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Are Blockchain and AI Technologies the Key to Healthy Skin?

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While it may seem unlikely that the answer to your skincare woes could be a selfie scan on your smartphone, blockchain and AI trailblazer Opu Labs is now making it possible to improve skincare with their revolutionary mobile skincare platform.

Opu was founded to improve how the global skincare industry exchanges data, information, and rewards in a way that benefits patients, dermatologists, treatment centers, brand specialists, and product manufacturers. Within minutes of registering for their app and completing a simple facial scan, Opu’s technology allows consumers to receive a complimentary skin analysis. But, that’s just the tip of the iceberg.

While Opu’s technology is rooted in machine learning technology that analyzes, compares, and recommends skincare treatment solutions, the overall platform relies on blockchain technology to securely store user data, and is comprised of five core services that should disrupt the current market and yield a new skincare ecosystem:

Opu Labs Artificial Intelligence

proprietary AI technology that delivers treatment recommendations following a facial scan. It can identify and measure hyperpigmentation, redness, acne, wrinkles, and skin tone on any given facial image. The AI also includes a prediction engine which forecasts skin quality after treatment, and users can further measure their treatment progress. When users hit their targets, they can even earn Opu Coin rewards (mentioned below). An upcoming version of the technology will soon allow for skin scoring on other parts of the body, as well.

Opu Search

A search platform that provides treatment information from consumer skincare service providers and eCommerce partners. With unique parsing and crawling techniques, Opu’s recommendation engine learns from queries generated by users and analyzes individual user preferences based on their search history and skin condition to recommend relevant products. Product companies (and the dermatologists that recommend them) are already jumping at the opportunity to become part of this search platform.

Opu Coin (OPU) and Opu Blockchain TechnologyOpu CRM: A complete customer management tool designed specifically to meet the needs of skincare patients and professionals. The CRM manages real-time feedback and patient queries, allowing experts to review them, create treatment plans, schedule and even hold consultations. It is also features a blockchain-support medical record system, that ensures the secure exchange of patient data.

To realize their mission to improve global skincare, Opu has built a suite of other blockchain-based technologies and a token-based ecosystem that rewards its users—with the ‘Opu Coin.’ The coin is founded on (Ethereum) ERC223 tokens that will act as the base currency for the world skincare market and Opu loyalty programs. Opu Labs eventually intends to introduce Swarm—a native base layer service of the Ethereum web 3 stack. The primary goal of Swarm is to provide a sufficiently decentralized and redundant store of the Ethereum record; specifically, to store and distribute dapp code and data, as well as the blockchain data

Opu Connect

An opt-in service for product testing that can pool and collect opt-in user data for research and better, customer-centric solutions.

Opu’s opt-in research program also uses blockchain technology to store user data. All actions are stored as a pool of user data, anonymized and shared with Opu’s research partners. This technology also makes use of smart contracts to ensure that the consumer-owned data is only accessed by participating parties. Users have their actions stored as a feed within the storage blockchain when they interact with the platform. No data is stored in the block if the user does not explicitly opt-in to the program.

Collectively, this ecosystem offers an immutable, decentralized and transparent record of all transactions throughout the Opu platform, and enormous potential for plug-and-play opportunities with leading players in the skincare market.

While Blockchain and AI in the skincare industry may not yet be an exact science, Opu has already demonstrated incredible promise in the way they apply the intersection of these technologies, and soon to be released updates to their proprietary algorithms will pinpoint even better treatment solutions and product recommendations. The technology is also great news for the skincare brands themselves, as the skincare data collected by Opu drives new product innovations.

Interested? Get your free facial skincare analysis today and learn more about Opu Labs by visiting opu.ai.

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Source: https://blockchainhealthcarereview.com/blockchain-ai-technologies-key-healthy-skin/

Blockchain

Crypto.com Integrates PayID Offering 5M Users an Easy and Unique Way to Send & Receive Crypto

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[PRESS RELEASE]

HONG KONG, October 19, 2020 — Crypto.com today announced PayID, a universal payment identity developed by the Open Payments Coalition, is now available on the Crypto.com App.

Crypto.com’s 5M+ users can register for a PayID from the Crypto.com app, consolidating complex wallet addresses and accounts into a simple ID that works across any payment network and currency. Users who register for their unique PayID will get an exclusive Crypto.com-branded, easy-to-read ID — such as “yourname$payid.crypto.com — that enables users to send/receive crypto payments from other compatible wallets with just a single ID, easing their ability to connect to 100M+ crypto users worldwide.

cryptocom_PR

PayID solves a key pain point in the crypto payments world, which consists of many closed and complex networks. Participants must manage multiple long and random wallet addresses, increasing the likelihood of erroneous transactions. PayID creates a free, open and common protocol that allows for interoperability between any payment network or currency.

Starting today, Crypto.com is offering early access for select customers to register their unique Crypto.com PayID. To be eligible:

  • Stake 10,000 CRO or more in Crypto.com Exchange; or
  • Stake 10,000 CRO or more in Crypto.com App

On 2 November 2020 all Crypto.com App users can register their own Crypto.com PayID within the Crypto.com App.

Once registered, users can send crypto from other compatible wallets to the Crypto.com App with just their PayID, instead of a full-length crypto address. At launch, supported cryptocurrencies include CRO, ETH, BTC, XRP and many more ERC20 tokens. Users can also send crypto to other compatible wallets using PayID hosted by other members in the Open Payments Coalition.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com

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Source: https://cryptopotato.com/crypto-com-integrates-payid-offering-5m-users-an-easy-and-unique-way-to-send-receive-crypto/

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Crypto More Popular Than Gold Among Russian Investors: Report

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A survey among over 2,000 Russian investors has placed cryptocurrency next to gold in terms of popularity. Moreover, younger investors aged below 30 have displayed significant favoritism towards digital assets.

Crypto Ranks Above Gold Among Russian Investors

According to the study published by the World Gold Council, investors from the world’s largest country by landmass have allocated the most funds into generally accepted as safer instruments such as savings accounts, foreign currencies, real estate, and life insurance.

When asked what sorts of investment tools they had invested in the past 12 months, they placed cryptocurrencies as the fifth most popular asset with 17%. Interestingly, gold came next with 16%.

Investments Made In Russia 12 Months Back. Source: World Gold Council
Investments Made In Russia 12 Months Back. Source: World Gold Council

World Gold Council Director of Central Banks and Public Policy, Dr. Tatiana Fic, commented that gold had been a valuable part of Russia’s history. She explained that the development of the gold mining industry began in 1745 with the discovery of gold in the Urals. In the next 100 years, more than half of the global gold production came from Siberia.

However, she noted that the investment market has declined in interest lately. Dr. Fic reasoned that there’s an evident lack of education, resulting in people steering clear from the bullion. She also claimed that investors fear buying fake or counterfeit gold products.

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It’s worth noting that Russia seized purchasing gold earlier this year following half of decade of increased accumulation.

Younger Generations Keen To Experiment With Crypto

WGC’s report confirmed previous narratives that younger generations prefer allocating funds into riskier investment instruments such as digital assets.

“18-to-24-year-olds are much more willing to take risks to get exponential growth, rather than take a long-term view. For example, they are the least likely to have invested in a savings account but are the most likely to have invested in collectibles – and around two-thirds are considering investing in cryptocurrencies.” – the report reads.

The paper highlighted that the growing role of mobile apps linked to investment accounts have made it easier for tech-savvy youth to purchase their preferred assets. Cryptocurrencies lead the way “with nearly 80% being bought exclusively online.”

Although physical gold has been bought mostly offline, the report noted that online investments in gold-backed ETFs and vaulted gold have jumped in the past few years as well.

Investment Assets Purchases In Russia. Source: WorldGoldCouncil
Investment Assets Purchases In Russia. Source: WorldGoldCouncil
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Source: https://cryptopotato.com/crypto-more-popular-than-gold-among-russian-investors-report/

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Swiss Government Starts Discussions on Local Blockchain Regulations

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A new consultation process on blockchain laws is set to begin in Switzerland. Initiated by the country’s Federal Department of Finance, the operation is focused on initiating a blanket ordinance in the local blockchain and distributed ledger technology environment.

For Better Laws In Blockchain Industry

A number of parties, individuals, and other interested groups are set to be included in the upcoming consultations in the blockchain spectrum. The project is planned to go on for three months, ending on February 2 next year.

As per a recent report by Switzerland’s Federal Department of Finance, the blanket ordinance is set to help legislative amendments, recently voted by Parliament, turn into law at the federal ordinance level. The grand plan is that the Federal Council will bring amendments to the acts and ordinates into force on August 1, 2021.

The news appears a month after the Swiss Parliament unanimously adopted a Federal Act on the Adaptation of Federal Law do Developments in Distributed Ledger Technology (DLT). With it, the government amended several active finance and corporate laws, re-shaping them with additions in favor of blockchain technology and DLT.

According to the report, the act has improved the framework conditions for the country to turn into a significant, innovative, and sustainable place for blockchain and DLT firms to settle.

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A Further Leap Into The Crypto Means Of Payment

The recent news comes shortly after the Swiss government announced that soon cryptocurrency would be operable for tax payments. As CryptoPotato recently reported, Bitcoin and Ethereum will become acceptable assets for the purpose, as Zug, a canton in Switzerland, announced its partnership with cryptocurrency broker Bitcoin Suisse. Both sides declared their readiness to realize the acceptance of cryptocurrency for tax payments, starting from February 2021. 

Individuals using the crypto option for tax payments would be able to notify authorities and, thereafter, get a QR code through email.

According to the announcement, Bitcoin Suisse will assist in converting crypto to francs, this way avoiding state incurring losses due to price volatility.

The option will give taxpayers, both individuals, and companies the opportunity to pay their taxes with cryptocurrency up to about CHF 100,000 ($110,000).

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Source: https://cryptopotato.com/swiss-government-starts-discussions-on-local-blockchain-regulations/

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