Tag Archive : Blockchain

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shape: Can Blockchain be the answer to healthcare related data management issues? Image: Cointelegraph


© ZDNet

Can Blockchain be the answer to healthcare related data management issues? Image: Cointelegraph


Singapore has developed a blockchain-powered application touted to better manage and secure medical records. Enabling healthcare data to be stored in a digital wallet, the software has been used in a pilot in which COVID-19 discharge memos have been verified more than 1.5 million times. 

Government-owned investment firm SGInnovate and local startup Accredify jointly developed the “digital health passport” to support the management of medical records. Work on the application had begun in May during the height of the global pandemic, when SGInnovate roped in Accredify on the project. The Singapore startup specialises in document lifecycle management products, including document management and verification. 

Funded by the Ministry of Finance, SGInnovate focuses its investment on deep tech startups that work on emerging technologies such as artificial intelligence, quantum technology, and medical technology. 



a circuit board: Key takeaways from Singapore healthcare data breach


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Twitter
TWTR
chief executive Jack Dorsey is one of bitcoin’s biggest proponents in Silicon Valley.

Dorsey, who earlier this month said bitcoin is “probably the best” native currency of the internet, has previously gone as far as saying bitcoin has the potential to be the world’s sole currency by 2030.

Now, speaking at the virtual Oslo Freedom Forum 2020, Dorsey has said bitcoin and its underlying decentralized blockchain technology are the future of Twitter.

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“Blockchain and bitcoin point to a future, and point to a world, where content exists forever, where it’s permanent, where it doesn’t go away,

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– Facilitates analysis of blockchain activities such as cryptocurrency transactions

– Designed to support management of legal, compliance and fraud risks

– Beta version available free for individual use on blockchain.ey.com

LONDON, Sept. 27, 2020 /PRNewswire/ — EY today announced the availability of a new Explorer & Visualizer solution, an expansion of the EY Blockchain Analyzer product suite, beta version available free for individual use and soon to be available as-a-service on blockchain.ey.com. The Explorer & Visualizer solution integrates search functionality with visualization technology, allowing users to explore, track and analyze in-depth patterns and trends for on-chain data which could support management of legal, compliance and fraud risks.

EY - Building a better working world (PRNewsFoto/EY) (PRNewsfoto/EY)
EY – Building a better working world (PRNewsFoto/EY) (PRNewsfoto/EY)

The Explorer & Visualizer solution makes it possible for internal audit teams and forensics accountants to search for specific transactions, addresses and blocks to gather relevant information. The initial release supports Bitcoin,

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We hear about Blockchain and Bitcoin every day; however, it should be noted that Blockchain is way beyond Bitcoin and cryptocurrencies. It is a platform which is being used for carrying out economic transactions in the most incorruptible way. As a matter of fact, this technology can be used not only for economic transactions but for anything of value in a virtual way. Blockchain is being used in the pharmaceutical industry, fashion and accessory industry, food safety industry, airlines industry and many more.

In a world where technology has reached a point where scientists are coming up with flying cars, why is one of the essential systems that form the government of a country still unsecured and rigged? With the advancement of technology, everything has become a lot more transparent and convenient, then why is this technology not being used to carry out easy and fair elections? In most countries, … Read More

1. Killing Trusted Third Parties:

Blockchain the unchanging, scrambled, decentralized – record has a capability of making each concentrated procedure, action, and association completely self-ruling. This implies we can dispose of mediators, experts, and beat the trust of third parties. In this manner, streamlining each business, administration and non-benefit movement.

The ebb and flow scene of home loans requires a mind boggling web of title looks, title protection, and incalculable minor exchange charges that are important to keep the framework running. These frameworks exist on the grounds that, truly, the exchange of land has been a procedure that requires a lot of trust in dated records. Be that as it may, the Blockchain would address these worries, and a particular property’s record can contain an obvious and approved history of exchanges, limiting the requirement for foundations to give chance relief and put stock in administrations, rather the exchange can exist … Read More

Let’s say that a new technology is developed that could allow many parties to transact a real estate deal. The parties get together and complete the details about timing, special circumstances and financing. How will these parties know they can trust each other? They would have to verify their agreement with third parties – banks, legal teams, government registration and so on. This brings them back to square one in terms of using the technology to save costs.

In the next stage, the third parties are now invited to join the real estate deal and provide their input while the transaction is being created in real time. This reduces the role of the middleman significantly. If the deal is this transparent, the middleman can even be eliminated in some cases. The lawyers are there to prevent miscommunication and lawsuits. If the terms are disclosed upfront, these risks are greatly reduced. … Read More

Blockchain technology applied to medical research can improve trust in science by creating an unchangeable, time stamped record of the research findings. Blockchain technology, invented by Satoshi Nakamoto in 2008, ensures that transactions entered into a ledger cannot be changed with time. As applied to the cryptocurrency bitcoin (BTC), the result is a monetary system that, cannot be manipulated by a centralized government because it creates a permanent and accurate record of all transactions. The strength of the system comes from its use of a distributed database as compared to current monetary systems that require a centralized database such as is used by credit card companies and banks. Applying this same technology to medical research increases trust in the results because just like bitcoin, the transactions (scientific data collected) are permanently archived in an unchangeable, immutable manner.

The exchange of money, just like the conduct of medical research, requires a … Read More

The Future of Blockchain Technology

May 2, 2020 | technology | No Comments

What is Blockchain?

The term blockchain has been used in numerous social and corporate conversations in recent years and everyone seems to have heard about blockchain technology, but a majority of the population actually has no idea what it actually means.

In order for us to clearly explain what blockchain technology actually means allow us to give you a brief breakdown about the history of how the transaction of money has evolved. Historically whenever people used to exchange valuable items there were middle men whose sole purpose was to record the authenticity of both parties and build trust between them. Currently these middle men are known as banks. The use of banks and brokers has continued over time and with the emergence of digital assets like stock, electronic money, and intellectual property the need for a more secure method has emerged. This is because digital assets are usually files within … Read More