Ascribe and Tangent90 Announce Blockchain Partnership with BigchainDB

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Tangent90 and Ascribe have recently announced a partnership to bring Blockchain technology to the medical industry to satisfy compliance and copyright requirements and ensure full transparency for all stakeholders.

Tangent90 has partnered with ascribe to build a trust network that enables companies, and healthcare professionals to track ‘value transfers’ including digital materials, physical items and payments. There is a need for a trust network because of government and industry mandates (US Sunshine Act, EFPIA in Europe) to ensure regulatory and copyright compliance. This initiative supports patients, healthcare professionals, commercial organisations and government to be transparent and open.

“Companies want to deliver on these regulatory requirements but there is so much ambiguity and duplicated effort, costing time and money,” said Tangent90 CEO Richard Lucas.

“Transparency regulation places an administrative burden on everyone – industry, doctors and regulators – we’re going to solve it with a seamless system built on a blockchain database.”

“We’re excited to support Tangent90 to build a trust network in the medical field. If we can reduce the administrative burden while helping stakeholders to fulfill compliance requirements, it’s win-win for everyone,” said Bruce Pon, CEO of ascribe. “This is a classic use case for blockchain technologies, where you have multiple stakeholders and multiple data sources, but you want a single source of truth.”

By tracking transactions on the blockchain, records are immutable and auditable by everyone. Tangent90 will use BigchainDB, a scalable blockchain database provided by ascribe as the storehouse for transactions, data and copyrighted materials. ascribe has been a vanguard in providing a digital copyright ledger enabling copyright provenance to be established, transferred and sub-licensed.

This solution could eventually cover the estimated 20 million value transfers in the EU and US alone, such as flights, hotels, and honorarium, bringing transparency, while reducing administrative burden for everyone.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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