As it became known, the Chinese telecommunications company Huawei is going to cut several hundred workers in the United States of America. Recall that in recent months, the company fought with the US government, after the Trump administration imposed a ban on the sale of their products in the United States. The official reason for the ban is a threat to state security in the context of the ongoing US-China trade war. According to the WSJ, Huawei plans to fire employees of the research company Futurewei Technologies, which manages a number of research laboratories. It is reported that some of the company’s employees will be offered to return to China to let them continue working in Huawei. Recall that in May 2019, the administration of the President of the United States issued an order to ban the sale of Huawei products to all American companies. In addition, Huawei can not buy software for their products. At the G20 summit, Trump said that he will ease sanctions against this company, but as of the moment, the situation still has not changed. We want to remind: The U.S. Department of Commerce Said Huawei is Still Blacklisted
A patent for a blockchain payments system has been granted to South Korea’s leading credit card firm Shinhan Card
The big Bitcoin correction has not been unexpected. The mess it has left the rest of the crypto world in, however, is still being questioned. The altcoin apocalypse has deepened this Monday morning as double digit losses are flashing red across the boards today. Crypto Markets Hemorrhage $50 Billion In a weekend long selloff cryptocurrency... The post Altcoin Apocalypse Continues as Crypto Winter Threatens to Return appeared first on NewsBTC.
Pharmeum have a working product that is already in use! The problem Today, it is not easy for you to travel from any country/city and access border-less Healthcare. The issue here arises in the lack of trust with the patient's access to Healthcare across the globe, but what if a trust-less form of technology was used? Medical errors were reported to account for the third largest cause of death by the British Medical Journal in 2016. Wrongful prescription of medicines attributed to 70% of errors alone. Paying the increasing cost of medicines and treatment is becoming a huge burden for patients and with many of these medicines and treatments actually saving lives, we are at an extremely critical turning point and something needs to be done in order to change this dynamic. The Prescription process is outdated and inefficient and means that patients have to queue for their medicines and also must spend time and energy chasing repeat prescriptions. How can such antiquated methods be tolerated in our digital high tech society? Patient health is left in the hands of a doctor who is almost certainly incredibly busy and therefore the chance that he might make an error or oversight is high. Early detection and diagnosis of possible life-threatening conditions is hit and miss and is reliant once again on a healthcare professional getting it right every time —will this always be a high probability? Finally, high on the list of ‘other’ problems, we have the thorny issue of data security. Believe it or not, health records are more prized by hackers than even credit card numbers. Social security numbers and personal addresses in health records have far greater longevity than credit card numbers and so can be used to apply for credit cards or circumvent anti-fraud measures. Health care institutions do not have the same level of security as banks and therefore they are far more vulnerable to targeting and exploitation. The solution Pharmeum has built the first private blockchain solution, incorporating artificial intelligence, enabling them to put patients at the centre of the healthcare system, and for the first time, giving them a real say in how their data is managed. With the Pharmeum platform, patients will have full control over their data, even to the extent of giving permission for their data to be analysed and by whom. The Pharmeum Smart Network (PSN) is a friction-less ecosystem, given that it is paperless and that timely information on a patient’s prescription is sent to all interested parties as soon as the doctor has prescribed treatment. Thereby connecting hospitals, insurance, pharmacies and patients under one network. Cost efficiencies are made in this way which knocks on to the price of the prescription. Also, by way of a mobile app, the patient is able to see all the pharmacies in close proximity and view just how much their prescription costs in each one, allowing them to choose the most cost-effective one ‘anywhere’ they happen to be in the world, as well as see how delivery prices compare. All processes on the Pharmeum platform are instantaneous, whether that be the sending of the prescription, the payment or when the patient grants data access to a particular health care entity. Cryptographic storage enables a patient’s entire medical history to be safely stored whilst being easily and securely accessible when necessary. Where patient health is concerned speed and security are of the essence and it seems Pharmeum has this covered. Another element that really gives Pharmeum the edge over competitors is its use of artificial intelligence (AI) married to the blockchain, creating the Pharmeum Brain. Consistent analysis of patient data over time using AI deep learning algorithms means that unusual patterns in the data can be spotted early which can forewarn of the beginnings of a medical problem. The system then alerts the doctor or pharmacist who can contact the patient right away for remedial treatment. The AI technology also works in the background while a doctor is prescribing and authorising medication use. Given just how busy doctors are and how they may be working on several prescriptions at once, AI can detect an incorrect prescription based on a patient’s health history and can alert the doctors, allowing them to review the particular flagged subscriptions. Given the necessity for huge scalability, with the sheer number of patients to be served in a health system project like Pharmeum, the actual choice of the blockchain platform is extremely important. Hyperledger Fabric is just right for this project because it can provide an enterprise-grade blockchain network capable of more than 1000 transactions per second. Private channels enable patient privacy and security. IBM, Intel and Cisco have adopted Hyperledger, which also makes it an extremely stable and well-backed platform. Adoption Pharmeum is not just a blockchain blueprint with lofty ideals. Serious traction is taking place, which began with BluePatient, a project that trialled successfully with the NHS during Q2 of 2018. The fact that Pharmeum was able to trial its product with such an important institution speaks volumes for the perceived trust and potential of the platform. A MVP (minimum viable product) was developed in Q4 2018 and now the live platform is currently being trialled in the UK, a working platform even before the PHARM token is offered at IEO in Q3 this year. The PHARM token will act as the very first universal healthcare token, enabling borderless access and payment of medical costs. Recently, at the end of May, Pharmeum, in the person of CEO Zain Rana, attended the Malta Blockchain Summit. Here Pharmeum was recognised as a pioneer in AI and Blockchain implementation. After being shortlisted, Pharmeum eventually achieved the rank of 3rd in the list of Top AI Projects of 2019. Pharmeum can be the first to use a permissioned blockchain to store patient medical data and prescriptions. Their use of the PHARM token as a friction-less payment medium can revolutionise how medicines are paid for. In addition, their plan to put patients at the centre of their own health care, giving them choice and cheaper prescriptions should make Pharmeum a strong contender to lead global health systems into the future. Disclaimer: This article should in no way be taken as financial advice or as encouragment to invest in any particular asset or company. All those wishing to invest in the crypto market should do their own research or use the services of a fully certified financial adviser.
The merchant advisor to Litecoin Foundation Jonny Moore is noting how Litecoin, Bitcoin and other digital assets could become more stable for use on everyday purchases. In a new video, Moore said: “A lot of people say, Jonny, Bitcoin is never going to be a good payment system because it’s too volatile. That’s why we need Libra coin. That’s why we need stablecoins, they say. Guys, we’ve already solved this problem.” For those that don’t know, in order to use cryptocurrencies like Litecoin for everyday purchases and to get merchants onboard by accepting digital assets as a payment method, Moore goes onto explain how point-of-sale platforms use software that can settle crypto transactions in an instant, converting Bitcoin, Litecoin and more into fiat as soon as the merchant finalises the sale. You can see Moore’s full video tweet here. The solution bridges old money with new crypto assets by giving people the ability to spend crypto in the real world whilst they also enable merchants to receive dollars, removing the need for concerns in regards to exposure to Bitcoin and the consistent volatility that is standard with cryptocurrencies. Moore says that software Aliant Payments is one of the several firms that address the use of crypto as regular cash. “Guys, it’s simple. It locks in the price at the time of sale. There’s no volatility at all for the business. So this argument of Bitcoin or Litecoin isn’t good for payments because it’s too volatile or it’s not stable – well, they’re a great candidate to use Aliant’s crypto gateway because they don’t want to keep the Bitcoin or Litecoin. They want a stable price.” “Aliant Payments is the one that partnered up with the Litecoin Foundation with the Miami Dolphins deal, bringing Litecoin as the official cryptocurrency of the Miami Dolphins.” With the new partnership between the NFL team and the cryptocurrency, sports fans will be able to use Litecoin to buy tickets for events. “What they’ve developed is huge. This cuts out the need for Libra coin, for stablecoins. You can hold your own private keys, a decentralized coin, and spend it when you want to spend it on stuff.”
American entrepreneur and vocal crypto advocate John McAfee has doubled down on his $1 million by 2020 prediction for Bitcoin
As we reported during the weekend, the market has come under fire. Virtually all cryptocurrencies have been recording losses for more than 48 hours. While some analysts remain optimistic and state that this is merely a correction that will see the market come back stronger, for some investors, panic is setting in. For Ethereum investors, […] The post Ethereum Price Heads Below $200 As Weekend Losses Extend To New Week appeared first on ZyCrypto.
The platform adds Binance Coin to its portfolio The post CoinKit: tipping with Binance Coin (BNB) on Slack, Telegram and Twitter appeared first on The Cryptonomist.
cryptodaily.co.uk: Christien New Leads “NewX Energy” To Tokenize Electricity Plants Into Multi-Service Providers
SINGAPORE / July 15th, 2019 / NewX Energy, a newly-formed blockchain venture, aims to create a tokenized economy that transforms traditional electricity plants into a multi-service provider that can support smart homes, as well as provide financial and other services to smart cities. The venture is led by Christien New who is chairman of Bintan Power Plant in Southeast Asia. NewX Energy plans to offer services ranging from banking and shopping, as well as build a smart city ecosystem. For example, the venture will create a loyalty program for its energy customers that will integrate with online shopping, payments, and other services via USDN and NXE tokens. NewX Energy will also introduce credit and debit card, as well as financial services in remote, unbanked regions. "The founding team's vision is to deliver exceptional value and improve user experiences in the energy sector and beyond," says Christien New, founder, chairman and CEO of NewX Energy. "Blockchain and tokenization can improve efficiencies in power generation and smart city ecosystem." Electricity Problems in Indonesia and Emerging Markets Indonesia has one of the lowest electrification ratios in Southeast Asia with one in four residents (25%) having no access to power. Electricity is lacking due to significant demand, as well as market inefficiencies. The latter has led to higher electricity rates. Market inefficiencies include strict government control, and lack of access to finding as well as lack of transparency. Blockchain and tokenization can create efficiencies and improve user experience in the local market and beyond. In the energy market, blockchain can provide third-party liquidity; decrease costs due to smart contracts and elimination of middlemen; enhance security; and improve transparency. Leveraging Blockchain, USDN and NXE Tokens NewX Energy plans to remove barriers to public investment in power generation, as well as change how energy is developed, distributed, and financed. Moreover, to develop basic services in unbanked regions, the venture will introduce a dual-token model consisting of a loyalty token called USDN, as well as utility token called NXE. USDN token is pegged 1:1 to the U.S. dollar NXE is a utility token for the NewX Energy ecosystem. NXE will power one or many virtual mining machines of users. With USDN, a user can earn tokens for purchase of good and services; earn electricity discounts and shopping vouchers; and stake for rewards including NXE and Bitcoin. NXE investors can hold the tokens long term to earn additional NXE or mined coins. NXEs are also used to power blockchain nodes and create network consensus on transactions. NewX Energy's dual-token model is used to create stability within the ecosystem (local economy). And a reward-based coin is used to secure and govern the network. Christien New is planning to launch an energy investment fund in Singapore, U.S., Russia, and Middle East. About NewX Energy is led by Christien New who serves as founder, chairman, and CEO. He is also chairman of Bintan Power Plant in Indonesia. Christien holds two masters degrees in international business and finance. He possesses experience in government-to-government projects, and initial public offerings (IPO). Kenneth Lee is chief technology officer of NewX Energy. He is also founder and CEO of Four Directions, a well-known technology company in Hong Kong. Mr. Lee has extensive I.T. experience, and provides ideas on blockchain, as well as technical guidance for various companies. He is president of Hong Kong E-Sports Association, and serves as executive director of Hong Kong Internet Industry Association (iProA). Novy Kottalewala is chief operating officer. He was involved in several projects in Australia such as organics and health food products with Prema Group Ltd as Asia and Paciﬁc business development manager. Later he moved to Indonesia where he worked for multinational and local insurance companies. His last position was associate director. Currently, he holds director positions at several investment companies in Singapore. For updates, visit NewX Energy on these channels:
Yesterday, July 14, Prime-day 2019 started at the largest online store in the world (Amazon), although officially it was supposed to start only on Monday, July 15th. This means that prices for some popular products will be reduced. The list of positions that participate in this promotion is already quite wide and it will be replenished. Here are some popular products that are available at special prices: Amazon Kindle Paperwhite 32 GB costs $109.99 instead of $159.99. This is a rather popular e-book that differs by water resistance, a large internal memory (especially for audiobook lovers), and a high-resolution display. The ebook Amazon Kindle costs $59.99 instead of $89.99. Smart Amazon Echo costs $49.99 instead of $64.99. The smart Amazon Echo Plus costs $109.99 instead of $149.99. A smart Amazon Echo Dot costs $22.99 instead of $49.99. The smart display Amazon Echo Show costs $159.99 instead of $229.99. This is a good chance for everyone to buy useful and popular gadgets at discount prices. We want to remind: Get Ready: Amazon’s Prime Day Will Last 48 Hours