Day: November 23, 2022

How Are Businesses Using Blockchain To Revolutionize Their Industries

To put it simply, it is a computerized ledger of all crypto currency transactions. It keeps growing as more recordings are added to “completed” blocks. Each block has a timestamp, a cryptographic hash of the previous one, and transaction data. Bitcoin nodes use the blockchain to distinguish between legitimate transactions and attempts to respond to previously spent currency.

Blockchain technology was invented in 2008 by Satoshi Nakamoto, a mysterious individual or group. Blockchains are distributed public ledgers where network nodes record and cryptographically validate transactions. In 2009, the cryptocurrency bitcoin was developed as a blockchain application.

There are many places where you can learn about blockchain technology. One excellent resource is cryptowhale. This website provides comprehensive information about blockchain technology and how businesses use it to revolutionize their industries.

Businesses Using Blockchain To Revolutionize Industries

Blockchain is becoming increasingly popular among businesses of all sizes and industries. Its advantages are many, including increased security, transparency, and efficiency. As a result, businesses are finding new and innovative ways to use blockchain to revolutionize their industries.

One example is the food industry. The global food supply chain is notoriously complex, with many participants involved in bringing food from farm to table. This complexity leads to a high vulnerability to contamination, spoilage, and fraud. Blockchain could help solve these problems by providing a secure and transparent record of the food supply chain. This would let consumers know where their food comes from and how it was produced. It would also help reduce the incidence of foodborne illness and fraud.

Another example is the financial industry. Blockchain has the potential to revolutionize the way financial transactions are processed. By creating a secure and tamper-proof record of all transactions, blockchain could help reduce the risk of fraud and theft. It could also speed up the settlement of transactions, making it easier for businesses to do business with each other.

Overall, blockchain has the potential to revolutionize many different industries by providing a secure and transparent record of transactions or activities. This could lead to increased efficiency and reduced fraud and corruption. As more businesses adopt blockchain technology, we can expect to see even more amazing innovations in this exciting field.

Future Of Blockchain And Its Impact On Business

A blockchain-distributed database enables safe, open, and unchangeable transactions. Businesses are already starting to apply it in various ways, and it has the potential to change several industries. Here are just a few examples of blockchain implementation:

  1. Supply Chain Management: Blockchain can track goods moving through the supply chain, from manufacturer to retailer. This allows for greater transparency and efficiency and reduces the risk of fraud or product tampering.
  2. Banking and Finance: Blockchain can streamline the banking process and reduce transaction costs. It can also be used to create digital currencies and smart contracts, which could revolutionize the banking industry.
  3. Healthcare: Blockchain can store patient data securely, streamline medical record-keeping, and reduce fraud and error. It could also be used to create a universal healthcare ID system.
  4. Retail: Blockchain can be used to create tamper-proof digital receipts, which could reduce fraud in the retail industry. It could also be used to track inventory and shipping routes.
  5. Real Estate: Blockchain can manage property titles, deeds, and other real estate documentation. It could also be used to create a global real estate database.

The potential applications of blockchain are endless, and its impact on business is only beginning to be felt. In the future, we can expect to see even more businesses adopt blockchain technology to improve efficiency and security.

Study is the first placebo-controlled, randomized clinical trial to study this — ScienceDaily

 

Patients who take statins to lower high cholesterol levels often complain of muscle pains, which can lead them to stop taking the highly effective medication and put them at greater risk of heart attack or stroke.

Some clinicians have recommended vitamin D supplements to ease the muscle aches of patients taking a statin, but a new study from scientists at Northwestern University, Harvard University and Stanford University shows the vitamin appears to have no substantial impact.

The study will be published Nov. 23 in JAMA Cardiology.

Although non-randomized studies have reported vitamin D to be an effective treatment for statin-associated muscle symptoms, the new study, which is the first randomized clinical trial to look at the effect of vitamin D on statin-associated muscle symptoms, was large enough to rule out any important benefits.

In the randomized, double-blind trial, 2,083 participants ingested either 2,000 units of vitamin D supplements daily or a placebo. The study found participants in both categories were equally likely to develop muscle symptoms and discontinue statin therapy.

Over 4.8 years of follow-up, statin-related muscle pain was reported by 31% of the participants assigned vitamin D and 31% assigned a placebo.

“We had high hopes that vitamin D would be effective because in our clinic and across the country, statin-associated muscle symptoms were a major reason why so many patients stopped taking their statin medication,” said senior author Dr. Neil Stone, professor of medicine in cardiology and preventive medicine at Northwestern University Feinberg School of Medicine and a Northwestern Medicine cardiologist. “So, it was very disappointing that vitamin D failed a rigorous test. Nevertheless, it’s important to avoid using ineffective treatments and instead focus on research that can provide an answer.”

Statins and vitamin D supplements are two of the most commonly used medications in American adults. About 30 to 35 million Americans are prescribed statins, and about half of the population aged 60 and older take a vitamin D supplement.

“We took advantage of a large placebo-controlled randomized trial to test whether vitamin D would reduce statin-associated muscle symptoms and help patients keep taking their statins,” said lead study author Dr. Mark Hlatky, a professor of health policy and cardiovascular medicine at Stanford. “The placebo control in the study was important because if people think vitamin D is supposed to reduce their muscle pains, they just might feel better while taking it, even if vitamin D has no specific effect.”

Trial was a sub study within a larger clinical trial

The 2,083 patients were among the larger cohort of participants in the VITamin D and Omega-3 Trial (VITAL), which randomized nearly 26,000 participants to double-blind vitamin D supplementation to determine whether it would prevent cardiovascular disease and cancer. This provided researchers a unique opportunity to test whether vitamin D reduces muscle symptoms among participants who initiated statins during the follow-up period of the larger VITAL trial. The mean age of the study participants was 67, and 51% were women.

“Randomized clinical trials are important because many very good ideas don’t work as well as we had hoped when they are put to the test,” Hlatky said. “Statistical associations do not prove a cause-and-effect relationship. Low levels of vitamin D are associated with many medical problems, but it turns out that giving people vitamin D does not generally fix those problems.”

For patients who report statin-associated muscle pains

Dr. Stone noted that sometimes the secret for understanding patients who have difficulty with statins is analyzing other medications they’re taking, determining whether or not they have associated metabolic or inflammatory conditions, counseling them on their ability to hydrate adequately and, importantly, discussing “pill anxiety.”

“For those who have difficulties with statins, a systematic appraisal by a physician with experience in dealing with these matters is still very important,” Stone said.

The idea for this sub study arose out of conversations between study co-author Dr. Pedro Gonzalez, then a resident at Northwestern Memorial Hospital, and Dr. Stone, who runs a large lipid clinic at Northwestern.

Other authors of the study include JoAnn E. Manson and the VITAL study group at Brigham and Women’s Hospital, Harvard Medical School and the Harvard T. H. Chan School of Public Health.

Getting approval for a financial loan, insurance coverage otherwise home financing are stressful

 

By Lydia Kibet

  • Exactly what a keen Underwriter Try
  • What a keen Underwriter Does
  • Sorts of Underwriters
  • Underwriters compared to. Representatives and Brokers

Your application needs to go through a strict process to verify that the monetary risk the firm is going to grab are well worth giving. This is where an underwriter will come in. Underwriters play the role of gatekeepers to suit your monetary qualities acceptance.

Underwriting is one of the most important services regarding the monetary world, skilled primarily when you look at the insurance policies, loan and you will investment companies. An enthusiastic underwriter evaluates debt health insurance and determines whether or not to just take their package predicated on the quantity of risk.

What’s an enthusiastic Underwriter?

An enthusiastic underwriter is an individual or group that evaluates various other party’s economy and you can assumes the risk at a fee. Constantly, an enthusiastic underwriter gets commission in the form of a paid, fee, otherwise each other a made and commission.

If you are talking about an enthusiastic underwriter, you may be probably applying for approval for the majority types of higher get in just one of multiple marketplace, eg mortgage loans, insurance coverage, fund otherwise security locations. All of the community has its own underwriters who concentrate on specific industries.

These people use the assistance to assess the degree of exposure of each applicant ahead of and if the danger. If your team identifies the risk is actually far rates, the fresh underwriter try held responsible.

Role out-of a keen Underwriter

An underwriter uses the systems to check whether or not the chance they go for about when deciding to take is definitely worth they. According to the particular economic provider you might be seeking recognition for – let’s say a loan – an enthusiastic underwriter often assess yours recommendations just like your credit score to find the superior amounts so you’re able to charges.

The latest part regarding an underwriter was risky. Considering their chance comparison, an enthusiastic underwriter has to assess an acceptable level of exposure so you’re able to see whether you be eligible for recognition or otherwise not.

Sort of Underwriters

As mentioned, for each and every industry possesses its own underwriters one to play an important role from the monetary business. It include the following items.

Insurance coverage Underwriter

Insurance rates underwriters determine and you may analyze the risks in providing acceptance for an agenda. They consider an excellent organizations risk within the guaranteeing a home, vehicle or driver or health and life insurance for individuals. After determining the dangers on it, the brand new underwriter kits an amount energized when it comes to an advanced in return for the chance drawn.

Insurance coverage underwriters are benefits which have certified studies from inside the exposure assessment. They incorporate its assistance to choose if an applicant is eligible having approval or otherwise not. When they determine an enthusiastic applicant’s qualification for the coverage, then they present the sort of rules.

To own outstanding circumstances, an enthusiastic underwriter spends automated application – a computer-made process – to find the level of exposure and whether or not an applicant try qualified to receive the policy in accordance with the insurer’s specific conditions. Insurance coverage underwriters understand the dangers and you can know how to prevent them.

Mortgage Underwriter

Mortgage loan underwriters are the typical type of underwriters, and reasonable. To acquire a house try a risky venture, even though you have a great credit rating otherwise higher earnings. A home loan underwriter can do a thorough research to decide if the chance is down.

Best that you See

A home loan underwriter could possibly get feedback your own personal information, as well as your credit history, credit score, yearly income and you will complete offers to determine your eligibility to possess mortgage mortgage approval. They will certainly as well as measure the possessions you should get.

The new underwriter next uses their exposure review to weighing certain activities of real estate loan software to determine the acceptable number of chance. Your loan underwriter ‘s the latest individual that decides whether or not otherwise perhaps not you could qualify for a mortgage.

Bonds Underwriter

Ties tend to be personal carries and you can personal debt securities, including bonds, which are tradable economic tools that provides control rights to people. Ties underwriters regulate the brand new issuance and you can distribution regarding ties. They often times manage initial social offerings to check the chance and determine a fair price to have particular ties. The fresh underwriting techniques is frequently performed with respect to a possible trader, usually an investment financial.

A financial investment financial buys (underwrites) ties provided from the providers trying IPO and then deal people bonds in the market. This means the fresh issuers of your shelter can raise the fresh full quantity of money they want when you find yourself making this new underwriters good advanced in exchange for their service. Underwriting securities, not, occurs that have dangers – as an example, the newest funding bank is likely for the difference in the first valuation and also the actual rates.

Financing Underwriter

Financial underwriting is one of prominent particular financing underwriting, in which an underwriter analyzes your financial updates to decide if or not you qualify for loan recognition. Included in the acceptance procedure, banks have a tendency to make use of the mortgage underwriter’s human investigations and you can automatic software with her to evaluate the risk of lending.

The loan underwriting processes just assesses the creditworthiness plus the ability to pay off the mortgage but whether your meet all of the conditions of financing system. A loan underwriter fundamentally approves or rejects a loan.

Difference in Underwriters, Representatives and Agents

There can be usually an agent or representative with regards to monetary products. Underwriters will often have the last say, plus they are the ones to decide whether or not you will get recognition or not. Likewise, agencies and you can brokers act as salespersons. They promote products to people and you can enterprises – however, just with new underwriter’s consent.

Latest Get

If you find yourself trying to recognition getting an economic provider, be it home financing, financing or insurance, then you may need an underwriter. An enthusiastic underwriter often determine your current finances to determine the acceptable level of chance according to research by the organizations certain standards. Getting what things to avoid better, talk about the underwriting techniques along with your broker, agent or company to higher comprehend the techniques.

All of our inside the-house look cluster and on-site financial experts interact to make blogs which is perfect, unbiased, or more thus far. We truth-examine every single figure, quote and you can reality playing with leading number one info to ensure this new recommendations we provide is correct. You can discover a lot more about GOBankingRates’ process and you may requirements inside our article plan.