Inaugural Summit to discuss Blockchain in Healthcare

The Patientory Stiftung is organizing Inaugural Summit 2018 on May 31 to address the potential of the blockchain technology to aid healthcare
28 April 2018   709

The Patientory Stiftung is a global non-profit healthcare blockchain member organization that securely stores and manages health information in real time via blockchain based token PTOY. At present, the healthcare industry has issues with managing and storing data (i.e. clinical trials, patient medical records, complex billing, medical research, etc.).

In order to address the problem, the organization is holding Blockchain in Healthcare Summit in Atlanta on May 31 at Four Seasons Hotel. Industry experts are going to talk about the potential of the technology as well as its limitations. The event will comprise of a networking session (300+ healthcare and blockchain professionals are attending), expert lead Connect-A-Thon sessions (explore specific healthcare use cases) and keynote presentations session.

Presentations are going to cover many topics, some of them are as follows:

  • Introduction to Blockchain Healthcare;
  • Disrupting the Model: consumer-driven healthcare;
  • Considering blockchain in healthcare use cases;
  • Gene chain: disrupting the geonomic industry with blockchain;
  • Quality measurement: value-based programs.

The conference is sponsored by EncrypGen, Blockchain Executive and BlockCypher. To find out more about the event, you can visit the official page here.

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   410

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.