Blockchain Healthcare Firm Wins US National Science Foundation Grant
SimplyVital will allocate the grant to research and development into integration of the Graphene protocol into its blockchain protocol, Nexus, which touts compatibility with the Health Insurance Portability and Accountability Act. The Graphene protocol is designed to reduce bandwidth to distribute blocks to other nodes in order to improve blockchain performance and cut its costs at the same time.
Specifically, the company is looking to find a way to reduce healthcare costs by enabling data access through blockchain technology.
Devcon Shows Ethereum’s ‘World Computer’ Is a Movement, Not a Product
If there’s anywhere in the world where it feels right to believe in magic, it’s Devcon 5 in Osaka, Japan.
The ethereum community faces a daunting task: scale its blockchain ecosystem to securely support the growing demand for mainstream use cases. Thousands of technologists and passionate fans gathered at Devcon this week to grapple with the nitty-gritty, in a venue marked by rainbow signage. Among them sat 16-year-old Shawki Sukkar, a self-taught developer from Aleppo, Syria.
“I’m searching wherever I find an opportunity to learn,” Sukkar, one of the 50 scholarship attendees at Devcon, told CoinDesk. “People look smart here. They have a great mindset.”
Since his father’s factory was destroyed in the Syrian civil war, and his brother’s identity documents were lost along with their source of income, the unbanked Sukkar has taken a keen interest in ethereum-based identity solutions and financial products.
CFTC Chairman Confirms Ether Cryptocurrency Is a Commodity
CFTC Chairman Heath Tarbert has said ether, the world’s second-largest cryptocurrency by market capitalization, is a commodity.
Speaking at the Yahoo! Finance All Markets Summit Thursday, Tarbert said he believes ether is not a security.
“We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether – until now,” Tarbert said. “It is my view as chairman of the CFTC that ether is a commodity.”
Tarbert continued to say the CFTC is working with the SEC on the two cryptocurrencies and have agreed both are not securities. Going forward, the CFTC may allow ether futures to trade on U.S. markets, he suggested.
In May, a senior CFTC official told CoinDesk the agency was ready to approve an ethereum futures contract if it met the correct conditions.
Concerning currencies created by hard forks, Tarbert argued the CFTC’s treatment of each new coin should depend on its creation.