Uber Health & Blockchain Firm Partner For Patient Transit

Uber Health & Blockchain Firm Partner For Patient Transit
July 11, 2019


The cryptocurrency market has entered into a correction mode in the past 24 hours after Bitcoin (BTC) failed to break above 13,250, which is now turning into a major resistance level. Profit booking may also be the reason for the weakness in Bitcoin, which has lost over 7.8% in the past 24 hours to trade at $11,984. Ethereum (ETH) has broken below the psychological level of $300 to trade at $286.22, reflecting a decline of 8.6% in the past day. Likewise, Ripple (XRP) has lost 8.7% to trade at $0.3620. In fact, none of the top twenty cryptos by market cap are trading in the positive territory. Other major altcoins which have lost considerably in the 24 hours include Bitcoin Cash (BCH – $383.64, -8.9%), Litecoin (LTC – $106.46, -11.1%), EOS (EOS – $5.21, -11.7%), Binance Coin (BNB – $31.29, -3.7%), Cardano (ADA – $0.0717, -7.1%), Stellar (XLM – $0.0955, -5.4%), TRON (TRX – $0.0317, -7%) and Monero (XMR – $94.22, 6.1%).


Government level initiatives

European Blockchain presidency to be shared by Italy, Czech, and Sweden

The President post of the European Blockchain partnership will be shared by Italy, the Czech Republic, and Sweden together. The President post is for one year, from July 2019 to July 2020. The decision was taken at a meeting of the European Blockchain Partnership in Brussels.

Marco Bellezza, Legal Advisor to Minister Di Maio for communications and digital innovation and Coordinator of the Italian delegation of the EU Blockchain Partnership, commented on the President post as follows: “The Italian Presidency of the EU Blockchain partnership is a first acknowledgment of the activity carried out on this front on the impulse of the Minister Luigi Di Maio, with a view to giving Italy a leadership role in the European projects on Blockchain. This is a unique opportunity to further promote the knowledge and use of this technology for the benefit of citizens and businesses by strengthening cooperation within the EU.”

Last September, Italy joined the European Blockchain Partnership, which was promoted by the European Commission five months before as a “vehicle for cooperation amongst Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide [blockchain] applications across the Digital Single Market for the benefit of the public and private sectors.”

In February, the Italian House of Representatives cleared a bill defining distributed ledger technologies (DLTs) such as blockchain. At that time, Maria Laura Mantovani, a member of the Italian Parliament in the Movimento 5 Stelle party, Italy, stated that blockchain technology would ensure online voting trustworthy.


Forked Assets bill which focuses on Safe Harbor is once again tabled

US Congressman Tom Emmer has once again tabled his Forked Assets bill that focuses on Safe Harbor for taxpayers. Based on the date specified in the record, the re-launched variant of the bill seems to have been tabled on July 3rd. In 2018, Emmer suggested Forked Assets bill as a way of simplifying tax legislation on properties retained on hard-forked blockchains.

Initiating a hard fork splits a blockchain into two, with one of them following the direction of the original covenant while the other with different features taking up a new direction. There will be no compatibility between the new blockchain and the original blockchain. So, the new blockchain will not recognize transactions that took place in the original chain.

Emmer supposedly tabled the bill to encourage the adoption of blockchain in the US by minimizing the complexity related to cryptocurrency and blockchain related laws. Emmer has stated that “taxpayers can only comply with the law when the law is clear.”

Notably, The Safe Harbor bill is not aimed to wipe out taxes on assets held on a hard forked blockchain. On the contrary, the bill intends to offer a safe harbor to investors who don’t accurately provide details of a hard fork while calculating their tax obligations.


Private sector initiatives

Solve.Care collaborate with Uber Health for patient transit

Solve.Care, a blockchain startup focusing on healthcare, has collaborated with Uber Health for patient transit. Uber Health’s transportation facility will be incorporated into Solve.Care’s personal healthcare coordination and management app Care.Wallet. Using the app, patients will be able to fix a Uber Health journey, which conforms to the Health Insurance Portability and Accountability Act of 1996.

Additionally, patients will be able to use Care.Wallet to pay for the service and even share the expenses with family members, insurers, employers and other pertinent people.

Regarding the partnership, Uber Health head Dan Trigub said: “Every year, an estimated 3.6 million Americans miss their medical appointments due to a lack of reliable transportation, with the cost of missed primary care appointments estimated at US$150 billion annually. At Uber Health, we are always looking for ways to ensure that transportation is not a barrier to care.”


LG submits an application for ThinQ Wallet

South Korea’s LG has submitted a Trademark application for its “ThinQ Wallet” to the United States Patent and Trademark Office (USPTO) on July 2nd. The submitted documents indicate that the trademark has been requested for services related to transaction and settlement facilities, mobile banking, and “payment application software for mobile phones,” among others. ThinQ is actually the brand name of small refrigerator launched by the company in 2011. Following its success, the company launched several smartphones under the same brand name.

The trademark can be construed as an attempt by LG to compete with Samsung. In May, there were reports that Samsung is planning to launch crypto and blockchain features, including cryptocurrency wallet, in its budget mobiles.

Disclaimer: Any financial trading analysis offered here is our opinion and is not intended as advice or direction for investors. We cannot guarantee the success of any trades made as a consequence of this article, and we encourage traders to incorporate a strong money management strategy to limit losses when they enter the markets. Please use this article as part of your own research before formulating strategies prior to trading.

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world

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