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Pharmeum: The world’s first Blockchain and AI platform enabling access to affordable, digital healthcare globally

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Healthcare has exploded with growth numerous times over the last few decades—technology additions such as EKG/EEGs, MRI/fMRIs, robotic surgery options, and more have kept healthcare at the forefront of technological advancement. A new project, Pharmeum.io is working toward a safer healthcare industry.

In these periods of explosive growth, however, many important things have been forgotten, such as refining the prescription process and the rest of the pharmaceutical supply chain.

Pharmeum allows doctors, pharmacies, regulators, and patients to coexist in an ecosystem powered by honesty. Doctors’ prescription histories are available at will and patients’ health history can be monitored to prevent incorrect medication or dosage instructions.

By overlaying the current, digital-analog hybrid system into a fully digital, blockchain-based system, Pharmeum is allowing doctors to reduce their amount of wasted effort and reducing the potential for incorrect diagnosis, treatment, and prescription assignment. This can be accomplished by using tablets and laptops for medical record collection and dissemination as well as implementing a medication pad.

What Can Pharmeum’s Ideal Business Structure Do?

The Pharmeum roadmap highlights heavy reliance on technology that, once achieved, can help with predictive medical care by analyzing patient health history and evolving patterns as well as provide definite auditability of prescriptions and medication flows.

Building on the overlay mentioned above, Pharmeum is working to include an artificial intelligence aspect which will let them process patient history, family history, symptom information, and other data to create diagnoses earlier in case of terminal illness. This both reduces costs and helps improve patient satisfaction and quality of life.

Time savings

We’ve all been caught in line at the pharmacy while they call our physician and verify the prescription—especially for treatments we receive regularly. Why does this process remain so complicated, wasting precious minutes and hours of our lives? Pharmeum seeks to resolve this issue with blockchain, writing review periods into prescription smart contracts to minimize the time individuals spend waiting on medication.

Other areas of healthcare that can receive efficiency increases include:

  • Health insurance claim
  • New patient intake
  • Medical questionnaires
  • Referral visits

Treatment accuracy

According to the British Medical Journal, 70 percent of medication-related treatment errors come from the prescribing process alone. 80 percent of these could be reduced or eliminated with an efficient, digitized prescription system. Overall, medical error ranks third for cause of death, accounting for over half as many deaths as cancer.

Cost reduction

NHS hospitals in the U.S. spend 25 percent of their budget on administrative tasks—one-quarter of the total spending is ripe for disruption and offers huge potential for cost reduction. Globally, the U.S. spends 20 percent of the entire GDP on healthcare. Cost reduction in medical facilities can act to lower healthcare costs across the board. Other areas for cost reduction include early-stage diagnosis, prescription cost consistency, and time inefficiency for doctors.

According to Forbes, patients overpay for their medication 23 percent of the time.

What does Pharmeum’s token ecosystem look like?

Technology included in Pharmeum blockchain includes zero-knowledge proofs, prescription tokens, medicine asset tokens, and PHRM tokens. Personally Identifiable Information (PII) will be stored off-chain, while non-PII will be stored on-chain for use with artificial intelligence and other factors.

PHRM tokens can be used to pay for medical care, second opinions, medicine, and other beneficial healthcare expenses. Patients will receive PHRM tokens for sharing their healthcare data with other businesses—a more common model in the blockchain-based economies which are currently springing up around the globe.

Token allocation data:

Pharmeum Token Cap: 750,000,000

ICO Tokens Sold: 55% including pre-sale

Team & Partner Tokens Held: 20%

Ticker: PHRM

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Source: https://blockchainhealthcarereview.com/pharmeum-worlds-first-prescription-blockchain-platform-with-ai-health-analytics/

Blockchain

North America and Europe Control 88% of All Lightning Network Nodes, Research Finds

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As Bitcoin adoption grows more and more, concerns about the need for scalability solutions increase. Lightning Network is the most important layer-two development currently available on the Bitcoin blockchain, and it seems that North Americans are the favorite demographic for this efficiency-focused micropayment solution.

The Lightning Network is a layer-two solution currently under development. It focuses on the creation of channels between peers that allow for almost instant and extremely cheap transactions without the need to record it on the blokchain. The money is locked on a wallet in order for it to be available on the Lightning Network, and once a user needs to have its tokens on the Bitcoin blockchain, the channel is closed and the blockchain registers one transaction from the original wallet to the final one without registering what happened in between.

Graphic representation of how the Lightning Network works. Image: TheBlockPro
Graphic representation of how the Lightning Network works. Image: TheBlockPro

North America and Europe Rule the Lightning Network

According to a report from the University of Vienna, 45% of all Lightning Network nodes run in North America, with a large majority in the United States. Lightning Labs, the leading developer of this scaling solution, is registered in that country. Blockstream, Bitcoin’s largest development company, is registered in Canada.

Europe is the second region on the list, with 43.1% of the world’s nodes. The rest of the nodes are distributed among Asia (6.2%), Oceania (2.2%), with South America and Africa sharing a small fraction of 0.8% and 0.6%, respectively.

The contrast between the number of nodes and the adoption of Bitcoin is remarkable. Latin America has a high adoption rate of Bitcoin, according to data compiled by Chainalysis. However, it has just under 1% of Lightning Network nodes. Africa is also showing a similar picture, with a high volume of trading and adoption, but with little interest in the micro-payment system.

Channels Share Cultural Ties

Another important finding is that Lightning Network has become very popular in large urban centers. Researchers believe that this is mainly due to the better infrastructure and connectivity, which facilitates the operation of the nodes:

We could observe that LND is popular in almost all countries and also showed that within a country nodes form clusters around cities and expand into their metropolitan areas. Also infrastructure plays a significant role in the distribution of nodes within a continent or country.

They also realized that many of the nodes open channels with peers who speak the same language or have similar cultures. For example, 80% of Argentina’s payment channels are shared with Uruguay, 10% with Peru, and about 4% with Chile and Venezuela.

Most of the nodes are from large cities in Europe and North America. Image: University of Vienna
Most of the nodes are from large cities in Europe and North America. Image: University of Vienna

A similar cultural phenomenon happens in other latitudes: Kenya, for example, shares more than 70% of its channels with South Africa, while China has to share channels with Taiwan and Hong Kong, Croatia with Czechia and Bulgaria and Mexico with Colombia, Chile, Puerto Rico and Argentina.

Ethereum Grows Faster Than The Lightning Newtork

Despite being overshadowed by the DeFi hype, Lightning Network continues to grow steadily. According to data from the Lightning Network tracking site 1ML, there are currently over 14200 Lightning Network nodes in operation. The network has a capacity of over 1039 BTC.

Some of the Real-Time statistics of Bitcoin's Lightning Network. Image: 1ML
Some of the Real-Time statistics of Bitcoin’s Lightning Network. Image: 1ML

However, these statistics were recently exceeded by a somewhat heterodox solution: The number of synthetic Bitcoin tokens running on the Ethereum network already exceeded the total value of tokens moving on the Lightning Network.

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Source: https://cryptopotato.com/lightning-network-popular-north-america-europe/

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Beware: Latest Ledger Email Phishing Scam Making The Rounds

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Consumers who have purchased Ledger hardware wallets have been waking up to nasty emails claiming that their crypto assets are in danger of being stolen. It is the latest in a long list of phishing attacks designed to lure the uninitiated into divulging their secret phrases or downloading malware.

The first round of spurious emails was asking for the 24-word recovery phrase and Ledger responded with a warning emailed to customers confirming that it would never ask for this.

The second round of emails is a little more insidious as they claim that a data breach on Ledger servers has affected the wallet associated with the target email account. It asks users to download the latest version of Ledger Live, via an email embedded link, and reset their PIN numbers.

It was reported that Ledger did suffer a data breach in July resulting in 9,500 users having their personal information compromised.

Ledger scam email

Sneaky Social Engineering

On initial glance, the email looks genuine but there are a number of key giveaways that are easy to spot for the trained eye. Firstly, the domain name is not from ledger.com but legder.com

Secondly, hovering over the link in the box (but being careful not to click it) reveals a dodgy URL; http://url9594.legder.com which is likely to result in the downloading of malware which may be able to log keystrokes, steal credentials, or mine cryptocurrency.

Crypto investors and traders have already taken to twitter to share this phishing scam and warn others about it;

Additionally, Ledger itself has published a list confirming knowledge of these phishing attempts and reinforcing the premise that funds are safe providing the recovery phrase is;

The company stated that nobody, including Ledger, should ever ask for the PIN number of recovery phrase, but this latest email was a call to action prompting the clicking of a malicious link.

Risk Mitigation

Hardware wallets, such as those produced by Ledger or Trezor, take an extra step to mitigate these risks. Ledger stated that crypto assets cannot be sent from a Ledger device unless the user physically connects it to the computer and verifies the transaction on both the computer and the device.

If malware is controlling the PC or smartphone, it cannot control the Ledger wallet, even when it is plugged into the computer.

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Source: https://cryptopotato.com/beware-latest-ledger-email-phishing-scam-making-the-rounds/

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After The Storm: Bitcoin Holds $13K Despite Wall Street Monday’s Plunge

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Despite a brief price slump to $12,800, Bitcoin has perhaps indicated signs of decoupling from the stock markets. Wall Street bled out rather viciously yesterday, while BTC has risen above $13,000 again.

Bitcoin Decouples From Stocks?

During the past several weeks, Bitcoin’s price performance has resembled that of the US stock markets. For example, when news broke out that US President Donald Trump tested positive for the COVID-19 virus, both asset groups tanked. Shortly after, when Trump left the hospital, BTC, and the stock market surged.

However, Bitcoin displayed a few yearly signs of decoupling last week. The three most prominent US-based stock indexes, namely the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average, lost value, while BTC went on an impressive roll, resulting in a fresh yearly high of above $13,350.

Yesterday’s trading session was also quite negative for Wall Street. The growing COVID-19 confirmed cases and concerns regarding the new US stimulus brought massive drops. The S&P 500 and Nasdaq declined by nearly 2%, while the Dow closed with a 2.3% decrease.

Initially, Bitcoin also followed the adverse performance. BTC was trading high above $13,200, but it vigorously tanked to its daily low of about $12,800. However, the primary cryptocurrency has recovered most of its losses since then and trades closely to $13,100.

btcusdt_char
BTC/USDT. Source: TradingView

Red Dominates The Altcoin Market

On a 24-hour scale, most altcoins have lost significant chunks of value. Ethereum has dived by 3% and trades well below $400. Just a few days ago, ETH touched $420.

Ripple (-1.8%) has dipped beneath $0.25. Bitcoin Cash (-3.1%), Chainlink (-4.6%), Cardano (-1.5%), and Litecoin (-2%) are all in the red from the top 10.

There’re two obvious exceptions – Binance Coin and Polkadot. BNB has jumped by over 1% to $31.26, while DOT has surged by 9% to $4.7.

heatmap
Cryptocurrency Market Heatmap. Source: Quantify Crypto

Further losses are evident from lower and mid-cap altcoins. Quant leads the way with a 13% decrease. Reserve Rights (-10.3%), HedgeTrade (-10%), CyberVein (-10%), Elrond (-9%), and Ampleforth (-8.5%) follow.

Nevertheless, a few coins are deep in green as well. Kusama is the most impressive gainer with a 26% surge, Ocean Protocol (14%), and Velas (9%) are next.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/after-the-storm-bitcoin-holds-13k-despite-wall-street-mondays-plunge/

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