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Patientory: Blockchain for Secure Peer-to-Peer Medical Records

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The first quarter of 2018 saw healthcare data breaches impacting over one million consumers, patients, and health care plan members. With IT and hacking incidents one of the major causes of these breaches, patients and providers alike are eager to find more secure solutions for their data.

Enter Patientory, a blockchain solution based out of Atlanta, Georgia, that plans to provide a secure means to store and share Electronic Health Records (EHR) between patients and providers. By using secure and encrypted blockchain technology and streamlining storage solutions for date, Patientory hopes to revolutionize the way we share medical records.

Patientory’s comprehensive whitepaper describes the company’s to provide a “peer-to-peer EMR record” on blockchain technology. According to Patientory, the currently-used, legacy software that physicians and providers use to store patient data can lead to frustration among medical providers.

Because of various inefficiencies and technological problems, it’s difficult for doctors to strike a balance between interacting with patients and reporting accurately on their data. In fact, Patientory suggests that frustrating record-keeping methods might have something to do with high percentages of burnout in the field: between 2011 and 2014, doctors’ burnout rate has increased from 45 to 54%.

And readmissions are a serious and costly issue in hospitals, often caused by inefficient and outdated methods of communicating patient data.

These issues is compounded by the growing anxiety about health care breaches in the industry. With data  cyber-security data breach lapses alarmingly high (and expensive), it’s clear that current solutions for EMR storage just aren’t cutting it.

What’s the Patientory solution?

Patientory’s solution is to allow the transfer of medical records between physicians and patients in a much easier, more transparent, and more secure way.

It works with providers’ pre-existing EHR systems to create an all-in-one solution: patients and their providers can communicate health information through Patientory’s secure platform. They describe themselves as a “bridge” that can effectively connect healthcare record-keeping platforms. Their goal is to help streamline and secure health data transmission processes to create better transparency for consumers, make doctors’ jobs easier, and keep data more secure using blockchain technology.

Patientory aims to help patients, providers, and healthcare organizations

1. Patients

Patientory offers a powerful resource to patients who want to be more connected to their health care records. Especially for those with chronic diseases like diabetes, access to health records will allow patients to keep tabs on their health and therefore have greater accountability, access, and control over their health.

And even for those consumers with a one-time medical issue like a surgery or procedure, Patientory allows patients a way to quickly and effortlessly communicate to providers through their own individual profile.

2. Providers

Medical professionals using Patientory will be able to record, store, and transmit secure medical information in a more streamlined way. It also helps connect them to other healthcare providers in the patients’ network, allowing them to enjoy a more interconnected network and provide the best quality medical care to their patients. It will even allow providers to chat with patients or one another through HIPAA-compliant messaging system.

3. Healthcare Organizations

Many healthcare organizations are rightly concerned about data breaches. By using Patientory’s blockchain technology to store and transmit records, organizations can put some of the concerns about data safety in the hands of experts, rather than using valuable resources preventing and recovering from costly breaches.

Why Blockchain?

Ease and security: Dash, BlockCyper, and Patientory Blockchain Network

Patientory is unique in that it hopes to integrate its own private blockchain technology with the public blockchain technologies developed by Dash and BlockCypher. Users can use Dash “wallets” to transfer payments, while BlockCypher’s APIs make for swift and secure transmission of records.

In addition, they will use their own private blockchain technology. Patientory Blockchain Network will allow for HIPAA-compliant, secure, and decentralized records using algorithms that are fully compliant with NIST (National Institute of Standards and Technology).

According to Patientory, health care information will be “shredded and encrypted” through their inter-operable blockchain network, making it extremely unlikely for it to be hacked or accessed inappropriately.

Cryptocurrency: the PTOY token

Though patients will be given a certain amount of free storage for health records with, Patientory’s PTOY tokens will allow them to purchase more data for storage. Interestingly, Patientory proposes a merit-based system in which healthcare participants can be rewarded for better care with PTOY currency. In additio, PTOY can also be used to execute smart transactions in health care organizations.

Patientory hopes to offer a solution to legacy models of storing and sharing medical information that create an undue burden on physicians, make it difficult for patients to offer their medical information, and contribute to costly health care data breaches.

Their decentralized blockchain network and powerful encryption standards should make them an amazing assets for patients, providers, and organizations alike.

Source: https://blockchainhealthcarereview.com/patientory-blockchain-for-secure-peer-to-peer-medical-records/

Blockchain

Analysis: ETH Miners Begin Selling as Twitter Sentiment Turns Bearish

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Recent data revealed that Ethereum miners have disposed of significant ETH holdings following the latest price jump towards $420. Additionally, the Twitter sentiment has turned rather bearish for the second-largest cryptocurrency after the consequent price drop.

ETH Miners Initiate Sell-Offs?

Ethereum miners, the lifeblood of the current proof-of-work consensus algorithm behind the Ethereum blockchain, have perhaps gained the most from the ongoing decentralized finance craze.

As CryptoPotato reported recently, they made a total of $166 million in fees in September alone. This was a new monthly all-time high and about six times more than Bitcoin miners.

ETH Miners Behavior. Source: Santiment
ETH Miners Behavior. Source: Santiment

As far as their balances go, they began accumulating larger portions precisely at the start of September, as the graph above illustrates. Apart from a few brief drops in their holdings, the trend continued until a few days ago.

However, as ETH’s price surged to a 7-week high of $420, miners changed their minds. The data analytics company Santiment highlighted the massive drop of ETH miners’ holdings.

Interestingly, those sell-offs coincided with ETH’s price peak. Since then, the second-largest digital asset by market cap has lost some steam and currently trades below $400.

Further Losses To Come?

Despite being one of the best-performing assets since the start of the year, Santiment’s data suggested that Ethereum may be heading even further south. Apart from miners disposing of their ETH coins, the analytics company said that the traders FOMO and the increased on-chain activity visible recently have slowed down.

Additionally, the Twitter sentiment has turned against Ethereum. Somewhat expectedly, the sentiment performs in correspondence with the price most times. For example, when ETH dipped to about $300 in September, the metric remained in negative territory for weeks.

Contrary, when ETH started pumping, so did the sentiment. Now, the trend has reversed after a sharp spike. The analytics company concluded that since the crowd sentiment has flipped back into bearish territory, the ETH token could be in for further short-term price declines.

Ethereum Twitter Sentiment. Source: Santiment
Ethereum Twitter Sentiment. Source: Santiment
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Source: https://cryptopotato.com/analysis-eth-miners-begin-selling-as-twitter-sentiment-turns-bearish/

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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[PRESS RELEASE]

Boca Raton, Florida, ChainWire – October 27, 2020 Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights.

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom.

meta1

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty.

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions are dropped or settled. If similar actions were perpetrated by non-governmental entities, there would be a basis for legal claims and damages, however government agencies are shielded by sovereign immunity laws which generally protect them from lawsuits.

Since legal actions by government agencies are sporadic, as they often involve disparate parties and lengthy investigations, the cumulative effect of their efforts is usually not seen by causal observers. META 1 will collaborate with other cryptocurrencies who have been targeted for baseless legal claims by government agencies to develop a class action-level case file that will demonstrate the cumulative actions of government agencies in an easy-to-view, compiled format.

META 1 Coin Trust will form a commission, in partnership with other cryptocurrencies, to formally research and study the results of findings via expert interviews and legal research. Once the findings are documented, legal counsel will be consulted about possible class-action efforts to potentially seek remedies from cumulative damages incurred as part of a clear pattern of targeted abuse and persecution.

Dunlap added, “We hope that government agencies will notice our efforts to highlight their unfair targeting of cryptocurrencies, so they stop these unethical tactics and allow the crypto community to live and conduct business in peace without the threat of constant harassment. We respect governments’ need to ensure law and order and to protect people’s safety. At the same time, we expect governments to also respect the individual liberties and livelihoods of law-abiding people, which is currently the issue we’ll be investigating.”

META 1 encourages any cryptocurrency issuers or coin holders who have been subjected to government agency actions in the past to contact META 1 to be a part of this study, via the company’s website contact page at:

www.meta1.io/META1Contact

About META 1 Coin Trust:

META 1 is an asset-backed cryptocurrency that was founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances the cause of human rights and leads the fight against excessive government regulation and overreach in the jurisdiction-less ecosystem of global cryptocurrency.

META 1 is also a socially conscious company that envisions a future filled with abundance and prosperity for humanity instead of overreaching lockdowns, taxation and regulations.

For more information about META 1 Coin Trust, visit: www.meta1.io

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Source: https://cryptopotato.com/meta-1-coin-trust-announces-commission-to-study-global-persecution-of-cryptocurrency-projects/

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Grayscale Study: COVID-19 Made Bitcoin Even More Attractive To US Investors

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The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency.

The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors.

US Investors’ Growing Interest In Bitcoin

Titled “Bitcoin Investor Study,” Grayscale’s 2020 research aimed at shedding some light on US investors’ perception of Bitcoin and how it has changed in a year. The expanding interest is among the most notable highlights. Grayscale noted that 36% of all surveyed participants in 2019 expressed an interest in BTC, while the percentage has grown to 55% this year.

83% of those who answered that they have previously bought Bitcoin have made their purchase in the past year. The most significant percentage here was in the past four months – 38%.

Nearly two-thirds of those particular Bitcoin investors reported that “the ramifications of COVID-19 were a factor in their decision to do so.” Furthermore, three times as many investors indicated that the pandemic had increased Bitcoin’s appeal as those reporting that it had decreased their interest in the asset.

US Investors Timeframe of Bitcoin Purchases. Source: Grayscale
US Investors Timeframe of Bitcoin Purchases. Source: Grayscale

The data also suggested that “Bitcoin is moving toward mainstream acceptance,” as 62% of the 1,000 participants said they were familiar with the primary cryptocurrency. For reference, the percentage last year was slightly over 50%.

Bitcoin To The Moon Attracts Investors

Apart from listing the COVID-19 as a motivating factor to purchase Bitcoin, the participants listed two other reasons. Being the best-performing asset of the previous decade, BTC’s potential price growth has become even more alluring to new investors. Nearly 80% named this as their most enticing aspect.

The other reason why most people have become attracted to the asset is the ability to start small. Although many investors outside of the cryptocurrency industry believe that they need to purchase at least one bitcoin to start, that’s far from the trust. As any BTC proponent will assert, people can buy even a small fraction.

65% have answered that having the option to buy less than one bitcoin has made them feel safer towards entering the space. The percentage has grown by 6 points since last year.

US Investors Buying Bitcoin Motivating Factors. Source: Grayscale
US Investors Buying Bitcoin Motivating Factors. Source: Grayscale

Despite all the rising data from above, most people still believe that they need more comprehensive educational materials before investing. They explained that the regular investor couldn’t find trustworthy information on the cryptocurrency space. However, there’s a significant number of reports covering crypto scams.

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Source: https://cryptopotato.com/grayscale-study-covid-19-made-bitcoin-even-more-attractive-to-us-investors/

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