JP Buntinx from Bitcoin.com has written an interesting piece on uses of blockchain technology in medical records and for wearables at Bitcoin.com:
Even storing medical records in the cloud is no longer a viable option in our society, as cloud services are prone to attacks and data loss as well. In fact, there only seems to be one way forward, and that is using decentralized database solutions, powered by blockchain technology. Doing so would remove any central point of failure from the equation while bringing top notch security to boot.
Under current legislation, medical records have to be protected in an adequate fashion. If the companies and institutions in charge of this protection are to be believed, there is nothing wrong with the current system, and all involved parties considering this responsibility a top priority. However, traditional systems are also prone to data breaches and hacking attempts, and things need to change sooner rather than later.
…Wearable technology is another major innovation that seems to be taking the world by storm, despite its huge potential for security risks. Most wearable technology products are just a “secondary screen experience” for whatever is going on with your mobile device, but that situation could change in the near future.
That being said, every piece of wearable runs an operating system, which could be vulnerable to malicious attacks. Using technology solutions such as Factom would keep data stored safely on the blockchain, rather than keeping it on a device located on your wrist or neck.
There are major hurdles to overcome when it becomes to these disruptive technological innovations. Factom, wearable technology, and even the decentralization of services are all being greeted by wariness at this time. However, by creating use cases nearly every person on the planet can relate to, Factom and the blockchain will make the world a safer place, and not just for wearable gadgets or medical records.
Read full article here.
- Toronto’s Creative Destruction Lab Joins Facebook’s Libra Association - June 19, 2019
- Australia’s Power Ledger to bring P2P Energy Trading to Austria - June 19, 2019
- Litecoin Foundation Teams Up With Bibox And Ternio On Special Edition Litecoin Debitcard - June 19, 2019
- US Legislators Call for Halt to Facebook’s Cryptocurrency Plans – And to Face Congress - June 19, 2019
- Hyperledger Welcomes Diverse Line-up of New Members for Identity Project - June 18, 2019
- Facebook Announces Calibra Digital Wallet and Libra Cryptocurrency - June 18, 2019
- MIT Professor Silvio Micali’s Algorand Project Announces Date for First Auction - June 6, 2019
- SEC sues Canadian Messaging Service Kik Selling Unregistered Securities in its $100 million ICO - June 4, 2019
- CrowdEngine Teams Up With Polymath Adding Security Token Issuance to List of Crowdfunding Services - June 3, 2019
- Bitcoin Inc. CEO Morgan Rockcoon Busted – 21 Months in Prison and Fines - June 3, 2019
- Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia - June 3, 2019
- Swisscom TV Opens Blockchain-based Art Gallery - June 3, 2019
- Canadian Messaging Service Kik Burns $5 Million Fighting SEC Over Utility Tokens, Now Raising $5 Million More to Continue Battle - June 3, 2019
- Salesforce Introduces CRM Blockchain Platform For Selected Clients - June 3, 2019
- Block.one Plans to Tackle Pitfalls of Social Media With New Blockchain Community Called “Voice” - June 3, 2019
- CasperLabs and Ethereum on Proof of Stake Protocol at CryptoChicks in Toronto, family ran Hack-A-Thon for blockchain family - June 3, 2019
- World Economic Forum Inaugurates Global Blockchain Council to Address Lack of Well-Defined Rules for Working with Blockchain - May 29, 2019
- India’s First Blockchain Powered VoD Platform ‘myNK’ Launches At Cannes Film Festival - May 27, 2019
- New Zealand’s Cryptopia Exchange Packs It In – Announces Liquidation - May 15, 2019
- Canadian Blockchain Expert Alex Tapscott and NextBlock Global Limited to Pay $1M for Misleading Investors - May 15, 2019