Blockchain-Styled Solutions for Health Care on the Rise - Altcoin Today

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Blockchain technology has the potential to transform healthcare services just as it's doing within the finance sector. Through a decentralized and encrypted network, the healthcare industry can share, store and distribute information easily and transparently, producing a streamlined system that is resistant to fraud. A report from U.S. health startup Color Space Post, a privately owned, consumer-led health company that's leveraging blockchain technology to develop a new healthcare infrastructure, states that "blockchain technology could make a massive impact on both the administration costs and fraud." And yet, even though it's still in its infancy within the healthcare industry, blockchain technology is already helping to transform it. Founded in 2016 by CEO Diego Espinosa and COO Nick Gogerty, Healthcoin, which won the award for best private blockchain at this month's CoinAgendain Puerto Rico, utilizes blockchain technology to allow employers, insurers, individuals and governments across the globe to manage people's lifestyle change and incentivize the prevention of adult onset diabetes.


Relevance of Blockchain In the Healthcare Industry - IntelligentHQ

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Time is undoubtedly an essential element in the field of healthcare and it can be reasonably be assumed that every moment should be used to its full potential in treating the patient. This is clearly not what is happening; just recently a mother had to wait seven hours after a fall before doctors could come and treat her broken back. Gaps in the healthcare system have given rise to multiple issues, ranging from the privacy of medical records to waiting times. Firstly, substantially long waiting times have always been a prevalent issue and the last few years are not an exception. In 2018, the NHS reported that a decade-high 4.3 million patients were awaiting an operation, with a growing number of them having to wait for more than the 18-week maximum waiting time for'planned non-urgent surgery', such as a hip or knee replacement.


How Blockchain And AI Can Help Pharma Focus On Innovation Rather Than Advertising

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Pharmaceutical companies spend a tremendous amount of money each year on advertising and marketing. According to the Pew Charitable Trusts, "In 2012, the pharmaceutical industry spent more than $27 billion on drug promotion -- more than $24 billion on marketing to physicians and over $3 billion on advertising to consumers." This strategy is designed to promote drug products by influencing the prescribing practices of doctors. One of the ways out of this advertising spending bubble is to reduce overall ad expenditures and introduce focused advertising with the help of artificial intelligence (AI) and blockchain. Nine out of the top ten big pharmaceutical firms have been known to consistently spend much more on marketing than on research, which is possibly what has created the underlying problem of unbalanced spending in the industry.


3 Technologies Will Utterly Transform Your World in the Next Decade

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Because all of the low-hanging scientific and technological fruit has supposedly been plucked. You can invent broad technologies like electrification, the light bulb, plumbing and sanitation, the telephone, refrigeration, the internal combustion engine, and the digital computer only once. Therefore most new technologies will consist of slight improvements on the old ones and that will not propel future economic growth. But have all broad technologies really been invented already? Below are three core technologies whose elaborations during the next decade will conjure into existence a world with far less transactional friction, amazing cures, and much smarter machines.


3 Technologies Will Utterly Transform Your World in the Next Decade

#artificialintelligence

Because all of the low-hanging scientific and technological fruit has supposedly been plucked. You can invent broad technologies like electrification, the light bulb, plumbing and sanitation, the telephone, refrigeration, the internal combustion engine, and the digital computer only once. Therefore most new technologies will consist of slight improvements on the old ones and that will not propel future economic growth. But have all broad technologies really been invented already? Below are three core technologies whose elaborations during the next decade will conjure into existence a world with far less transactional friction, amazing cures, and much smarter machines.