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The End of Banks With Blockchain Supported Wallet: Ethereum co-creator

Following the creation of the blockchain hub for decentralized projects – Decentral, Anthony Di Iorio – co-founder of Ethereum, discussed how digital wallets that are blockchain supported could be the end for banks as you can be your own bank.

The CEO of Decentral continued – for MarketWatch

“In the digital-currency space a wallet is used to manage and move value, so the wallet is needed to send or receive from one person to another – let that be globally instantly but without the need of third parties.”

The third parties like intermediaries or banks in this case, according to Di Iorio, are not going to have the power to control the value exchange. He strongly believes that the blockchain technology will have a yet-to-be-seen impact but a very strong one in different sectors. For example, cash to be used in the internet what Bitcoin and many others represent.

“It is going to have a greater impact than what the internet could do.”

He compared the wallet platform he created with the internet. As we – the user – use the browser to move, control and transfer data through the internet, that what the wallet represents for us when it comes to assets.

What makes it the best is that when it comes to networks and data, centralized saved information is being attacked very often lately and there is not much to do about it.

However, as the digital wallet is backed by blockchain decentralized technology, the data is spread out very much and it would be more less likely to be a victim of the same scale attack.

“It gives you the ability to be your own bank.”

On the same thought-path is Jeffrey Wernick who strongly believes in Bitcoin and cryptocurrencies as it comes with the ability to solve the biggest problems that fiat money deal with.

Jaxx

Ethereum (ETH) co-founder Anthony Di Lorio – launched Jaxx Liberty digital wallet app. It is developed for the sole reason to make digital currencies easier to be accessed by the masses. Decentral – Toronto based multi-coin platform announced the launch of the wallet.

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Blockchain Powered AI Doctors to Revolutionize Medicine

Doc.ai is hoping to revolutionize the medical industry by bringing AI doctors to all through their smartphones. Using Blockchain technology, the platform will be able to collect masses of medical data globally and generate insights from that information.

Furthermore, through machine learning, the data collected will be analyzed and processed in order to provide personalized feedback to users about their own medical issues.

Intersection of AI and Blockchain technology

Doc.ai’s platform aims to provide users with the ability to essentially call on a doctor in their pocket. However, because medical practitioners are in short supply, difficult to access and expensive, this company is looking at powerful technologies rather than humans.

The intermingling of the burgeoning technology of Artificial Intelligence and equally revolutionary Blockchain has seen Doc.ai’s team propose their platform can answer personal medical questions – from masses of data collected – at a touch of a button.

“We are making it possible for lab tests to converse directly with patients by leveraging advanced artificial intelligence, medical data forensics, and the decentralized Blockchain. We envision extensive possibilities for the use of this technology by doctors, patients and medical institutions,” comments Walter De Brouwer, founder and chief executive officer of doc.ai.

The details of this platform may sound a lot like science fiction, but it is essentially the manipulation of data which is analyzed by machine learning, to provide medical answers.

Doc.ai’s AI technology is designed to use a decentralized, edge-learning network to develop insights based on personal data. An edge-learning network performs deep learning computations at the edge of the network or on a mobile device.

Solving the healthcare problem

It is plain to see that global healthcare is not in a good state. In fact, according to the World Health Organization, there is a shortage of over seven million physicians, nurses and other healthcare professionals worldwide, and the gap is widening.

Doc.ai’s platform could have world-changing repercussions as patients with certain illnesses, or chronic problems can keep on top of their health concerns by utilizing AI doctors on their smartphones.

Questions such as “What should be my optimal Ferritin value based on my iron storage deficiency?” or “How can I decrease my cholesterol in the next three weeks?” can all be answered and additional context given.

This is done through insights gathered from personal medical data along The Neuron Network, which is their decentralized Blockchain.

Incentivized learning

Doc.ai will leverage the Blockchain in order to allow anyone to connect to the network and train their own AI. On this Neuron Network tokens will be used to incentivize, and provide data along it. Users will be rewarded as they train their AI, and furthermore, with these tokens, users can broadcast a competition on the network and create a prize for data scientists.

When these succeed in building a prediction model that provides unique insights into the proposed personal quantified biology profile, the prize will be won through a smart contract.

Investor support

Pantera Capital and Anthony Di Iorio are among the early investors into Doc.ai, and Joey Krug, Pantera’s Co-CIO serves as an advisor to the company. Anthony Di Iorio is especially appreciative of the potential of the project, commenting “I am amazed by the potential that doc.ai technology has for millions of people all over the world and possible network effects of the NRN token.”

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.