DiscoveryIoT – Introducing the World’s First Blockless DAG IoT Network 0 63

[Birkirkara, Malta, August 12] Looking to disrupt a trillion dollar market, Discovery is setting up an IoT network targeting supply chain businesses. Discovery is set to revolutionize the traditional supply chain network through its innovative solution by bringing together blockchain technology, AI and IoT. The core of the Discovery network is comprised of three layers, the Cliot IoT tag, the user community and the data analytics/Artificial Intelligence engine.  

Cliot is a groundbreaking innovation being carried out at the smallest scale.  It is an IoT tag that utilizes backscatter technology to absorb surrounding electromagnetic waves (Cellular) to power itself up. Being developed at a cost as low as $0.10 per tag, Cliot lends itself to be a highly scalable solution for tracking everyday products. Cliot is being developed to communicate with devices within 30m range. In addition, it can also house a variety of sensors like temperature sensor, accelerometer etc., depending on various purposes.

The user community is a community of smartphone users that have the Discovery application installed on their phones. These smartphones act as nodes in the network with which Cliot communicates and transmits data over WiFi or Bluetooth. The communication automatically takes place without the active involvement of any user once the phone is in Cliot’s vicinity. Once the data is transmitted to the phones, the data is then transferred to the central server via the phone’s cellular network.  

Data analytics forms the third layer wherein the data received from the Cliot is processed using edge computing at the smartphones and sent to the cloud to capture useful insights about the processes in the supply chain. These insights ultimately help in strategizing businesses as well as in maintaining the quality of the products in supply chain. There is also an AI engine built into this layer, to give meaningful and predictive information to clients about their supply chain.

The Utility of Discovery Network

Streamlining supply chain provides businesses an opportunity to improve revenues as well as reduce waste, without having to suffer great amount of revenue loss through stock-outs, stock-obsolescence, untimely delivery, poor product quality, etc. Therefore, in the developed economies where retail is organized, Discovery’s solution provides optimization of businesses by giving access to deep insights from the sales data the network gathers. However, Discovery’s solution has the biggest disruptive potential in the developing economies in Asia and Africa where retail is highly disorganized. It’s almost impossible for clients to access retail data in such markets and the businesses often suffer from issues like stock-outs. Discovery’s network, therefore, has a scope to be a massively successful solution in these markets and its utility can be summarized below:

Low-cost tracking

With the Cliot tag priced at $0.10 and tracking cost as low as $0.04 per product per month, Discovery’s solution is inexpensive compared to the existing solutions available. Being cost effective, the solution can be massively adopted for daily products.

Real-time visibility

Discovery’s solution enables clients to get real-time insight into their stocks and supply chain management. This insight would provide an effective decision-making tool for forming successful business strategies.  

Artificial intelligence

The third layer that forms the Discovery network incorporates AI which enhances the network’s capability by providing clients with predictable and actionable information. This predictive capability can help clients avoid issues like stock-outs while the AI gets smarter as more information is added to Discovery database.

Custom analytics report

The data analytics layer of Discovery can provide clients with customized reports of their sales data according to the unique requirement of each brand.

Customer and retailer relations

As retailers do not receive any direct incentive in sharing sales data, they are likely not motivated to do so. In addition, it is not possible to know the retailer performance without having access to the sales data. With Discovery’s solution, companies do not have to deal with retailers as the products tagged with Cliot transmit relevant data.

Besides the utility that Discovery network allows for clients, the user community who facilitates the network’s expansion is also benefited in the following ways:

Instant rewards

The community members who lend their data to the Discovery’s network are rewarded on a daily basis without any delay.

Passive Income

The network is built such that community members are not required to be actively involved in the data collection from Cliot. The Discovery application only needs to be run in the background which can automatically pair up with Cliot tag as the user is in its vicinity.

Guaranteed security

The data collected through Discovery network is de-granularized and individually identifiable information is not shared, thus ensuring highest level of privacy and security.

Control over the data limit

Discovery provides users an option to configure the data limit according to user preferences in the application and it also allows them to set geographical limitations.

If you would like more information about this topic, please contact Selvam VMS through selvam.vms (at the rate) discoveryiot.com .

Source: Esthan, a tech PR Firm, and an Official PR partner of DiscoveryIoT

Contact: Sharon Pradhan
Phone: 905-728-5982
Email: sharon@esthan.com

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Why Your Online Privacy and Security is Under Threat — Blockchain Is Here to Change That 0 526

Privacy has always been important. It’s just human nature to want to protect our secrets and most personal information. In the online world, our online privacy and security is especially important, because the information we share there is available globally. If our sensitive online data is compromised, it could fall into the hands of literally anyone.

For these reasons and more, 59% of internet users worry about their personal info being stolen. For most of us, it’s important to have control over which companies can access and use our data, and we like to imagine they’ll be responsible custodians of it.

It’s no surprise, then, that the recent scandals surrounding the misuse of customer data by big companies like Facebook have caused such a storm.

Rumors about dubious data protection practices have been around for years, but it’s only now that the full extent of Facebook’s negligence is coming to light.

Nobody is sure what will happen as a result, but it’s a safe bet that Facebook will continue to use our data pretty extensively. That’s because it’s a huge money-spinner for them.

Why is our data so valuable

When we use sites like Facebook and Google, we essentially surrender control of our data. All the information we share and post using the platforms belongs to them.

That includes information about what we tend to search for, our interests, how we spend our time, and much more.

It’s extremely valuable to these companies because they work closely with advertisers to help them target ads at the right people. It makes sense: advertisers are likely to have much more success when they aim their ads at people who are already somewhat interested in their products.

This makes data an incredibly powerful resource for these platforms. It helps make them billions in ad revenue and keeps them at the top of their respective games.

It can be considered an invasion of privacy, and an intrusion into users’ personal affairs, but at least the platforms are upfront about their activities in this area.

The Cambridge Analytica Scandal

The Cambridge Analytica scandal, however, revealed a whole new layer of shady behavior. It turns out that Facebook had allowed a third-party political consulting firm to access the data of millions of their users.

This data was then used in political campaigns to influence votes. That’s a problem because none of the users had directly consented to their personal data being used this way.

Since the scandal broke, Facebook and similar platforms have come under heavy scrutiny about their ethics when it comes to our data.

It’s pretty unlikely that these tech giants will cease to exist, or even take a significant hit. But their reputations have suffered. In a recent survey, 40% of people said they were ‘concerned’ about how Facebook used their personal data, and another 44% were ‘very concerned’.

It boils down to the widely shared belief that privacy is a right. People seem to agree – quite passionately – that their privacy and security matter more than the profits of a tech company.

The result of all this controversy is that people want a change. There’s a big desire building for a new system where the privacy and security of our personal data is respected and assured.

It’s possible that the solution could be blockchain technology.

The blockchain approach

Blockchain, the technology underpinning cryptocurrencies like Bitcoin, is well-suited to building systems with privacy and security at the forefront.

The technology is by nature decentralized, transparent, secure, and anonymous. For these reasons, it has the potential to shift the balance of power in the online world.

By using blockchain responsibly to build new systems for handling data, it’ll be possible to move power away from established centralized platforms like Facebook and Google and return control to users.

One of the companies working towards this goal is Kind Ads. Entrepreneur Neil Patel, an advisor for the company, said in an interview with CoinCentral:

“it’s going to change the digital marketing landscape because you’ll be able to cut out the middleman more than anything else, and this industry really needs it.”

The ‘middleman’ here is the all-powerful platforms, the Facebooks, and Googles who dominate the space and require advertisers to work through them. By moving to a more decentralized model, users will be able to work with ad companies directly and decide who gets to access and use their data.

It’s a better model for everyone. Users retain control of their personal data, and advertisers can target people who really want to see their ads.

It’s a new way of doing things, one that ensures more peace of mind for users and a fairer way of handling sensitive data. And it’s sorely needed.

How Will Blockchain Tech Impact Healthcare Investors? 0 180

Amazon, Berkshire Hathaway, and JPMorgan Chase, three economic juggernauts, announced they’re teaming up to tackle healthcare, a sector of the economy that’s proven elusive for presidents and private-sector reform efforts alike.

Amazon CEO Jeff Bezos weighed in on healthcare costs, commenting that “reducing health care’s burden on the economy while improving outcomes for employees and their families would be worth the effort.”

No question, Bezos is right. But radical reform in the U.S. healthcare system might not come from these massive, centralized global players. Instead, the world’s newest transformative technology could hold the answers and affect stock prices across the board in one of the tallest pillars of the economy.

Blockchain in healthcare, blockchain everywhere?

A 2016 Deloitte study offered up that “Blockchain technology has the potential to transform health care, placing the patient at the center of the healthcare ecosystem and increasing the security, privacy, and interoperability of health data.”

Blockchain, which creates a decentralized, autonomous network of trust to share and record information, offers myriad benefits for both patients and care providers: a secure exchange of information without intermediaries, lower costs, secure patient identities, ease of sharing real-times updates across parties; smart contracts; and secure longitudinal health data for each patient.

As Bezos, Warren Buffett, and Jaime Diamond know, the healthcare market is massive, offering a significant opportunity for emerging companies to reduce costs, improve care, and deliver better outcomes for patients. Right now, healthcare in the United States comprises 17% of annual GDP with an aging population providing a consistent tailwind.

The Healthcare Information and Management Systems Society (HIMSS) says there is “massive untapped potential” to change the healthcare sector for the better through blockchain technology. For one, Blockchain tech can secure HIPAA-compliant data sharing across networks. A number of use cases have cropped up as a result. In a comment on the opportunity tech reporter Mike Butcher said illustratively that a blockchain record could “follow you around so you could avoid yet another dose of radiation because your record said you’d already had 50 head X-rays.” Moreover a raft of applications emerged between smart contracts, data tokenization, and blockchain combinations with AI and machine learning.

Blockchain smart contracts will automate transactions and reduce inefficiency,” says entrepreneur Adryenne Ashley. “Using smart contracts to track disease, cause and effect, treatment and results will be critical to learning and understanding how each patient responds.” Having that data automatically written to the blockchain eliminates delay in data analysis and creates a bridge between practitioners and researchers, leading to cures.

Blockchain companies with tokens will introduce new commerce and incentive systems. And combining blockchain technology with advancements in AI and machine learning will provide new insights and further improve care. In 2018, several new blockchain startups are launching across various areas in healthcare, representing some of the best applications of the technology to accomplish those goals.

Big Medicine taps into data

The fragmented, inaccessible nature of current electronic medical record systems alone millions. John Halamka, the chief information officer at Beth Israel Deaconess Medical Center in Boston, developed a secure-data exchange, MedRed, and advises another blockchain company, Simply Vital Health, as it builds a platform to streamline healthcare data management and reduce the costs of bundled payments. In the Harvard Business Review, Halamka wrote that blockchain protocol can “standardize secure data exchange in a less burdensome way than previous approaches.”

The rest of the healthcare industry is following Halamka’s lead. 16% of healthcare executives surveyed by IBM have “solid plans” to implement a commercial blockchain solution this year, with 56% planning to do so by 2020.

Supply chain

IBM, one of the corporate behemoths investing in blockchain technology, sees supply chain management as one of the key areas where blockchain can make an immediate improvement. The technology will enable “more secure and transparent monitoring of transactions” which will reduce time, cost, and human error.

Gem, one of the early companies to watch in this space, has a supply chain management software platform that “boosts the ‘collective intelligence,’ or Data IQ, from previously siloed data” allowing organizations to increase efficiency, accuracy, and speed of supply chain transactions. ShipChain, too, backed by DHL’s former CEO, launched its platform to tidy up the fractured transportation and shipping industry including medical freight and hazardous materials.

Tackling fraud

A favorite target among the federal enforcement crowd–myself included–Blockchain technology could also tackle the massive amount of fraud in the healthcare market. A 2012 study by the Centres for Medicare and Medicaid Services and the RAND Corporation estimated that fraud accounted for $98 billion of total Medicare and Medicaid spending and up to $272 billion across the entire U.S. healthcare system. Through secure, immutable records, blockchain ledgers could be one of the best tools to cut down of fraud, from false reimbursements to theft of patient records to gain access to prescription drugs.

What’s in store for 2018

The story of 2017 was the meteoric rise of cryptocurrencies with plenty of bearishness coming from marquee investors. That said even after a big correction, the biggest cryptocurrencies are up thousands of percentage points over the last twelve months. The bigger story is unfolding away from volatility, as blockchain companies look to solve big problems in healthcare. Rest assured that from an investment perspective the likes of Buffett and Bezos will take notice.

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