The healthcare industry is currently set to face a massive overhaul. With change knocking on the doorstep, it really begs the question: how will technology have its hand in shaping this transformation? While many answers have been asserted none look more promising than blockchain technology. This new technology has professionals excited about how it can revolutionize data stored by healthcare providers.
Currently, the flow of information within the industry is largely controlled by middlemen. These middlemen often come in the form of insurance providers, who take a profit for their services. Thanks to the addition of a go-between, inflation exists in the cost of healthcare for consumers. Oftentimes, it doesn’t provide the highest quality services, or really even quality services.
Joseph Lubin, Founder of ConsenSys and Ethereum, recently spoke at Rice University about business and blockchain technology. He covered a number of topics regarding how Consensus and Ethereum came to life. In addition to his business successes, he discussed how he believes blockchain technology can help improve global digital identification and reputations.
Ethereum, of course, is considered the next version of blockchain. (Learn more about Ethereum!) The company was founded in late July 2015 as an open-source blockchain, featuring smart contracts. (For more information regarding smart contracts, head here!) ConsenSys, on the other hand, seeks to create dApps (decentralized applications), to facilitate peer-to-peer transactions. Its focus is to devise Dapps that will ultimately change the way we do business, interact on a human level, and our current economic channels. (Click here to visit ConsenSys’s website.)
Blockchain Provides Huge Strides in Healthcare Data
When it comes to healthcare reform, only one thing is certain: it’s going to be a tall task to complete. The recent change in administration has led to examination of current insurance healthcare data systems. Healthcare is poised to change, thanks to both the White House and Congress. This leaves the industry left with the question of how it is going to adapt to the rapidly changing healthcare environment.
Canada to Move Towards Massive Blockchain Undertaking
Canada is next in line to participate in the blockchain revolution. The country has latched on to the true benefits of the technology. Massive, untapped blockchain technology potential can affect (and help!) our everyday lives!
The vast, expansive nation is set to hold a conference in June, in order to discuss the potential impact blockchain may make on the country, and government. The attendees plan to discuss everything from personal identity, to data security, and tokens. Canadians realize the true capacity of blockchain technology.
Why Biometric Verification is Important in Blockchain Technology
Biometric verification is one of the hottest things on the blockchain horizon. Every person on Earth has specific features that are unique to an individual. Some of these features include fingerprints, the iris, ears, and even odor! Your body has markers that indicate you are you. In the United States, hospitals record births with finger and toe prints stamped directly to the birth certificate. Of course, this is now considered old-fashioned way to track the identity of people.
Financial institutions already implement biometric verification technology. A handful of them already require individuals to verify their identity specifically with retina scans or iris scans. This helps ensure that the person who is supposed to be accessing the account is actually accessing the account. Since biometrics are clearly something that is personally identifying information, it’s important to keep it close to the heart and not share that information.
Welcome to Blockchain.WTF, where we aim to curate the best information about cryptocurrencies and the blockchain industry. While we’re not alone in this journey and a variety of other resources exist on these topics, we have an explicit goal of being approachable, practical, and relatable… and to do it all in a fun way! We hope these ingredients will add to the recipe of global blockchain adoption. Will you help us get there?
10 PRINT ‘HELLO INTERNET’
We’ve started this project as a way to reach out to a wider gamut of users that depend on technology in a more practical sense, i.e. “How does this help me?”. Over the last few years, the definition about what a blockchain is and is not has gone through many refinements. We firmly stand in an era where the banking industry’s attempts at coopting blockchain technology has resulted only in blockchain inspiration—not a blockchain itself.
The king is dead, long live the king!
What we’re left with is a clear definition of blockchains that does indeed encompass a set of technologies, but also represents an ideal bolstered by anti-fragile protocols that enforce a social compact to the benefit of its users. As we move into 2017 colored by Brexit, Trump, and far more worries than any individual could possible handle, we have to start asking ourselves what the solution is to the widening chasm between people and their governments. Instead of expecting the very broken system to produce some magical fix (a “silver bullet”), we can instead look to new sorts of governance that obsoletes the old. These new system will have to remain free of control of any particular entity and should be native to our new reality augmented by the internet. For this, blockchains (not “distributed ledger technology”) is an ideal candidate.
Beyond the blockchain bubble
Since I got you at least this far into the article, it’s probably time to shamelessly cross-promote my talk from Ethereum DEVCON2 on this exact topic. Don’t have time for a video? I got you—my TLDR is below
Too Long; Didn’t Read
What I’m trying to suggest in this presentation is a core idea of making blockchains appealing to general masses, not due to idealogical or philosophical alignment, but instead due to practical use cases that tangibly improve their lives. This means talking about some of the problems we currently experience and how magic internet technology on our mobile phones could make things so much easier.
Filling out a new patient paper form only to have it typed on a computer is silly—wouldn’t it be easier to text my contact card? Of course, things work a bit different in blockchain land, where you always retain control of the data and grant/revoke permissions as needed. While this example is a common frustration we share, such commonalities can be limiting. Instead of finding the “perfect elevator pitch”, we should find 100 of them and connect people to those ideas that resonate most strongly with their day-to-day needs.
Starting from Scratch
The long and short of it is that we now have the technological capability to build a system that Bucky Fuller would be proud of. One that obsoletes the old, broken, highly politicized and inaccurate Diebold voting machines and replaces it with a system of digital signatures and “own your own data”. When combined with innovations in privacy so that we can count votes without revealing who voted for whom, the future might not start to look so bleak. All we ask is you share this with loved one and help make it be the best resource when your friends ask “Where do I go to get started with blockchain?”
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What we’re trying to build with blockchain wtf is a brand that can reach a global audience and do it in an easy-to-understand, down-to-earth, relatable way. That’s why we’ve organized content around specific industries of concern. Know a nurse? Send them a link to the healthcare section and help them get a leg-up on what might impact their career. Know a technologist? They might love learning more about web3. In general, we want to share tangible and socially beneficial stories with all of our families, friends, and tribes. Taking blockchain and cryptocurrency from a nascent industry to global adoption will mean we do the dance of YouTube, Facebook, and all the rest. In the meantime, we’ll be framing everything in the context of what is wrong and what we’re actually doing to fix it. If all goes well, we’ll document the whole process and help teach others along the way. Will you join us on this adventure?