Blockchain is able to change health care for the better

More or less blockchain technology is being used in energy, tourism, food industry, but many projects are still "raw" and need further work
04 December 2017   539

There are also those in which the detachment can actually work.

One of these areas, deserving close attention, is medicine. Imagine how many patients visit hospitals and polyclinics, and how much paper for medical records and files are required at the same time. It is very important for healthcare to have as fast as possible access to information that will help in the treatment of patients and in general, to maintain the patient health.

“Healthtech” system would provide easy and timely access to the patient's medical history, insurance companies would provide timely payments to health care staff. Effective data processing and management could also prevent the aggravation of diseases.

However, the storage and management of medical data requires special care and caution. Therefore, there is the Health Insurance Portability and Accountability Act, which monitors the proper storage and management of medical data.

According to Dell, the theft of data comes from inside the medical institutions, as 72% of employees are willing to sell confidential information. However, sometimes this happens unintentionally, when employees themselves unknowingly connect to non-secure networks.

Therefore, more effective means should be invented to protect health data. Blockchain usage has great advantages. All data will be stored in decentralized nodes, each patient will have an encrypted key, for the reliability of which the AES256-GCM with 256-bit key is used for each 128-bit block. Thus, the data will never be lost. The interested subject can choose the supporters who will be able to have access to the information.

The use of blockchain in various spheres can significantly save time and money in the long term. Also, these solutions can reduce a large amount of paper work. After all, as reported, only the US government loses $ 440 million a year to use paper in office work. Blockchain can be used to protect personal information and data from hacker attacks.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.

Saifedean Ammous


CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.