Entries by bioinvestments

Blockchain-based Artificial Neural Networks To Save Thousands Of Lives From Medical Errors

When we consider quite how far medicine has developed worldwide in the past century, it could be easy to become complacent and assume that we have advanced our treatment methods and capabilities as far as possible. However, a 2016 study revealed some quite shocking statistics regarding healthcare mistakes; namely, that 250,000 US citizens were killed every year from medical errors, such as misdiagnosis or incorrect dosage administration by healthcare professionals. This technically puts it at the third largest killer in the US, behind heart disease and cancer. Estimates of the economic costs of these mistakes reach up to $20.8 bln annually. With human error being one of the main causes of medical mistakes, the healthcare industry is now able to turn to artificial intelligence (AI) for help.