Blockchain
Innovation Changing the Landscape of Healthcare Patient and
Data Protective Services
Palm Beach, FL
-- January 23, 2018 --
InvestorsHub NewsWire -- The medical industry is
poised to be the next major field disrupted by the emergence
of blockchain
technologies,
with a recent study by IBM illustrating that more than half of
healthcare executives intend to implement blockchain
technologies into
their organizations by 2020. The capacity of a distributed
ledger technology for ensuring data integrity while sharing between
parties can ensure collaboration between rising trends in
healthcare, which are vital to the improvement of health in
communities worldwide. The benefits to this strategy
are endless as security and confidentiality of patient records and
financial data are paramount in the medical industry. Early
adapters who are adapting and choosing to implement the
technologies now will be ahead of the curve, as experts believe
it's only a matter of time before blockchain
technology in the
medical industry is virtually a standard.. Active stocks in the industry
with market performance and recent developments include Medical
Innovation Holdings, Inc. (OTC:
MIHI), Xtant Medical Holdings, Inc.
Net Element Inc.
(NASDAQ:
NETE), Hive Blockchain
Technologies Ltd.
(OTC:
HVBTF) (TSX:
HIVE.V), Eastman Kodak Company
(NYSE:
KODK), Pareteum Corporation (NYSE:
TEUM).
Medical Innovation Holdings, Inc. (OTC:
MIHI) today announces that its
future development efforts will include blockchain
technology. The
Company understands today's methods of protecting patient medical
and financial data that is continually threatened by "digital
assassins" dedicated to finding weaknesses in systems for the
purpose of stealing sensitive data and/or holding companies'
hostage for return of data. This environment cannot continue to
exist. MIHI sees blockchain, an immutable ledger of
information that can be permissioned,
shared and trusted, as a key part of the answer to solve these
critical weaknesses.
The Company
recently announced its endeavor into the Health Care Sharing
Organizations (HCSO) marketplace and has determined the systems
necessary to best capitalize and manage this marketplace will
be blockchain
centric. The
Company expects other faith-based and ethics-based sharing
organizations to incorporate the MIHI Blockchain
Platform where
appropriate security and exchange of data is a requisite to ensure
patients, providers and payers are all able to benefit from this
technology platform. This will make for a more efficient movement
of secure data, resulting in lower transactional costs of moving
data across a world-wide network. MIHI plans to release an initial
version to support its own operations and then later
migrate
the application
to allow third-party sharing organizations to utilize the platform
under a transaction fee arrangement. Read this and
more news for MIHI at http://www.marketnewsupdates.com/news/mihi.html
As information
moves to patient portals that allow universal access to data across
disparate medical systems in hospitals, physician offices,
insurance companies, and employers, blockchain
technology will
enable the patient to finally be at the center of their care model
and thereby providing them with the best system to provide
protection and create trust between elements of their care
continuum. This trust extends beyond borders and will eventually
allow the company to accept foreign payments for telemedicine
services across the world.
Arturo "Jake"
Sanchez, MIHI CEO, stated, "We are at a beginning of a
technological trend that will revolutionize how we use and share
medical and financial information. For example, today's method of
having patients fill out medical history forms will become outdated
as patients will be able to electronically share their own virtual
records and interface them to disparate medical record keeping
systems. Everyone in the chain will have instant, controlled access
to any changes in the data distributed across all members of the
chain that can include other medical practitioners, insurance
providers, CMS, drug manufacturers and other parties."
"Committing MIHI
to blockchain
development will
insure that the medical data we move across the health care
ecosystem can be trusted, secure and immutable and that our
automated workflows will be a tremendous differentiator in a
crowded market," concluded Mr. Sanchez.
In other Blockchain market activity of
note from trading on yesterday:
Net Element Inc. (NASDAQ:
NETE) closed up slightly on Monday at $8.51 and was also up
slightly in afterhours trading. Net Element's blockchain-focused business is a
decentralized crypto-based ecosystem that will act as a framework
for value-added services ("VAS") that can connect merchants and
consumers directly utilizing blockchain
technology while
increasing the speed and efficiency of transactions made through
the Company's processing, settlement and services
ecosystem.
Hive Blockchain
Technologies Ltd. (OTC:
HVBTF) (TSX-V:
HIVE.V) recently announced the completion of the first phase
("Sweden Phase 1") of a multi-phase build-out of a large-scale
GPU-based mining complex in Sweden. HIVE's Sweden Phase 1 operation
commenced mining Ethereum on January 15, 2018 and
increases the Company's energy consumption dedicated to
cryptocurrency
mining by over
175% to 10.6MW. HIVE is fully financed to add an additional 13.6MW
of GPU mining capacity in Sweden by April 2018 and a further 20.0MW
of ASIC mining capacity, facilities capable of mining
Bitcoin
and
Bitcoin
Cash, by
September 2018 .
Eastman Kodak Company (NYSE:
KODK) closed Monday up over 15% at $11.55 trading over 15.1
million shares by the market close. The company and WENN Digital
Inc. recently announced the launch of the KODAKOne image rights management
platform and KODAKCoin, a photo-centric
cryptocurrency
to empower
photographers and agencies to take greater control in image rights
management. Utilizing blockchain
technology,
the KODAKOne platform will create an
encrypted, digital ledger of rights ownership for photographers to
register both new and archive work that they can then license
within the
platform. With KODAKCoin, participating photographers
are invited to take part in a new economy for photography, receive
payment for licensing their work immediately upon sale, and for
both professional and amateur photographers, sell their work
confidently on a secure blockchain
platform.
Pareteum Corporation
(NYSE:
TEUM) announced on Monday that it has expanded its relationship
with AirFox by adding AirFox's Blockchain
and
AirToken
(AIR) platform to
the Pareteum Global Cloud Service
Platform. As Pareteum continues to expand into the
global and emerging markets, the companies previously partnered to
provide subscriber connection subsidies, for Pareteum's
MVNO customers,
and their retail customers, via paid advertising by Google and
other advertising management platforms. The addition of
AirFox's
microloan
application, backed by its AirToken (AIR), provides MVNOs (Mobile
Virtual Network Enablers), and, Smart City companies their own peer
to peer direct non-cash settlement services. It is these
Blockchain
secured and
crypto paid services that will serve the needs of local citizens,
many of whom are underbanked,
with a micro lending opportunity that is expected to have
demonstrable ecosystem impact, and facilitate seamless, non-cash
payments, all through their mobile services..
DISCLAIMER:
MarketNewsUpdates.com (MNU) is a
third party publisher and news dissemination service provider,
which disseminates electronic information through multiple online
media channels. MNU is NOT affiliated in any
manner with any company mentioned herein. MNU and its affiliated
companies are a news dissemination
solutions provider and are NOT a registered
broker/dealer/analyst/adviser, holds no investment licenses and may
NOT sell, offer to sell or offer to buy any
security. MNU's market updates, news
alerts and corporate profiles are NOT a solicitation or
recommendation to buy, sell or hold securities. The material in this release
is intended to be strictly informational and is NEVER to be
construed or interpreted as research material. All readers are strongly
urged to perform research and due diligence on their own and
consult a licensed financial professional before considering any
level of investing in stocks. All material included herein
is republished content and details which were previously
disseminated by the companies mentioned in this
release. MNU is not liable for any
investment decisions by its readers or
subscribers. Investors are cautioned that
they may lose all or a portion of their investment when investing
in stocks. For current services
performed MNU has been compensated forty nine
hundred dollars
for news coverage of the current press releases
issued by
Medical
Innovation Holdings, Inc. by a non-affiliated third
party. MNU HOLDS NO SHARES OF ANY
COMPANY NAMED IN THIS RELEASE.
This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may", "future", "plan" or "planned", "will" or "should",
"expected," "anticipates", "draft", "eventually" or "projected".
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not
place undue reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and MNU
undertakes no obligation to update such statements.
Contact
Information:
Media Contact
email: info@marketnewsupdates.com - +1(561)325-8757