Health information exchange is probably that one thing that keeps hindering healthcare IT. The challenges are in data security and privacy, as well as in multiple operational inefficiencies, which inevitably concern those partaking in sensitive interactions.
There are multiple reasons why assuring PHI (protected health information) privacy remains challenging, but the major one is that there are no uniform architectures and standards to ensure trusted access to PHI and PII (personally identifiable information) and safe data exchange between all stakeholders, including patients.
It hinders patient engagement due to patients’ limited ownership of their health data, hurts care cooperation between providers from different networks, and also back-pedals population health management since caregivers can’t effectively exchange their insights in a secure way.
However, there can be one technology to create a new health information exchange framework and solve related problems: the blockchain technology.
More at: How Blockchain Can Improve The Health Information Exchange – Forbes CommunityVoice(tm)
An international group of regulators and government officials created in the wake of the 2008 financial crisis has released a wide-ranging report on financial technologies including blockchain.
The report grew out of a months-long process within the Financial Stability Board (FSB), which first revealed it was researching blockchain and its impact on the global financial system in February 2016. The board is composed of central bank governors and financial regulators from nations in the G20 group, as well as its predecessor Financial Stability Forum, and the European Commission.
Though the study states that “there are currently no compelling financial stability risks from emerging fintech innovations,” it outlines 10 potential issues that regulators should focus on. In the context of blockchain, the FSB report identifies the implications of the technology’s cross-border nature and legal uncertainty around smart contracts.
The authors go on to note:
“These and other legal issues could be even more prevalent when considering cross-border activities. For example, blockchain has raised questions, such as data privacy concerns across jurisdictions, and identifying the location of an asset when no one bank or entity is the custodian of the record.”
More at: Financial Stability Board: Blockchain Could Raise Cross-Border Data Issues – CoinDesk
IBM won the contract following a global competitive bidding process.
IBM has signed a lucrative deal to provide a European banking consortium with blockchain-based financial trading.
Based on IBM Blockchain powered by Hyperledger Fabric, the new trade finance platform will aim to simplify and facilitate domestic and cross-border trade for small and medium enterprises in Europe, while helping to increase overall trade transaction transparency.
Big Blue was chosen by the Digital Trade Chain Consortium which consists of Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit.
The Digital Trade Chain solution will run in the IBM Cloud and is designed to connect the parties involved in a trade transaction, both online and via mobile devices. It is designed to simplify trade finance processes by addressing the challenge of managing, tracking and securing domestic and international trade transactions.
More at: IBM wins major blockchain deal with European banks – Computer Business Review
The U.S. Navy has revealed plans to trial blockchain technology to bring added security to its manufacturing systems.
The Navy said it will apply the technology to its processes for additive manufacturing – known more popularly as 3-D printing – in a bid to “securely share data throughout the manufacturing process” as it creates critical equipment for deployed forces.
Led by the Naval Innovation Advisory Council, the trial will use blockchain technology to create a data-sharing layer between the Navy’s various 3-D printing sites over the summer, with a report on its proof-of-concept effort due this autumn.
In a blog post, Lieutenant Commander Jon McCarter said: “If someone told you that the technology underpinning the cryptocurrency Bitcoin will likely revolutionize much of the way we do business in the next 10 years, you might shrug it off. I would like to tell you: it’s just the beginning and that it might also revolutionize naval additive manufacturing, finance and logistics writ large, and that’s only scratching the surface.”
More at: U.S. Navy Looks to Blockchain Revolution – The Maritime Executive
Vitalik Buterin wants you to know he is alive. In recent years, after it was discovered just how Orwellian a few Western countries had become as regards digital age communications, people became suspicious that the likes of Julian Assange, Edward Snowden, and others had been disappeared. Buterin plays on this, maybe making a clever nod to regulatory capture, in the following tweet:
The 0x… numbers mentioned in the photograph correspond to this Ethereum block. By doing this, Buterin confirms that he is alive at the time of that block – because that information is not predetermined. In doing so, he also demonstrates a powerful way for activists, protestors, and other dissidents facing government, religious, or other persecution to communicate their own proof of life. Of course, the dark side of this is that the same method is pretty useful in things like kidnapping/ransom cases. The analog version would have been the likes of holding a current copy of the Wall Street Journal beside one’s face.
More at: Vitalik Buterin Uses Ethereum Blockchain To Prove He Is Alive – CryptoCoinsNews
This is kind of interesting. Invez has created an infographic on the history of Ethereum and how it will soon surpass Bitcoin in valuation. According to the write up, ethereum is set to overtake bitcoin in 2018. Invez is of the opinion that Ethereum will inevitably become the most important cryptocurrency in the market that year. They could be right. Or perhaps not. But time will tell. You never know, another challenger could be lurking
More at: The History of Ethereum (Infographic) – Crowdfund Insider
Chances are you’ve been hearing the term blockchain quite a bit over the past year or so. In a recent Automation World article exploring ways to strengthen supply chain operations, senior editor Stephanie Neil explained blockchain technology as being “an unalterable peer-to-peer recordkeeping system that enables communities to securely record and share information. Blockchain is best known as the core component of the digital currency Bitcoin. Each validated Bitcoin transaction creates a block, which attaches to the chain of blocks before it, thereby creating an easy-to-follow trail.”
With Bitcoin at its root, there is certain to be no small amount of trepidation around blockchain’s use in industry. The significant upside the technology presents, however, certainly bears out further investigation. And that’s why Wipro, a global information technology, consulting and business process services company, has developed nine blockchain-based offerings, four of which are directly targeted at manufacturing. Wipro says these new offerings have been “defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab” to demonstrate what blockchain can accomplish for global enterprises.
Considering Wipro’s preference for referring to its blockchain offerings as solutions, I asked Sanjeev Ramakrishnan, general manager and business unit leader at Wipro, to clarify whether these blockchain “solutions” are products, services or a combination of the two. He said, “all of Wipro’s blockchain solutions include: blueprints for domain-specific use case; the solution architecture; the code base, which can be customized and integrated; and full solution documentation” in addition to access to Wipro’s cloud-based lab and in-house experts.
The four offerings targeted at manufacturing address anti-counterfeiting, airworthiness certificate tracking, supply chain visibility and additive manufacturing/3D printing. According to Ramakrishnan, “the benefits of these solutions include improved process efficiency, optimized costs and the ability to foster innovative business models.”
More at: Is Blockchain Coming to Manufacturing? – Automation World