German Consulting Firm Camelot launches Blockchain

German Camelot Consulting Group has advanced a Blockchain-based resolve for medical data management, as it was reported by Cointelegraph auf Deutsch
10 April 2018   1697

The firm aims to suggest the healthcare industry a secure digital platform for the exchange of patient data using its Hypertrust X-Chain data management system. It aims to ensure all customers that are authorized to participate in the therapy process with decentralized Blockchain-based data storage.

According to the company report, all data operations are encrypted and kept on an unchangeable Blockchain and will be performed directly between the authorized participants. It will also let the "integration of partner systems", "real-time temperature, location and quality control as well as reliable proof of origin".

In order to illustrate the merits of the new system in comparison to conventional methods, Camelot Consulting Group uses the sample of extracorporeal cell therapies in which patients' cells are removed and processed in a compound, multistage process.

Hypertrust X-Chain's closed-loop produce chain approach precludes any mess or misuse of samples and data during therapy. The system matured by Camelot Consulting Group is exactly one of an even longer list of Blockchain projects for data management. Chile's national energy regulatory organization declared some days ago that it will manage national energy sector data through an Ethereum-based platform.

Polish major bank PKO Bank Polski recently confirmed its purpose to introduce a Blockchain-based storage and verification system for the administration of its customers` documents.

Audi is also presently testing its own Blockchain technology for maintaining physical and financial distribution processes in international logistics.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   235

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.