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And readmissions are a serious and costly issue in hospitals, often caused by inefficient and outdated methods of communicating patient data.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
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.
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.
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.
Bitcoin SV long-term Price Analysis: 26 October
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice
While Bitcoin rallied above $13,000 once again, at press time, a few other altcoins were also making a dash for their immediate resistance levels. 10th-ranked Bitcoin SV’s price rose by 12.46 percent over the past one week, with a relatively high spike of 4.36 percent over the past 24 hours. However, the rally might note a period of turbulence soon.
Bitcoin SV 12-hour chart
At the time of writing, the 12-hour chart for Bitcoin SV was keeping up with the ascending triangle pattern and it seemed like the eventual breakout above $200 might take a while. As identified by the chart, the price did register a re-test of the parallel trendline of the pattern, but it did not complete a complete breach. With the price hovering right under $180, at press time, there was a high chance that the price would attain a breakout from the ascending triangle over the next few days, but the turnaround can be more drawn out as well.
At the time of writing, Bitcoin SV was receiving the underlying support of the 50-Moving Average, but a retest at $165 remained a possibility.
According to Stochastic RSI, the breakout downwards might surface within the next few days as the bearish indicator closes in on a crossover with the bullish line in the overbought zone.
Bitcoin 1-day chart
The 1-day chart for Bitcoin SV highlighted a rising wedge pattern, one that falls in line with the eventual bearish movement. While the breakout from the pattern might not take place over the current week, a pullback under $170 should unfold soon.
The price range between $180 and $170 appeared crucial as the crypto-asset has hardly noted higher consolidation at this range.
Finally, the On-balance volume, at press time, was dropping below the neutral zone, hence, the retail side might be exiting the market as strong hands might need to dip in again to pump the price. Speaking about volume, trading volume was extremely minimal as well, keeping the price movement highly volatile and unsure.
Treasury official appointed to crypto-risk management platform
Prominent Risk Management platform TRM Labs has appointed former Treasury Official Ari Redbord to a critical role. Former Treasury official Redboard, well known for his work on the Treasury’s FinCEN taskforce, will now represent TRM as its head of government and legal affairs. This appointment is the latest move by the Federal government in their […]
Prominent Risk Management platform TRM Labs has appointed former Treasury Official Ari Redbord to a critical role. Former Treasury official Redboard, well known for his work on the Treasury’s FinCEN taskforce, will now represent TRM as its head of government and legal affairs. This appointment is the latest move by the Federal government in their bid to regulate Cryptocurrency platforms.
The Co-founder of TRM, Esteban Castaño, said that the firm’s data could be essential in the Treasury’s ongoing war with financial fraud. He went on to say that TRM could offer valuable insight into the risks that pervade cryptocurrency markets, protecting consumers and businesses.
Ari Redbord’s previous work at the Treasury included working as an advisor for the undersecretary for Terrorism and Financial Intelligence. While his work with FinCEN focussed primarily on cryptocurrency markets and similar concerns, making him more than qualified for the position at TRM.
Appeasing The Treasury?
When asked whether Redbord’s appointment to head of government and legal affairs indicated a shift in favor of government regulation, Castaño became defensive and acted quickly to quash any doubts over the position. He insisted that TRM’s focus would not be on “being the long-arm of the law” and emphasized that the move would mean less government regulation of cryptocurrency platforms. :
“…a company like TRM allows for less regulation, quite frankly, by allowing governments around the world to be more comfortable than they can identify suspicious activity and get those bad actors out of this.”
The Treasury and other regulators have made numerous moves in recent weeks that would enable greater control of cryptocurrency platforms by the Federal Government. This push is part of a well-documented effort to combat money-laundering and other financial crimes on cryptocurrency platforms. The crypto community will likely see Redbord’s appointment as the US is coming one step closer to achieving that goal.
SwapSpace: Quick Cryptocurrency Swaps at No Additional Fees
The cryptocurrency field is growing at a considerable rate as more companies and individuals get involved.
As CryptoPotato recently reported, Google searches for the ‘buy crypto’ key phrase have surged to their highest point since all the way back in January 2018 – during the peak of the ICO bubble.
Google traffic is usually a very good indicator of retail interest in the field, but institutions are not lagging behind. Another report by the giant multinational financial services corporation Fidelity Investments revealed that 36% of institutional investors own Bitcoin and other cryptocurrencies.
Amid the growing popularity, more venues are offering seamless exchange and swaps of various crypto assets.
One of such platforms is SwapSpace. With a particularly intuitive swapping process and over 350 coins and tokens, as well as more than 60,000 exchange pairs, the platform has managed to establish itself as one of the more convenient ones to use if you want to quickly swap your coins without having to go through a lengthy registration.
What is SwapSpace?
SwapSpace brings forward an instant aggregator of cryptocurrency exchanges. The number one priority of the company is to save time for their clients and to make the process as easy as possible.
Users don’t have to spend excessive time searching for pairs and comparing rates, privacy features, and fees on different services.
All they have to do is choose the most appropriate swap option from different instant exchange services for the selected exchange pair. There are no limits on the amount to be exchanged, no registration, and a process that takes no more than four quick steps.
How Does SwapSpace Work?
Right off the bat, as soon as the user lands on the website’s homepage, they will see the swapping interface, which is particularly simplified. Here are the steps that have to be taken to successfully complete a crypto swap.
Step #1: Select your tokens
On the homepage of the website, you’ll find the following screen:
Here, you need to choose the crypto that you want to send and the one that you want to receive. In this example, we are swapping Bitcoin for the stablecoin USDT. Enter the swap amount and hit “View offers.”
Step #2: Select the best offer
As soon as you hit that red button, this is the screen that you will get:
The platform filters the offers automatically, and you will always get the best rate displayed on top. You can choose the swap option by the rates or by exchange flow: SwapSpace offers both fixed and floating rate exchanges.
In this case, the best rate is provided by SimpleSwap, and as soon as you hit “Exchange,” you will get to the next step of the process.
Step #3: Enter the recipient’s address
During this step, you will have to enter the address of the recipient.
In this case, we will be inputting the address that will receive the USDT once the BTC swap is completed.
Step #4: Transfer funds to the exchange service
This is where you would have to send the coin or token that you want to swap.
The last step is just to wait for the exchange to be completed. You will be able to see all the details of the transaction, read information about the partner you’ve chosen, and the average time it takes to complete the exchange.
That’s pretty much it. SwapSpace requires no further actions to be taken, and just like that, you’ll be able to swap your cryptocurrencies in a quick and seamless way.
It’s also worth noting that customer support works all over the clock and replies instantly. Overall reviews of the platform provided via Trustpilot are positive. There’s no limit to the amount you can swap, and there are no additional fees that you’ll have to worry about.
Pros and Cons
As with everything, there are certain benefits and drawbacks to using SwapSpace.
- The process is very quick and simple
- No additional fees
- No registration
- An abundance of cryptocurrencies
- Fixed and floating rates
- The company is relatively new, registered in 2019
- No support for fiat currencies
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
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