Threats Fly As Fight Over $200 Million Siacoin’s Crypto Code Intensifies 5613

An effort to keep the $200 million siacoin blockchain free from corporate interests is devolving into chaos amid accusations against the companies at the center of the effort. At issue is the conduct of the protocol’s coders, and the motivations behind their push to alter the rules of the blockchain they maintain. With a proposal, introduced last week, developers including siacoin creator David Vorick have floated changes that would keep some mining equipment operators from earning value by securing the distributed storage protocol.

Simply put, the code would fork siacoin so that products offered by Bitmain, the China-based firm on the verge of an initial public offering, and its competitor Innosilicon, would be disabled.

But while such efforts have been met with enthusiasm on other blockchains, satisfying concerns about how such changes could impact the balance of power on their networks, there’s just one problem – in the case of siacoin, the equipment that would still work is being sold by a company operated by siacoin’s developers.

Indeed, the mining company in question, Obelisk, was founded by Vorick in 2017. In June this year, Vorick later announced a service named named “Launchpad,” through which Obelisk would create mining equipment for a wider range of blockchains.

But while this was praised as a novel model for blockchain management, it did little to change the competitive environment for the company. Obelisk’s SC1 miner had already been beaten to market by a competing offering from Bitmain in January. The stage set for competition by June, the mood in the community was tense, if optimistic, that is until Obelisk missed a July deadline.

Having amassed $22 million from siacoin users for the production of mining machines, the situation has now degraded into a tangle of legal threats and proposals to fork the blockchain. The situation is so fraught, even Vorick said he doesn’t quite know “how things will play out.”

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Paysenger: How to communicate with the stars? 5291

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Paysenger is a universal solution for paid communication. The service helps you to communicate directly with experts, celebrities and owners of unique knowledge. Paysenger allows opinion leaders to monetize their attention in a new way, while investors are offered to invest in a token named EGO.

The EGO token is an internal medium of exchange used by Paysenger. The users will have opportunities to use fiat money and other payment options but we will encourage them to prefer the EGO token. In other words, EGO is a part of the Paysenger ecosystem; it was created not for fun (as many other) but for a special purpose and therefore has high growth potential.

The last few months have been very productive for the Paysenger team. We managed to take part in several crypto conferences, organize a contest for our partners, and pay out over $250,000 in rewards. But the most important thing is that the price of the EGO token, which is the internal payment tool of our project, is increasing. That means that we are moving in the right direction.

But first things first.

Our Advisors

Even though the Paysenger team is made up of true professionals, we realize that in today’s competitive times we can’t get by without the help of outside specialists who are experts in their fields.

It’s been said and done. We searched for a long time and found some well-known experts in the cryptocurrency industry who came to help our project. Thanks to them, we were able to make the necessary adjustments and determine the further vector of development. Here they are:

  • Timo Trippler — a well-known ICO advisor, CEO, investment and risk manager from Germany. With over 12 years of experience in various financial roles, he managed to advise many successful ICO projects. We invited Timo Trippler to participate in the development of our project because we were confident that his years of experience with blockchain technology would prove useful. He joined the Paysenger team and provided invaluable support.
  • Reuben Godfrey — odious cryptocurrency expert who got interested in bitcoin when it was still worth a few dollars. Reuben describes himself as “a long-time observer and supporter of BTC”. He is a big believer in the bright future of cryptocurrencies. Due to his successes and failures, Reuben’s opinion is extremely useful for any cryptocurrency startup.
  • Ismail Malik — a prominent tech advisor who has participated in 29 ICOs and helped to raise over $200 million. Ismail has more than 20 years of experience in technical support for startups. Rise.Global ranks Ismail Malik as one of the top 100 most influential blockchain experts. Our project was honored to receive valuable development guidance from a guru like Ismail Mailk.

EGO’s Giveaway Challenge (Gleam Contest)

The bearded EGO Claus brought good news to anyone interested in cryptocurrency projects that create real value.

We organized a large-scale distribution of EGO tokens with a total value of $150 thousand.

Thousands of users from all over the world took part in EGO’s giveaway and earned nice bonuses.

What did we get in return? Massive social media publicity. Hundreds of thousands, maybe even millions of new Internet users heard about Paysenger. Thousands of links and discussions about our project appeared on Twitter, Facebook, and other social networks. Each participant promoted Paysenger through reposts, likes, posts, and other social media activities.

The first-place winner received 100,000 EGO ($7,500). We planned to pay a financial reward to 500 participants, but couldn’t stop. Random 2000 winners each received 500 EGO!

We do not calculate whether the $100,000 we spent paid off because we do not consider it a direct investment in advertising. Rather, it is a way to thank those who believe in the project and support it with their attention.

EGO Bounty Program

Inspired by the responsiveness of the users who participated in the EGO’s Giveaway Challenge, we are continuing the EGO Bounty Program.

In this case, users can’t just get tokens, they have to earn them. But it’s not hard and is available to everyone, even complete beginners.

So, the first stage of the Bounty Program has started recently, with 1,200,000 EGO tokens (about $75,000) allocated to it. In order to get free EGO tokens, participants have to complete a task (one or several), such as placing a Paysenger signature on their personal website or making a post on Instagram, Twitter, or Facebook.

We have taken some steps to prevent users from creating multi-accounts in order to receive multiple payouts. What are the results? Thousands of social media posts, articles on Medium, tweets on Twitter, images, and posts on Instagram.

In short, our bounty program has been incredibly effective. One of the reasons for this is that users understand that the EGO token is not just another coin that is secured only by faith in it, but a financial tool that performs a useful function, namely providing fast and secure payments in the Paysenger network.

World Blockchain Summit

On March 23-24, 2022, one of the most famous conferences called the World Blockchain Summit will be held in Dubai.

Thousands of investors, traders, CEOs, and other cryptocurrency enthusiasts will attend this event to interact with leading crypto and blockchain projects, meet global crypto and blockchain influencers and learn from pioneers.

Paysenger will not only participate in the World Blockchain Summit but will be its sponsor. This way, thousands of well-known and influential cryptocurrency industry experts will learn about our project.

World Blockchain Summit is designed to connect global blockchain experts and technology players including IT leaders, government authorities, and blockchain developers. We are both proud and excited to be among the participants and sponsors of such an event.

Crypto Expo Dubai

Dubai, like a magnet, attracts a huge number of famous personalities in different spheres.

Crypto Expo Dubai 2022 is a premier cryptocurrency event that will take place March 16-17, 2022 at the Festival Arena.

Igneus Terrenus, Bill Spata, and other famous speakers will bring together a huge range of industry leaders including CEOs, tech advisors, financial gurus to network and explore new business opportunities in the fast-developing crypto space.

Paysenger has already confirmed its participation in Crypto Expo Dubai.  We are proud to participate in such well-known and authoritative conferences.

Future Plans

While Paysenger marketers are busy promoting the service and increasing our brand awareness, the developers are actively working on the technical part.

The team’s near-term goal is the release of the Paysenger mobile app. The web version of the platform is already available. Various experts ready to share useful content are actively creating their profiles to monetize their influence through prepaid chat, live streams, or video calls. With the release of the mobile app scheduled for March, Paysenger will become even more accessible and easier to use.

EGO Price Dynamics

Numbers don’t lie:

  • $0.01 — EGO token price at the seed round.
  • $0.025 — EGO token price at the first private sale.
  • $0.05 — EGO token price at  Public Presale (on Tokensoft platform). Initially, it was announced $0.035 per EGO unit, but the volume of investments attracted into the project allowed to correct EGO tokenomics and increase the token price.
  • $0.075 EGO token price at IDO. The EGO token is scheduled to launch on the exchange in Q3 2022.

About Paysenger

Paysenger — is a service that monetizes communication. Paysenger creates a new way of communication in a world with the fastest growing relations and unchanged attention span.

Now you can attract attention to your message or call by paying for the recipient’s attention with a fiat or EGO token. It is getting much easier with Paysenger to contact a media person or get expert advice. A received media content can be converted into NFT (Non-fungible token). It can be saved or sold on the internal marketplace for EGO. Our goal is to transform the blockchain by making the technology easier to a large audience.

You can request communication with a favorite person by choosing a preferable format. Whether it is a chat, a conference, or just a video greeting. All these you can get on Paysenger.

Join the EGO Token ecosystem! To buy EGO tokens on Tokensoft click here https://bit.ly/3IOFPPC

Follow us on social media!

Telegram | Twitter | Instagram | Instagram (RUS) | Discord | Facebook

Best regards,
Paysenger Team.

NEXT SHIB: Next generation MEME token about to go public! 6526

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DeFi’s newest cutest meme token announces the launch of its public sale. The mascot of the new, ultra-fast ultra-cheap NEXT Smart Chain has arrived.

Deflationary on every transaction (5%) and with no other tax, no team tokens, and starting with a very low market cap, this meme token is lifting off to visit its Nextronaught NFT siblings in orbit (#Nextronaughts are coming down to play in the #Nextverse very soon!).

In recent years meme tokens have emerged to become more popular than many mainstream cryptocurrencies, thanks to their unique mass appeal. NEXT SHIB is the newest entrant into the meme coin space so far ruled by DOGE and Shiba Inu. The tokenomics and the underlying operations of NEXT SHIB, however, differ vastly from the rest of the meme coins, powering NEXT SHIB with rocket fuel. The token follows a deflationary model where the total supply of 100 billion tokens deflates every time a transfer is made, but with no other reservation of tokens for any purpose other than to permanently lock its liquidity (yes permanently!). It also has a low initial market cap of less than $500K.

This ensures a steady growth in value and wealth accumulation possibility for early adopters. The private presale was a success and the public sale opened today, until the end of January. NEXT SHIB token is available on the Ethereum Network (ETH), Binance Smart Chain (BSC), and on its own native NEXT Smart Chain (NSC).

The blockchain built for scalability

The NEXT Smart Chain is a third-generation blockchain network that has clear advantages over Ethereum and Binance Smart Chain. With a clever combination of Directed Acyclic Graphs (DAG) and Byzantine Fault Tolerance (BFT) technologies, the network manages to achieve a speed of 300000 transactions per second (yes 300K tps) and a persistently low transaction cost of circa $0.0001 per transaction – the lowest fees in the current market.

NEXT Smart Chain is fully compatible with the Ethereum Virtual Machine (EVM), so all ERC-20 tokens and decentralized applications can function on the NEXT Smart Chain (yes – all DAPPS will just work). Just like NEXT SHIB, the NEXT Smart Chain (ticker: NEXT) has a very low market cap of less than $1 million and a fixed token supply of 30.3 million NEXT, while its competitors reach over $1 billion in market cap.

The unmatched scalability and transaction speeds offered on this blockchain make it the ideal network to deploy the next generation of NFT and NEXT Metaverse projects. With NFT gaming and trading within the Metaverse becoming the highly anticipated products of Web3, projects using NEXT Smart Chain will be poised to uniquely benefit from its robust underlying architecture to provide a healthy user experience to early adopters. The smart chain will launch with over 200 independent validators, making it a very decentralized and secure blockchain.

With the launch of the NEXT SHIB once the public sale completes, NEXT Smart Chain will transform the market as a center of excellence for metaverse innovations & crypto projects.

The future is bright – come and see what’s NEXT !!

Website | Twitter | Discord | Telegram

Reltime ‘RTC’ list its unique PoA Protocol and Decentralized Ecosystem 5584

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Oslo, Norway / Reltime’s Proof of Authority Blockchain along with its decentralized banking ecosystem will launch in the 2nd quarter of 2022. Reltime has announced it will be the first blockchain company to bring borderless joint accounts and peer to peer loans to its end-users.

Currently, Reltime is listed on Bitmart and CoinTiger. Reltime is also on track to conduct two more IEOs in the near future: one at P2PB2B, and the other at IndoEx, both with the ticker RTC.

Reltime was founded by a team in Norway, El Salvador, Canada, and India. Reltime started out as a project at King’s College London in 2018. Built on trust, performance, and security, the Reltime DeFi (Decentralised Finance) Ecosystem is owned, backed, and supported by the world’s leading financial partners, such as TAG Systems and FSS Tech.

Reltime Ecosystem

Reltime envisions building a permissioned blockchain with its own decentralised banking ecosystem. Reltime will empower anyone with an Internet connection to engage in advanced financial activities such as peer-to-peer (P2P) borrowing and lending, currency exchange, and domestic and international transfers—all with no fees. The initial launch is scheduled to take place in Brazil, Europe, India, Japan, and Mexico by the 2Q of 2022. Reltime expects to have a global reach for its services by the 4Q ofthe same year; its goal is to do the IPO during the 1Q of 2023.

With its decentralised infrastructure for borderless payment processing, Reltime aims to become a leading full-service digital finance platform with its own stable currency, making SWIFT/IBAN unnecessary for fiat transfers.

The Proof-of-Authority protocol

Reltime is also developing a sophisticated, proof-of-authority (PoA) protocol to deliver payments, instant settlement, and free transactions globally between users based on identity. Reltime’s goal is to reconstruct the banking system as a de facto decentralised platform that is automatic and compliant with regulations. A subsidiary is being established in El Salvador as well (operational in January 2022).

Reltime aims to redefine the state-of-the-art blockchain technology used in tenant and microtransactions and to bridge the traditional financial market and cryptocurrency market using its platform. Today, people are one step closer to complete independence from banking systems. Anyone can build a DLT based service from the Reltime Open API.

Reltime offers Plethora of Services

Reltime projects include mobile applications, free P2P transfer, joint account, lender and borrower interface, where the Lender can customize a loan offer and establish a smart contract to any borrower in the phone contact list. It also includes Marketplace for Borrower with Collateral, a micro-Swap exchange, and DEFI Sandbox, in the end, a comprehensive banking platform controlled by the end-users. Users can review the introduction here, where Reltime also presents the MVP of the service:

Reltime aims to bridge the traditional financial market and the cryptocurrency market using their platform. By doing this, Reltime aims to be a leading DeFi product in driving mass adoption of blockchain technology and accelerating the growth of DeFi. Problems associated with DeFi have been about the complexity of the current DeFi products and the need to be tech-savvy to understand the DeFi landscape fully. Reltime plans to ease the barrier of entry into DeFi and has worked on the project for several years.

Reltime has partnered with several key players in the industry to fulfill the full scope of the deliverable to the users. From License/BIN/EMI, Checkout, Deposit, Biometric Card, and Development. The Reltime team has raised money to fulfill the project, both from the founders and partners. The aim of listing at the exchange is to bring Reltime’s services to the global market and the users in the crypto market. At the same time, all Token holders will be invited to the PreIPO in the 4Q of 2022.

The ecosystem will be open for anyone, both from the financial industry, developers, and distributions. DEFI and Financial systems are all about mathematical calculations. Reltime sees massive potential in the listings, to attract investors and most importantly: find global partners that can bring the Ecosystem of Reltime to the mass market. “We really look forward to the future, informed the CEO Frode van der Laak.”

To learn more about Reltime visit Reltime.com
Twitter: https://twitter.com/Reltimedefi
Telegram: https://t.me/reltimedefi
Linkedin: https://www.linkedin.com/company/reltimedefi

Source: Reltime AS

O-MEE The Web3.0 Social Subscription and NFT marketplace announces strategic partnership with blockchain branding partners Noir 5496

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O-MEE aims to reinvent the future for creators by providing a Web3.0 NFT network that drives sociability and creativity for artists, designers, influencers and content producers who can upload, create, share and sell their artwork all in one place.

5th January 2022 – London, UK – O-MEE has announced its partnership with Noir. Noir is a blockchain brand agency that builds world changing Web3 & DeFi brands of the future. Technology is undergoing a paradigm shift, change is the key ingredient for growth, innovation and a better future. Noir helps complex protocols and projects articulate their mission to the world, create an emotional connection between users, products and partners and build community and trust into companies.

Noir has worked alongside many ambitious Web3 & DeFi founders providing advisory, brand building, investment and marketing services.

Anthony Logan, CEO of Noir:

“We are excited to be working alongside O-MEE and their fantastic team creating a Social & NFT marketplace to redefine how creators build social and economic value in Web 3.0. We believe O-MEE gives creators the opportunity to emotionally connect with their fans and create meaningful value from their work. We are looking forward to supporting O-MEE investing, creating and building their brand as well as providing social and strategic marketing support.”

Jared Walker, CEO of O-MEE:

“It is with great pleasure to announce our strategic partnership with Noir Agency, one of the leading brand innovation agencies within the blockchain industry. It was extremely important for us to create a brand vision and identity that provides a strong and meaningful message that connects our project to our community, users and audience. Their individualistic approach to branding challenges the traditional and everyday design paradigm that truly makes O-MEE a trustworthy and memorable project. We want to thank Anthony, Jamie and their unbelievable team for their efforts and we look forward to our long-lasting partnership.”

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What is O-MEE?

O-MEE aims to reinvent the future for creators by providing a Web3.0 NFT network that drives sociability and creativity for artists, designers, influencers and content producers who can upload, create, share and sell their artwork all in one place. Through API connectors, creators are able to connect mainstream social media accounts from the likes of Instagram, Youtube and Tiktok to republish their existing artwork, videos, photography and media to their profile showcasing their content to the O-MEE community where it is displayed for their followers to like, interact and share. In addition, creators are able to create and mint both new and republished artwork allowing them to sell and monetize their artwork on the O-MEE NFT marketplace.

The NFT community provides the foundation to create, support and innovate individualistic and artistic independence and O-MEE’s underlying vision aims to provide a platform that interconnects their social and NFT experiences.

In addition, the O-MEE subscription feature allows creators to monetize specific content through flexible pricing plans, providing their followers unrestricted access to their profile and exclusive NFTs. We encourage creators and artist to generate more followers, more likes, more engagements, more subscribers and more revenue. O-MEE recognises how hard creators work to produce exclusive content, and we want to reward them. O-MEE offers a zero commission on all revenue generated through their subscription model.

O-MEE Platform Features: 

  1. NFT Marketplace: Explore, discover, collect, bid, buy, sell and mint exclusive NFTs and digital artwork. 
  2. Subscription Model: Subscribe to your favourite creators and gain exclusive and unrestricted access to their profile and NFTs with a zero percent commission rate on all revenue generated. 
  3. Sociability: Interact, engage, message, share, like, promote and connect with creators and the community.
  4. Create and Republish Media: Experiment, innovate and create pictures and videos for your followers. Integrated API connectors allow users to republish and mint existing pictures and videos from mainstream media sharing apps such as Instagram, YouTube and TikTok. 
  5. DeFi: Staking membership programme and farming partnerships gives users and token holders the ability to earn
  6. Ownership: Users own 100% of their content. No middlemen. No third party fees. No censorship. 
  7. No Oppressive Algorithms: Be in control of your content feed through their filter tool. You decide what you see.

O-MEE urges artist and creators to take back control of their future

We’re living in an experimental new world. From the metaverse to NFT’s. Everything’s in flux and everything’s new. But, web 2.0 hasn’t kept up. We’re still giving away art for hearts and likes. It’s time to reinvent. Unfriend social feeds. Unlike shady algorithms. Unfollow ads. We’re giving you your independence and equity back. So you can experiment, compose and innovate. Create meaningful value from your work. Connect with your fans. And subscribe to your favourite creators’ journey. We call it O-MEE. A social subscription and NFT Marketplace for Web3.0. Break conventions. Forge a new path. And challenge what art can be. O-MEE, reinvent your future.

OMEE3

More information here: 
Website: https://o-mee.io
Twitter: https://twitter.com/omeeio
Telegram: https://t.me/omeeio

Hxro Network Announces $34M Strategic Round Co-Led by SIG DT, Jump Crypto and Blockchain Capital 6959

Hxro Network (“HXRO” or “the Network”), a derivatives primitive built on the Solana blockchain, today announced the closing of a $34 million strategic funding round co-led by SIG DT Investments (A Susquehanna International Group Company), Jump Crypto, and Blockchain Capital.

The $34 million HXRO token round was backed by a marquee list of principal trading firms including SIG DT, Jump Crypto, Alameda Research, Chicago Trading Company, and Pattern Research as well as venture participation from Blockchain Capital, Solana Ventures, Coinbase Ventures, Commonwealth Asset Management, CoinFund, Genesis, LedgerPrime, Mantis, and Magnus Capital.

The round follows a $15 million HXRO token deal earlier this year that brought Commonwealth as well as notable macro hedge fund managers Alan Howard and Louis Bacon to the Network.

Hxro Network is a liquidity, risk, and margin primitive for risk-based applications built on the Solana blockchain. It provides critical support for a full suite of on-chain derivative markets. Solana is a key component to the Network, providing censorship-resistant infrastructure with the speed and low marginal transaction costs needed to facilitate derivatives markets at scale.

The Network protocols provide open solutions enabling market makers, traders, operators, and other network participants to quickly create and connect to globally aggregated liquidity. These protocols combine the risk, margining, clearing, and capital efficiencies of centralized derivatives with the open, trustless, and censorship-resistant elements of DeFi.

The Network plans to initially support markets for the most well-known crypto-assets, and will later agnostically extend to markets for any high-fidelity data supplied by network-approved oracles. This scope enables the Network to provide the underlying market infrastructure for everything from crypto and traditional assets to live in-play sports wagering and other event-driven markets.

Dan Gunsberg, Co-Founder of Hxro Network, commented on today’s news: “The notional size of incumbent derivatives markets is still many times that of what is available in DeFi. The mission of Hxro Network is to change that in a way where all market participants, no matter the size of their contribution and participation, can benefit. Today’s announcement is further validation of Hxro Network’s community-based vision to build the most robust and scalable decentralized derivatives primitive available in the marketplace. We’ve coordinated some of the most experienced participants from both traditional and crypto markets to participate in the design and build of the network’s most critical foundational elements. Under normal circumstances these teams would be incredibly competitive with one another. However, they all share a common goal of unlocking the frictions that exist in incumbent markets and creating an open marketplace through the application of decentralized technology. As a community, we are creating a very powerful foundation for decentralized derivatives to scale and become a significant part of the fabric of the global derivatives landscape.”

The Network will utilize a unique staking protocol to facilitate network governance, liquidity incentives, and rewards. Hxro Network value will largely derive from transaction fees generated within the network. One hundred percent of the Network’s value will accrue to staked HXRO token holders, specialized node operators, the network treasury, and developer pools vital to network scaling and functionality. It will compose with Pyth Network as its primary data oracle, and will also easily compose with order books from Project Serum. The Network will integrate Civic as well, which will provide critical primitive layer compliance architecture.

HXRO plans to begin launching v1 network components to Solana mainnet next month and into Q1 of next year. This will include parimutuel markets, serial and quarterly futures, perpetual swap and options.

How Blockchain In Healthcare Could Save The Healthcare Industry Up To $100-$150 Billion Per Year 5939

Traditional blockchain technology has historically been associated with cryptocurrency. It came to mainstream attention back in December 2017 when the price of Bitcoin soared from $900 to $20,000. Here’s the catch though: blockchain is not only applicable to cryptocurrency. In fact, blockchain, as a secure public ledger, is exactly what the healthcare industry needs. Blockchain in healthcare is ALL about removing the middleman. It’s about increasing the security of various transactional activities in the healthcare space, while eliminating bureaucracy and manual inefficiencies, improving quality of care and democratizing patient data.

Blockchain is a decentralized list of digital records linked together by cryptography. Each record is known as a ‘block’. Every block contains a cryptographic hash of the previous block ie a mathematical algorithm, a timestamp, and data of that transaction. Blockchain technology was developed to be a secure open ledger to record digital transactions, managed by a peer-to-peer network. According to an article in Digital Authority Partners, HIPAA reported that in 2018, there was at least one data breach of healthcare records every day.

Between 2009 and 2018, more than 59% of the US population has had their healthcare records compromised from data breaches. In the age of data-insecurity, health organizations should look at utilizing blockchain technology. There’s a lot more to it than simply transactional activities’ – blockchain is about securely sharing data previously deemed impossible to extract. Active Companies in the markets today include Healthcare Triangle Inc. (NASDAQ: HCTI), Accolade, Inc. (NASDAQ: ACCD), Teladoc Health, Inc. (NYSE: TDOC), Cigna Corporation (NYSE: CI), UnitedHealth Group Incorporated (NYSE: UNH).

According to Healthcare Weekly, “40% of healthcare executives see blockchain technology as one of the top 5 priorities in the industry. Furthermore, the adoption of the blockchain in healthcare could save the healthcare industry up to $100-$150 billion per year by 2025 in data breach-related costs, IT costs, operations costs, support function costs, and personnel costs, and through a reduction in frauds and counterfeit products. Blockchain technology can prove to be just as effective a solution as AI. It can help improve the drug supply chain and make the clinical trials process more efficient. One of the main issues in pharma is preventing counterfeit medicines from getting to market.”

Healthcare Triangle Inc. (NASDAQ: HCTI) BREAKING NEWS: Healthcare Triangle Releases Methodology for Blockchain Transformation for Pharma Supply Chain – Healthcare Triangle Inc. (“HCTI” or the “Company”) a leading provider of cloud and data transformation solutions, is pleased to announce the release of Blockedge Glu, which provides a framework and methodology for a blockchain transformation of pharma supply chain eco system in partnership with blockedge.io a leading blockchain transformation provider.

Creating end-to-end visibility in supply chain management and maintaining prescription drug traceability and integrity hold utmost importance in the pharmaceutical industry, which is currently accelerated by the compliance requirements DSCSA from FDA.

“FDA’s requirements alone are not the driving factor behind accelerating the blockchain transformation of pharma supply chain”, says Chairman and CEO of Healthcare Triangle, Suresh Venkatachari. Per BIS Research, Pharma companies currently lose $200 billion a year to counterfeit drugs. The health issues caused by such drugs are alarming to an extent WHO (World Health Organization) has also gotten involved in solving this problem using Blockchain.

“Blockchain is the best track & trace solution available for us today, giving complete end-to-end supply chain visibility, thus can make a significant difference, if adopted right.” Venkatachari continued, “Blockedge Glu is designed to make this adoption right by addressing major challenges involved by providing a framework which reduces the complexities of integrating existing large and complex IT systems with one or more blockchain networks while also providing a transformation methodology that servers as a playbook for IT and business leaders to implement, what’s becoming to be, the multi-year transformation program.”