South Korean Hospital to Create Blockchain Medical Data Management Platform

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Blockchain medical tech startups Longenesis and Insilico Medicine and South Korean hospital Gil Medical Center will jointly create a blockchain-based health data management solution.

Blockchain-powered medical data marketplace Longenesis and biotechnology company Insilico Medicine have entered into an agreement with South Korean hospital Gil Medical Center to create a blockchain-based health data management solution. The development was announced in a press release published on April 23.

As part of the collaboration, the parties intend to develop a blockchain-powered platform based on Bitfury’s Exonum blockchain framework to increase the efficiency of data collection, boost medical research processes and ensure transparent management of patient consent.

Longenesis will reportedly provide a secure ecosystem for Gil Medical Center to upload, store and manage patients’ private data, allowing patients to control and access their data as well. The platform also aims to address compliance with the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) regulations as the hospital also provides services to foreigners.

Earlier in April, Bitfury and Longenesis jointly launched production of a blockchain-based consent management system for the healthcare industry that addresses compliance with GDPR and HIPAA.

In mid-March, another major hospital in South Korea’s capital city of Seoul, Seoul Medical Center, announced plans to launch a blockchain-based platform aimed to improve its medical services. The project dubbed “Smart Hospital” aims to boost data accuracy and reduce processing timing for the aforementioned hospital.

As reported in February, in order to promote the country’s blockchain projects, the Seoul Metropolitan Government revealed the establishment of the “Seoul Innovation Growth Fund,” with the goal to invest more than $1 billion in blockchain and fintech startups by 2022.

Original source: https://cointelegraph.com/news/south-korean-hospital-to-create-blockchain-medical-data-management-platform

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Coinbase Files to Close Its Political Action Committee

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U.S. crypto exchange Coibnase has filed to close down its political action committee.

Major United States-based cryptocurrency exchange Coinbase has filed to close its political action committee (PAC) on April 3.

According to a filing with the Federal Election Commission (FEC) — the regulatory agency in charge of enforcing election laws — Coinbase’s PAC received no funds nor made any disbursements, and is seeking to terminate the PAC.

Per FEC regulations, a PAC must file a termination report in order to cease operations once it no longer intends to make or receive contributions or expenditures.  

In the U.S., PACs are independent organizations, often representing different business, labor, or policy interests, that collect and donate money to political campaigns for or against candidates, legislation, or ballot initiatives.

Following the 2010 Supreme Court case of Citizens United v. FEC, PACs became the subject of some controversy and criticism, as some see them as means for corporate or union donors to put their thumbs on the electoral scale. PACs are forbidden from coordinating directly with the campaigns they support, but in some cases, coordination has occurred.

Coinbase formed its PAC in July of last year, and in September, it became a founding member of the Blockchain Association. The Blockchain Association is purportedly the first lobby group in Washington D.C. to exclusively represent the interests of the blockchain industry. Other members of the lobby group include technology startup Protocol Labs, as well as the Digital Currency Group and Polychain Capital.

Original source: https://cointelegraph.com/news/coinbase-files-to-close-its-political-action-committee

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