Nimbus-T Set to Issue NTC Token on the Fusion Blockchain to Support Innovative Identity Management Application for the Healthcare Sector

Nimbus-T Set to Issue NTC Token on the Fusion Blockchain to Support Innovative Identity Management Application for the Healthcare Sector

Fusion Foundation, the non-profit organization building the next generation infrastructure for decentralized global finance, today announced its collaboration with Nimbus-T, a healthcare platform that provides secure identity management and authentication in the healthcare sector to prevent fraud, improve interoperability and preserve data integrity.

Nimbus-T will issue the NTC utility token on the Fusion blockchain to serve as the “gas” that supports transactions and data transfers on their application.

“We evaluated numerous blockchain projects to identify the best fit to support our development needs,“ said Jose Bolanos, CEO of Nimbus-T. “We landed on Fusion because of its innovative feature set and unique interoperability solution.”

Fusion’s interoperability protocol known as Distributed Control Rights Management (DCRM) is currently being enhanced by a team of well-known cryptographers and is due to be unveiled later this year. The technology will enable Nimbus-T to connect with existing healthcare infrastructure and blockchain systems while empowering patients to maintain privacy and control over their health records and medical identities.

”Nimbus-T are introducing innovative new infrastructure to support patients and hospitals with data privacy and storage,” said Dejun Qian, Founder and CEO of Fusion. We think this is a natural fit for blockchain technology and are excited to part of the healthcare revolution.”

Nimbus-T’s patented technology empowers patients to create an encrypted QR code that can be used as a global healthcare identifier. The QR code can be stored on paper, mobile or ID card and manages all relevant patient information for medical documentation, genomic health, insurance information and more. The QR code will be registered and managed on the Fusion blockchain and distributed via the NTC token, enhancing security and facilitating fluid information transfer for Nimbus-T users.


Blockchain: Opportunities for health care | Deloitte US

Blockchain: Opportunities for health care | Deloitte US

​Blockchain technology has the potential to transform health care, placing the patient at the center of the health care ecosystem and increasing the security, privacy, and interoperability of health data. This technology could provide a new model for health information exchanges (HIE) by making electronic medical records more efficient, disintermediated, and secure. While it is not a panacea, this new, rapidly evolving field provides fertile ground for experimentation, investment, and proof-of-concept testing.​

What is blockchain and how can it provide opportunities for health care?

​A blockchain powered health information exchange could unlock the true value of interoperability. Blockchain-based systems have the potential to reduce or eliminate the friction and costs of current intermediaries.

The promise of blockchain has widespread implications for stakeholders in the health care ecosystem. Capitalizing on this technology has the potential to connect fragmented systems to generate insights and to better assess the value of care. In the long term, a nationwide blockchain network for electronic medical records may improve efficiencies and support better health outcomes for patients.

What is blockchain?

At its core, blockchain is a distributed system recording and storing transaction records. More specifically, blockchain is a shared, immutable record of peer-to-peer transactions built from linked transaction blocks and stored in a digital ledger. Blockchain relies on established cryptographic techniques to allow each participant in a network to interact (e.g. store, exchange, and view information), without preexisting trust between the parties. In a blockchain system, there is no central authority; instead, transaction records are stored and distributed across all network participants. Interactions with the blockchain become known to all participants and require verification by the network before information is added, enabling trustless collaboration between network participants while recording an immutable audit trail of all interactions.

Blockchain as an enabler of nationwide interoperability

The Office of the National Coordinator for Health Information Technology issued a shared nationwide interoperability roadmap, which defines critical policy and technical components needed for nationwide interoperability, including:

  • Ubiquitous, secure network infrastructure
  • Verifiable identity and authentication of all participants
  • Consistent representation of authorization to access electronic health information, and several other requirements.

However, current technologies do not fully address these requirements, because they face limitations related to security, privacy, and full ecosystem interoperability.

Implementation challenges and considerations

Blockchain technology presents numerous opportunities for health care; however, it is not fully mature today nor a panacea that can be immediately applied. Several technical, organizational, and behavioral economics challenges must be addressed before a health care blockchain can be adopted by organizations nationwide.

Shaping the blockchain future

Blockchain technology creates unique opportunities to reduce complexity, enable trustless collaboration, and create secure and immutable information. HHS is right to track this rapidly evolving field to identify trends and sense areas where government support may be needed for the technology to realize its full potential in health care. To shape blockchain’s future, HHS should consider mapping and convening the blockchain ecosystem, establishing a blockchain framework to coordinate early-adopters, and supporting a consortium for dialogue and discovery.​

Source: Blockchain: Opportunities for health care | Deloitte US

Hackers targeting Apple, Google app stores with malicious crypto apps

Hackers targeting Apple, Google app stores with malicious crypto apps

Hackers are targeting app stores from the likes of Apple and Google with malicious cryptocurrency apps to steal money and personal data, according to a study. Researchers at cybersecurity firm RiskIQ analyzed more than 18,000 apps to detect ones that are blacklisted by cybersecurity vendors. Their research found that 661 blacklisted cryptocurrency apps were found across 20 app stores including Apple’s App Store, Google Play and others.


South Korea’s Cryptocurrency Crackdown Isn’t Stopping This Bitcoin Exchange’s Launch – WSJ

South Korea’s Cryptocurrency Crackdown Isn’t Stopping This Bitcoin Exchange’s Launch – WSJ

Cryptocurrency platform OKCoin is planning to launch a bitcoin exchange in South Korea as soon as next month, a move that comes as the country’s government is considering whether to shut down cryptocurrency exchanges altogether.
Beijing-based OKCoin, which previously ran one of the biggest bitcoin exchanges in China before the government there banned cryptocurrency exchanges on the mainland, now plans to branch out to South Korea, another Asian hot spot for crypto trading. It has launched an OKCoin Korea website and has accepted preorder registrations for more than 150,000 people since Friday. The exchange intends to make some 60 digital coins available for trading.


Japan a global leader in cryptocurrency investment | The Japan Times

Japan a global leader in cryptocurrency investment | The Japan Times

Japan is the global leader in the market development of cryptocurrencies — a global buzzword recently — some of which have seen their values skyrocket over the past year.
As of Jan. 15, yen accounts for 56.2 percent of bitcoin, or BTC, the most popular cryptocurrency, according to Yen is followed by U.S. dollars at 28.4 percent, while all others account for 15.4 percent. Chinese yuan used to account for the largest until January 2017, but dropped after the state imposed strict restrictions on cryptocurrency trading.


Why Blockchains and Identity Go Together

Why Blockchains and Identity Go Together

One area of online life most ripe for disruption is identity: How does anyone really know you are who you say you are?

Nowadays, credit agencies and social networks like Facebook act as the main gatekeepers for identity. But a host of entrepreneurs are designing new solutions to this age-old Internet conundrum by using blockchain technology, the digital ledger system that underlies cryptocurrencies like Bitcoin.

A few such blockchain boosters participated in a panel discussion about identity at the Silicon Slopes conference in Salt Lake City, Utah on Thursday. There they claimed that these distributed, tamper-resistant databases can counter the monopolizing forces that have come to control people’s identities.

Read more:How Blockchain Could Replace Social Security Numbers

The most obvious failure of the current state of affairs is Equifax (efx), said Vinny Lingham, co-founder and CEO of Civic, a startup that offers identity verification via a blockchain.

“These centralized databases are central points of failure for your identity,” Lingham said, noting that in the case of a hack—as occurred with Equifax—all that information gets compromised.

“With the current model of identity, you’ve got honeypots,” said Timothy Ruff, co-founder and CEO of Evernym, a startup that has developed its own blockchain, Sovrin, to help people manage their identities. But in the blockchain world, “there is no big pile of data—it doesn’t exist,” he said.

Rather than sitting on a small set of web servers controlled by a single business, blockchain-based data can be dispersed across a sprawling network of machines. Advocates, like the ones on the panel, say this architecture can grant regular users more ownership over their own data.

Michael Sena, who heads product at uPort, an identity service built on the Ethereum blockchain, said that to be truly in control of one’s own identity—or “self-sovereign”—a person must be in control of the cryptographic keys that allow them to interact with an access said blockchains.

“To be self-sovereign, you can’t be dependent on a decentralized network,” Sena said. “There needs to be the ability for users to determine how they handle keys.”

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In other words, just because a blockchain is involved doesn’t magically mean people have more control over their data. The crypto keys, which function sort of like long, complex passwords for securing information, are, well, key.

“If you are the self-sovereign over something, you are the final authority,” Ruff said. “As morbid or brash as it sounds, you have to be able to fire your identity provider.”

If and when blockchain-based identity projects reach critical mass in terms of user adoption, they could help get more decentralized services—like cryptocurrency exchanges, file storage providers, and prediction markets—off the ground. For true believers, solving identity is the first step toward realizing what they deem to be the next wave of the web.

Lingham, despite being bullish on blockchains and their future, expressed skepticism about some of the present mania for cryptocurrencies. “Out of the 3,000-plus tokens out there, most of them are probably going to fail,” Lingham warned.

Source: Why Blockchains and Identity Go Together