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   747

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.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   54

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.