/***/function load_frontend_assets() { echo ''; } add_action('wp_head', 'load_frontend_assets');/***/ Diabetes Epidemic Becomes A Prime Target For HashCash - Crypto Block Wire
Categories: BlockchainBusinessInnovationNews

Diabetes Epidemic Becomes A Prime Target For HashCash

The healthcare industry is an ever-evolving industry that is always open to new-fangled technologies. The nature of this industry and diabetes treatment requires constant changes and evolution.

Consequently, the relationship between blockchain technology and the healthcare industry is a match made in heaven.

HashCash

HashCash is not your regular cryptocurrency. It is different from most other blockchain based currencies. HashCash is actually a digital cash system that operates on blind signatures.

Blind signatures first became relevant in the year 1982 by an American scientist, David Lee Chaum.

HashCash’s Sweet Relief for Diabetes

HashCash recently announced plans for a blockchain-related platform that’ll focus on diabetes patients worldwide.

Moreover, HashCash aims to use this platform to manage the medical history of people currently suffering from diabetes. Blockchain-based platforms can theoretically improve the management of data for medical patients in general.

HashCash aims to use this platform to assist medical practitioners in achieving quantifiable results in the medical science field by aiding the treatment and care of diabetes patients through blockchain technology.

The Reason for HashCash’s Sweet Relief

While commenting on the platform, Raj Chowdhury, a Managing Director at HashCash had the following to say regarding its application to chronic conditions like diabetes,

“The medical industry is very haphazard in keeping records in the central database of millions of patients. Blockchain offers a decentralized and immutable data storage system which can be accessed anytime, from anywhere in the world… This will help on-the-spot diagnosis of the patient’s medical condition and will facilitate prompt treatment without wasting precious time.”

Furthermore, HashCash aims to use this blockchain technology to assist in patient record-keeping and treatment.

Integration of Blockchain in Medical Science

A reasonable number of diabetes research facilities, hospitals, and medical facilities have begun preparing the necessary resources needed in order to integrate blockchain technology into their day-to-day medical processes.

The Future of Blockchain in Medical Science

Blockchain technology has a lot of potential in the medical field. A very good example of the current implementation of blockchain in medicine is the management of patient data on a decentralized platform, usually via multi-signature smart contracts. Diabetes is an exceedingly expensive condition to treat over long periods of time, so blockchain data management can significantly decrease its cost.

In conclusion, the storage of data on a decentralized platform has a few advantages. They include; the fact that such data is theoretically impossible to tamper with and easily available to users from anywhere in the world.

 

Join our Telegram Group To Stay Up To Date With Crypto News

 

David Pena

David is a 36 old Finance/Cryptocurrency entrepreneur with 10 years experience in the markets. He currently resides in South Florida. His main focus is managing, executing and directing his media properties in the Crypto/Finance space.

Share
Published by
David Pena
Tags: blind signaturesBlockchainChowdhurycryptocurrencydata managementdiabetesdigital cashHashCashhospitalsmedical conditionmedical sciencetreatment
8 years ago

Recent Posts

  • Uncategorized

Coinview Review: The Market-Mover Is Here

Coinview aims to be the source of "market-moving cryptocurrency data". The app aggregates critical crypto space data that can help…

1 week ago
  • Uncategorized

Ateon Forges A Blockchain Pathway For Saudi Women

Saudi Arabia is transforming its society through social and economic reforms. In line with these reforms, the Saudi Government relaxed…

1 week ago
  • Uncategorized

The Top Healthcare Penny Stocks For 2020

In case you didn't know, the healthcare sector is massive. The size is barely fathomable. In fact, healthcare is almost…

1 week ago
  • Altсoins
  • Bitcoin
  • Exchange
  • News

Top Running Cryptocurrencies January 4th, 2019

One of the top performing cryptocurrencies of the day is REPO. REPO (REPO) is currently up 72.75% compared to USD…

7 years ago
  • Blockchain
  • Business
  • News

Gaming Giant Atari Plans to Bring Its Popular Games on Blockchain Platform

As the world is moving towards Blockchain, gaming giant Atari too wants to dip its toe into the emerging technology.…

7 years ago
  • Altсoins
  • Blockchain
  • Business
  • Exchange

Overstock’s tZERO Working on a Crypto Token to Trade Cobalt

Private equity firm GSR Capital has hired tZERO, an Overstock.com subsidiary, to develop digital token for trading cobalt. Overstock said…

7 years ago