Part two of this series exploring the growing intersections of blockchain and artificial intelligence (AI) illustrated how this combination is transforming the blockchain ecosystem. The convergence is growing across a number of industries, and healthcare is a prime example. It’s also a fast-growing one. According to Morgan Stanley, the industry’s average estimated budget allocation to AI is projected to grow from 5.7% in 2022 to 10.5% in 2024. Similarly, blockchain’s market size in healthcare was valued at $1.97 billion in 2022 and is expected to expand at an eye-popping CAGR of 68% from 2023 to 2030. These growth predictions are unsurprising since, used properly, blockchain and AI can be excellent…
-
-
FDA choses Walmart, Merck, IBM, and KPMG for blockchain pharma project
With fake medicines a huge and potentially fatal problem, the U.S. Food and Drug Administration thinks blockchain might be the solution
Walmart, Merck, IBM, and KPMG are teaming up with the U.S. Food and Drug Administration on a blockchain pilot program aimed at protecting the American pharmaceutical supply chain.
-
Blockchain may offer solution to deadly distribution of fake pharmaceuticals
Fraudulent and substandard drugs kill hundreds of thousands of children every year in developing countries
On Jan. 31, China’s Chongqing Yuzhong District Food and Drug Administration announced that it was partnering with a local blockchain firm, Prime Chain Network, to combat fake and expired prescription drugs.
-
Must-reads for September 27, 2018: Fake volume, low volume, and other bad choices
Here are the crypto stories you should be watching today
Crypto’s Open Secret: Its Multibillion-Dollar Volume Is Suspect (Bloomberg via Yahoo Finance) Nearly two months ago, we wrote about BitForex, the Singapore-based exchange with suspicious trade volumes and a horrible logo. Bloomberg has finally caught up to Modern Consensus and they have some more details about it. Why would BitForex do it? “Transaction mining, also known as trade mining, is a controversial practice. On BitForex, users earn the equivalent of $1.20 in digital tokens issued by the exchange for every $1 they pay in transaction fees. It’s a system that critics say is tailor-made to encourage wash trading — in which a trader, or a team of traders, buy and…
