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HomeCrypto NewsMarketIOTA Is Mentioned in Latest Patent Application of British Biotech Giant Leica Biosystems

IOTA Is Mentioned in Latest Patent Application of British Biotech Giant Leica Biosystems

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British Biotech Giant Leica Biosystems, recently published patent application titled “Immutable-Ledger-Based Workflow Management For Patient Samples” has mentioned IOTA blockchain.

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New Leica’s patent concerns the workflow of the management of samples obtained during microscopic studies.

Leica notes that immutable ledgers are a promising tool used to manage digital assets. In particular, the use of a modification-resistant ledger implemented as a blockchain or directed acyclic graph (DAG) provides accurate and efficient asset tracking.

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This technology can also be used with samples, which lately can be used to identify pathogens, make diagnoses, archiving, and other medical purposes.

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The authors of the patent application note that the Health Insurance Portability and Accountability Act (HIPAA) which regulates individually identifiable health information assumes that health information related to patients’ specimens shouldn’t be public. A blockchain is a great tool for ensuring privacy specimen tracking.

IOTA Role

The workflow management system based on an immutable ledger for patient samples (for example, tissue samples) can use a directed acyclic graph (DAG), which is a hierarchy of nodes without any cycles.

 

It is designed to work with huge arrays of information. If the network size is small, DAGs are more vulnerable compared to classic blockchains. To add a transaction to a DAG, a user must approve two randomly chosen unconfirmed transactions. In such a system, native tokens can be used, in particular, an example of such use can be IOTA in Tangle.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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