Amazon , google , Comcast becoming healthcare and telemedicine companies ?
You can’t go a day without hearing about some new potentially disruptive Telehealth, telemedicine, and healthcare transformation product and solution. Amazon wants to create the amazon prime of healthcare. Google has talked about it. Comcast mentions telemedicine and the elderly stay at home care at healthcare conferences. Marketing hype or the future of healthcare? What can hospitals and health organizations do to not be disrupted ?
One thing that is left out of all these “global” conversations is security and privacy. We already know IOT devices and medical devices have lax security at times. And even with HIPAA and other regulations, hospitals have ransom attacks and data leaks.
And who exactly would trust Amazon or Google or Comcast with their healthcare data privacy worries ?
These are companies who thrive off of collecting all the data for AI and advertising. It’s all the data , all the time about people and their customers. Why would anybody believe what Comcast or Google or Amazon say when it comes to “we won’t do that with the data.”
The market for VR/AR devices , Apple smart watches , smart home security devices like Ring and Nest is thriving. And Ring and Nest what to track and watch everything you do and share that data, audio and video with the police and government and nextdoor apps. Oh and Ring is Amazon and Nest is Google if you’d didn’t know.
Yes these devices can help with better health checks, better home automaton and security. But at what cost ? It’s 1984 without the need for 1984. Hand everything over for a free camera. So when looking at the telemedicine and the elderly stay at home telehealth sensors and devices collecting and transmitting your health and body information and daily activities, when is too much , too much ?
What happens when someone wishes to just keep their private stuff , well, Private.
It’s the excuse of “I don’t have anything to hide.” Except, at least in the US, everybody is addicted to pain meds and opioids and viagra and who knows what else. Insurance companies love knowing about your substance abuse and daily routines. Others might love knowing when your home is unoccupied during particular times of the day.
It’s all good until it isn’t.
And why is it big pharmaceutical companies and others are allowed to hide the transparent nature of their shady activities, but normal people should share everything for free. Hand me a free watch.
Any highly personal data stored or transmitted by any device, opens it to being accessed by third-party users or hackers. Or nation state organizations.
It’s already happening.
Which is why Even more security risks associated with telemedicine raise several ethical implications. If a doctor-patient relationship and sensitive data cannot and won’t be protected, will this practice ever obtain widespread support from individuals or hospitals and federal organizations?
Many hospitals have been slow to adopt telemedicine and telehealth because of these data security concerns. So how can hospitals not be disrupted by Amazon or Google or Comcast or some telehealth startup?
The answer lies in those companies histories and lies. Amazon wants to get into healthcare, but cuts healthcare for many part time employees. The great Jeff Bezos Con game to the extreme. Others are not really tech companies but they aren’t a real estate firm or a taxi company or a hospital ….
you name it in any industry and some shady well funded founder usually comes up with what they are not excuse for why they were just poor human beings out for themselves. You really Trust them with your health and private data ?
So hospitals wanting to jump into telemedicine and telehealth should go straight after the Jeff Bezos and other startup founder lies.
Use blockchain. Use encryption.
Don’t make it a data play. Make it a better health and hospital community play. Using cardano or hyperledger or ethereum or whatever blockchain to enable secure, immutable , More transparent and pseudo anonymous transactions across various permissionEd networks to allow a mutually agreed upon interaction between different organizations in a pseudo decentralized way.
In healthcare, this can help facilitate a more efficient way to transfer encrypted data effectively and communicate across different groups and organizations. Even offer payment options for the uninsured and unbanked.
Blockchain also allows medical records to be stored in a more secure distributed and pseudo decentralized system, This hybrid blockchain and big data platform can contain encrypted big data and thus enabling providers the capability of storing a complete encrypted patient history with authorization and access control limitations And not a system where data leakage and data hacks happen frequently. Or allow inside jobs that destroy reputations.
Blockchain for telemedicine will help establish a seamless exchange of encrypted data and better patient confidence and faith in healthcare. The data entered must be verified and approved by the patient and doctor, as well as verified against a previous blockchain ledger.
Both the patient and doctor can secure a personal copy of the ledger, rather than a single party having control over the data. This method ensures multiple checks are in place for protecting sensitive data, reducing some of telemedicine’s and Medical device security challenges.
Because of HiPAA and other strict regulations, providing HIPAA compliant telehealth and telemedicine products and services for patients is currently both expensive and complicated. A work in progress as they say. But we know how amazon and google treat ring and nest. Privacy. Security. Regulations. What’s that ?
Telemedicine will help older patients stay healthier and safe at home. It’ll provide access to world renowned doctors from
Afar. One hospital already did a robotics arm surgery with a doctor thousands of miles away from the patient.
So it will lower healthcare costs, increase productivity, optimize efficiency and open new revenue streams. Secure Remote patient access to healthcare services when they most need it.
But If telemedicine is to become a widely accepted practice among patients and hospitals and doctors , the IOT and telemedicine security vulnerabilities need to be addressed through innovative risk management, thought provoking ideals and must include new technologies such as blockchain.
While there is no one security or risk compliance program that prevents hackers from accessing a network, there are many precautions hospitals can take to enhance their security.
Establishing a infosec center of excellence, forming a innovation lab to Test emerging tech , thoroughly doing end to end IT risk assessments, penetration testing and security compliance plans. This is necessary for managing sensitive data and maintaining transparency across all hospital organizations, large and small.
The infosec COE should identify the types of software in place, access and policy controls , and thoroughly evaluate existing processes to ensure the entire system is functioning and secured properly. Whats an ideal future start look like and how can you achieve this vision ?
Blockchain for telemedicine and innovative infosec COE and labs might make your healthcare organization cutting edge and a thought leader in The industry.
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Reddit Launches some loot tokens for reputation and rewards on ethereum.
2 new types of loot tokens have been created. It’s a token on the Ethereum blockchain that is earnable within a community rather than purchased. They signaled that their plan to pivot the company’s monetization strategy more towards crypto. Interesting tidbit. And This overall initiative is referred to as “Community Points” and builds on the early experiments from /r/Ethtrader donuts.
What are the two loot tokens called?
Reddit launched “Moons” ($MOONS)
for /r/Cryptocurrency and
“Bricks” ($BRICKS) for /r/ForniteBR
I wonder how they plan on getting away with “bricks” considering LEGO uses bricks and such and doesn’t really like when people use their lingo for business revenue.
The tokens are available on specific subreddits on the new Reddit theme and in the app.
Users will be able to access the tokens in their Reddit “vault” an in-app ERC20 wallet available on both iOS and Android.
Basically a crypto wallet in a sense.
Reddit will distribute these tokens initially based on Reddit Karma to represent compensation for the value that users have contributed to the community overtime.
Reddit itself will keep a portion of the tokens in each subreddit, and award a small portion to the community moderators for managing the subreddit.
On the launch day there will be an initial distribution of 50M tokens covering previous activity in the subreddit, and then the remaining tokens will be distributed month over month diminishing with each monthly distribution until it hits its cap of 250M tokens for each individual subreddit.
Reddit has indicated that the community will also have some ability to govern the model of distribution with in each independent subreddit.
What can you do with Reddit Loot ?
The Community Points Program issues a type of loot token on the Ethereum blockchain. So you can earn loot in the community as well as redeem it within the same community.
One major usage is using these tokens to tip other users. You can also buy badges and awards, take part in weighted polls, or buy a special membership to each particular subreddit (that gives you a colored user name, specialty loyalty badges, and the ability to embed gif replies in your comments.)
Economics of the loot tokens
The economic model has three key points:
1) Number of tokens issued diminishes over time, and can only be earned from human effort.
2) All future human effort earns less tokens than all prior human effort. There is a hard cap of 250M tokens in a subreddit. There will never be more than 250M $MOON tokens.
3) Every time $MOON tokens are used to buy badges, memberships or for any other action on Reddit, they are burned. (destroyed !).
The price of an asset increases as supply lowers and demand increases
So the more active a community is and the more value it creates for its users, the less tokens will exist over time.
Tokens will have a lower supply, but, a greater demand.
Any other usages ?
Moons and Bricks are both ERC20 tokens on the Ethereum blockchain, you can do whatever you want with them.
In the Reddit app your wallet is a full Ethereum wallet that has a private key and recovery phrase. You are able to use that wallet anywhere you would normally use an Ethereum wallet by exporting it.
This means that once you claim your tokens you own them and no one else has access to them. Not even Reddit.
While these tokens started their journey with Reddit, they ultimately represent value created within a specific interest group, and could start to proliferate across other mediums.
If you want to list your tokens on exchanges to sell, you can do that too.
While Reddit is very likely to continue exploring new features to redeem these tokens for, the tokens are fully decentralized and can be used by anyone in anyway.
Interesting stuff and use case.
- Zcash Foundation plans to bring its privacy features to the Cosmos ecosystem.
- The project will utilize “pegzones” to add an anonymity layer to cross-chain transactions.
- This will allow shielding assets, transfers and staking across blockchains.
- It will be possible to move Zcash from one blockchain to the other.
Blockchain being used for music and streaming and payments . Grammy-nominated singer Akon will launch his forthcoming token using Stellar’s blockchain.
According to an update , the Akoin cryptocurrency ecosystem will use Stellar’s network as its basis. Akoin co-founder and president Jon Karas said the decision was made in part due to the shared values between his project and Stellar.
“ Akoin selected Stellar’s distributed, hybrid blockchain due to a shared vision for creating global financial inclusion, particularly in areas such as Africa.”
The update claims Akoin will be compatible with Stellar wallets and interoperable with all digital assets and currencies currently supported by the Stellar network. Karas highlighted the Stellar Network’s “efficient cross-asset transfers of value” as a benefit for Akoin and said users will be able to instantly swap from one currency to another.
In addition, users will be able to exchange mobile phone minutes, which have become a popular means for exchange in certain parts of Africa, for Akoin and other currencies on Stellar’s network.
According to a spokesperson for the project, Akoin will not be a stablecoin and instead have a fluctuating price. He said,
“ Akoin is not a stablecoin, but we will provide access to other leading stablecoin offerings within our eco-system.”