message, other specialists receive the notification about your request.
Video chat. The attending veterinarian estimates the pet’s state of health, writes a prescription, works out the treatment plan and gives recommendation.
Data integrity. Data stored in smart contracts is encrypted and distributed between the nodes. It guarantees that no node will be lost or altered without a permit.
Billing system. Payment for the service by the patient and billing by the vet are carried out with fiat money or cryptocurrency.
Petlife solves the following problems:
- The pet owner and the pet are far away from the city, or it is impossible to find the veterinarian in the nearby area. Then the option of the video consultation should be used.
- The pet owner doesn’t trust the attending veterinarian or the diagnostician. In this case the Second Opinion service may be useful.
- The pet owner cannot find the pet’s medical record. The solution is the electronic veterinary record.
- The essential medicine is only dispensed on prescription. In this case the pet owner can get the electronic prescription.
- The pet owner doesn’t have enough time to go to the clinic. Then telemedicine is the most optimal solution.
Blockchain medical record
In Petlife anamnesis, all testings results, presumed diagnosis and other information about the treatment of the pet whose owner wants to get a consultation are added to the electronic medical record that may be updated. In the App medical data is stored and the medical record is made. The veterinarian can study all the data to be ready for the forthcoming consultation, control alteration of the clinical indicator, estimate the treatment dynamics, send the patient to have some additional testings done, write prescription.
Petlife provides the possibility to carry out consultations remotely in real time. The veterinarian can hold scheduled or emergency consultations with the pet owner by using video communication. Besides, the service enables several vets from different veterinary medical centres (up to 16 specialists at once) to hold discussion on complicated clinical cases. When the consultation finishes, the veterinarian makes a medical report, determines the course of the treatment, prescribes needed testings, gives recommendations and writes an electronic prescription.
Petlife is the first application for veterinarians and pet owners which functions by means of smart contracts developed on the base of the blockchain technology. The Petlife smart contracts constitute a special computer algorithm. It monitors payment for services, data storage and input in the blockchain medical record. By using smart contracts, pet owners, veterinarians, clinics, and pharmaceutical companies can provide pets with necessary treatment, exchange information with each other, seek for needed drugs and pay for services.
The artificial intelligence technology in the Petlife App identifies patterns in data got during previous testings, forecasts the possible deterioration of the pet’s state of health taking into account medical data got earlier, enables the vet to develop the plan of effective treatment of the pet, makes prompts and alternative ways to solve medical issues.
Petlife in the legal field
VCPR (Veterinarian-Client-Patient Relationship) is the jural definition of the remote consultation in veterinary medicine adopted in the USA and European countries. At the start of the project the main objective was that the service should be in compliance with the VCPR legal requirements.
What we use the blockchain technology in the Petlife App for
Data storage. Veterinary medical record contains reports of veterinarians, preoperative epicrisis and operation protocols, results of different types of diagnostics, prescriptions and recommendations. The whole chain of blocks is updated by the Petlife App online so that it allows to see the treatment dynamics or to assess the pet’s state of health.
Treatment. The Petlife App provides the access to medical data and medical record. One of the main principles of the service’s work – invariability of the chain – makes it possible for the vet to assess treatment quality, give a competent answer or make a report for judicial proceedings. The veterinary medical record can be used to control treatment quality, study the dynamics of the previous treatment and monitor the results of the current treatment course.
Payment for services. The service allows to make:
- Cross-border payments without additional charges for conversion of currency;
- Express payment between the participants of veterinary medical assistance (insurance companies, veterinary clinics and pharmaceutical companies).
PETL Cryptocurrency Tokens
The PETL token is used as an internal mean of payment on the platform. This is the token that is in compliance with the ERC20 standard and based on Ethereum.
The purpose of PETL token issue is to attract investments ranged in size from $4M to $15M to develop the blockchain veterinary record and the mobile application, realize the strategy of investment marketing and start the monetization on the target market.
The purpose of PETL purchase is the possibility to pay for Petlife services. The PETL token provides the exclusive access to the goods and the right to get termless discount up to 30% on all the services offered by the Telemedicine OÜ company in the mobile or web version of the Petlife App. By using tokens users can pay the consultation of the veterinarian, buy insurance companies products, goods and medicines for pets, new services that will be offered in the App.
In addition, users can exchange tokens with each others during paid consultations thus sharing experience of caring for exotic pets.
Andrey Fedorov, primary investor, M.D. and CEO. Has experience in the management of teams of medical specialists and was the head of the radiology department. Worked as CEO in the IT medical project and managed business practices in governmental institutions. Is well informed of all the aspects of the product development and organizational process, interested in innovations and features of medical technology.
Vlad Dyachenko, CTO. Has experience in the sphere of blockchain-development. Works on the development of the Petlife App: writes BACKEND and FRONTEND, builds Ethereum-based smart-contracts, checks the quality of the security system and teaches the service to use tokens. Vlad is a certified specialist in a number of technologies.
Marina Kuzmicheva, CMO. Develops the content plan and the marketing strategy. Works on the development, implementation and realization of marketing plans, coordinates marketing campaigns and controls the routine marketing actions of the organization.
Petlife has social significance. Every day thousands of animals need treatment. Every year the market of veterinary services is growing by 8%, and in 2017 it amounted to $30 billion. Medicine is not keeping pace with the dynamics of the market. There are some difficulties – lack of specialists, high cost of services, extra appointments, taking drugs without a prescription and low quality of medical assistance.
Petlife solves these problems with the help of telemedicine and blockchain. The service unites veterinarians and pet owners in a single ecosystem. The Petlife App provides video communication with the veterinarian, electronic prescription, medical record, search for the best vet, convenient payment for veterinary services and clinical protocols.
Primary investor, M.D. and CEO of “Petlife”. Has experience in the management of teams of medical specialists and was the head of the department of radiology. Worked as CEO in IT medical project and managed business practices in governmental institutions. Is well informed of all the aspects of the product development and organizational process, interested in innovations and features of medical technology.”
Legacy Records, The First Record Label Paying Music Artists In Crypto
From painters to digital artists to musicians, crypto continues to find integration across artistic mediums. Music continues to be a field that is ripe for revitalization, from a business standpoint. Accordingly, a number of different musicians have been releasing songs and albums as NFTs. Now, we have what’s being reported as the first official record label looking to get involved. The label looks to have artists join the ranks of other musicians getting involved in crypto.
In a press release issued to start this week, Legacy Records CEO Keishia McLeod said it came down to “either get involved or get left behind”. McLeod cited unique income stream opportunities for artists and closed by saying that “this is the future, not a trend”. McLeod has stated previously her intent to drive the label to be at the forefront of leveraging emerging technology in music.
There are two major buckets contributing to Legacy’s approach. The first is the most notable, as the label will become the first to offer artists an opportunity to receive their advance and royalty payments in the form of crypto. The second is to engage artists with NFTs, allowing fans to participate in auctions for unique content. The label’s specific plans around NFTs, and number of artists seeking to get paid in crypto, have not yet been disclosed.
As the crypto market grows, both artists and businesses are getting involved | Source: CRYPTOCAP-TOTAL on TradingView.com
Legacy Music’s Broader Business Growth
Las Vegas-based Legacy Records, not to be confused with Sony’s Legacy Recordings, will look to take advantage of the potential press buzz from the announcement. However, in tandem with the release, the label also announced a to-be-name music distributor who has also agreed to pay Legacy Records artists in bitcoin. The label also merged with New Jersey entertainment lawyer Navarro Gray’s ‘The Gray Firm’, to provide legal guidance around digital execution.
McLeod has noted previously that the label has desired being a mainstay in revolutionizing the way music artists do business. In a January interview with the LA Tribune, McLeod cited Netflix’s impact on the film industry, adding that “we haven’t seen that yet in this industry, but it’s coming. We’re going to be a large part of making that happen”.
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Music Artists Emerging Into Crypto
Legacy’s roster has the potential to join a growing list of music artists that continue to engage with crypto and NFTs. Last month, we wrote about long-time hip-hop artist Eminem partnering with Nifty Gateway to release original instrumental beats. Saturday Night Live promptly had a sketch explaining the digital collectibles parodying Eminem’s “Without Me”.
Other musicians engaging with NFTs include DJ Premier, 3LAU, The Weeknd, Linkin Park’s Mike Shinoda, and more.
Each week, our team recaps the week’s NFT action with ‘NFTs In A Nutshell‘ – covering everything NFT, from sport, music, and more.
Featured image from Pixabay, Charts from TradingView.com
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XRP, Dogecoin, Chainlink Price Analysis: 17 May
Dogecoin required to counter bearish conditions before a jump above $0.569 resistance. Lastly, Chainlink needed to push above $45.5 to trigger a bullish comeback after a descending triangle breakdown.
Gains made over the last three days were impressive especially considering a bearish broader market, but sellers returned at $1.52-resistance. At press time, the cryptocurrency traded within the channel $1.52-$1.31 and reflected a degree of equilibrium between the buyers and sellers. For those hoping to make profits from a volatile XRP market, ADX’s movement dimmed expectations. Since mid-April, ADX has been on a steady decline and a period of consolidation seemed likely.
RSI hovered in the neutral territory around 50. A symmetrical triangle awaited a breakout to the upside and the Fibonacci tool presented a few target levels above the 200% extension level north of $3 (not shown).
On the daily timeframe, Dogecoin showed some sideways movement as bulls prepared for the next upswing. The channel between $0.523 and $0.373 was bolstered by the 20-SMA (blue) and formed a reliable buy zone should another dip occur.
As mentioned earlier, breaking above $0.569 resistance could trigger another rally in the DOGE market. Steering clear of $0.73-resistance would heighten the chances of DOGE touching $1. However, bearish conditions still presided and had to be countered first before any talks of an upswing. Awesome Oscillator noted bearish pressure after a series of red bars. MACD line remained below the Signal line but a bullish crossover could signal the onset of an uptrend.
Chainlink broke south from a descending triangle and a single candlewick dropped as low as $35.1- representing losses of 14% from the bottom trendline. Now below its 50-SMA (yellow) on the daily timeframe, bearish sentiment could lead to another sell-off towards $31 for LINK. On the other hand, some buying volume was noted on the 4-hour timeframe. A pickup in volumes and buying pressure could lead to a resurgence above $45.5 and this would likely push LINK beyond $50. A broader market recovery could act as a catalyst for such a price swing.
Meanwhile, RSI’s lower highs confirmed weakness after LINK formed a peak at $52.9. Even though Chaikin Money Flow dipped over the past couple of days, the index was still well above the half-line as capital inflows outmatched outflows.
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Speculation Tesla Dumped Its Bitcoin Holdings Denied By Musk
Elon Musk puts to bed rumors that Tesla has sold its remaining Bitcoin holdings. The comments came following his second attack on the leading cryptocurrency. This time, he called out the dominance of Chinese mining pools in a now-deleted tweet.
Bitcoin continued from its weekend slide with another drop today, currently down 5% at the time of writing. Given Musk’s apparent influence on markets, some insist he exercises more restraint on social media.
Tesla Has Not Dumped Its Bitcoin
Last week, the Tesla boss announced his firm would no longer accept Bitcoin as payment for its EVs. The reason he gave was a growing concern about the use of highly polluting coal by miners.
This coincided with a mass sell-off in which Bitcoin was hit particularly hard, closing the day down 13% to $49.5k.
Today, Musk tweeted that Bitcoin is highly centralized due to the small number of mining pools that control the network. He maintains that coal is a significant power source for miners, despite counter claims that the network runs mostly on renewable sources.
“A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. Sound decentralized to you?”
In amongst the responses, @CryptoWhale suggested that Tesla will sell their Bitcoin holdings. Adding that, if that happened, Bitcoiners would only have themselves to blame. He was referring to the outpouring of hate directed at Musk.
Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings.
With the amount of hate @elonmusk is getting, I wouldn’t blame him…
— Mr. Whale (@CryptoWhale) May 16, 2021
Musk replied to the tweet with a response of “Indeed.” Some publications interpreted this as confirmation that Musk had already dumped his Bitcoin holdings.
But in a semblance of grace, Musk put the record straight by saying Tesla has not dumped its BTC holdings.
“To clarify speculation, Tesla has not sold any Bitcoin.”
However, with everything that has gone on since last week, is it only a matter of time before Tesla sells up?
Musk Should Be Aware Of His Influence In Moving Markets
Key crypto figures have rallied together in support of Bitcoin. Michael Saylor announced a $15 million BTC buy adding to MicroStrategy’s already substantial war chest, while Jack Dorsey tweeted a message of support in improving its green credentials.
However, @PlanB took a less nuanced approach by accused Musk of deliberating trying to destroy Bitcoin. The comment came in a poll asking his followers whether Musk has derailed Bitcoin from meeting expectations per the stock-to-flow model (S2F).
S2F refers to a predictive model based on scarcity over time. PlanB, who adapted it for Bitcoin use, puts the price of BTC at a minimum of $100,000 by year-end.
The Managing Partner and Co-founder of Nexo, Antoni Trenchev, said Musk should “wake up” to his influence in moving markets.
“He has to wake up to the reality that with his following, even single-worded tweets can move markets.”
But as some would suggest, he is already well aware of his clout in that regard.
Source: BTCUSD on TradingView.com
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