Connect with us

Technology

LabTrace Completes the First Study Using its Blockchain-Based Data Authentication System, Designed to Ensure Data Integrity in Clinical Trials

Published

on

Parkinson’s disease research, sponsored by King’s College London, verifies clinical observation data using the Algorand blockchain

LONDON, June 27, 2024 /PRNewswire/ — LabTrace, a blockchain authentication system for data integrity and ownership certification, today announces the completion of the first experimental medicine study (ref ID: NCT03782753) to utilize its on-chain notarization tool, a novel solution to proving the provenance of medical research data. The study, sponsored by King’s College London (KCL), involved patients with Parkinson’s disease. By utilizing the Algorand blockchain, LabTrace has introduced unprecedented transparency, accountability and security in the verification of scientific research data.

There is growing concern that the exponential expansion of digital data in healthcare and  medical research is being accompanied by a growing incidence of scientific fraud. According to The Guardian, in 2023 “the annual number of papers retracted by research journals topped 10,000 for the first time,” and “most analysts believe this figure is only the tip of an iceberg of scientific fraud.” One reason cited for the increase in falsified data is the pressure to generate successful, high-impact results, which afford the researchers more recognition and career advancement opportunities.

“Progress in science and medicine is critically dependent on the quality of the data collected in our research studies, and we take that responsibility very seriously,” said professor Steve Williams, director of the Centre of Neuroimaging Science at King’s College London and principal study investigator. “The integrity of research data is the bedrock of medical breakthroughs and LabTrace’s blockchain-based system gives us the level of transparency we need to trust, track and authenticate our data.”

LabTrace’s blockchain-based data authentication system offers a unique and transparent solution to:

Certify authorship and data provenanceEstablish and record a researcher’s ownership rights to data and discoveriesSecurely timestamp and log trial data, original works, ideas, and inventions in an auditable fashionSupport drug approvals and patent applicationsProtect against intellectual property and data theft

It achieves this by attaching unique Content IDs (CIDs), which follow IPFS standards, to all recorded data. Each CID file receives on-chain notarization by authorized parties–with user permissions defined and controlled by an Algorand smart contract (ie Role-Based Access Control). KCL implemented LabTrace as an additional layer of immutable record-keeping and to demonstrate a viable path forward for maintaining the integrity of digital medical data.

After surveying the blockchain landscape, LabTrace determined that Algorand, a leading Layer-1 solution known for its high-performance and reliability, was best suited to meet the rigorous requirements of the biotech and pharmaceutical industries. Specific advantages of Algorand are:

Its Layer-1 smart contract programmability, which enables role-based access controlHigh processing throughput of 10,000 transactions (or on-chain records) per secondHigh certainty and instant transaction finality, which provides an immediate and immutable warrant of information recorded to the ledger.

Timestamps and notarizations that certify the trial findings can be viewed here.

“This is an important achievement for our company, as it shows that our solution can be readily adopted in experimental medicine studies, managing data of any type,” said Federico Turkheimer, professor at King’s College London and director of LabTrace. “We believe we have built a solution to enable full data traceability in clinical trials and boost scientific reproducibility in medical research.”

“With AI expanding the scope and sophistication of potential data manipulation and fraud, it is more important than ever that researchers, regulators, and the public have trusted sources of data,” said Eric Wragge, global head of business development and capital markets for the Algorand Foundation.  “Accurate data is the bedrock of scientific progress everywhere, and we are honored that Algorand is the blockchain upon which the Labtrace solution has been built.”

About LabTrace
LabTrace believes that certified and verifiable data are the core for a trustworthy digital society. The company is on a mission to enable full data traceability in clinical trials and boost scientific reproducibility in medical research. To further this goal, LabTrace has built a blockchain-based system for the secure, GDPR compliant, immutable notarisation of digital data. For more information, visit www.labtrace.io.

About Algorand Foundation
Algorand’s mission is to power a world where information has integrity and innovative ideas can scale. The Algorand Foundation supports Algorand’s rapidly growing ecosystem by providing a best-in-class developer environment, supporting key infrastructure and setting technical standards, offering comprehensive support to builders and entrepreneurs, and providing the infrastructure for decentralized governance.

Founded by Turing Award-winning cryptographer Silvio Micali in 2019, Algorand has grown into a vibrant ecosystem of developers, entrepreneurs, and enterprise partners that benefit from institutional-grade certainty and resilience, while features like low fees, instant finality, and a minimal carbon footprint also appeal to the protocol’s millions of retail users. Builders of all kinds can use common programming languages like Python to develop advanced apps and protocols that solve important problems at a global scale: instant payments in war and disaster zones, self-sovereign identity for the disenfranchised, supply-chain traceability for global commerce, permissionless protocols addressing financial inclusion, and the creation of entirely new markets through tokenization, to name a few. To learn more and start your journey on Algorand, visit algorand.foundation.

Logo – https://mma.prnewswire.com/media/2372631/Algorand_Foundation_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/labtrace-completes-the-first-study-using-its-blockchain-based-data-authentication-system-designed-to-ensure-data-integrity-in-clinical-trials-302184084.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

UnionPay International Partners with HFC Bank for First Local ATM Acceptance in Fiji Driving Financial Inclusion

Published

on

By

SUVA, Fiji, April 27, 2025 /PRNewswire/ — Recently, UnionPay International announced that its card is now accepted at ATMs operated by HFC Bank, Fiji’s only 100% locally owned commercial bank. HFC Bank has officially launched UnionPay card acceptance at its ATMs, becoming the first domestic financial institution in the country to partner with UnionPay International.

This milestone collaboration expands UnionPay card ATM coverage in Fiji to an impressive 96%, signaling a significant leap forward in the localization of UnionPay International ‘s services in the South Pacific and injecting fresh momentum into the development of inclusive financial services in the region.

HFC Bank was established as a fully-fledged commercial bank in 2014, the bank is dedicated to becoming Fiji’s bank of choice by providing innovative, competitively priced financial solutions designed to improve customer wellbeing, create wealth for future generations, and contribute to the nation’s economic development.

The partnership between HFC Bank and UnionPay International is not only a technical upgrade—it is a strategic step toward empowering local institutions and advancing financial inclusivity in Fiji.

UnionPay International first entered the Fijian market in September 2010, making Fiji the first South Pacific nation to accept UnionPay cards. Today, 99% of POS terminals and 96 % of ATMs in the country accept UnionPay, with broad acceptance across hotels, supermarkets, duty-free shops, restaurants, and the tourism sector. Mobile payments via UnionPay App are also widely supported.

Prior to this new collaboration, UnionPay International’s local partnerships were primarily with international banks.

The new alliance with HFC Bank highlights UnionPay International’s commitment to deepening localization by working closely with local institutions to build a more inclusive and resilient payment ecosystem.

As UnionPay International’s footprint continues to grow, its focus remains clear: building accessible, inclusive, and innovative financial solutions that benefit local communities and global travelers alike.

About HFC Bank
HFC Bank is Fiji’s only locally owned commercial bank, committed to delivering personalized and innovative financial services that exceed customer expectations. With a strong foundation in governance and ethical practices, the bank offers a full range of competitively priced financial products that aim to improve customer wellbeing, create long-term value, and support national economic development. HFC Bank upholds values of humility, excellence, accountability, respect, and trust, and is dedicated to serving individuals, families, and businesses across Fiji with integrity and care.

About UnionPay International
With more than 260 million UnionPay cards issued in 83 countries and regions outside the Chinese Mainland, UnionPay International is committed to enhancing the online payment experience for its global cardholders. Accepted in 183 countries and regions, UnionPay International offers high-quality, cost-effective, and secure cross-border payment services to the world’s largest cardholder base, while delivering convenient local support to a growing network of international users and merchants. For more information, please visit: https://www.unionpayintl.com/

View original content:https://www.prnewswire.com/apac/news-releases/unionpay-international-partners-with-hfc-bank-for-first-local-atm-acceptance-in-fiji-driving-financial-inclusion-302439023.html

SOURCE UnionPay International

Continue Reading

Technology

Yutong Bus Launches EnRoute+ Service Innovation and Tech-Driven Solutions to Redefine Commercial Vehicle Value Standards

Published

on

By

Six-Point Service Framework Elevates Efficiency and Customer Value

ZHENGZHOU, China, April 26, 2025 /CNW/ — Yutong Bus (“Yutong”, SHA: 600066), a commercial vehicle manufacturer in Asia, recently hosted the Central Asia Customer Value Exploration Tour in Zhengzhou, marked the debut of Yutong’s EnRoute+ service platform, designed to refine industry benchmarks by prioritizing technology-led solutions and fostering long-term partnerships over transactional pricing.

“Amid intensifying competition in the globe wide, Yutong is committed to transitioning clients from a ‘price-first’ mindset to a comprehensive value partnership rooted in technology and service excellence,” said Li Haifeng, CEO of Central Asia of Yutong Bus.

EnRoute+: Six Pillars of Unwavering Support

The EnRoute+ framework delivers comprehensive solutions tailored to fleet needs:

Direct Manufacturer Support: Yutong personnel are stationed locally 365 days a year, delivering professional, efficient, and reliable “butler-style” support throughout the entire vehicle lifecycle.Swift Response, Efficient Solutions: Customers can instantly connect with Yutong via the LINK+ platform or service hotline for emergency assistance, ensuring swift and effective resolution.Full Transparency: Real-time tracking of service requests, progress updates, and post-service evaluations via the Link+ digital ecosystem.Genuine Parts Assurance: A two-tier spare parts network (central warehouse + front warehouse) ensures rapid delivery of authentic parts, backed by a 15-year worry-free supply and comprehensive quality assurance.Critical Event Assurance: Specialized service teams, tailored contingency plans, and rigorous protocols are deployed to ensure flawless operations during critical events or competitions.Tailored Maintenance Plans: Proactive, tailored solutions optimize fleet uptime, reduce operational costs, and provide end-to-end support through preventative maintenance and zero-distance service management.

Yutong’s localized service approach has already delivered  measurable success. In Astana, Kazakhstan, the city’s public transit operator manages 620 Yutong buses, including 120 EVs. Concerns over post-sale support were alleviated through Yutong’s Overseas Service Package, which leverages smart diagnostics to predict faults, and slash operational costs. In Tashkent, Uzbekistan, Yutong’s electric buses withstood extreme summer temperatures exceeding 40°C while maintaining stable performance. Tailored lifecycle solutions and round-the-clock technical support enabled Tashkent’s transit authority to expand its EV fleet.

Yutong leverages decades of expertise in connectivity and new energy to deliver data-driven service solutions. By integrating global networks, advanced analytics, and intelligent platforms like LINK+, OVAS, and Intelligent Vehicle Cloud, it creates lifecycle-focused ecosystems that boost efficiency, innovation, and customer-centric excellence worldwide.

For more info, please visit https://en.yutong.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/yutong-bus-launches-enroute-service-innovation-and-tech-driven-solutions-to-redefine-commercial-vehicle-value-standards-302439014.html

SOURCE Yutong Bus

Continue Reading

Technology

World-Famous Master Craftsman Completes First-Ever Auto Show Build in Front of Thousands

Published

on

By

NEW YORK, April 26, 2025 /PRNewswire/ — In a two-day, jaw-dropping high-intensity live performance, that made international headlines and lit up social media, legendary Porsche builder Akira Nakai, completed his first-ever auto show build at the 2025 New York Auto Show. The completed vehicle is now on display and can be seen through Sunday, April 27.

Flying in from Japan, Nakai transformed a 2006 Porsche Carrera S into one of his iconic wide-body creations right on the show floor, attracting huge crowds, major media coverage, and going viral across social media. The build took place over April 23 and 24 in the R2XPO Exhibit, where visitors watched, photographed, and filmed the master craftsman in action. From the moment he started cutting to the final bolt, the atmosphere was electric.

The activation quickly went viral, racking up millions of views across TikTok, Instagram, and YouTube within hours. Photos and footage of Nakai San deep in the build process spread like wildfire, turning the R2XPO Exhibit into one of the most talked-about attractions at this year’s Show.

View original content to download multimedia:https://www.prnewswire.com/news-releases/world-famous-master-craftsman-completes-first-ever-auto-show-build-in-front-of-thousands-302438994.html

SOURCE New York International Auto Show

Continue Reading

Trending