Blockchain has become a popular technical term to drop over the past six months, most people cannot effectively explain Blockchain or describe its real value and application to the marketplace. Hopefully, this presentation will help you better understand...
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What is Ethereum?
• Ethereum is an open software platform based on blockchain technology that
enables developers to build and deploy decentralized applications.
• Is Ethereum similar to Blockchain?
• Like Bitcoin, Ethereum is a distributed public blockchain network. Bitcoin offers one
particular application of blockchain technology, a peer to peer electronic cash system
that enables online Bitcoin payments. While the bitcoin blockchain is used to track
ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running
the programming code of any decentralized application.
• Ether - In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn
Ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency,
Ether is also used by application developers to pay for transaction fees and services on the
Ethereum network.
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What is EVM?
• Ethereum Virtual Machine (EVM) makes the process of creating blockchain
applications much easier and efficient than ever before.
• Instead of having to build an entirely original blockchain for each new
application, Ethereum enables the development of potentially thousands of
different applications all on one platform.
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What can Ethereum be used for?
Benefits of Ethereum decentralized Platform?
• Immutability – A third party cannot make any changes to data.
• Corruption & tamper proof – Apps are based on a network formed around the
principle of consensus, making censorship impossible.
• Secure – With no central failure point and cryptographic applications are well
protected against hacking attacks and fraudulent activities.
• Zero downtime – Apps never go down and can never be switched off.
• Ethereum enables developers to build and deploy decentralized applications. Because
decentralized applications are made up of code that runs on a blockchain network, they
are not controlled by any individual or central entity. Any services that are centralized can
be decentralized using Ethereum.
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• Patients who wish to travel between
clinics that do not share digitized medical
records, encounter problems such as not
being able to provide a full medical
record, or in some cases have no access
to their pharmaceutical history and
prescriptions at all.
How is Ethereum being applied in Healthcare?
• By utilizing the blockchain technology, Factom provides crucial and easily accessible medical
data to patients.
• Digital Fingerprint - Factom, is building technology to distribute records globally that
can be accessed anywhere by any authorized user, through biometric verification. This
digital fingerprint allows medical information to be stored on blockchain’s immutable
ledger, allowing ease of access while also protecting patient privacy.
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How is Ethereum being applied in Healthcare?
• An example of this technology involves a doctor using a smartphone to determine if a child
has received the proper vaccinations against deadly diseases.
• In remote villages where medical records are poorly kept (if at all), physicians could scan a
patient’s fingerprint that would decrypt their bio information and health records. This new
technology will save lives across the globe, reduce costs, and improve medical care to those
most in need.
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CryptoSeal
• Another important blockchain breakthrough in the medical industry is Chronicled’s new
CryptoSeal. Essentially, prescription drug containers would include a Near Field
Communication (NFC) chip embedded with unique identity information.
• This state-of-the-art tech ensures that prescription containers are not opened, modified, or
tampered with. If the antenna in the CryptoSeal is broken at any time, it becomes
impossible to verify the chip inside, ensuring that patients receive legitimate
pharmaceuticals.
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Blockchain in Clinical Trials – Data Sharing
• Gem recently launched Gem Health, a blockchain network exploring the uses of
blockchain technology in clinical trials, pharmaceutical supply chain, genomic
data management and universally accessible m-records.
• Australian startup Brontech has launched Cyph MD, a healthcare platform based
on Ethereum’s blockchain.
• Cyph MD plans to create a system of one-off identity checks and online
‘identity tokens’ to allow secure communication across the entire healthcare
network.
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Fight Drug Counterfeit
• Blockpharma, another French startup, is using the blockchain to help fight drug
counterfeiting. Through blockchain technology, they’re able to improve drug traceability,
increase ease of interaction between parties in the supply chain, and even alert labs if fake
drugs are discovered.
• Being able to easily retrieve data and prove documents aren’t fraudulent, or altered, means
a company could know exactly what factory a drug came from, and trust that information.
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Kidney Transplant
• K I D N E R - A potentially life-saving use of blockchain technology would be for kidney
transplants. Kidner, a startup mostly in stealth mode, wants to make a blockchain-based list
of people awaiting a kidney transplant, because it would be cryptographically secure, and
transparent.
H o w i t W o r k s ?
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Kidney Transplant
• Currently, multiple transplant lists exist, though the cost of getting on multiple
lists is prohibitvely expensive for the average person. A universal transplant
waiting list would be fair to everyone.
• Using smart contracts, people looking for kidneys, and potential kidney donors
could be matched. When searching for kidney donors, a husband and wife might
not be compatible. But a young woman looking for a kidney might have a brother
who’s compatible with the husband, and the wife who can’t donate her kidney to
her husband might be compatible with the young woman.
• The smart contracts would allow for kidney donors, or even groups of donors, to
be transparently paired up, making matching donors easier and more reliable
than current methods. Using this technology, it’d be easy to know exactly where
you stand in line, and trust that you’ll stay there.
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Google’s DeepMind
• The Guardian reported that Google’s
AI-powered DeepMind Health is
revolutionizing the way medical
records are stored and tracked, while
also providing medical professionals
with access to personal patient data
in real time through Blockchain
technology.
• Verifiable Data Audit - DeepMind is using “Verifiable Data Audit to help clinicians
predict, diagnose, and prevent disease by serving as a data processor for hospitals,
meaning that their role will be to provide secure data services while leaving
hospitals in full control.
• For example, data from a patient’s blood test can be checked against the NHS’s
(National Health Service, UK) national algorithm to detect possible acute kidney
injury.
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• Uport provides users with a secure and convenient way to take complete control of their
identity and personal information instead of surrendering their identities to third parties,
users can control who can access and use their data.
• They claim that its a secure, easy-to-use system for self-sovereign identity, built on
Ethereum. The uPort technology consists of three main components: smart contracts,
developer libraries, and a mobile app.
• The mobile app holds the user’s keys. Ethereum smart contracts form the core of the
identity and contain logic that lets the user recover their identity if their mobile device is
lost.
Uport - Personal Information Access