Day: May 17, 2018

Jack Ma, founder of Chinese e-commerce giant Alibaba, says he strongly believes in the value of blockchain, but thinks Bitcoin is a bubble

It is estimated that the global healthcare market processes fiat transactions that range between $1–2 trillion on a day-to-day basis. The crypto sector is comparatively smaller, as its daily transaction volume stands at around $2 billion. While there are more than 55 countries across the globe that provide their citizens with universal healthcare, there are still more than 100 nations that don’t offer universal or free healthcare infrastructure to their people.

Docademic is an all-new globally-sourced healthcare service platform that is available to everyone. It makes use of a free-to-use human doctor-AI assisted video telemedicine service that has already been utilized in over 20 countries by thousands of users. It comes with an associated suite of AI-assisted tools as well as a social network that helps connect doctors and medical professionals with each another.

According to the whitepaper, the aim of Docademic is to provide customers across the globe with a certain level of free healthcare. This is achieved by integrating cutting-edge technology with conventional medical wisdom which is then brought to life by the power of the blockchain.

The native Docademic App has been constructed atop Docademic’s existing patient data routing system. It is assisted by a host of AI-enabled technologies that are simple in their design and serve as a quality resource for anyone with existing health-related issues.

Overview of the system

• Docademic features a one-touch system that connects patients with a qualified doctor via a video telemedicine service for free.
• It can be used by customers who hail from any country worldwide.
• All patient information is securely stored on a blockchain.
• The user interface is simple to use and is highly visually-oriented, allowing novice as well as advanced customers to make use of this platform.

Key Features

For starters, the Docademic Platform provides practicing healthcare professionals with a network that allows for seamless:

• Ongoing medical education
• Patient referrals
• Fast-tracked service delivery

Additionally, the system also provides doctors with a set of advanced tools that can assist them with their practice and help them in reporting real-time epidemiological data to their clients.

Overview of the Docademic ecosystem

Other key aspects of this platform include:

• Docademic provides users with automated AI-driven treatments and diagnostic suggestions based on their individual case requirements.
• It allows patients to access preventative medicine as well as advanced proprietary tools such as an AI-assisted electronic health record system and a digital vademecum.
• The Docademic ecosystem is governed by a universal native token called MTC. It serves as the fuel that powers all of the services Docademic has on offer.

Visual representation of the platform

The Docademic App features an easy-to-use interface that aggregates the services of all its AI-driven modules. They can help assist human doctors by allowing them to dole out medical guidance as well as follow up on treatment through the power of the blockchain.

Lastly, this service solves two of the most pressing problems that limit patients within the world of healthcare:

• Accessibility to healthcare silos
• Underserved markets

Key offerings of Docademic

Accessibility silos are pockets of healthcare providers—such as hospitals and clinics—that exist in certain locations where quality medicinal services are not readily available. Similarly, underserved markets are markets that exist in isolation and are not wealthy enough to support the cost of traditional medical services.

How it works

Underpinning the core framework of the Docademic platform is a set of three unique technologies:

• User Matching Engine (UME)
• Cross Diagnosis HUMAN-AI Engine (CDHAIE)
• Smart Patient Routing (SPR)

The User Matching Engine (UME) is a proprietary technology that has been built from scratch by the company’s developers. It has been designed to process several million transactions per second, thereby making it one of the most useful patient matching systems available in the healthcare industry today.

A more detailed representation of how the system works

Additionally, the UME has been engineered to be hyper-scalable and support a very high number of markets (comprised of patients from many countries) by incorporating features such as:

• Multi-language support
• An inbuilt diagnosis system

The Cross-Diagnosis Human-AI Engine (CDHAIE) allows for quick, effective and clear diagnoses. When a patient’s personal diagnosis is initiated, doctors receive real-time suggestions from the AI for a more holistic prognosis. The CDHAIE automatically performs an analysis of the symptoms present to narrow down one’s possible diagnosis so as to outline a more accurate diagnosis.

The actions of CDHAIE can also be adjusted in real time so that decisions and corrections are in line with the latest clinical guidelines published in worldwide respected journals. Docademic’s potential is not limited to just the medical services field, as its usability can also extend to the domain of psychological services.

The Smart Patient Routing (SPR) system conducts fast referrals for all major healthcare providers throughout the countries where Docademic provides its valuable services. When a patient referral finds no match locally, the native SPR module checks to see if there is a match for the needed service in a nearby area.

About the team

Charles Nader is the CEO of this project. According to his online bio, Charles studied medicine at Anahuac University and took the Technology-Enabled Blitzscaling course at Stanford University. He is a serial entrepreneur whose vision has extended to other domains related to medicine and science.

Isao Hojyo is the COO of Docademic. Isao is a product of La Salle University where he obtained his Master’s degree in Health Care Administration. In the past, he worked on a plethora of IT projects for the Mexican government and developed the first protocols for Docademic’s Medical Assistance program.

Lastly, Arturo Diaz is the CTO of this venture. Arturo studied engineering at Anahuac University and previously launched two companies before becoming part of the Docademic team. Some of Arturo’s other credentials include:

• CTO of Netmark
• Winner of Microsoft’s Latin America Cloud Partner of the Year award in 2010

He is also proficient in many programming languages and agile methodologies like Scrum.

Token Performance Details

All transactions initiated and processed within the Docademic ecosystem are facilitated through the use of a native currency called MTC (Medical Token Cryptocurrency).

MTC token lifetime performance (courtesy of CoinMarketCap)

Docademic currently possesses a market cap of US$12,716,999 and has a circulating token supply of 185,570,245 MTC.

As seen on the chart above, MTC tokens were introduced into the market on May 8 at a base value of US$0.035. Over the past couple of days, the currency has seen enormous (and most likely unsustainable) growth, touching a high of $0.092 on May 14.

Final thoughts

With the medical sector primed for blockchain disruption, it would not be surprising to see Docademic gain market share over the course of 2018.

According to the company roadmap, the Docademic platform envisions a world in which everyone is provided with basic healthcare through the use of telemedicine.

If you would like to start investing in Docademic, MTC trading pairs are currently available on HitBTC and Sistemkoin.

A company aims to use AI and blockchain to help people receive expert skincare advice from dermatologists instead of biased advice from ads and websites #SPONSORED

The online gaming industry is worth more than US$1 billion, and appears to be a likely candidate as one of the first industries to be meaningfully penetrated by blockchain technology. As such, there are a number of cryptocurrency projects and blockchain developments competing to be the first to see real adoption from the general gaming population. Egretia, an existing powerhouse in the gaming sphere, is poised to become that first pioneer with their unique blockchain HTML5 cross-platform approach.

Disclosure: This is a Sponsored Article

Egretia currently stands as the first complete workflow for HTML5 development. It’s 14 products encapsulated in the workflow are utilized by over 200,000 worldwide, whose content has been digested on more than one billion devices across the globe. In China, 75% of all HTML5 content is powered by Egretia.

Blockchain-HTML5 Synergy

The implications of a combination between blockchain and HTML5 are massive. HTML5 applications see large use do to the ease in which they can be enjoyed. Users do not need to install any HTML5 client or application. Instead, they can enjoy a seamless “click-and-go” experience that has allowed HTML5 developments to see massive adoption and virality across social media platforms.

Where blockchain gaming currently falters is its inability to attract large audiences. In an easy-to-use HTML5 approach, where gamers can connect with their friends and others through a simple link, the barrier to entry is eradicated.

HTML5 games also stand to benefit from a blockchain based approach. HTML5 games are currently inhibited by potential unfairness. The blockchain integration insures provable and unwavering fairness. HTML5 gamers are also empowered by a global blockchain, that connects their virtual assets, currencies, and progressions in a worldwide gaming ecosystem.

A Winning Approach

Egretia stands apart from competing blockchain gaming solutions in its existing role as an industry leader. Four years of background behind a top quality product adopted by hundreds of thousands suggests that Egretia is a powerhouse fully equipped for massive adoption. Blockchain integration into the HTML5 workflow means that those 200,000 developers and one billion plus devices will be immediately exposed to the blockchain.

Applications built with Egretia include viral Facebook games. Egretia is creating a future where blockchain games will be broadcast to the largest social network in the world. With close to 2 billion monthly visitors, the exposure made possible through blockchain integration into the Egretia workspace is unrivaled by anything currently seen by competing game coins as well as other cryptocurrency initiatives in general.

Beyond the massive audience, Egretia is providing developers with a toolkit that goes far beyond what other blockchain development platforms have to offer. On top of the core HTML5 blockchain engine, the workspace will include all of the following: virtual marketplace, universal gaming platform, advertising platform, data storage and communication, and the Egretia incubator.

Each of these components provide valuable resources for developers and gamers. The global  marketplace allows for real ownership, transfer, and trade of the virtual currencies and assets accumulated by players. The gaming platform provides a comprehensive destination for gamers to connect with every blockchain game built with Egretia. The advertising platform is a smart solution for connecting advertisers with the most efficient use of media and video. The data communication and storage will allow gamers to file KYC once, and maintain accessibility to communicate their KYC with all relevant parties on the platform in the immediate and distant future. Lastly, the Egretia incubator connects game developers with a comprehensive support system to allow outstanding qualified content to see as much success and exposure as possible.

Given each factor attached to the upcoming Egretia blockchain, it’s clear that this approach to blockchain gaming is both unique from its competitors and fully equipped to handle massive adoption and exposure worldwide.

The scientific research of economist Alex de Vries on the Bitcoin network’s energy consumption shows that it will use .5 percent of energy globally by end of 2018

BTC is down 10 percent this week, and total market cap below $400, in the wake of major NYC crypto conference

Albeit the cryptocurrency markets still suffer from negative momentum, it seems a few coins are trying to buck the trend. So far, the EOS price has managed to increase by 4.52% over the past 24 hours, which is a better result compared to most other currencies in the top 10. Thanks to this gain, the EOS price is now back above $13.2, although it may not remain there for much longer.

The EOS Price Rises Temporarily

Anyone can see today and the next few days will not be easy going for the cryptocurrency industry. With bearish pressure still intensifying and the overall trading volume dropping below $19bn once again, the demand for cryptocurrencies simple isn’t there. This not much of a surprise, as the same pattern has been visible throughout most of 2018 so far. After last year’s crazy bull run, it is only to be expected the coming six to twelve months will be incredibly volatile. So far, that has proven to be exactly the case.

Despite this negative pressure, the EOS price successfully managed to note a small increase in the past 24 hours. It is rather remarkable, considering how most of the markets are still in the dirt and seemingly stuck in sideways trading momentum. Something will need to change fairly soon to overcome this dreadful trading momentum, as things seemingly won’t get any better until that happens.

With this 4.52% EOS price increase, the value is sitting comfortably above $13 once again. It is not necessarily the price point people are looking for, considering how the EOS price hit $18.4 not that long ago. Unfortunately, volatility s the name of the game in the cryptocurrency world, and that situation will remain in place for quite some time to come. EOS also gained 5.34$ over Bitcoin, which is an interesting development when looking at the bigger picture.

With $1.595bn in 24-hour trading volume, EOS remains one of the more popular cryptocurrency markets as of right now. Considering how the overall cryptocurrency trading volume has taken a sharp dip in the past few days, it is all the more remarkable to see EOS remain at this level during this time. There’s no real reason for a dip to speak of, though, but it is still intriguing regardless.

As one would come to expect, there is plenty of trading volume originating from the OKEx exchange. Bithumb and Huobi are also in the top three, which makes for a rather interesting collection. Upbit and Bitfinex round out the top five. This means there are three fiat currency pairs and two SUDT pairs in the top five for EOS. Plenty of capital entering the market right now, which could explain the EOS price rise over the past 24 hours.

Whether or not the EOS price cna remain above $13, remains to be determined. So far, things look somewhat promising but things can always turn around in the world of cryptocurrency. So far, the weekend is not looking all that great when gauging the overall health of the cryptocurrency trading industry, but the day is not over just yet.

Younk is a blockchain platform that modernizes the way the music industry works! It allows music lovers to participate in the process of discovering new music and gives an opportunity to co-own future hits and share the income.

What’s going on with the music market?

Up to 70% of the revenues are owned by ‘Big Three’ major labels (Universal, Sony and Warner Music). They decide what should be popular all over the world and who’ll be the next superstar.

Younk has been created to make music industry accessible and profitable for both artists and community.

It is the first decentralized community label. Label, opened for everyone, all over the world. Label, driven by the community, the listeners. Label, which makes possible for everyone to capitalize on music.

The blockchain-based platform gives an opportunity to discover, support and co-own hits. It’s the perfect place for talents to be heard, and for the community to join the music industry, co-own creative product and get the benefit!

“We’ve created something, which could literally change the way new artists’ demos are reviewed. Not by big labels specialists – but exactly through listeners, who can contribute into their favorite song and get a profit after”, Andrey Dakhovskyy, co-founder of Younk, commented.

All creative products on the platform are community funded and collectively owned. Talent uploads a demo. Community listens to demos and rates the talents, votes with tokens. Then hit is produced, released and promoted. And finally, revenue is distributed by a smart contract.

“The music business as we know it has gone through dramatic changes. The reality is – in today’s music business, just having talent is not enough to become successful”, – says Don Grierson, a legendary music industry executive and co-founder of Younk.

Don Grierson is a man, who received the Golden Apple Award from The Beatles and signed Celine Dion to her first US recording contract. And he’s ready to give all tips and tricks to find the best hits ever!

Crypto world is ready to get access to $17 billion-dollar industry. Younk gives the one and only possible way to discover hits using modern tools.

Are you ready to dive into the music industry and start earning on the up-and-coming hits? Private pre-sale starts on May 18th, 2018. Don’t miss your place in the whitelist!

The post Music Industry Modernized With Blockchain – Younk Is an Upcoming and Promising Startup for Investors appeared first on NewsBTC.

Both Iran and Russia have similar views on bypassing using the US dollar in favor of cryptocurrency in light of sanctions, reports Trustnodes. This is based on comments made by Mohammad Reza Purebrakhimi, the head of the commission for economic affairs of the Assembly of the Islamic Council (Parliament) of Iran, as reported by Interfax.

In a meeting with Russia’s head of the Federation Council Committee on Economic Policy Dmitry Mezentsev, Purebrakhimi suggested that the subject of cryptocurrency has been raised over the past year as a way of avoiding both the US dollar and the SWIFT banking system. To that end, the Central bank of Iran has been instructed by the Iranian government to begin the process of “developing proposals for using cryptocurrency”.

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The post Iran and Russia Join Crypto Chess Against US Dollar as Sanctions Loom appeared first on BitcoinNews.com.

Bitcoin fails to impress Chinese ministry as it ranks it 13th in its new crypto ratings

The United States Senate today voted to nullify the FCC’s rollback on net neutrality, unfortunately, it was a symbolic victory unlikely to affect the new rules to come into play next month that have the potential to adversely affect every facet of internet use.

Net Neutrality Affects Every Aspect of the Internet

Net neutrality is a President Barrack Obama era rule that restricts internet service providers from arbitrarily controlling bandwidth access to specific websites and apps. They are rules that keep companies like Verizon from charging higher rates for visiting competitors sights rather than ones owned by them. This was done by legally defining the internet as a utility like electric or heating fuel which should be accessible to all at a controlled price.

The Trump campaign had net neutrality on its platform through the election process and made repealing it one of the only campaign promises they have kept. Under the guise of limiting federal government control in the working man’s life, the FCC repealed the act in December touting the move as a return to ‘a free internet’. Implying that a federal rule protecting it from exploitation by multi-media conglomerates was somehow restricting it.

Though the Senate vote to repeal will most likely be made moot by the house the Coalition of Internet Voters made a strong show of support as Sen. Edward Markey, D-Mass., described them on NPR as  “The grandparents, the gamers, the gearheads, the geeks, the GIF-makers, the Generations X, Y, and Z. This movement to save net neutrality is made up of every walk of American life,”

Net neutrality and Cryptocurrency

Bitcoin and cryptocurrency may be decentralized but people buy and sell them on exchanges hosted by internet service providers. If an internet service provider which is owned by a conglomerate decides to absorb an exchange then without net neutrality they can charge users extra and or toggle down speeds to access exchanges in competition with their own. This could directly affect the speeds in which coins are exchanged and in the end their trading value.

Controlling access to exchanges could hamper the growth of the industry and evolution of the technology since new exchange may never get a chance to compete in the market. The effects could be even worse for miners as ISPs could decide to charge higher rates for nodes or even block them the way some peer to peer services were shut.

Though some say the cryptocurrency space is too small for ISPs to single out when they have bigger fish to fry like youtube, netflix, spotify etc.. the cryptocurrency space is growing and with predictions of 2018 being the year of big institutional investment it could be growing faster than ever. As hedge funds and banks follow the money trail into the crypto market having affiliated corporations controlling the networks on which digital assets trade would make them feel right at home.

The post What Does the End of Net Neutrality Mean for Cryptocurrency appeared first on NewsBTC.

In this article, SFOX CEO Akbar Thobhani explains the inner workings of the crypto OTC market and provides six proven tactics for minimizing OTC trading costs and market manipulation

China has unveiled its public blockchain ratings. Although its impact remains to be seen, the idea seems to be rather solid. One thing to take away from these rankings is how Bitcoin is middle-of-the-pack. Surprisingly, Ethereum is in the lead, and XEM scores the worst of all 28 projects.

The Chinese Public Blockchain Ratings

A few days ago, the Chinese government made it clear they were working on a rating system. That system pertains to public blockchain projects and cryptocurrencies. A top 28 has been put together for the cryptocurrencies earlier this week. The list itself includes all of the well-known currencies, although the rankings look different from what people would expect. Three different key factors are included for every project: technology, application, and innovation.

As some people might expect, Bitcoin has the highest score in the innovation aspect. That is not surprising, as it has the first-mover advantage. Any other currency on this list didn’t exist prior to Bitcoin. However, a strong innovation score doesn’t make Bitcoin all that great. These public blockchain ratings rank Bitcoin 13th out of 28, which is “average” at best.

On the technology front, Bitcoin has the lowest score of the entire top 15. It receives a 39.4 percentile, which is rather shocking. When its scaling solutions come into play, that number may improve. Until then, it is the least technologically-adept project in the top 15, according to the public blockchain ratings. The world’s leading cryptocurrency is also lackluster when it comes to application purposes, although some projects score even fewer points.

Ethereum Trumps Everything

When taking all three sub-factors into account, there is only one project that really matters. Ethereum has the second-highest technology score, the best application rating and a decent innovation score. All of this combined for a total index of 129.4. There are five projects which score more than 100, including Steem, Lisk, NEO, and Komodo. There is a lot more to cryptocurrency than just Bitcoin or Ethereum. These public blockchain ratings clearly illustrate that point.

Other prominent currencies in the cryptocurrency world are not scoring too great either. Ripple’s XRP is ranked 17th, whereas Litecoin is in 21st place. XEM Closes the list in 28th position, which is also somewhat surprising.  All of this is in very stark contrast to the market cap of existing cryptocurrencies. Some projects in the market cap top 10 are not on this public blockchain ratings list. Notorious absentees are EOS and Tron. Neither of those has a working public mainnet blockchain, which may explain their absence.

Community members show mixed feelings toward the public blockchain ratings. It is a bit on par with how Weiss Ratings issued their scores earlier this year. Those rankings also made little sense in some cases, yet the firm was convinced this is how the currencies shape up. For the Chinese government to pay some positive attention to cryptocurrency is a big victory in its own way.

The post Chinese Government Praises Ethereum and Ranks it as the Top Blockchain appeared first on NewsBTC.