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blockchain in healthcare

Blockchain in Healthcare

The technological disruption changes our lives drastically and we don’t even manage to notice how we face the necessity of tech solutions in each and every aspect of our life. We seek better customer care, we look for the most qualified doctors, the fastest medical support, and of course, we all need that at the very moment, immediately. The healthcare system has gone through a long journey to become what it is now and through the time we have advanced in almost everything, disruptive innovations for operations, the development of biomedics, genomics, which transfer the reality that we have today, the transformation of the pharma industry and much more, so why do we need that? To put it in one word: to save more lives, to defeat the horror diseases, to create better conditions for people all over the globe and yes, technology has its say here.

It is difficult to find a concise definition of Digital Health. Its scope is very wide. There are a number of definitions that may describe the e-health concept outlining the whole complexity. Simply saying, Digital Health refers to the information and processes, and technologies and systems that enable a person to make informed choices about their own health, take action to improve it, and monitor their progress to realize what works for them and what doesn’t. By contributing their own biological and behavioral data to the health system, people can give permission to carefully selected organizations and people in the system to anticipate and respond to their health and care needs, help good things happen, and, where possible, prevent bad things from happening.

Digital healthcare trends are largely driven by the need for better patient care, faster and more accurate analysis, and on-demand access to medical data. The pace of innovation in digital healthcare began gaining momentum with artificial intelligence (AI), and it is set to further accelerate as the industry turns to blockchain technology.

Global blockchain technology complements healthcare artificial intelligence (AI) and internet of things (IoT) — based marketplace offerings and is expected to cross $500 million by 2022 at a compound annual growth rate (CARG) of 61.4 percent, according to a recent Frost & Sullivan report.

What is wrong about the digital health system? Do we need some “blockchain magic powder”? Let us dive into the industry challenges to find out where the blockchain applications can be of use.

Patient data management

Currently, the HIE (health electronic exchange) serves as the intermediary that facilitates the peer-to-peer exchange of electronic health records (EHR) among member participants. The system also acts as a ledger that tracks what data was exchanged. However, the model has little incentive to offer except the fact that it’s a state-designated body. With blockchain, members or healthcare industry participants have the opportunity to benefit from a distributed ledger to securely access and exchange electronic healthcare information without having to deal with a rather complex system of brokered trust. Another major problem is concerned with the master-patient index (MPI). It involves linking the health records and transactions of patients with their varied “identities” as they interact with various healthcare providers and other entities. The challenge is only becoming more complex and expensive with every passing day. This is also why patient data integrity remains a key concern, as it may become subject to risks such as data selling, data leakage, and fraudulent mismanagement.

To alleviate these limitations and risks, a blockchain-based approach could leverage cryptography to validate patient identity and strengthen data probity, too. Blockchain records can be shared among licensed participants who can add to — but not delete or alter — the transaction logs. The blockchain ensures all the transactions are encrypted and must be verified by the network. It also allows for introducing standardization in building an MPI-like list. For example, instead of allowing multiple ways to input data, the blockchain makes it certain that every participant enters/adds data in a specified way. Blockchain would thus provide much stronger data security and integrity of records and a highly standardized method to maintain data.

Use cases to check

BurstIQ — The company uses blockchain to improve the way medical data is shared and used

Factom — Factom employs blockchain technology to securely store digital health records

MedicalChain — Medicalchain’s blockchain-based platform maintains a record of the origin and protects the patient identity

Cost efficiency

Unlike the existing central system that fails to see significant volumes of transactions, thereby staying expensive, the use of blockchain would enable an evident reduction in overhead costs, giving participating groups greater incentive for a sustainable business case. Moreover, with near-real-time processing of requests, a platform underpinned by blockchain would facilitate much faster, more secure, and more efficient transitions/exchanges of health records between related parties.

The application of smart contracts in digital health projects will create a new level for the no-intermediary system. The healthcare system today is fraught with excess overhead costs, bureaucracy, and third-party intermediaries — all of which add to cost and complexity. The existing centralized system used to facilitate interoperability and transactions among participants also suffers from inconsistent rules and permissions, which makes it difficult for the member health organization to access the right patient data at the right time. Blockchain enables increased trust among participating parties. By making available smart contracts, the technology helps members to solely rely on contracts that are automatically enforced when certain security conditions are met.

Moreover, by empowering member health organizations to buy, sell and transfer value (e.g., medical claims data, cryptocurrency payments, intellectual property, etc.) without an intermediary or third-party companies, blockchain would facilitate much-needed transparency between pharmacies, insurers, health payers, hospitals, physicians health plans and the overall healthcare ecosystem in general.

Use cases to check

SimplyVital Health — SimplyVital uses blockchain to create an open-source database so healthcare providers can access patient information and coordinate care

Robomed — combines AI and blockchain to offer patients a single point of care. The company deploys chatbots, wearable diagnostic tools, and telemedicine sessions to gather patient information and share it with the patient’s medical team

Patientory — Patientory’s end-to-end encryption ensures that patient data is shared safely and efficiently. Patientory helps the healthcare industry to move more quickly by housing all patient information under one roof.

Pharmacy — stopping drug counterfeit

Blockchains can provide a reliable method for tracking pharmaceuticals through the entire manufacturing and distribution process, thus cutting down on the widespread problem of drug counterfeiting. In conjunction with IoT devices used to measure factors such as temperature, blockchain technology could also be used to verify proper storage and shipping conditions or to authenticate drug quality. However, since each participant of the supply chain i.e. the manufacturer, the logistics company, the stores, and the pharmacies, etc, maintain their own separate ledger, a problem within any particular segment of the supply chain is difficult to track. Blockchain technology provides the pharmaceutical supply chain a better way to add compliance and governance within the supply chain.

Due to its inherent transparency, immutability, and distributed nature, Blockchain technology provides a mechanism that allows any participant in the supply chain to ensure that the supply chain logistics and transportation guidelines (including handling and storage conditions of the drugs), were adhered to.

Additionally, smart contracts can be programmed that automatically execute when compliance conditions are not met, thereby alerting the relevant parties in the supply chain.

Use cases to check

FarmaTrust — FarmaTrust provides future-proof blockchain and AI-based provenance systems for the pharmaceutical and healthcare sector

Chronicled — The networks help pharma companies make sure their medicines arrive efficiently, and they enable law enforcement to review any suspicious activity — like drug trafficking

Blockpharma — By scanning the supply chain and verifying all points of shipment, the company’s app lets patients know if they are taking falsified medicines With the help of a blockchain-based SCM system, Blockpharma weeds out the 15% of all medicines in the world that are fake.

Insurance fraud protection

Blockchain could also be used to combat medical insurance fraud, a problem that is estimated to cost the American healthcare system around $68 billion each year. Immutable records stored on blockchains and shared with an insurance provider can prevent some of the most common types of fraud, including billing for procedures that never took place and charging for unnecessary services.

Clinical Trials recruiting

Since the passage of the Prescription Drug User Fee Act in 1992 (which allowed the FDA to receive funding from pharmaceutical companies), the FDA has collected $7.67 billion in user fees from pharmaceutical manufacturers. This trend of annual funding to the FDA from drug manufacturers is expected to continue to increase.

Patients and physicians have begun to question the current standards for Clinical Trial funding, leading to growing concerns due to the conflict of interest and the high stakes involved.

With this, we can also discuss how blockchain can improve the quality and effectiveness of clinical trials. Medical data on blockchains could be used by trial recruiters to identify patients who could benefit from the drugs being tested. Such a recruitment system could greatly improve clinical trial enrollment, as many patients are never made aware of relevant drug trials and therefore are never given an opportunity to participate in them. While trials are conducted, blockchains can be used to ensure the integrity of the data being collected.

Use cases to check

Exochain — this pharma startup manages secure storage of patient health information on the blockchain. Exochain allows individuals to control how clinical trial researchers may interact with their medical data

The transformation we haven’t noticed. What to expect?

There is no doubt in stating that blockchain represents and promises a revolutionary future of healthcare and medicine. Moreover, we can clearly see the ties that the representatives of future tech have together: the combined applications of blockchain, AI, and IoT will bring the development of digital health to the next level.

With all these positive aspects, there are still some limitations that do not allow the industry to scale. Let us name some of them.

  • Do the projects really comply with existing regulations?

The startups and companies who are trying to excel in their new product development process meet the biggest challenge of compliance in terms of data regulation, standards, and requirements that each and every country and region has. There are a number of projects implemented by EU countries

  • Blockchain is costly, guys!

On the provider end, blockchain solutions are likely to involve a high initial investment, a fact that certainly prevents wider adoption. In addition, distributed systems tend to be significantly slower than centralized ones in terms of transactions per second. A big blockchain network, with numerous nodes, would probably need more time to transmit and synchronize data when compared to centralized systems. This is especially concerning for huge databases that would eventually need to store and track information of millions of patients. The problem would be even worse for large-sized image files, such as computed tomography or MRI scans.

References

https://builtin.com/blockchain/blockchain-healthcare-applications-companies

https://www.forbes.com/sites/forbestechcouncil/2019/06/18/blockchain-in-healthcare-how-it-could-make-digital-healthcare-safer-and-more-innovative/#6e871a43e5a1

https://www.binance.vision/blockchain/blockchain-use-cases-healthcare

armenia as next R&D hub

Why Armenia is becoming a Global Blockchain hub?

Potential investors in the tech industry should take a closer look at Armenia. The country has a flourishing tech sector and has been making some noise because of its enormous expertise in the IT sector. This development has attracted a new wave of potential investors. Therefore, it is no surprise that the World Congress on Information Technology is taking place in Armenia.

Blockchain R&D Hub Armenia

Through its reputation as an innovation hub, the country earned the nickname “Silicon Valley of the ex-Soviet Union”. Actually, the country has a long history of technology. Before 1990, 40 percent of mainframe computers were produced for the Soviet military.

Apart from that, the country convinces many investors with its geographical condition. Armenia has many well educated and highly skilled workers. The capital Yerevan even has a secret building in which computer research is conducted. Despite the collapse of the Soviet Union, Armenia has managed very well to focus on its competitive advantage regarding software development, IT and more.

The IT sector is making up a big part of the nation’s economy, more than 7% of its GDP. Those numbers are not bad when considering the fact that the small country has only 3 million people of which 18,000 of them are working in the tech sector. Currently, over 7,000 students are enrolled in higher education institutions to study advanced technologies.

Thus, it is no surprise that the global network for R&D is using Armenia’s talents to create a global source for blockchain facilitation.

In fact, the prime minister of Armenia claimed that the future of the country is in technology. He also said that it is necessary to determine how science, education and the country can benefit from each other to foster growth and increase In fact, the government intends to finance projects that advance and accelerate Armenia’s economic development.

Since the country has a need to transform traditional approaches, reshape business and reduce levels of corruption, it can be concluded that Armenia has the best requirements to adopt blockchain technology.

The important role of the Nooor Blockchain Armenia

The mission of the Nooor Blockchain Armenia is to develop and promote blockchain technology in Armenia. Further, the organization partners with more than 40 countries and is accelerating the development and integration of blockchain-based projects. Thus, Nooor will promote Armenia to become a global hub and center of blockchain expertise.

According to Viktoria Khechumyan, COO of the Nooor Blockchain Armenia, blockchain technology can improve government services and increase transparency. At the same time, blockchain technology has the potential to disrupt the healthcare industry.

People with an interest in building tech and blockchain-based startups are welcome to become a member of the Nooor blockchain community. The organization not only educates but also provides legal and strategic support to blockchain-powered companies or to those that intend to transform Armenia with blockchain technology.

Furthermore, Nooor can help interested people in the following ways:

  • Organizing community meetups: Educating blockchain enthusiasts by organizing meetups and events.
  • Educating and inspiring: Proving educational programs to students, executives, and managers.
  • Cooperating with governments: Liaising with the government and encouraging transparency to create business environments that foster growth.
  • Providing strategic support: Providing support to blockchain-powered companies, startups, and entrepreneurs.
  • Assisting companies in tokenization: Assisting companies in the process of tokenization and providing consulting for cryptocurrencies and smart contracts.
  • Fostering networks: Growing a strong network of experts, enthusiasts, and developers to share knowledge through training, special events, and conferences.

The organization has developed some tailored solutions to help users that have an interest in learning more about this new technology. Those are demonstrated as follows:

ChainPoint 19

This year Nooor Blockchain Armenia was hosting ChainPoint 19, which is an international blockchain conference and is held annually. The international conference proved that Armenia is becoming a global hub for blockchain expertise.

Moreover, the minister has always emphasized the importance of strengthening the Armenian tech ecosystem. A conference like ChainPoint 19 contributes significantly to the development of the national tech ecosystem.

At ChainPoint 19, investors were able to explore business opportunities of the regional tech ecosystem. The conference hosted 50 speakers and 500 attendees from 30 countries.

The key outcome

Armenia is fulfilling the requirements to become the next global blockchain hub. The government has explicitly stated that disruptions in technology are prerequisites to modernize infrastructure and improve quality of life. Nooor Blockchain Armenia has become the main engine in Armenia for developing and implementing blockchain technology in society. As a result, research is increased and more blockchain-based startups are emerging.

Sources

https://wcit2019.org/blog/armenia-tech-hub-and-investor-goldmine

https://www.loc.gov/law/help/cryptocurrency/world-survey.php

https://jam-news.net/armenian-pm-countrys-future-lies-in-high-tech-industry/

https://www.aitimejournal.com/interview-with-viktoria-khechumyan-coo-of-nooor-blockchain-armenia

http://www.unlock-bc.com/news/2018-11-22/armenia-to-become-a-hub-for-blockchain-expertise

Contributor: Justin Krakenbuerger

The founder of Zenoctus, Content Strategist, and Developer. You can connect with Justin by email.

Women in blockchain

Let me guess the first feeling you had when you weren’t even born yet. When the world was going through its usual circle, but without your existence in it.

At this moment you perceive this text diligently through the prism of your understandings, and your memory keeps alive all the moments that matter, all the emotions that are important and the moments that are dear to your heart. In the same instant, memories also keep the worst of your life episodes, the devastation and hardships.

But there are several years that your mind just blows away with time, where you were so tiny and new to the world- a world that had been waiting for you for too long. I’ll give you the moment of silence at my keyboard so you can try to remember. No? Nothing?…Exactly!

Our minds cleared away the most precious memory of our first ever feeling – tenderness.

Tenderness of the first voice that you have ever heard. The first touch that calmed you in a wild-wild world of misunderstandings. And there was a woman who was by your side all the time. Your mom. The one, with whom you were from the beginning. Who has a part in your soul, who was there even when the world was only yours and hers.

Tenderness – since the beginning.

So why can’t we claim that blockchain has its tenderness, or that during its creation, behind the technology was the one, who gave that tenderness not only to her child but also to humanity by inventing the technology of the century?

Everyone is so confident in the fact that Satoshi Nakamoto (the creator of blockchain)  is a man, or a group of men, therefore, automatically eliminating the possibility of a woman being the main figure behind the creation of this technology.

– Satoshi Nakamoto is a man!

– No, you dummy, it is a group of people!

– Oh, sure, ha-ha a woman? Keep yourself together!  They are just women and they have no place in technology like this.

-… Um, excuse me?  

Can you imagine for a second what would it be if a woman was behind the creation of blockchain technology?

  • She would have made it damn hard to understand ( probably, that’s why men are trying too hard to understand women, hence creating tons of books on: “How to understand a woman”,  ” What a girl wants?” and so on)
  • She would probably add some spice by creating a currency, so men can compete with each other on having most of it. Just like you asked your mom to buy you more toys when you already had enough.
  • Also, she would have made it fair and logical. YES, LOGICAL! Breaking the stereotypes at its finest.
  • And lastly, she would add some tenderness, by making you think that she is a Satoshi Nakamoto, a Man not a Woman, so your ego will give in by a tender grasp of a lady.

Well, let’s be adults for a second, ok? Do we actually care if it is a man or a woman? Is it THAT important?  Maybe we will never ever find out about the real identity of the creator. Maybe we will, maybe even today or a year after, who knows? What really matters is that we are living in the  21st century, where genders are starting to create and learn with the same rights and opportunities.

We shouldn’t have to emphasize that a woman achieved something in tech and be like “…she’s a woman and we will let her talk”.  NO! We need to perceive both women and men NOT by their gender, but for their ideas, skills, and experience.

We decided to trust math and logic instead of people in suits. Let’s trust in knowledge – not in gender.  

Tenderness was there from the beginning. Tenderness is in the knowledge, cause tenderness is power!

So embrace that power and stop labeling capacities of people in different spheres based on their gender, race, or nation.

Blockchain is leaving you weaponless, as you are dealing with the transparent network where the technology sees only the true potential and bright ideas shining within yourself.

By being the technology of the future, the peer to peer network already doesn’t care about your gender, as all the participants, creators and contributors are coming as peer nodes, hence, making your physical appearance invisible. Regardless if you are a man or woman, black or white, Asian or Armenian, blockchain technology perceives you as a peer node,  that can push things forward without centralizing on who you are and what you can “do”. Blockchain is here to make a difference!

That’s why I’m asking you to take a deep breath and focus on your memories. Try to find that very first feeling of tenderness. Eventually, you will discover the tremendous warmth, that will fill you up with enthusiasm and empathy.

Embrace the power. Embrace the tenderness.

noooring the winter

Noooring the season – Winter

The seasons replace one another- like the moon replaces the sun in the sky, and hours replace minutes within the day. Day by day, year by year – in spite of everything, the internal clocks of the Earth are ticking and moving as an imperceptible testimony of our existence.  

Snow is melting (ha-ha, we’ve had an amazing winter in Yerevan, haven’t we?), and the warm breath of spring has already been felt.  Hence, it is the right time to appreciate the winter and give the last credits to this amazing, cold-hearted lady, which left something for everyone in the winter of 2019, ‘cause – ♫♪ cold never bothered us anyway ♫ –  right?

Nooor has gained strategic partners around the world; partnering with even more Blockchain-oriented Associations and NGOs.

Moreover, we are going global; by showing our presence in different countries and showcasing ourselves on various platforms. Shaping the people’s opinion about Armenia, and making it more visible for foreigners.

We are able to see how many people actually understand Armenia with all of its benefits, as well as track how many people have Armenian roots, during our calls and meetups with representatives of different associations, consortiums, think-tanks, etc.

By creating a bridge between different associations and having reliable partner organizations around the globe, we are bringing international attention to the region, hence, lots of future collaborations and possibilities for new projects, new connections and an absolutely new level of improvement, not only for Armenia but also to the whole region in general.

Becoming a global blockchain hub – are not just words uttered into the air. It is a real representation of our activities outside, our willingness to help those who are seeking either our support or assistance Consequently, this winter was full of connections and opportunities, which made us much closer to the global blockchain hub- closer than we have ever been before.

Winter brings out the best of our ability to connect people with service providers, startups with ventures, and simply, people with people. The world starts with a connection, and we are a part of it.

Community matters the most- education is above everything. We are doing our best to find those, with the finest expertise, to enlighten our community. If we have this enormous tech potential, which is visible in the global market, how can we not take advantage of this amazing potential in blockchain?

First, we need to educate, then – wait for the results to come. The development seeks the knowledge- that’s an unbreakable axiom.

Nooor in numbers

Hours spent on calls – 32

Negotiations initiated – 64

Partnerships established – 47

Spring is already here. Let’s make the best out of this beautiful season, and use the spring awakening of our souls as a driving force to achieve all of our goals and plans!

Blockchain in Art

Blockchain in Art

Collecting art has been one of the world’s most expensive hobbies for ages. And the admiration for one person’s work by thousands or even millions was always the foundation of that activity.

With the spreading of computers and the Internet, the concept of rarity of collectible content had been seriously challenged. There’s no limit to how many eBooks can be issued, and songs and videos being copied and distributed according to the needs.

Any artist would confirm that there is a huge problem with plagiarized, screen-grabbed images on the Internet. Buyers have no willingness to pay for art when they can simply download them. Once the content is copied and distributed for free, the value drops and the prospect of a market for that product disappears. To create and retain value, these digital works of art need to be scarce.

It is all about ownership. People take delight in owning things together with privileges and responsibilities such ownerships bring. Thus, the problem of scarcity and ownership of art in the digital space needed to be solved. And Blockchain is here to help.

Blockchain effectively solves the fundamental issues that hurt the creators’ and collectors’ communities all the time – provenance of authenticity, provenance of ownership, copyright and hence valuation of the artwork.

Time-stamping evidence of ownership of a piece of art onto a trusted registry is the solution. Anyone can add information to this distributed database, but no one can delete an action once it’s committed, and no one owns the overall database. These timestamps can be used as evidence in court to resolve ownership disputes. Since the owner always has access to the tamper-proof blockchain showing the chain of custody and rights, there is no weak link in the chain. Using a blockchain as a trust-minimization scheme in this manner has already been used as evidence in a court of Law, as part of the infamous Silk Road trials. Artists sometimes take a USB stick of their work, mail it to themselves, and keep the envelope sealed, to prove that they had access to that file at that point in time. The blockchain accomplishes the same thing but in a much more convenient fashion.

Blockchain has big potential for trading art, the value of which can be represented as a token and which can be transferred to a new owner without moving the original piece of art from its place of storage. But the strongest use case for the technology is digital art.

Digital artwork can be issued in limited supplies, just like the way Bitcoin is programmed on the blockchain to have a limited supply and immutable records of ownership. And hence these artworks can be kept in digital art wallets and be traded and transferred to third parties like other crypto-assets. It is then the choice of an artist either to sell one certified copy of his artwork with the possibility to always prove the originality of it or to issue a limited series of certified prints.

And it happens so that artists are often the earliest adopters of emerging technology, whether it is the introduction of the printing press, or the invention of the camera. Wherever there is a new tool or technology, there are artists ready to experiment with it. And blockchain is no exception.

The crypocollectibles industry is booming today, with 40+ projects offering cryptographically unique digital assets for all types of tastes and pockets.

It is regarded by majority of entrepreneurs as an effective way to make cryptocurrencies mainstream. This results in art representatives getting additional revenue streams and exposure to new markets and clients․

Cryptoart is collected by the “cryptorich” – savvy technologists and investors who got into cryptocurrency early. The wealth redistribution is bringing to people with diverse interests actually having the money to fulfill them. And the artists that become financially independent as a result of that are freer in their thoughts and expressions.

Brief information on some of the most popular platforms:

Rare Pepe CardsThe massive movement towards crypto-collectibles was born from this project that launched in 2016. It was originally a cultural movement about a character called Pepe the Frog. There used to be a problem with provenance of ownership and with stealing of those memes. Once an artist paired an image of a meme with a digital asset running on the Bitcoin blockchain, thus creating the first Rare Pepe. Later, with an introduction of Rare Pepe Wallet, Pepes became provably rare, sellable artworks.

Anybody is able to submit Rare Pepe artwork to be traded on the platform. In order to filter out spam, the artwork is reviewed by the Rare Pepe Foundation upon submission, to make sure it meets their rules. A submission fee of 200 Pepecash  (the internal currency of the platform) has to be paid to the Foundation. Other than that, there are no fees on the platform. The artist decides the number of editions available for sale and the Pepe Card is ready to be sold.

Rare Pepe Cards pioneered the space with an introduction of gift cards that allows gifting artwork to people who do not own any cryptocurrency, and moving a digitally scarce artwork to a physical piece of hardware – Opendime USB stick.

There are Rare Pepe Cards that have been sold for almost 40,000 USD for a single piece. The overall market capitalization of Pepecash is more than 4 million USD.

 

CryptoPunksAnother interesting example that formed the market is this interesting platform. A gaming company Lavra Labs has designed 10,000 unique 24×24 pixel art images called CryptoPunks. The images are stored on the Ethereum blockchain and can all be viewed within a wallet. Initially, in June 2017, all they were offered basically for free. And then the new owners started trading them for many of them price reaching 10,000 USD, and the record sale was made for more than 14,000 USD for a single CryptoPunk.

A project that started as a free experiment without monetization model now has a market capitalization of 340,000 USD.

 

Crypto KittiesThe most influential project for the crypto-collectible space and the first with a commercial model in mind. A Vancouver based company called Axiom Zen launched one of the first games to be built on blockchain technology in the world in November 2017. Users can buy, sell, or trade a CryptoKitty like it was a traditional collectible, and the blockchain will track ownership securely. But, unlike traditional collectibles, one can breed two CryptoKitties to create a brand-new, genetically unique offspring.

And this is where the founders are making money. The most efficient collectibles to breed are the ones called Gen0 that are “born” in the system every 15 minutes. The total supply of these is limited to 50.000 CryptoKitties that has been reached in November 2018. All the revenue from the Gen0 kitties goes to the founders after which a 3.75% fee is applied to all transactions taking place on the platform.

The game broke all the expectations of the creators becoming popular worldwide within a week and people trading these crypto-collectibles for more than 100,000 USD, with the most expensive one going for 170,000 USD.

To the moment the total amount in USD for the CryptoKitties sold is more than 27 million USD. And the company raised 12 million USD funding in Series A in March 2018.

 

DADA.nycThe project got its start as a collaborative drawing application. The drawing tools are built into the application, and anyone can create and share artwork on the platform. They have created a large and vibrant community of self-taught artists and recently added the ability to purchase artwork by this community via the blockchain.

The artworks are presented in editions. 30% of the profit from the initial sales go to the platform. When an already sold edition is sold again, DADA takes 10% of that transaction as well, and so for every consecutive sale. The artist holds his share in every sale as well – 70% from the initial sale and 30% from the consecutive ones.

 

Curio CardsCurio Card’s mission is to create a platform for artists and collectors that benefits artists. The platform is decentralized and running without any fee. Any artist can submit their work to the community for free to be voted on. The process of voting is very interesting by itself. If a community member wants a certain piece of art to be selected, he has to vote by for it real cryptocurrency – Ether. These Ethers are not going to anyone’s pocket, they are instead sent to a non-existing crypto-wallet and lost forever, essentially – burned.

After the voting, for 3 winning crypto-artworks there are tokens issued on Ethereum blockchain. They are added to the gallery where they can be traded by the artists in set editions. For cards that are sold out, the total supply that will ever exist is then in the hands of individual owners. Those cards are no longer available from the Curio Cards site artists, and the only way to get them is to trade with people who currently own those cards. The project is doing well, with over a thousand cards sold and artists making on average $300 – $900.

 

Foreverrose. And finally, it is interesting to know that the most expensive crypto-artpiece of all times is “The Forever Rose” by Kevin Abosch. He decided to join the boom of blockchain technology with the creation of this piece, which is a unique rose registered with a smart contract from the Ethereum network. As announced, the unique rose – or the only token of the contract – was sold on February 14, 2018 – on Valentine’s Day, for $1 million. The whole revenue was donated to charity

Davos

Դավոս. Բլոկչեյն

Շատերը տեղյակ են Դավոսի Համաշխարհային տնտեսական համաժողովի մասին, որը տեղի ունեցավ սույն թվականի հունվարի 22-25-ը, սակայն ոչ բոլորը  կպատկերացնեն, որ գլոբալիզացիայի, տնտեսական զարգացման և մի շարք խնդրիներից զատ արդեն տարիներ շարունակ քննարկվում են կրիպտոարժույթների և բլոկչեյնի թեմաները։ Համառոտ ներկայացնենք համաժողովի ընթացքում վերջինիս վերաբերյալ փոխանակած մտքերը։

Առաջինը խոսվեց թվային աշխարհում ինքնության մասին, ըստ որի վավերացման տեխնոլոգիաների առաջընթացը, բիոմետրիկից մինչև բլոկչեյն, կարող է լինել մարդկանց և ապրանքների գլոբալ շարժման, ինչպես նաև հակակոռուպցիոն և աղքատության նվազեցմանը ուղղված միջոցառումների կանոնների փոփոխության նախադրյալ։ Այստեղ բլոկչեյնը կարևորվում է որպես տնտեսական զարգացմանը խոչընդոտող երևույթների նվազեցման և հաղթահարման միջոց։ Բլոկչեյնի շնորհիվ այսօր կառավարվում են մեր ամենօրյա կյանքում տեղի ունեցող տվյալները՝ խթանվում է ապացույցների վրա հիմնված քաղաքականության կատարելագործումը։

Մեկ այլ քննարկում վերաբերում էր ժամանակակից ստրկությանը վերջ տալուն, ինչի ընթացքում Hewlett Packard Enterprise-ի գործադիր տնօրեն և նախագահ Անտոնիո Ներին նշեց՝ ամենը սկսվում է թափանցիկությունից: Մենք օգտագործում ենք տվյալներ, օրինակ` քաղցկեղի բուժման միջոց գտնելու համար, փորձում ենք վերահսկել տրաֆիկինգը և այլն: Նրա կարծիքով բլոկչեյնը` դեմքի ճանաչման և արհեստական բանականության ալգորիթմների հետ համատեղ, կարող է օգնել ակտիվ գործողություններ ծրագրելուն՝ հանդիսանալով տվյալները կիսելու ապահով միջոց։ Նշանակում է` բլոկչեյնը կարող է մարտահրավեր նետել մերօրյա հանցագործությանն ու խաբեությանը՝ օգնելով մարդկանց ապրել առավել ապահով աշխարհում։

Այժմ անդրադառնանք կրիպտոարժույթներին։ Բիթքոինի գնահատումը 70%-ով պակասել է 2017 թվականի համեմատ, սակայն տեխնոլոգիական նորարարությունները այս ոլորտում շարունակում են արագ զարգանալ: Ինչպե՞ս պետք է կրիպտոն իրական տնտեսական արժեք ստանա: Ահա այսպիսի հարցադրում էր դրված քննարկվող թեմաներից մեկի ժամանակ, որի ընթացքում Հարվարդ համալսարանի տնտեսագիտության պրոֆեսոր Կենեթ Ռոգոֆը թերահավատորեն է մոտեցավ կրիպտոարժույթների` ավանդական արժույթի համեմատ առավելություն ձեռք բերելու վարկածին, չնայած դրանք անպետք չի համարում ։ Այդ քննարկման ընթացում նշվեց նաև կրիպտոարժույթների՝ ֆինանսական ոլոտրտում մեծ դեր գրավելու մասին։ Պրոֆեսոր Զու Նինգը վստահ է՝ կրիպտոն արժեքավոր է, և խրախուսում է ֆինանսական պորտֆելի դիվերսիֆիկացիան` թվային արժույթը ներառելու միջոցով: Իսկ բանախոսներից BitPesa-ի հիմնադիր Էլիզաբեթ Ռոսիելոն ասում է, որ չնայած կրիպտոարժույթների տարածվելուն,  «իրական» ֆիատ փողի կարիքը միշտ լինելու է աշխարհում։ Այսինքն` մարդկանց կանխատեսումները բազմաթիվ են կրիպտոյի վերաբերյալ և ոչ-ոք միանշանակ դեռ չգիտի նրանց ապագան։

Միևնույն ժամանակ համաժողովի մասնակիցները ողջունեցին Կոլումբիան, Իսրայելը և Արաբական Միացյալ Էմիրությունները` որպես Չորրորդ արդյունաբերական հեղափոխության կենտրոններ (Affiliated Centres for the Fourth Industrial Revolution): Վերջիններս անկախ կառույցներ են, որոնք աջակցում են զարգացող տեխնոլոգիաների ձևավորմանը, ինչպիսիք են արհեստական բանականությունը և բլոկչեյնը, այդ թվում` փորձարկելով օրենսդրական կարգավորման տարբեր մոտեցումներ։

Ամբողջացնելով բլոկչեյնի թեմայի շուրջ քննարկվածը՝ հարկ է նշել՝ տարեց տարի Դավոսի համաժողովում ավելանում և նոր ընթացք են ստանում այս տեսակի քննարկումները, որը մեկ անգամ ևս կանխագուշակում է խոստումնալից ապագան։

january

Noooring the month #vol.Jan

Behind every successful man, there is a strong woman. Behind closed curtains, there is always a bunch of effort and sleepless nights. Behind every president, there is a little child who believes in his dream. Behind any existing organization, there is a whole team, working, laughing, making the difference every single day, in hopes that by every tiny step forward, there is a change which is patiently waiting around the corner.

Nooor” Armenian Blockchain Association is an office full of bright ideas, serious meetings and fruitful discussions! And if you think that non-for-profit organizations don’t usually work that much, you’re hella wrong! Planning, strategies, calls, interviews, deadlines, and much- much more!

If you have ever wondered, how does everything work inside of Nooor, we are here to launch the  #noooringthemonth – a monthly overview, which will keep you updated on the latest news and accomplishments of ours, so you’ll become a silent witness of our incredible journey on becoming the next global blockchain hub!

If we are the face of the blockchain technology in the region we need to be as transparent as it is possible, so you will know the information not from the third party media, but from a third-party insider. Seems as it is the same now, but trust me, you will feel the difference 😀

Nooor is going global

If you have spent your January relaxed, with no stress, busy with planning the year that we have ahead, Nooor was working more than ever! No, not working more, but working wider!

  • Nooor had established good relations with several organizations, as well as service providers all around the globe!
  • Covered the world map in different directions; from Africa to South America, from Australia to Europe and much more!

If you are not that good at geography, you have a one in a million chance to learn geography with Nooor, we’ve got you covered, mate! *Stay tuned for more y’all! *

Nooor Connects

On the 28-29th of January, the “Nooor” Armenian Blockchain Association held meetings between the founder and CEO of the US-based TurboChains company – Ralph Liu, together with his tech team from China, and the Armenian representatives of the banking and IT Industries. The discussion began with a presentation of the TurboPay application and followed with possible future partnership talks.

Nooor in numbers

Hours spent on calls – 19.5

Negotiations initiated – 43

Signed MOUs with Blockchain Associations – 10

Well, with a January like this, it is almost impossible to imagine the workload that February will bring for us! Bearing in mind that this is the shortest month we have ahead, we are willing to achieve all of our goals, and from now on, we will keep you monthly updated!

Mother Armenia

Will blockchain become BlockchainYAN? Or blockchain with Armenian charm.

The world is spinning around incredibly fast. During the past twenty years, we have witnessed a period of innovations, new beginnings, and the creation of a totally different world; with new technologies without which it is almost impossible to imagine the 21st century. With giving human breath to the machines, and making them think like creatures with a beating heart. With the medicine that is trying to cure every existing disease, making every life count, ​bearing in mind that ​everyone can make a difference. With the internet, which simplifies life to its core, giving access to unlimited information. With the digitalization of almost everything we touch. We have witnessed the creation of blockchain, which keeps your data safe and promises to change the world even more, by reshaping several realms of your world and mine, in the span of the next several years.

As an Armenian, I know that a small country can make a difference. I know, that after a devastating and inhumane period of time in the history of the world, a nation can be reborn and blossom with brighter colors. The world was spinning all the way through our hardships and happiness. It is spinning around right now, as you are reading this text. Standing in front of the constant development of the world, understanding that I can’t change the process; I decided to predict it.

So, as I mentioned above, blockchain aims to change several spheres of our world. I’m willing to not only define already existing predictions but also imply those onto Armenian reality. And don’t tell me later I didn’t warn you (the wind of change is coming for ya :D)

Security

First and foremost, blockchain is about security. Decentralized data storage, virtually unhackable due to the algorithm? Yes. This is the reality we are living in. I’m not saying you will not use google drive or any cloud-based app. But after the Cambridge Analytica and Snowden cases, can you ever fully trust centralized data storage? With blockchain, it is impossible to collect all information from different accounts into one place. It is decentralized, and only you are the king of your data.

Just to mention, even blockchain can’t do anything about your relatives or neighbors, who are occasionally sharing your data without your permission.
(Armenian care is just another level of caring at all. Obviously, out of the spinning world). Let’s hope, that we will change that, once we will get older.

Financial technology

Bitcoin is the word around which we have all this hype. Even though blockchain is not only for bitcoin, banking is the most developed sphere of blockchain implementation. With faster transactions, no government control, or any other third parties, it has made some steps towards reshaping the banking systems in several countries.

Armenia doesn’t have any regulations from the Central Bank of Armenia, or any law, banning cryptos. Probably, dram (Armenian currency) has enough courage to not respond to the world’s hype around his fellow competitor – bitcoin.
We hope, that one day Crypto and FIAT can work in sync at the government level. Who knows, maybe Armenia is the next country in the region to change its banking system for good? Maybe that’s why they’ve changed the way dram looks recently? Make it water resilient and fancier? 10 points go to … Dram! Come on bitcoin! Show Armenia what you’ve got!

Politics

Oh, I know! We have been talking about politics maybe a little too much within the last year, due to the Velvet Revolution and elections of the new parliament. You have my promise, I’m not going to talk about past political events again. Instead, we will look into the depth of our nearest future.
Blockchain will disrupt a voting system, that’s for sure! Imagine absolutely transparent, automatized voting, without a tiny possibility of a falsification? Looks damn good, right? Blockchain will keep your future in its tight warm hug and what is really important, is that it won’t let bad guys steal that beauty from you!

Armenia has already proved to the world, that it is possible to have a peaceful revolution and stand for what is right. So, why can’t we as Armenians stand for transparent votings? ​If we are a peaceful nation with a burning heart of changes, we need blockchain like a flower needs water. Let’s wait a bit, maybe that wind of change is on its way!

The world is spinning around incredibly fast, my friend. You are the one who needs to decide, whether you are spinning around with it, swallowing all possible information, or are you staying still in the box of your comfort zone, arguing with the wall about the life you are living in, and the world that dares to spin without any rest for more than 4.5 billion years.