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Drug Discovery Platform Verseon Launches Blockchain-Based Securities Exchange

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Pharmaceutical companies could soon use blockchain for securities trading, Verseon predicts.

U.S. pharmaceutical company Verseon has become the latest medical organization to experiment in blockchain technology, it confirmed in a 보도 자료 Tuesday, September 18.

Verseon’s main product is its proprietary physics-based drug discovery platform. The company was established in 2002 and it now trades on the London Stock Exchange, boasting a market cap 의 £211 million ($277 million).

Part of a growing trend among major pharmaceutical players to leverage blockchain’s data and security benefits, the company’s subsidiary BlockRules will facilitate what it describes as technology which “supports the sale, launch, and trading of securities on a public blockchain.

이, the release explains, “permits fully regulated, secure, and transparent support of securities, including decentralized tradingand will assist other pharmaceuticals players to overhaul their funding and development strategy.

“By democratizing investment access with blockchain technology, we will change the way new medicines and other life-science innovations are funded and how the resulting proceeds are shared,” Verseon CEO Adityo Prakash commented.

The move marks a continuation of the innovation which is ongoing in the wider health industry this year.

As Cointelegraph reported, multiple actors have identified blockchain’s ability to safeguard previously costly and inefficient processes such as supply chains and ensuring drugs are not tampered with.

Individual setups are also appearing beyond big business, such as in Taiwan, where earlier this month one hospital debuted a blockchain record-keeping system for sensitive patient data.

암호화 뉴스 World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection
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World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection
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World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection

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The World Economic Forum has outlined more than 65 blockchain use cases for environmental protection in a recent report.

The World Economic Forum (WEF) foundation has outlined more than 65 blockchain use cases for solving the “most pressingenvironmental challenges, in a 보고서 published September 14.

In the report, titled “Building Block(chain)s for a Better Planet,” 는 Switzerland-based WEF has highlighted a large number of blockchain applications that could be used to help solve the world’s most pressing environmental challenges.

The proposed applications, according to the WEF, can enhance the environment protection efforts in several ways, such as new financing models for environmental outcomes, the realization of non-financial value and natural capital, outlining more efficient and cleaner decentralized systems, and others.

In addition to the potential for improving existing processes, the report also mentions the possibility of introducing completely new blockchain solutionsso-called “game changers” – that are expected to completely transform the way major environmental issues are managed.

These “game changersinclude “see throughsupply chains, decentralized energy and water management systems, sustainable fundraising sources, carbon markets, and others.

According to the report, the next important step in introducing blockchain applications for environmental protection is the establishment a “responsibleand “globalblockchain ecosystem, as opposed to funding specific, separate projects.

In conclusion, the WEF also pinpointed the problem of excessive use of blockchain caused by the hype around the industry.

To solve this issue, the organization has suggested three major questions to be considered as a starting point for any blockchain-related initiative: can the technology solve a specific problem, can the risks of unintended consequences be managed acceptably, and whether a functioning ecosystem of stakeholders is available.

On September 13, the WEF published a joint report that has estimated that the distributed ledger technology (DLT) could add $1 trillion to the volume of global trade over the next ten years. The report also argued that the embracement of the technology by major governments, including the member-states of the European Union, is “unavoidable.

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