Credits bringing blockchain in medicine

Source : Credits bringing blockchain in medicine A term that identifies one of the key areas of innovative technology – the Internet of Things IoT-helps the objects share information through the World Wide Web in an automated mode. The concept of the IoT is based on “communicating” electronic devices among themselves without human assistance. Using TCP | IP (a packet of data transfer protocols) makes communication across a global network more accessible and allows you to consolidate systems among themselves, creating a network of networks. As a result, it is possible to change not only the business model of individual industries, but also the economics of entire states. IoT is used in agriculture, industry, finance, health care, and so forth. IoT in medicine The ability to allocate loads for medical equipment through IoT can reduce the queues in the diagnostic centers. The permanent stream of data provides a complete picture of the patient’s illness, allowing doctors to respond to any changes in a timely manner. Special devices measure important biometric data from patients and pass them to the cloud for processing and storage. In this way, the nurses visit the wards of patients who are in need at this time. Diagnostics The use of artificial intelligence (AI) to diagnose pathologies can speed up diagnosis and make it as accurate as possible. Innovative development using AI in medicine: In September 2016 Beyond Verbal Israeli company presented the AI-based system. The development is capable of diagnosing a disease by voice. In February 2017, American experts presented the world with a wireless type device that controlled the health of athletes. The tool produces results based on the control of the electronic properties of the skin. Data is sent to a smartphone or tablet. Scientists from Perm, in May 2017, introduced a special system based on NeuroNet and a method of mathematical frosting to diagnose heart and vascular disease. This system is self-paced and capable of diagnosing itself. The process takes into account about 70 indicators. Chinese specialists once again marveled at the world popping the health sector with a unique system based on artificial intelligence that could diagnose clinical problems. In less than five seconds, it handles 100 stories of disease. The machine diagnosis is more accurate by an entire 20% than a doctor’s set. Automatic diagnosis through Machine Learning will become a new step in the transformation of medicine throughout the world. Treatment through the IoT In order to make urgent assistance to the wounded on the battlefield, Israeli scientists developed a prototype of a bracelet with an NFC-chip. The device stores all the patient’s health information and a GPS map of the place where the soldier was injured. Some more developments: A special sensor built into shoes is designed to remove leg pains and, in some cases, to completely heal the sick without medical intervention. Those who suffer from neuropathy of a peripheral type, which reduces the sensitivity of the legs, can use the sensors of the Ormyx company to control …

Plus…Credits bringing blockchain in medicine

Blockchain Week in New York and Conferences All Weekend (Beginning Feb. 23, 2018)

Source : Blockchain Week in New York and Conferences All Weekend (Beginning Feb. 23, 2018) The markets remain as volatile as ever, but blockchain and cryptocurrencies are immersing themselves in cities across the world. Blockchain technology was called a bubble for the last nine years, and it seems time to have overcome that accusation. Conferences are occurring all weekend long with the first ever Blockchain Week announced for New York, as they intend to become a global epicenter of cryptocurrency. New York Blockchain Week and Conferences This Week Blockchain week in one of the world’s largest cities is exceptionally exciting. This is not a single day event but an entire week. London did this earlier in the year as the UK is one of the last places hesitant to implement blockchain technology and the use of cryptocurrency. Many of their European neighbors even advertise that cryptocurrencies hurt banks, which makes sense as their purpose was to disrupt the centralized banking system. New York Blockchain Week is exceptionally exciting, but what is more noteworthy is that it will be riding the heels of a handful of conferences. New York Blockchain Week is not for over a month, while this current week is packed to the brim with conferences in a multitude of both cities and countries. This provides constant exposure and positive news coverage for blockchain technology; alleviating the negative sentiment that so often plagues the space. This Week’s Conferences Once again, this week is overflowing with conference opportunities. This spreads the word on blockchain to the world while introducing the technology while bringing in new investors. Blockchain conferences are not focused in one geographic area demonstrating the entire world’s curiosity and willingness to adopt the underlying technology. Some countries have chosen to take an unfortunate approach by banning cryptocurrencies. However, the vast majority are working toward regulation. The significant number of growing conferences month after month continues to demonstrate the importance of blockchain technology and cryptocurrencies in our current society. This week is noteworthy as there are nine conferences in nine unique cities, in six countries, and on four continents. February 21-22, Digital Integration in Wealth Management: London, UK This London event highlights itself as, “The only event to focus on the integration of digital capabilities with existing processes to enhance client engagement and reach new segments.” The conference is specializing in integrating digital assets into wealth management. In non-specialist terms, this conference is to help institutional wealth managers understand how to get involved in the digital space. This is a spectacular transition for the blockchain industry and more specifically cryptocurrencies. As wealth management groups begin purchasing and trading cryptocurrencies the value will rebound with significant force. The headline speakers for this event are some of the most famous names in wealth management. The sponsors also may be unfamiliar to blockchain enthusiasts but manage hundred million and sometimes billion dollar portfolios. Will Bailey is representing, InvestCloud, as their European Vice President (EVP). Another headliner is Kristen Burt, Head of Marketing …

Plus…Blockchain Week in New York and Conferences All Weekend (Beginning Feb. 23, 2018)

R3 Pilots Blockchain Commerce Finance Platform with International Banks

Source : R3 Pilots Blockchain Commerce Finance Platform with International Banks Blockchain software program startup R3, commerce finance tech supplier TradeIX and a gaggle of main banks have moved their Marco Polo commerce finance platform to the pilot stage. The information follows on from what the companies name in a press launch a “profitable” proof-of-concept that commenced final September in partnership with BNP, Commerzbank and ING. The undertaking is ultimately hoped to see additional enlargement this yr, with further banks and third-party service suppliers, together with credit score insurers and enterprise useful resource planning and logistics suppliers, approaching board. The businesses purpose to develop a “absolutely interoperable” open-source commerce finance community constructed with R3’s distributed ledger expertise (DLT) product Corda and delivered over TradeIX’s open TIX platform. The answer presently addresses three areas of commerce finance: threat mitigation, payables finance and receivables finance, in line with the discharge. “The assessments ING ran as a part of the proof-of-concept enabled us to see the worth this answer might ship in three separate areas of commerce financing. The expertise ran quick and easily and the optimistic outcomes confirmed us we’re heading in the right direction and able to take the following step by getting into right into a pilot,” stated Ivar Wiersma, head of innovation at ING Wholesale Banking. Conventional paper processing throughout provide chain processes is a “important burden” to companies, in line with Connie Leung, Microsoft’s senior director and monetary companies enterprise lead, Asia. “The trade has been searching for options to simplify and digitize commerce, making provide chain ripe for the advantages of blockchain expertise,” she stated. R3 is already working with Microsoft, having already moved to extra deeply combine its Corda platform with the Azure cloud service late final yr. Worldwide commerce picture through Shutterstock The chief in blockchain information, AllCoinCompare is an unbiased media outlet that strives for the very best journalistic requirements and abides by a strict set of editorial insurance policies. Have breaking information or a narrative tip to ship to our journalists? Contact us at information@allcoincompare.com. Tags: Banking, Corda, R3, Trade Finance The post R3 Pilots Blockchain Commerce Finance Platform with International Banks appeared first on All Coin Compare.

R3 Pilots Blockchain Commerce Finance Platform with International Banks

Source : R3 Pilots Blockchain Commerce Finance Platform with International Banks Blockchain software program startup R3, commerce finance tech supplier TradeIX and a gaggle of main banks have moved their Marco Polo commerce finance platform to the pilot stage. The information follows on from what the companies name in a press launch a “profitable” proof-of-concept that commenced final September in partnership with BNP, Commerzbank and ING. The undertaking is ultimately hoped to see additional enlargement this yr, with further banks and third-party service suppliers, together with credit score insurers and enterprise useful resource planning and logistics suppliers, approaching board. The businesses purpose to develop a “absolutely interoperable” open-source commerce finance community constructed with R3’s distributed ledger expertise (DLT) product Corda and delivered over TradeIX’s open TIX platform. The answer presently addresses three areas of commerce finance: threat mitigation, payables finance and receivables finance, in line with the discharge. “The assessments ING ran as a part of the proof-of-concept enabled us to see the worth this answer might ship in three separate areas of commerce financing. The expertise ran quick and easily and the optimistic outcomes confirmed us we’re heading in the right direction and able to take the following step by getting into right into a pilot,” stated Ivar Wiersma, head of innovation at ING Wholesale Banking. Conventional paper processing throughout provide chain processes is a “important burden” to companies, in line with Connie Leung, Microsoft’s senior director and monetary companies enterprise lead, Asia. “The trade has been searching for options to simplify and digitize commerce, making provide chain ripe for the advantages of blockchain expertise,” she stated. R3 is already working with Microsoft, having already moved to extra deeply combine its Corda platform with the Azure cloud service late final yr. Worldwide commerce picture through Shutterstock The chief in blockchain information, AllCoinCompare is an unbiased media outlet that strives for the very best journalistic requirements and abides by a strict set of editorial insurance policies. Have breaking information or a narrative tip to ship to our journalists? Contact us at information@allcoincompare.com. Tags: Banking, Corda, R3, Trade Finance The post R3 Pilots Blockchain Commerce Finance Platform with International Banks appeared first on All Coin Compare.

Better Reduced Remittances in Saudi Arabia with Ripple Blockchain – Moody’s investors services

Source : Better Reduced Remittances in Saudi Arabia with Ripple Blockchain – Moody’s investors services Agreement has been signed in between (Saudi Arabian Monetary Authority) SAMA and Ripple. As per which xCurrent payment method will be deployed for cross-payments, which might assist in generating a savings of close to $400 million every year. Ripple Blockchain distributed ledger technology:  Unraveling the insites As the news goes, UAE Exchange has announced its deal with Ripple money transfer program which allows ‘real-time’ cross-border payments with better speed, transparency and measurably lesser cost. Basically, soon a  pilot program will be launched, which with the use of distributed ledger technology (DLT) will assist Saudi banks in exploring new cross-borders transactions solutions while saving up to $400 million in coming time frame. Proper preparation like program management / supervision and a list of other support amenities has been assured to be instigated by Ripple and SAMA. As a matter of fact, to make sure technology is applicably adopted before initiating its wider use, a pilot program has been designed with a small number of banks and minor transactions. As per Moody’s, with a broader community of migrant workers like most other GCC countries, a huge difference can add up to a large number of low-value remittance transactions to home countries. Also, Moody’s investors services added that “Saudi banks will potentially improve their profitability on cross-border transactions by reducing the cost of each transaction while gaining revenue with higher volume as the customer experience improves with the saving of money and time”. If we have to put it in numbers, as per Moody’s estimations, even a reduction of 10% in the cost of cross-border transactions, can assist in saving up to $200 -$400 million per year. Factors highlighted while introducing Ripple remittance program, An estimated drop of 50% on remittance fees. An initiative just to serve as an intermediary between Saudi Arabia’s banks and global banks. No guarantee of hasty or impulsive widespread use of distributed ledger technology (DLT) for cross-border payments, even in Saudi Arabia. Ripple partnerships led its blockchain technology to rule the market Definitely Commencing a global move towards blockchain A step ahead by the team of Ripple, after successfully completing a proof of concept with the bank of England (using DLT to enable two separate real-time gross settlement system). Even though blockchain technology can be still stated as an untested stage for money transactions, this pilot program will definitely assist in addressing the problems linked with interbank transfers and transfers which run through multiple banks. With two main products, named as xCurrent and xRapid, the deal in between Saudi Arabia and ripple is based on xCurrent for greater transparency and lower cost. (xCurrent – a ripple enterprise software solution which supports banks in settling cross-border payments instantly’ with complete transparency and end to end tracking). More than 100 financial institutions are already working with the ripple to make their end-to-end transactions more transparent and instant settlement of payment. What are your thoughts on …

Plus…Better Reduced Remittances in Saudi Arabia with Ripple Blockchain – Moody’s investors services

Better Reduced Remittances in Saudi Arabia with Ripple Blockchain – Moody’s investors services

Source : Better Reduced Remittances in Saudi Arabia with Ripple Blockchain – Moody’s investors services Agreement has been signed in between (Saudi Arabian Monetary Authority) SAMA and Ripple. As per which xCurrent payment method will be deployed for cross-payments, which might assist in generating a savings of close to $400 million every year. Ripple Blockchain distributed ledger technology:  Unraveling the insites As the news goes, UAE Exchange has announced its deal with Ripple money transfer program which allows ‘real-time’ cross-border payments with better speed, transparency and measurably lesser cost. Basically, soon a  pilot program will be launched, which with the use of distributed ledger technology (DLT) will assist Saudi banks in exploring new cross-borders transactions solutions while saving up to $400 million in coming time frame. Proper preparation like program management / supervision and a list of other support amenities has been assured to be instigated by Ripple and SAMA. As a matter of fact, to make sure technology is applicably adopted before initiating its wider use, a pilot program has been designed with a small number of banks and minor transactions. As per Moody’s, with a broader community of migrant workers like most other GCC countries, a huge difference can add up to a large number of low-value remittance transactions to home countries. Also, Moody’s investors services added that “Saudi banks will potentially improve their profitability on cross-border transactions by reducing the cost of each transaction while gaining revenue with higher volume as the customer experience improves with the saving of money and time”. If we have to put it in numbers, as per Moody’s estimations, even a reduction of 10% in the cost of cross-border transactions, can assist in saving up to $200 -$400 million per year. Factors highlighted while introducing Ripple remittance program, An estimated drop of 50% on remittance fees. An initiative just to serve as an intermediary between Saudi Arabia’s banks and global banks. No guarantee of hasty or impulsive widespread use of distributed ledger technology (DLT) for cross-border payments, even in Saudi Arabia. Ripple partnerships led its blockchain technology to rule the market Definitely Commencing a global move towards blockchain A step ahead by the team of Ripple, after successfully completing a proof of concept with the bank of England (using DLT to enable two separate real-time gross settlement system). Even though blockchain technology can be still stated as an untested stage for money transactions, this pilot program will definitely assist in addressing the problems linked with interbank transfers and transfers which run through multiple banks. With two main products, named as xCurrent and xRapid, the deal in between Saudi Arabia and ripple is based on xCurrent for greater transparency and lower cost. (xCurrent – a ripple enterprise software solution which supports banks in settling cross-border payments instantly’ with complete transparency and end to end tracking). More than 100 financial institutions are already working with the ripple to make their end-to-end transactions more transparent and instant settlement of payment. What are your thoughts on …

Plus…Better Reduced Remittances in Saudi Arabia with Ripple Blockchain – Moody’s investors services

R3 Pilots Blockchain Trade Finance Platform with Global Banks

Source : R3 Pilots Blockchain Trade Finance Platform with Global Banks Blockchain software startup R3, trade finance tech provider TradeIX and a group of major banks have moved their Marco Polo trade finance platform to the pilot stage.The news follows on from what the firms call in a press release a “successful” proof-of-concept that commenced last September in partnership with BNP, Commerzbank and ING. The project is eventually hoped to see further expansion this year, with additional banks and third-party service providers, including credit insurers and enterprise resource planning and logistics providers, coming on board.The companies aim to develop a “fully interoperable” open-source trade finance network built with R3’s distributed ledger technology (DLT) product Corda and delivered over TradeIX’s open TIX platform. The solution currently addresses three areas of trade finance: risk mitigation, payables finance and receivables finance, according to a release.“The tests ING ran as part of the proof-of-concept enabled us to see the value this solution could deliver in three separate areas of trade financing. The technology ran fast and smoothly and the positive results showed us we are on the right track and ready to take the next step by entering into a pilot,” said Ivar Wiersma, head of innovation at ING Wholesale Banking. Traditional paper processing across supply chain processes is a “significant burden” to businesses, according to Connie Leung, Microsoft’s senior director and financial services business lead, Asia. “The industry has been looking for solutions to simplify and digitize trade, making supply chain ripe for the benefits of blockchain technology,” she said.R3 is already working with Microsoft, having already moved to more deeply integrate its Corda platform with the Azure cloud service late last year.International trade image via ShutterstockThe leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

R3 Pilots Blockchain Trade Finance Platform with Global Banks

Source : R3 Pilots Blockchain Trade Finance Platform with Global Banks Blockchain software startup R3, trade finance tech provider TradeIX and a group of major banks have moved their Marco Polo trade finance platform to the pilot stage. The news follows on from what the firms call in a press release a “successful” proof-of-concept that commenced last September in partnership with BNP, Commerzbank and ING. The project is eventually hoped to see further expansion this year, with additional banks and third-party service providers, including credit insurers and enterprise resource planning and logistics providers, coming on board. The companies aim to develop a “fully interoperable” open-source trade finance network built with R3’s distributed ledger technology (DLT) product Corda and delivered over TradeIX’s open TIX platform. The solution currently addresses three areas of trade finance: risk mitigation, payables finance and receivables finance, according to the release. “The tests ING ran as part of the proof-of-concept enabled us to see the value this solution could deliver in three separate areas of trade financing. The technology ran fast and smoothly and the positive results showed us we are on the right track and ready to take the next step by entering into a pilot,” said Ivar Wiersma, head of innovation at ING Wholesale Banking. Traditional […] The post R3 Pilots Blockchain Trade Finance Platform with Global Banks appeared first on Bitcoin Wiki.

A Look Ahead at Crypto-Compliance & Regulation in 2018

Source : A Look Ahead at Crypto-Compliance & Regulation in 2018 Looking forward to 2018, several new pieces of legislation will be voted on or come into effect that will – for better or worse – reshape how ICOs, cryptocurrencies, and their investors function. Whether these laws target cryptocurrencies and initial coin offerings directly doesn’t change the fact that they will have a significant impact on the industry globally. [Note: This is a guest article by Zarah Tinholt and Matthew Unger] The past year was a year of many firsts for blockchain, ICOs, and distributed ledger technology (DLT) but 2018 is already making major waves its own right. From long term public companies such as Kodak announcing an ICO to Bitcoin’s price dropping to half of its value only a month prior – the pace of change already feels faster and more ferocious. Nonetheless, 2018 shows significant risks, threats, and opportunities as the decentralized economy starts to take hold in global financial markets. Recently, we provided an in depth look at major major trends in blockchain, initial coin offerings (ICOs), and cryptocurrency that took place throughout 2017 from a compliance perspective. They say hindsight is 20/20, so consider this article a compilation of predictions and trends, based on our research – not financial advice nor legal opinion – on major changes and opportunities in compliance and regulation. Europe – Global Data Protection Regulation In March, new rules surrounding the acquisition and storage of personal information will come into effect. This new legislation, titled GDPR (Global Data Protection Regulation), has some serious teeth: a minimum $20 Million Euro fine for improperly acquiring or storing the personal data of any citizen in the European Union. In the crypto world, it is expected that GDPR will have the biggest impact on exchanges, wallet providers, ICO issuers and ICO advisory firms. A perfect example of what not to do can be seen in the recent Sweetbridge ICO, where the issuer required investors to upload passport or government ID into a Docusign form. As another example, blockchain startups offering to store personal identity on blockchain – encrypted or not, these entities are taking personal information and storing it in a publicly available dataset – a sure way to incur liability in today’s environment. Many of the issuers who come to iComplyICO have suggested emailing datasets of investor information, a sure way to breach privacy laws in multiple countries. We have a strict policy to reject these practices and instead believe that zero-knowledge proof of identity – inspired by open source frameworks such as OPAL. In doing so, the ICO issuer and their advisor can make decisions around whether or not to accept funds from any investor based on the merits of compliance with KYC, AML, and other regulations without taking ownership of the investors personal data. For the investor, this provides additional layers of security where they no longer have to worry about what every new exchange they use or ICO they invest might do …

Plus…A Look Ahead at Crypto-Compliance & Regulation in 2018

A Look Ahead at Crypto-Compliance & Regulation in 2018

Source : A Look Ahead at Crypto-Compliance & Regulation in 2018 Looking forward to 2018, several new pieces of legislation will be voted on or come into effect that will – for better or worse – reshape how ICOs, cryptocurrencies, and their investors function. Whether these laws target cryptocurrencies and initial coin offerings directly doesn’t change the fact that they will have a significant impact on the industry globally. [Note: This is a guest article by Zarah Tinholt and Matthew Unger] The past year was a year of many firsts for blockchain, ICOs, and distributed ledger technology (DLT) but 2018 is already making major waves its own right. From long term public companies such as Kodak announcing an ICO to Bitcoin’s price dropping to half of its value only a month prior – the pace of change already feels faster and more ferocious. Nonetheless, 2018 shows significant risks, threats, and opportunities as the decentralized economy starts to take hold in global financial markets. Recently, we provided an in depth look at major major trends in blockchain, initial coin offerings (ICOs), and cryptocurrency that took place throughout 2017 from a compliance perspective. They say hindsight is 20/20, so consider this article a compilation of predictions and trends, based on our research – not financial advice nor legal opinion – on major changes and opportunities in compliance and regulation. Europe – Global Data Protection Regulation In March, new rules surrounding the acquisition and storage of personal information will come into effect. This new legislation, titled GDPR (Global Data Protection Regulation), has some serious teeth: a minimum $20 Million Euro fine for improperly acquiring or storing the personal data of any citizen in the European Union. In the crypto world, it is expected that GDPR will have the biggest impact on exchanges, wallet providers, ICO issuers and ICO advisory firms. A perfect example of what not to do can be seen in the recent Sweetbridge ICO, where the issuer required investors to upload passport or government ID into a Docusign form. As another example, blockchain startups offering to store personal identity on blockchain – encrypted or not, these entities are taking personal information and storing it in a publicly available dataset – a sure way to incur liability in today’s environment. Many of the issuers who come to iComplyICO have suggested emailing datasets of investor information, a sure way to breach privacy laws in multiple countries. We have a strict policy to reject these practices and instead believe that zero-knowledge proof of identity – inspired by open source frameworks such as OPAL. In doing so, the ICO issuer and their advisor can make decisions around whether or not to accept funds from any investor based on the merits of compliance with KYC, AML, and other regulations without taking ownership of the investors personal data. For the investor, this provides additional layers of security where they no longer have to worry about what every new exchange they use or ICO they invest might do …

Plus…A Look Ahead at Crypto-Compliance & Regulation in 2018

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