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The Role Of Interoperability In Decentralized Finance (DeFi)

Decentralized finance (DeFi) is one of the most popular sectors in the blockchain industry in 2019. It’s no surprise considering the financial sector spent $552 million on blockchain technology, with blockchain solutions to grow 75% through to 2022. Although the DeFi community is growing with emerging services like decentralized loans, prediction markets, and exchanges, these blockchain networks currently operate in isolation. With an increasingly high number of players entering the burgeoning blockchain industry, it is concerning that blockchain networks are unable to communicate with one another.  Interoperability and cross-chain communication in DeFi is one of the hardest challenges when it...

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Can Blockchain Fix America’s Healthcare Problem?

Most people will probably under the assumption that healthcare and blockchain aren’t connected. Of course, this is understandable as blockchain is typically seen as something for the financial space to reap benefit of rather than doctors and nurses.  But blockchain tech might actually be healthcare’s X factor when it comes to America.  As of now, some candidates from across the nation are looking to run for the US Presidential position and are preparing to debate ‘Medicare-for-All’. This is a plan that was brought up by Bernie Sander in 2017. According to Forbes, this idea would raise taxes for million already...

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A New Age Of Privacy Begins With The Blockchain: Health Records In Focus

No shortage of sectors can benefit from the power of blockchain with its immutability, transparency, and decentralization. However, when it comes to data, its potential shines brighter. Blockchain technology has the power to revolutionize how we view and control data, something incredibly important in today's digital world. We are genuinely concerned about how social media access and uses our data, but have not thought enough about the concerns around medical data.  Patient data is arguably one of the most private and personal information we share. What is most concerning though is that when it is shared on electronic health records...

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Blockchain Technology Pros & Cons

We constantly read about blockchain technology either as a savior, or as a curse. There are a wealth of pros and cons to consider when it comes to the blockchain, as with any new technologies. This isn’t a bad thing. It’s beneficial to highlight drawbacks to that innovation can take over. Yes, blockchain does boast some bad factors, thankfully though, the main advantage of the blockchain, it’s versatility, means that the technology can be adapted to overcome these drawbacks in the future. Decentralisation. The big one. This on paper is great, a technology that does not require a private company...

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Canadian Blockchain Firm Making Waves Into South Korea

The blockchain tech firm, Graph Blockchain Inc. has just started a new partnership deal with the Ministry of Transportation in South Korea. This is all to help the blockchain firm create a distributed ledger technology that would enable Seoul to store traffic data as part of its Smart City project.  Midnight City According to a press release from GlobeNewswire, the Canadian based blockchain firm has secured a contract with the Ministry of Transportation in South Korea through its in-country partner. The contract is worth just over $50,000 Canadian dollars and is aimed at launching a blockchain pilot for the storage...

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