Blockchain empowers healthcare testing products

A new partnership will mark the first enterprise-level deployment of blockchain for the life sciences
08 March 2018   548

On March 7 a leading healthcare blockchain data company BurstIQ partnered with a provider of personalized testing products and cytometry services FlowMetric Life Sciences. As the first stage of cooperation, BurstIQ will handle data management of FlowMetric blockchain-based platform. With the adoption of blockchain platform clients will be able to acquire personalized testing devices that include enhanced data security, full control over their own testing results, i.e. the usage and sharing of the data.

Blockchain is a game-changer. The BurstIQ platform will allow us to offer a level of service to both our enterprise and individual customers that is truly best in class. In addition, it opens new distribution and partnership channels that allow us to accelerate our growth.

 

Ren Capocasale

CEO, FlowMetric

Along with a default set of products, there is a space for premium line like chromosomal age tests, toxicity, oxidative stress, inflammation, etc. This full suite will become available on BurstIQ healthcare marketplace and be based on BurstIQ monetization engine - BIQ token.

Upon expansion, the blockchain platform will implement its advanced machine intelligence layer and offer such platform to FlowMetric's customers. Eventually, this flow will create a secure and auditable chain of custody of clients' samples and data.

We're thrilled to partner with FlowMetric. Our partnership with them will create the first cryptocurrency-enabled personalized medicine marketplace for consumers. In addition, we will be able to successfully demonstrate how blockchain solves the institutional data challenges impacting the biopharma sector. It opens the door for an entirely new way of doing business.

 

Frank Ricotta

CEO, BurstIQ

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   137

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.