M3taHealth News
  • Home
  • Healthcare
  • Cryptocurrency
  • NFTs
  • Blockchain
  • Web 3.0
  • VR
  • Finances
  • Legislation

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Cool Cats Rebrands to Recapture its Early Glory

February 3, 2023

Steve Aoki and Seth Green Partner with Shibuya.xyz

February 3, 2023

Dungeons & Dragons Changes NFT Policy

February 3, 2023
Facebook Twitter Instagram
Saturday, February 4
Facebook Twitter Instagram
M3taHealth News
  • Home
  • Healthcare

    Organizing and Catalyzing the Cannabis Industry

    April 9, 2022

    KitChain – Collaborative Model for Pharmaceutical Clinical Supply Chains

    April 9, 2022

    MediBloc – Building a Patient-Centric Healthcare Data Platform

    April 8, 2022

    The Launch of WELL’s Web Platform

    April 3, 2022

    Supply Chain and Blockchain: The Future of Pharmacy

    April 3, 2022
  • Cryptocurrency

    Bottom Fishing: 2 Big Yields For February

    February 2, 2023

    Top 5 blockchain projects in the healthcare sector to follow in 2023 – Cryptopolitan

    February 2, 2023

    ‘Retirees, grandmothers, lower-income folks’ have been hurt by crypto

    February 1, 2023

    Blockchain Technology in Healthcare Market Report 2023: Viability for Secure Data Storage and Exchange Boosts Adoption

    February 1, 2023

    Nuvei CEO: Paya Bid Taps on Payment Opportunity

    February 1, 2023
  • NFTs

    Cool Cats Rebrands to Recapture its Early Glory

    February 3, 2023

    Steve Aoki and Seth Green Partner with Shibuya.xyz

    February 3, 2023

    Dungeons & Dragons Changes NFT Policy

    February 3, 2023

    Blankos Block Party Drops February Bizaarnival

    February 3, 2023

    Immutable X All-Access Immutable Gaming Passport

    February 2, 2023
  • Blockchain

    OriginTrail – Improving Transparency for Organic Meat Farmers

    April 9, 2022

    PotCoin – How it’s Filling the Yawning Gap in the Cannabis Industry

    April 9, 2022

    Proposing an Open Interoperable Data Standard Solution

    April 8, 2022

    Akiri leveraging blockchain to create trust for sharing healthcare data

    April 3, 2022

    VitalHub Bockchain Healthcare Solution Provider for Mental Health

    April 3, 2022
  • Web 3.0

    BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations

    February 2, 2023

    The 10 most promising tools for Web 3.0 development

    February 2, 2023

    Hitachi to Strengthen Business Structure to Accelerate Growth through Digital, Green, and Innovation

    February 2, 2023

    Regulatory Clarity, Adoption, and Other Expectations of the Crypto Industry In 2023  » CryptoNinjas

    February 2, 2023

    Wormhole Picked as Uniswap’s Governance Bridge to BNB Chain

    February 1, 2023
  • VR

    Meta’s Stock Soars, Samsung’s New XR Partnership, Prisms VR Math App Raises $12 Million

    February 2, 2023

    Hands-on with Gran Turismo 7’s free PS VR2 update, out February 22 – PlayStation.Blog

    February 2, 2023

    Unilumin, Megapixel VR and Userful Certify Advanced AV and LED Solutions for the Enterprise

    February 2, 2023

    Researchers Have Uncovered New Functions of the “Ancient Brain”

    February 2, 2023

    Samsung partners with Google & Qualcomm for mixed reality

    February 1, 2023
  • Finances

    Explaining legal challenges to Biden’s student loan forgiveness plan

    February 2, 2023

    What Kansas, Lance Leipold prioritized in 2023 signing class

    February 2, 2023

    BlackRock launches ETF savings plans in Europe | ETF Strategy

    February 2, 2023

    Why 2022 was the ‘real year’ of the Great Resignation

    February 1, 2023

    ADP jobs report January 2022:

    February 1, 2023
  • Legislation

    What is the George Floyd Justice in Policing Act?

    February 2, 2023

    16 bills proposed to make adoption and child care easier in Tennessee

    February 2, 2023

    Tacoma City Council votes to support drug possession legislation reform

    February 2, 2023

    Lawmakers again propose allowing Milwaukee to install red light cameras to target reckless driving

    February 2, 2023

    Mass. lawmakers refile legislation to expand non-English language state resources

    February 1, 2023
M3taHealth News
You are at:Home»Blockchain»Proposing an Open Interoperable Data Standard Solution
Blockchain

Proposing an Open Interoperable Data Standard Solution

adminBy adminApril 8, 2022No Comments7 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
secure-shipping-and-tracking.jpg
Share
Facebook Twitter Pinterest WhatsApp Email
Modum blockchain solution concept-Logistics industry that ensures the shipment and tracking of sensitive medicines.

Modum, a small Swiss start-up in 2016, Developed a successful blockchain-based solution Respond to new regulatory requirements placed on EU pharmaceutical companies. This can only be met by quality controlled, digitally monitored and secure logistics for shipping and tracking sensitive products, especially temperature sensitive products.

The first impetus for innovation by Modum was the complex and rigorous new EU “Good Distribution Practices” issued by the EU Commission in March 2013. These require accurate and timely reporting of compliance, as well as reliable monitoring of the drug, including uninterrupted temperature control.

The GDP quality system Dedicated drug warehouses and distribution centers require drug distributors to meet World Health Organization standards for safety and security. All EU pharmaceutical companies and their logistics partners must comply.

Specifically, we need to implement a consistent quality management system throughout the supply chain, from the first shipment of materials to the manufacturing plant to the final shipment of medicines to end users.

Blockchain and IoT technology work together

To meet that challenge to pharmaceutical companies, Modum Blockchain Technology for creating immutability ledger Use Internet of Things (IoT) technology to track, monitor, protect, and receive steps to digitize all products, packages, transports, and other physical components to a blockchain-based platform. increase.

Modum started by working with client companies, including Swiss Post. They applied that element of technology to the logistics needs of medicines, other medicines, and fresh foods. However, by 2018, the company had created and sold a product called Modsense. This product can be purchased, installed, modified and customized by the company with the available components.

Modum is now selling this product, working with companies to apply it to their unique needs and integrate it into other systems, “from manufacturer to patient, and in real time!”

“Interoperability” and “Siloed Blockchain”

Modum identifies its distinct added value as “interoperability”.Distributed ledger “Technology” (a term that seems to be preferred over “blockchain”) is “siled” and is increasingly limited by the lack of interaction. In effect, Modum defines an important “next step” in blockchain technology (or DLT) as challenging siled structures for the following reasons:

  • System semantics are often incompatible between different Distributed ledger technology.
  • Also, because of the different data structures, exchanging data between distributed ledger technologies is not easy.
  • Protocols vary from network to network and are not compatible between DL technologies.
  • The trust model is not always verifiable between DL technologies.
  • Unified governance requires all members to have access to the same access control, rollback, upgrade support, and audit and regulatory support.

Correspondingly, Modum Advocating an open and interoperable data standard solution.. Purchasing a MODsense platform and system automatically provides this shared data standard across all component organizations along the logistics supply chain. In the MODsense flowchart, this is called an “interchain network” with an “interchain router”.

MODsense focused on temperature monitoring in quality-sensitive supply chains, an important shared data standard. It emphasizes reliable and scalable monitoring of temperature and its ease.

Access to the global market

MOD sense platform

Designed and then refined, MODsense focuses on the challenges of final-stage logistics. It monitors high volume shipments and compatibility with enterprise resource planning (ERP) software that companies may use for finance, supply chain, other operations, manufacturing, and HR activities. Other systems for warehousing and tracking solutions can be integrated with MODsense.

Companies can program quality requirements (especially GDP regulations) into MODsense. MODsense authenticates temperature and other data that is immutable, securely managed, and easily accessible in mobile apps on the blockchain. Modum started with a focus on drug distribution, but has moved to healthcare applications such as pharmaceuticals, vaccines, clinical trials and perishables.

In operation, MODsense contains 5 steps.

  1. The company sets specific criteria for shipping. This may include temperature alarms and logger parameters. If the logger is paired with the cargo, you do not need to manually program the logger.
  2. Pair the MOD sense logger with its shipment. The MODsense dashboard will generate a barcode for each shipping item. Each parcel is bar coded and labeled. The logger is activated with a single tap and starts monitoring the temperature.
  3. Collect data along the entire delivery route. The logger is equipped with tamper-evident technology, and if the logger’s private key is compromised, the smart contract will refuse to fulfill the contract.
  4. Read the logger and return the data to the blockchain platform. Upon receipt of the cargo, the ship is scanned, the information verified and stored on the blockchain. Not only does the shipper not need to open the package, but it also does not need to know that a read is being performed, which enhances secure delivery.
  5. Once the shipment is received, the data is immediately available anywhere on the MODsense dashboard. The quality control team receives emails or messages about temperature deviations and other issues. MODsense can generate reports to meet records management obligations and demonstrate compliance.

Technology components

There are five MODsense components, including apps, to manage and monitor your logistics operations.

  • MODsense T [temperature] The logger is wireless and has Bluetooth and NFC. Logger isn’t a new technology, it’s now portable and the size of a small cell phone. There are many brands. NFC is “near field communication” between two electronic devices.
  • The MODsense dashboard monitors the recording of data and sets the configuration in the web app.
  • The MODsense Desktop APP works via Bluetooth, NFC pads, and barcode scanners.
  • The MODsense mobile app uses Bluetooth to activate and read the logger.
  • The blockchain protocol layer is Ethereum.. The consensus method is proof of stake.

Summarizing the completed digitization project, Modum describes these solutions as linking the world of physical merchandise distribution with the digital world of shipping data and related financial transactions.

Early on, Modum worked with Swiss Post to create a thermos monitoring solution. Swiss Post is currently one of Modum’s permanent partners. Other early clients offering Modum recommendations include Zur Rose Suisse AG, Chemgineering (warehouse design for delicate goods), and Puregene AG (shipping cannabis seedlings).

MOD sense is ready to use. Companies in Europe, Asia and South America are starting to hire.

MOD token

MODsense uses token modding with standard ERC20. The token function is voting.This is strictly limited Cryptocurrency.. Basically, each mod in circulation gives you the right to cast one vote. The token holder decides or votes whether Modum has achieved a predefined milestone. The complexity of terms such as locked coins, sharing profits with Modum, converting mods to Ether, and smart contracts on the distribution of profits to Ether token holders makes this token an investment or speculation so far. A vehicle that strongly suggests no. However, recently it has been trading on IDEX for about $ 0.18.

Roambee’s acquisition of Modum

August 2, 2021, Silicon Valley Company, RoambeeAnnounced the acquisition of Modum. Modum supported the combination. Both companies are in the supply chain arena, but their approaches are different. Roambee focuses on global distribution and logistics in the less regulated non-pharmaceutical sector.The combination seems to give Modum Access to global markets and distribution systems And it gives Roambee validity when dealing with sensitive products. A non-detailed proposal that the new company may focus on “construction”.

To date, Modum’s marketing has been blockchain and IoT adapted to the highly regulated handling of sensitive medicines. It seems to have provided a solution to the updated, demanding new GDP guidelines.

Final idea

Modum’s broad claim to provide solutions to interoperability challenges ensures that it addresses the issues that are widely identified on the blockchain. But it’s also a problem being addressed by other companies.Recent business reviews Blockchain Healthcare Review At least in part, we’ve focused on companies built on interoperability.An example is Medibloc The solution to the lack of interoperability of medical centers that maintain medical records for completely independent patients.the other one is PotCoin, Became a banker in the cannabis industry. Both pursue essentially siled business interoperability and leverage it by leveraging the lack of security, trust, immutable ledgers, and the need for “trusted authority” inherent in blockchain. It will be realized.

data Interoperable Open Proposing Solution Standard
admin
  • Website

Related Posts

Blockchain Technology in Healthcare Market Report 2023: Viability for Secure Data Storage and Exchange Boosts Adoption

By adminFebruary 1, 2023

Advocates proposing new legislation to protect Alpine horses

By adminJanuary 28, 2023

Galderma Announces the Launch of FACE by Galderma™ – a Game-Changing Augmented Reality Solution Helping Healthcare Professionals Grow Their Activity and Improve Patient Satisfaction

By adminJanuary 26, 2023

Blockchain Developers Urge Congress – Be Bold About Data Privacy and Security | Polsinelli

By adminJanuary 25, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Cool Cats Rebrands to Recapture its Early Glory

By adminFebruary 3, 2023

when cool cat Coming out in late 2021, the project was one of the hottest…

Steve Aoki and Seth Green Partner with Shibuya.xyz

February 3, 2023

Dungeons & Dragons Changes NFT Policy

February 3, 2023

Blankos Block Party Drops February Bizaarnival

February 3, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Cryptocurrency

Bottom Fishing: 2 Big Yields For February

By adminFebruary 2, 2023

Top 5 blockchain projects in the healthcare sector to follow in 2023 – Cryptopolitan

By adminFebruary 2, 2023

‘Retirees, grandmothers, lower-income folks’ have been hurt by crypto

By adminFebruary 1, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

M3taHealth News
Facebook Twitter Instagram LinkedIn Discord
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
© 2023 Meta Health. All Rights Reserved

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 23,427.28
ethereum
Ethereum (ETH) $ 1,663.04
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 332.67
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.410692
binance-usd
Binance USD (BUSD) $ 0.999350
cardano
Cardano (ADA) $ 0.402253
dogecoin
Dogecoin (DOGE) $ 0.094177
matic-network
Polygon (MATIC) $ 1.24