Austrian Government Embraces Blockchain for Healthcare
In a move that combines tech-savviness with good old-fashioned altruism, the Austrian government is throwing its weight behind a U.K.-based cancer research company, Lancor Scientific, which is pioneering a blockchain device to detect multiple forms of cancer. With this push, Austria hopes to not only support health innovation but also to spotlight its commitment to emerging technologies.
Innovative Detection Methods
Lancor Scientific’s groundbreaking device isn’t just a fancy gadget; it’s designed to achieve an impressive 90 percent accuracy in cancer detection. Similar in ambition to Google’s recent AI-powered Lymph Node Assistant, this tool will utilize smart contracts on the blockchain to securely record screening results. Basically, it’s like giving your health data a high-tech bodyguard!
Collaboration with Local Universities
To take things a step further, Lancor Scientific plans to roll up its sleeves and collaborate with several local academic institutions, including the Technical University of Graz and the Medical University of Graz. This partnership is set to explore international research projects, bringing together top-notch expertise and fresh ideas from both sides of the spectrum.
A Vision for the Future
Austria’s Minister of Foreign Affairs, Margarete Schramböck, has been vocal about the government’s interest in blockchain technology. She stated, “Blockchain is definitely one of the new important technologies.” Through initiatives like these, the Austrian government is not only promoting blockchain on the healthcare front but also positioning itself as a forward-thinking leader in technology within the EU. Talk about multi-tasking!
Financial Support and Long-Term Goals
The Austrian government’s support isn’t just a pat on the back. They’re set to dish out grants to Lancor Scientific over the next five years, assisting with facilities, research equipment, and even clinical trials management. It’s a comprehensive strategy that reflects Austria’s long-standing aim to evolve as a hub for blockchain and cryptocurrency innovations.
The Bigger Picture: Austria in the Tech Game
Austria has a track record of remaining open to experimentation with blockchain legislation, which has included initiatives like a ‘cryptocurrency bank’ launched in Vienna back in 2017. Meanwhile, neighboring Germany seems to be catching up, as they dip back into the world of Bitcoin with a casino ship featuring the country’s first Bitcoin ATM in years. As both countries navigate this dynamic tech landscape, many are eager to see how Austria continues to champion blockchain within Europe.
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