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Facebook May Be Eying ‘FaceCoin’ as It Expands Its Blockchain Team

Facebook may be eying ‘facecoin’ as it expands its blockchain team

Facebook May Be Eying ‘FaceCoin’ as It Expands Its Blockchain Team

Social media giant Facebook is looking to expand its blockchain team. Could ‘FaceCoin’ follow JPMorgan’s recently unveiled JPM Coin as companies vie for the prized online payments market. 


Facebook’s Hiring: Blockchain Experts

According to Facebook’s official careers page, the social media giant is looking to expand its team operating in the field of blockchain technologies.

As per the job board, the company is hiring different experts spanning from business product and business operations managers to software engineers and even a technology communications director in the space.

Bitcoinist reported earlier in February that the company ‘acqui-hired’ a blockchain startup called Chainspace.

As previously noted by a spokesperson from Facebook, the company is exploring different ways to leverage blockchain technology.

Mark zuckerberg facebook

Are We Getting Closer to ‘Facecoin’?

In addition to the currently available blockchain-related positions at Facebook, the company’s official LinkedIn page also reveals that there’s a position for a Technical Program Manager, Marketplace Payments, Blockchain specialist.

While the position is no longer accepting applications, this could add more weight to the report, which started circulating in late 2018 that Facebook is working on a stablecoin allowing WhatsApp users to transfer money in-app.

As outlined by anonymous sources familiar with the matter, Facebook’s initial target will be the lucrative remittance market in India as the regulatory landscape there are starting to take shape.

The company’s blockchain effort gained substantial momentum back in August 2018 when David Marcus, a former member of Coinbase’s board of directors stepped into Facebook to spearhead a “new group around blockchain”.

According to LinkedIn, this “small” group has grown substantially, as there are currently 49 employees with their business profiles stating they’re occupied on the company’s blockchain arm.

The bigger story here, however, is that the floodgates have been officially opened by banking giant JPMorgan. Last week, it unveiled its ‘JPM Coin’ virtual currency.

Now, with the social media giant ramping up its blockchain effort, don’t be surprised if Facebook serves up a ‘Facecoin’ in the near future.

What do you think of Facebook’s involvement in the field of blockchain? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

Published at Thu, 21 Feb 2019 02:00:38 +0000

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The Next Doctor You Consult Could Be a Robot: Healthcare Meets AI and the Blockchain

The Next Doctor You Consult Could Be a Robot

Startup company doc.ai has been working with university researchers to create a platform on the blockchain where patients can discuss their medical data with an advanced artificial intelligence “doctor.”

On August 24, doc.ai announced that their advanced natural language processing technology platform, based on the blockchain, would timestamp datasets and decentralize artificial intelligence. The startup stated that the platform was “envisioned and built” by researchers from Stanford and Cambridge Universities.

The objective of the company is to help healthcare companies improve patient care and  experience through an advanced natural dialogue system which will be able to generate insights from combined medical data.

According to the World Health Organization, there is a shortage of seven million healthcare professionals globally, and that number is on the rise. There is increasing pressure on doctors who are faced with meeting the challenging needs of the population and keeping up with the latest developments in healthcare and medicine. Furthermore, the training of healthcare professionals takes years of education and experience. With the help of AI, doc.ai aims to address such challenges while improving the patient care and providing a better healthcare experience.

“We are making it possible for lab tests to converse directly with patients by leveraging advanced artificial intelligence, medical data forensics, and the decentralized blockchain. We envision extensive possibilities for the use of this technology by doctors, patients, and medical institutions,” Walter De Brouwer, founder and chief executive officer of doc.ai, said in a statement.

Deloitte Life Sciences and Healthcare is working with doc.ai to test the company’s Robo-hematology solution, which was developed recently at the Deloitte University in Dallas, Texas.

“doc.ai’s AI-based doctors provide answers to health questions using an AI-powered platform. Platforms like these open new possibilities for patients and medical organizations by providing more personalized, intelligent healthcare. We are excited to collaborate with doc.ai and to be at the forefront of this technology,” said Rajeev Ronanki, Principal of Life Sciences and Health Care at Deloitte Consulting LLP.

The platform operates as a Software as a Service (SaaS), providing service to medical companies, which will allow their patients to have personalized AI-powered conversations about their health around the clock. The conversations are personalized, based on the patient’s health data via a mobile app. The company expects to roll out three natural language processing modules — Robo-genomics, Robo-hematology and Robo-anatomics — for their clients.

Patients can ask the AI questions related to their health, such as “What should be my optimal Ferritin value based on my iron storage deficiency?” or “How can I decrease my cholesterol in the next 3 weeks?” or “Why was my glucose level over 100 and a week later it is at 93?”

According to doc.ai, the artificial intelligence will be able to provide answers for the patients with additional context for each answer. Furthermore, patients can communicate with the “AI-powered robo-doctor” to “achieve better health outcomes” from consultations with the patient’s physician.

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