Inshorts

Blockchain’s use in the healthcare field is increasing day by day. The latest news came from Delaware, US. As coindesk express, The Medical Society of Delaware would like to build a proof-of-concept focusing on the pre-authorization process for care providers and medical insurers. The trial will also create a chain of patient records that can be accessed by insurers and medical care providers. The vice-president of the society states that the new system will not only work for particular point but the other healthcare administrative issues as well. As we reported earlier, Delaware has officially passed the law to use blockchain for stock trading and record-keeping.

A research office in the UK offered amendments for the country’s laws concerning cryptocurrencies to facilitate police work. According to the report of the research partnership, the offer aims to track, investigate and prosecute the illegal works, money laundering, ransomware attacks, blackmail and fraud through cryptocurrencies. The report states that cryptocurrencies become more popular among the criminals. Particularly the report pointed the 2017 global ransomware attack, when hackers demanded payment through cryptocurrencies for the files’ decryption.

Norway’s major healthcare providers trust distributed ledger technology. According to IOTA’s blog, Norway has always been world leading in adopting digital technologies across both the public and private sectors. Now the IOTA company has partnered with Norway’s leading healthcare services to provide its’ distributed ledger network protocol, Tangle. As cryptocoinsnews commented, thanks to the rapid decentralization eHealth has seen significant growth in recent years, the new approach will help to improve diagnostics and detect cancer on early stages and to predict the spread of the flu and other viruses.

Blockchain protection will be used against future cyberattacks like WannaCry. As reported by Cointelegraph, City University London and Indian Institute of Technology Kharagpur will establish consortium which will enable to arm health care entities against the effects of international cybercrime. It is recalled that UK’s National Health Service was the primary victim of WannaCry. As stated by professor Rajarajan of network engineering at City University, the consortium will be exploring the use of a privacy-preserving Blockchain architecture in healthcare data-sharing to provide greater security for the device. Security of IoT devices used in health networks are supposed to be another focus of research.

Video cards sales rate is growing. According to Coindesk, Jen-Hsun Huang, CEO of Nvidia graphic card manufacturer commented that the cryptocurrencies’ uptrend resulted in increased demand in GPU sales. He also believes that the blockchain and cryptocurrencies are here to stay, so the new cryptocurrencies will come to market and the graphic cards are doing very well on that subject. Rising of the cryptocurrencies resulted in the number of sales grown average of 59% compared to previous year. However, last month Lisa Su, AMD CEO indicated that the company doesn't see a long-term future for sales in the mining market.

11 banks to use DLT in finance application. As coindesk reports, a group of banks will use a DLT trade finance application developed by the R3 Corda platform. The list of involved banks include Bangkok Bank, BBVA, BNP Paribas, HSBC, ING, Intesa Sanpaolo, Mizuho, RBS, Scotiabank, SEB and U.S. Bank. The app aimed at smoothing the financial process and to eliminate the paper-based processes in financing chain. Over the past year and a half many other world's financial institutions began testing similar solutions in the area of trade finance.

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Blockchain startup ShapeShift has made partnership with an online retail giant company Overstock. As Coindesk portal states, the partnership will allow the clients of the retail giant company to use more than 60 cryptocurrencies for payment. ShapeShift allows digital currencies to be easily converted between different coin types in a matter of seconds. The move further comes at a time of broader diversification in the cryptocurrency market. Overstock CEO Patrick Byrne explained the decision as one that gives its customers greater freedoms outside of the traditional financial system and keeps it in line with new developments in the blockchain market.

The Japanese technology giant Fujitsu is planning to deploy multiple blockchain business models. As Fujistu announced on its website, Fujitsu Laboratories has developed technology to speed up transaction processing by making the processing of communications between applications and the blockchain platform. In a trial where this technology was implemented in Hyperledger Fabric, it increased transaction performance by approximately 2.7 times compared to the previous method. One of the Fujistu spokesman pointed that the company does not plan to use the technology in a single business model, but the plan is about using it in various ways.