One of the tracks at the Wales Tech Week on July 14 was “Applications of Blockchain: Data and Beyond,” featuring speakers including EHR Data senior architect and consultant Ron Austring and Twetch CEO Josh Petty.
A global electronic healthcare record
EHR Data is a health care platform that many people have been looking forward to since the EHR Data team spoke at CoinGeek London. During his Wales Tech Week presentation, Austring walked the audience through how EHR data will be using the Bitcoin blockchain.
A few of EHR Data’s goals are to put patients in control of their healthcare data and to create a proof-of-concept that uses the Bitcoin blockchain to mitigate the impact of the opioid crisis.
Austring explored a few of the reasons why the opioid crisis exists and persists in America, explaining how data regarding a patient’s opioid prescriptions are kept in multiple data silos that are not integrated and do not interact with each other and how that contributes to the opioid crisis. Afterward, Austring explained how Bitcoin provides a solution to this problem.
EHR Data plans to use the Bitcoin blockchain to consolidate data silos, give patients ownership of their data, and give patients loyalty rewards for permitting others to use their data. It will initially pilot this solution at a pharmacy in Missouri. If all is well, the importance of having a single source of data will be proved through this pilot. EHR Data’s vision is to be the company that is processing all prescriptions and doing it via the Bitcoin blockchain.
The future of social media
After Austring presented, Twetch CEO Josh Petty took the virtual stage to talk about what social media networks might look like in the future.
“The internet today feels like a big scam,” said Petty, who went on to explain how consumers (me and you) participate on social media networks like Facebook for free, generate revenue for the tech giant, yet, never see a percentage of the profit that we helped Facebook create.
— Twetch (@twetchapp) July 14, 2020
That being said, the social media networks of the future are going to look different. Social media networks are going to have to have new incentive models, especially as consumers wise up in regards to how they are being exploited by tech giants like Google, Facebook, and Twitter.
The incentive models that social media networks of the future have are going to incorporate elements that we already see in Petty’s Bitcoin-based social media network Twetch. On Twetch, users own their content and profit off of the information they post, as well as their following.
On Twetch, users get paid when they receive a new follower as well as when other users like and share their posts. But that is just the tip of the iceberg; Twetch has a variety of inherent features that traditional social media platforms do not have. For instance because of Twetch’s pay-to-play model, and because it uses Bitcoin microtransactions, is non-custodial, and archives data by default, just using Twetch will serve as a deterrent to:
Petty closed out his presentation by recommending the audience check out Twetch if they already haven’t, and I recommend you do the same by heading over to Twetch.app and signing up.
Tune in this Thursday for more
The blockchain events at Wales Tech Week will run until July 16. We recommend tuning into the Blockchain for Enterprise event on that day, where Simit Naik, Director of Business Services at nChain, will be speaking to the audience about how nChain sees the enterprise market for blockchain and why blockchain technology is primed for businesses around the world.
You can register for the Blockchain for Enterprise event here, we hope to see you there!
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.