Bowhead Health Creates World’s First Blockchain-Powered Medical Instrument

Blockchain technology can serve many different purposes, most of which have yet to be discovered. The medical sector is one area prone to disruption and innovation. Bowhead Health is trying to bring the medical sector and blockchain technology closer together as we speak. They are providing a real-time biometric test unit which is fully powered by the blockchain. An interesting concept, to say the least.

Blockchain in the Medical Sector Makes Sense

Our society can greatly benefit from solutions which allow us to optimize our health. More specifically, there is a growing need for personalized solutions and treatments. Despite the health supplements market being valued at US$200bn annually, there are still far too many generic “solutions”. Bowhead Health aims to change this one step at a time. Their new product will allow anyone in the world to test their body and work out a personalized solution to optimize their health.

One particular factor that comes to mind is preserving patient anonymity. The company will take care of this, as they give users the option to disclose their information for research or not. All of the patient records are stored in smart contracts, which is a nice touch. Users will always be in full control of their data, and how others can interact with this information. Blockchain technology can be used for both public and private information, after all.

What is the Bowhead Product?

The Bowhead device in question is connected to the internet and monitors the health of individuals at home. It can also be used as a way to acquire new knowledge for both patients and healthcare professionals. Some users will need expert advice and be keeping tabs on their habits is of the utmost importance in this regard. What makes the Bowhead even more attractive is how it can dispense personalized medication. The initial phase will let it provide supplements and vitamins, but there is always room for future improvements.

While the Bowhead itself will take care of the dispensing aspect, there will also be a companion app for iOS and Android. This app will allow patients to see their data, interact with healthcare professionals, and even receive reminders to stay on top of their schedule. All things considered, it sounds like a very potent ecosystem which will radically change the world of healthcare as we know it today. Plus, the app is very intuitive to use, which makes it accessible to [less] tech-savvy users alike.

Whitepaper and Token Sale

There is a lot more going on behind the scenes of Bowhead health. The team has put together a comprehensive whitepaper which touches upon every aspect of this project one can think of. It is evident such a device can make a major impact on the healthcare industry as a whole. In fact, the paper also mentions the prototypes which have been developed over the past 18 months, including the Bowhead, its mobile app, and test cartridges.

Rolling out such a project on a global scale will not be cheap. This is why the Bowhead Health team will organize an ICO, during which 40 million of the 100 million AHT tokens will be sold. Said token represents the payment distribution from pharmaceutical and research companies. The ICO will commence on July 17th and run until August 31st. There is no minimum investment goal nor a maximum cap. Tokens will be priced at US$0.65 per AHT, although a bonus schedule is in place for the first 15 million tokens being sold.

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The security of the netizens stands at risk today in the face of invasive surveillance tactics as employed by the large corporates which are increasingly acting as the self- proclaimed gatekeepers of the web. The internet today is neither open nor private, and these ‘gatekeepers’ are causing it to operate as a centralized service. There are also big benefits that are reaped from selling user browsing data.

Mysterium is taking steps to tackle this problem by developing the first fully decentralized and distributed VPN in an effort to safeguard online privacy. With their vision for a blockchain-based virtual private network (VPN), the platform looks to put the user privacy first.

Mysterium has recently released its whitepaper which outlines a protocol that is designed to ‘dissolve’ user’s data through a process of shredding, encrypting and sending it deep into the Network. The whitepaper outlines their vision for a global peer to peer network that combats the risk of cybercrime.

The Mysterium platform is designed to provide this security layer on demand, whether browsing at home or in a public WiFi hotspot. Mysterium can also be used to protect sensitive data against cybercrime for example, in healthcare, BFSI and telecommunications industries.

So how does it work?

The computing power is pooled by Mysterium as a means to create a distributed network of nodes. These nodes are then made available to those needing secure VPN connections on demand. The users can even earn MYST tokens in reward by sharing their excess bandwidth to the network.

MYST is the native token of the Mysterium network operating as an access and permissions token. An inbuilt trading platform called CORE will manage the give and take of services on the network through a proof of contribution protocol.

The global VPN market is expected to reach $106 billion by the end of 2022 with cybersecurity as a ‘major driving factor’, as per the report form MarketResearchFuture. And Mysterium believes that it will be a key platform to powering this future with the highest levels of transparency, resiliency and security.

With its mission to provide privacy to all Internet users, Mysterium is bringing cybersecurity into the focus, as it believes in a future where users are protected from being subjects of corporate and government interests.

Creditbit is one of the most underrated projects in the cryptocurrency space right now. A lot of work has been done over the past few months, and it looks like things will continue to heat up over the coming weeks. Charlie Shrem recently met with Creditbit CEO Mladen Babic, and he will also provide some feedback on the project’s whitepaper. Moreover, Creditbit has successfully begun its migration to the Ethereum blockchain as well.

It is impossible to deny the success Creditbit has had over the past few weeks. The team’s CEO, who goes by the name of Mladen Babic, met with Charlie Shrem a few days ago during a convention. Judging by the picture on Twitter, it seems evident both men share an interest in this project and how it will be moved forward over the coming months. Charlie Shrem will also take a look at the Creditbit whitepaper and provide his expertise on the project.

Although the specific details of the meeting between the Creditbit CEO and Charlie Shrem have not been revealed, it seems evident both parties will be working together moving forward. Charlie Shrem is a well-respected name in the world of cryptocurrency. Moreover, he has a keen eye for projects that will see their fair share of success in the long run. In a way, this meeting can be seen as a validation of the potential Creditbit brings to the table.

The Creditbit whitepaper was released to the community last month. In this document, the team has documented their plans for the Credit platform so far and how they plan to move forward. The migration to the Ethereum blockchain plays an important role in the project’s future. So far, the first migration stage has been slightly extended as of a few days ago, yet things seem to be coming together nicely. It is good to see the developers keep its community updated regarding these important matters.

This meeting between the Creditbit CEO and Charlie Shrem is quite an exciting time for the project’s community. A lot of positive things are happening in quick succession, which also has a positive effect on the price. In fact, the Creditbit market cap has increased to US$14.5m as of last week. Moreover, the price of each individual token reached a value of US$1.25, making it one of the more valuable and promising cryptocurrencies in existence right now.

iEx.ec is developing its first Blockchain-based, fully distributed cloud computing platform to invent the internet of the future. It has already released the very first version of its whitepaper .

The details of iEx.ec’s vision, the market, and the development roadmap are completely outlined in the document. It also elaborates upon the upcoming crowdsale of iEx.ec’s tokens scheduled for January 17, 2017.

iEx.ec is a follow-up to the CloudPower project, which was supported by the French National Research Agency (French), the University of Lyon, the French National Institute for Research in Computer Science (INRIA), the University of Paris XI, and the French National Center for Scientific Research (CNRS).

I Execute or iEx.ec is a French/Chinese company headquartered in Lyon, France with an office provided by Tsinghua University X-elerator. The platform was first introduced at the Ethereum Devcon2 conference held in Shanghai, China in September 2016. The team also successfully showcased a demo of the platform at the Super Computing Exhibition 2016 held in Salt Lake City, USA.

iEx.ec is working to improve upon  the Ethereum smart contracts allowing the creation of virtual Cloud infrastructure that provides High-Performance Computing (HPC) services on-demand.

With the platform, iEx.ec aims to provide blockchain based distributed applications a scalable, secure and easy access to the computing resources required for their execution. It uses the blockchain to organize a market network where everyone can monetize their servers, applications, and data-sets.

iEx.ec leverages technologies being developed in the field of Distributed and Parallel computing, and relies on XtremWeb-HEP.

It is further developing a Proof-of-Contribution protocol that allows off-chain consensus. With the Proof-of-Contribution protocol, external resource providers can have their resource usage certified directly on the Blockchain.

The iEx.ec team firmly believes in a future of decentralized infrastructure and market network, where Big Data, HPC, IoT, and AI applications, highly valued data-sets, and computing resources (storage, CPU, GPU etc.) will be monetized on the Blockchain with the highest level of transparency, resiliency, and security. iEx.ec will be the key platform powering this future.

The use of Bitcoin blockchain has been widely discussed among the community for a while now. Innovations in the Bitcoin sector have shown that the digital currency’s underlying technology can be used for applications beyond the digital currency. This realization led to the evolution of Bitcoin to Bitcoin 2.0.

It is already a known fact that the blockchain technology is being used by the banking and financial sector to facilitate fund transfer and develop trade settlement systems respectively. Similarly, there are a couple of companies offering digital rights management solutions using blockchain technology.

BitFury, one of the bitcoin mining firm has recently published a whitepaper that discusses the use of blockchain technology to secure and manage digital assets in such a way that it can become a norm in the near future. The whitepaper titled Digital Assets on Public Blockchain was published yesterday by the company and it is available for download on the company’s website.

BitFury and Digital Assets on Blockchain

The BitFury white paper on Digital Assets Management explores the potential use of blockchain technology to store digital assets. Unlike physical assets, storing digital assets is a bit tricky. With physical assets, one can always keep it under a lock and key or never let it out of sight to keep it safe. However, with digital assets, they are already invisible to start with. A set of 1s and 0s, these digital assets are vulnerable to unauthorized access and hacking attempts.

Digital assets can be used to establish a claim of ownership and transfer. Some of the use cases of digital assets include Shares and financial securities, Smart property where the digital asset proves the ownership of a property along with the information of previous owners if any. It can also be tied to a certain value of fiat currency, in cases of loans etc.

The white paper defines a digital asset as a floating claim of certain goods or services governed by computers. The Bitcoin protocol is developed using the SHA-256 cryptographic algorithm. It can be used as a secure platform to store and transfer the ownership of digital assets as the inherent properties of blockchain prevents counterfeiting. Other properties like immutability, disintermediation and ease of transfer, combined with transparency and ease of auditing makes it more worthwhile.

There are two types of blockchains- Public blockchains and private blockchains. The public blockchain can be explored by anyone and they can also create new transactions on the blockchain whereas private blockchain is closed systems, that can only be accessed by those who have necessary privileges.

Comparing private and public blockchains for digital asset storage, public blockchain offers a better advantage over the private ones. With public blockchain, the user can choose to do whatever he wants with his digital assets without having to rely upon a third party. It will also offer one unified place where anyone can store their digital assets, irrespective of its nature.

The BitFury whitepaper offers a much detailed insight into the various merits and demerits of different types of blockchain and how it can affect the usability.

For more details, the white paper is available for download here.