Author: CryptoBeyer

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Business & Society

Blockchain Technology is Improving Healthcare: Changing the Game for Professionals

As a health promotion professional, I understand firsthand the challenges we face when it comes to managing and sharing patient data. That’s why I’m excited to share how blockchain technology is revolutionizing the way health data is managed, secured, and shared between healthcare professionals and patients.

Data Security and Privacy

One of our biggest concerns is the security and privacy of patient data. We handle incredibly sensitive information that must be protected from cyber-attacks, data breaches, and unauthorized access. Blockchain technology offers a secure, tamper-proof platform for storing and sharing patient data. Each block in the chain is encrypted and verified, ensuring that the data cannot be altered or manipulated. This provides us with the peace of mind that comes with knowing our patients’ data is protected.

Interoperability and Data Exchange

Another challenge we face is the lack of interoperability and data exchange between different healthcare providers and systems. This leads to inefficiencies, errors, and delays in patient care. However, blockchain technology can facilitate the exchange of health data between different providers and systems, regardless of their location or platform. This can improve care coordination, reduce duplication, and enhance the quality of care for our patients.

Patient Empowerment and Engagement

Blockchain technology can also empower patients to take control of their health data and engage more actively in their care. Patients can use blockchain-based platforms to securely store and manage their health data, track their health outcomes, and share their data with us. This can improve patient satisfaction, enhance patient-provider communication, and promote patient-centered care.

It’s not a fantasy…it’s happening!

I work with health promotion in the healthcare setting and see the fast-growing trend of self-generated personal data from health apps and wearable sensors, among others. It is clear that this type of data can be used to develop both preventive measures and treatments. Sure, it’s still early and I have to explain what a blockchain is when I talk about it in my professional position. But the tech is here.

Karolinska University Hospital in Sweden is exploring how blockchain can be used for more secure management and sharing of personal health data within highly specialized care.

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Business & Society

The Science Behind Short-Term Thinking and How to Overcome It

Crypto seems to put a spell on people. A friend of mine turned 100$ into 17.000$ in two years by investing in a coin called Theta. Listening to influencers and altcoin diggers and it sounds inevitable that we are going to be rich. Quickly as well. Yes, there are fantastic opportunities in the crypto space, but I am also certain that many of us know that it takes many years of smart investing before we can expect a huge return. But it’s still difficult to have a long-term perspective on investing. What to do?


To change our behaviour and get a long-term perspective in life we need to know why our
focus tend to be short term.  Science tells us that one reason is that our brains are wired to prioritize short-term gains over long-term ones. This is known as temporal discounting, and it means that we
tend to place a higher value on rewards that are closer in time, even if they are smaller than rewards that are farther away. I call it Later Later Syndrome as we keep on postponing to the future what we know we should do.

In a world that is unpredictable and where survival depends on meeting immediate needs, it makes sense to prioritize immediate rewards over future ones. From an evolutionary perspective, individuals who were able to secure immediate rewards were more likely to survive and reproduce than those who focused solely on long-term goals.

Another possible explanation for temporal discounting is that it reflects a trade-off between the benefits of the present and the costs of the future. For example, people may discount future profits from a crypto purchase because they are uncertain about their ability to invest in the right coin. It may also be easier to discounting future potential profits if they feel that they may be able to make better use of the money in the present moment. Another reason is that we live in a world that is geared towards instant gratification. We are used to getting what we want quickly, whether it’s a
package delivered to our doorstep within hours or a movie streaming on our screens with just a few clicks. In contrast, long-term investments can require patience and discipline, which can be difficult to maintain in a world that is constantly pushing us to seek out immediate rewards.

Finally, long-term investments can be seen as risky, as they often require a significant amount of capital and a willingness to ride out market fluctuations. This can be intimidating for many people, particularly those who are new to crypto investing or who have had negative experiences in the past. Considering the horrible market of 2022, no wonder we rather spend money on a night out than some crazy crypto asset that might go to the moon…

Don’t do what I did. I bought some Porn Rocket Tokens after drinking wine… I digress.

I am sure you get the point of having a long-term perspective. Let’s get better at it.

MORE ON: How to Get Better at Saving for the Future

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Business & Society

How to Get Better at Saving for the Future

To change our behaviour and get a long-term perspective in life we need to know why our focus tend to be short term. Science tells us that one reason is that our brains are wired to prioritize short-term gains over long-term ones. This is known as temporal discounting, and it means that we
tend to place a higher value on rewards that are closer in time, even if they are smaller than rewards that are farther away.

The are several strategies you can use to avoid temporal discounting:

1.    Set specific, achievable goals: By setting specific, achievable goals,
you can establish a clear vision of what you want to achieve in the long
term. Do you have an exit strategy for your investment? When are you going to take profits? This can help you stay motivated and committed to your long-term investment plan.

2.    Create a plan and stick to it: Develop a clear investment plan with
specific steps and milestones to reach your long-term goals. If a certain crypto investment drops by 90% what will you do? What will you do if a coin remains dormant for a very long time? Sticking to a plan can help you avoid impulsive decisions and stay focused on your
long-term vision.

3.    Find an accountability partner: Partner with a trusted friend, family
member, or financial advisor who can help keep you accountable and on track with your investment goals. Regular check-ins and discussions can help you stay motivated and committed to your long-term plan.

4.    Focus on the big picture: Try to keep the big picture in mind and
remind yourself of your long-term goals whenever you are tempted to make an impulsive decision. Remember that short-term gains may be tempting, but the long-term rewards of a disciplined investment strategy can be much greater.

5.    Use tools and resources: There are many resources available to help
you avoid temporal discounting, such as budgeting apps, investment
calculators, and educational materials on personal finance and investment
strategies. Utilize these tools to help you stay on track with your
long-term investment plan.

By using these strategies, you can avoid temporal discounting and stay
focused on your long-term investment goals. Remember, achieving long-term financial success requires patience, discipline, and a commitment to your goals.

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Business & Society

Empowering Individuals and Breaking the Stranglehold of Traditional Institutions

As we deposit our hard-earned money into a bank, we trust that it will be safe and secure. But what if I told you that the stability of your bank account is subject to various risks and uncertainties, such as bank failures, government policies, and economic conditions? The fact is, while we technically own the money in our bank account, the security of it is not fully in our control. In short, in the traditional system we need to trust people.

Enter decentralization, the solution to this problem. Decentralization distributes power among participants, creating a more democratic system that is less prone to corruption and abuse. The crypto community, filled with individuals who believe in financial freedom, transparency, and decentralization, is striving towards this goal through decentralized finance (DeFi).

In the traditional financial system, banks and other institutions hold onto your money and make decisions about how it’s used. But in DeFi, the power is in your hands.

One way to make money in DeFi is through yield farming. Yield farming is when you lend out your digital assets, like cryptocurrencies, and earn interest on them. The interest rates in DeFi are usually higher than traditional savings accounts, so it can be a good way to grow your wealth.

Another way to make money in DeFi is through trading. Just like stocks, the value of cryptocurrencies can go up and down. By buying low and selling high, you can make a profit. In DeFi, you can trade a wide variety of cryptocurrencies.

Finally, you can also earn money in DeFi by providing liquidity to decentralized exchanges. When you provide liquidity, you’re helping to make sure that trades can happen smoothly and quickly. In exchange, you can earn fees on every trade that’s made.

Most DeFi protocols are run by automated smart contracts and decentralized autonomous organizations (DAOs), and do not require heavy Know Your Customer (KYC) requirements, allowing traders to maintain their anonymity.

KYC is the process of verifying a client’s identity in financial transactions, and while it is important for preventing illegal activities, heavy KYC requirements can also limit financial freedom and accessibility.

The ability to trade and invest anonymously is a core tenet of decentralization, and excessive KYC requirements can be seen as a violation of personal privacy and freedom. Soon my bank will ask who my mistress is and for the size of my shoes before I can make a transaction… Additionally, collecting and verifying personal information can be difficult and expensive, leading to a concentration of power in larger financial institutions and hindering competition and innovation. At what point does banks have too much power?

In conclusion, finding the right balance between ensuring the safety of the financial system and preserving the freedom and privacy of individuals is crucial for the continued growth and success of the crypto and DeFi communities. Decentralized finance is paving the way for a more inclusive, accessible, and democratic financial system that puts the power back in the hands of you and me.

I know it’s feels early. But if you are tired of your bank and if you’re seeking financial freedom and control over your assets, I would look at DeFi.

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Business & Society

Crypto and the Fourth Industrial Revolution: What to Expect

I’ve been watching the growth and development of cryptocurrencies, and it’s truly been awe-inspiring to witness its rapid evolution. However, the crypto world, like any technological shift, is far from perfect and has to numerous challenges to overcome.

For example, the Bitcoin network is often struggling with scalability issues, resulting in slow confirmation times and high fees during periods of great network demand. Additionally, the crypto space is vulnerable to bad actors who take advantage of weaknesses for their own financial gain. In 2022, North Korean-linked hackers made off with $3.8 billion in crypto, while two nerds created a Ponzi-scheme and defrauded investors and laughed all the way to the bank.

For crypto currencies to reach their full potential and be widely adopted, they need a robust infrastructure to support them. This includes secure and reliable exchanges, user-friendly and safe wallets, and efficient payment systems. Clear regulations are clearly necessary to protect customers and prevent illegal activities.

I understand that the crypto space can be confusing and intimidating for many people, but it’s crucial that we educate ourselves about the benefits and potential of crypto currencies. By being proactive and taking measures to prevent problems, we can be more efficient and less prone to making costly mistakes.

The crypto world is still in its early stages of development, and there are many challenges and risks that need to be addressed. However, with proper security measures and regulations in place, the potential for crypto currencies to transform the financial landscape is enormous. Investors should be proactive and well-informed when making investment decisions in this space and prioritize the protection of their assets.

There are also societal consequences of disrupting technologies that are important to consider.

For example, the fourth industrial revolution, with its focus on automation, artificial intelligence, and blockchain technology, will likely result in changes to the job market. While it’s impossible to predict the extent of these changes, it’s crucial for workers to be proactive and prepare for a rapidly evolving job market.

In conclusion, the crypto revolution presents both challenges and opportunities. However, I think we need the shitstorm of difficulties before we can expect to have a solid product. Remember, crypto currencies are not a final product and hundreds and thousands of developers are working on each blockchain. The blockchain business is a process affected by the vision of the coin, laws, regulation, crime, customer needs and dreams of profit. I consider it a space to learn from.

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Business & Society

Maximizing Returns in the Crypto World: A Guide to Navigating Volatility, Risk, and Opportunity

Old-timers in the crypto space will tell you that they love the volatility. Brutal dips, trips to the moon, and crypto winters offer opportunities, but they are not for the faint of heart. The volatility in the price of cryptocurrencies makes it a great trading asset, but be warned – the word in the crypto community is that 90% of traders are unsuccessful.

I avoid trading and instead believe in the long-term potential of cryptocurrencies. Over time, I’ve learned vital lessons about investing in crypto. The volatility is both a blessing and a curse, providing opportunities for traders but also being nerve-wracking for those not comfortable with risk. A long-term perspective on owning crypto requires the ability to tolerate dramatic price swings.

Many in the crypto community believe that the price of Bitcoin follows a four-year cycle, as history has shown repeatedly. It’s debatable whether we’re in a bear market right now. If Bitcoin has hit bottom, then we are in the early stages of a bull market. However, some might refer to this phase as an accumulation phase, as prices are expected to rise slowly for almost a year. The next major uptrend is predicted for mid-2024, but history may not repeat itself. To increase your market stamina, I suggest taking a long-term view and not tracking market prices daily. Holding crypto costs nothing, and some coins even offer interest through staking rewards. 

Staying informed about news and events in the crypto world is also valuable, keeping an eye out for regulatory changes, investor sentiment, and technological developments that could impact your investment.

However, it’s important to remember that crypto is risky. But it has taught me to consider and value my retirement. Some say the crypto boom is a once-in-a-lifetime chance to change our financial future, and that’s the key word – future. Crypto is a lesson in valuing your future self, hopefully.

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Business & Society

Pay Yourself First: The Most Impactful Lesson from the World of Crypto

Exploring the world of cryptocurrency can be an enlightening experience, providing valuable insights into the world of investing and money management. One of the most valuable lessons I’ve learned is the concept of “Pay Yourself First”. Though simple, this idea is often overlooked.

This idea is not just about changing our perspective on debt and bills, but it’s also about valuing ourselves. For too long, we have been taught to pay others before ourselves, accepting the norm of taking on debt in the fiat monetary system. David Graeber the author of the book Debt argues that debt has been a fundamental aspect of human interaction for thousands of years and has shaped political, economic, and social relationships. He is clear about the fact that debt has been used both as a tool of oppression and as a means of creating moral obligations and social ties. Without paying ourselves, we’ll never escape the debt trap.

Buying things we don’t need with borrowed money is like building a tall tower on sand. Instead of making a strong financial foundation, we keep adding things that cost money, and end up paying more in the future because of interest. It’s a vicious cycle that makes it hard to be financially secure.

By paying ourselves first, we build a strong financial foundation that provides us with financial stability and the means to reach our goals.

The beauty of this concept is that it’s not just about saving money, but it’s about investing in something that increases in value. For example, if you receive a raise of $500 a month, instead of using it for leisure, you can invest a portion of it in cryptocurrency, like Bitcoin. Over time, that small investment can grow into a substantial sum, giving you financial freedom.

Another advantage of paying yourself first is the power of compound interest. By investing in a promising crypto asset, you tap into the power of compounding and watch your investment grow over time. The earlier you start, the greater the potential for growth. Investing in yourself is one of the best investments you’ll ever make.

“Experience is the teacher of all things.” – Julius Caesar

Draw on the valuable experiences of the crypto community and use them to build a more stable financial future. So, break free from the cycle of only paying others, and start investing in your financial future. Pay Yourself First.

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Business & Society

Are You Living in the Fourth Industrial Revolution and Not Even Realizing It?

The Fourth Industrial Revolution is here, and it’s bringing with it a wave of change that will fundamentally alter how we live, work, and interact. But are you aware of it? The truth is, many of us are still in the dark about the revolutionary technologies driving this change – technologies like artificial intelligence, the Internet of Things, and cryptocurrency and blockchain technology.

People do not realize that we are amid a revolution. I am not using the word revolution to sound dramatic. Each industrial revolution is disruptive and brings with it a transformation that is difficult to adapt to. As a healthcare professional in Sweden, I have seen firsthand how difficult it can be for some people to adapt to new technology and the changes it brings. But the truth is, we can’t afford to be left behind.

ChatGPT, which is a prime example of a fourth industrial revolution technology, has taken the world by storm. But we have only had the starter meal. AI-technologies such as ChatGPT and Midjourney are disrupting the way we write, create images and videos, and the way we make websites and much more. Microsoft purchased the hugely popular AI company OpenAI, and the public will soon be able to use AI as a core component of office. This means that one billion people will have ChatGPT on their computer. Things move exponentially fast within the fourth industrial revolution, and it will feel like we are constantly running behind the developments of society. There is so much information created and freely available that it has become disposable. We need to understand that information is only the starting point if we would like to be a person who contributes value to business and the developments of society. A person who can use critical thinking and add human thinking and feeling to the available information will take a step forward in their professional and personal lives.

The Fourth Industrial Revolution is still in its early stages, and its full impact is yet to be seen. I predict that in the next 10-15 years, our working and personal lives will be very different.

It’s clear that it will bring about significant changes in our daily lives and across a wide range of industries and sectors, including education, healthcare, finance, transportation and more. In education, the integration of advanced technologies such as artificial intelligence and virtual reality is expected to revolutionize the way students learn. In healthcare, the integration of technologies such as telemedicine, wearables, and the Internet of Things is expected to improve patient outcomes and increase access to healthcare for people in remote or underserved areas. In finance, blockchain and crypto technology is expected to enable faster, cheaper, and more secure financial transactions. And in transportation, the integration of advanced technologies such as autonomous vehicles and drones is expected to improve safety, reduce congestion, and increase efficiency. Our online existence will increase, and we will have a personal avatar to care for. Jesus! Our mirrors will talk to us, and our fridges will order our food. These changes may feel overwhelming.

The impact of the Fourth Industrial Revolution will be gradual and will take different time to reach different sectors, but the greatest impact is likely to be felt in the next 10-15 years as more and more industries adopt these technologies.

Being aware of what is happening is the first step in keeping pace with change.

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Business & Society

How Digital Currency is Changing the Game for People in Dire Straits

Crypto is fulfilling its most important purpose. People with no chance to do their banking turn to crypto for help. People in most need are benefiting from the blockchain developments of the fourth industrial revolution.

People badly need a bank account to live. There are approximately 1.7 billion unbanked people in the world and crypto companies have potential to provide banking services for the unbanked and help to solve the problem with financial inequality. Seven countries represent about half of all unbanked people on the globe. These countries are Nigeria, China, India, Pakistan, Bangladesh, Indonesia, and Egypt.

Folks, this is where it gets interesting!

People who are struggling the most in finding banking services find rescue in crypto. The countries that have the highest combined rates of unbanked and underbanked are Vietnam (79%), the Philippines (78%), and Indonesia (77%). In fact, the countries with half of the world’s unbanked people are all in the top 20 list of countries in the world with the highest rate of crypto adoption. Lack of banks equals increased crypto adoption.

For the second year running, Vietnam has topped the charts for cryptocurrency adoption according to the 2022 Geography of Crypto Report by Chainanalysis. Vietnam is crushing it in crypto. They are playing blockchain based games and using crypto when there are no ATMs. It has been estimated that 21% of Vietnamese consumers use or own cryptocurrency. These statistics are jaw-dropping in comparison to Europe and the USA. Only 8% in Europe and 7% in the USA have bought or own crypto currencies.

Ordinary people as well as shady people use crypto. This is no different than ordinary money. Crypto adoption is predicted to continue to increase in Russia as long as international sanctions are in place. Under Russian artillery shelling, 16 percent of the Ukranian population turn to crypto to store their wealth and to make financial transactions. We need crypto when the world is struggling to keep peace.

Cryptocurrency adoption is growing around the world. The global crypto ownership rates are estimated at about 4.2%, with over 420 million crypto users worldwide according to TripleA.

Crypto is crushing it!

Bitcoin and the biggest crypto currencies are going mainstream and reaching economies where the national currency is weak and assisting people in sending or receiving currency across national borders. The highest-ranking crypto currencies, foremost Bitcoin and Ethereum are also seen as a store of value when fiat currencies are struggling with inflation. Sure, one can argue that Bitcoin and Ethereum have taken a sucker-punch in the last year but looking long-term they are seen as a hedge against inflation. There is no other traditional asset that beat Bitcoin in value increase in the last 10 years.

Crypto is not here to replace the traditional financial system. Rather to provide an alternative when the traditional system is failing or neglecting the needs of the people.

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Business & Society

Crypto Rescues Bored Swamped Professors and Shows Big Pharma How Research is Done

Key takeaways: Crypto breaks through traditional borders in research and offers a helping hand to professors in dire need of funding and innovative solutions. Decentralized Science, is a revolutionary concept that democratize the scientific process where unconventional ideas can blossom.

Traditionally, scientific research has been the domain of large institutions such as universities and corporations. In many ways, traditional central institutions of knowledge have a monopoly on research and knowledge. Research is largely conducted and kept within the academic space and important reports and articles are hidden behind paid walls of academic journals.

Anyone involved in health research knows how difficult it may be to find funding for a research project about rare diseases and mental health conditions. Interdisciplinary research that often requires a long-term study is also hard to finance. The academic space can be brutally tedious and boring. Research is suffering from a sad case of stiffness and bureaucratic structures, formal guidelines, and time-consuming proposal processes. Professors feel stuck in a swamp of paperwork.

Here’s the solution!

Decentralized Science, or DeSci for short, is a revolutionary concept that aims to democratize the scientific process.

Think of DeSci as a form of crowdfunding and sharing research data in a secure, collaborative and accessible way, with or without the use of traditional research institutions.

One of the key benefits of DeSci is that it allows for a more democratic distribution of funding. Rather than relying on a small group of centralized institutions to provide funding, DeSci uses a token-based system where anyone can contribute and invest in scientific projects. This not only provides researchers with more funding options, but also allows for a more diverse group of people to contribute to scientific research.

Another benefit of DeSci is that it enables researchers to share data and collaborate on projects in a more efficient manner. Using blockchain technology, researchers can easily and securely share data with other members of the network, without the need for intermediaries. This allows for faster, more efficient data sharing and collaboration, ultimately leading to better and more impactful research.

For the reader who wants to dive deeper in DeSci, Molecule Protocol is an innovative solution worth taking a look at.

More reliable research with Desci

Cherry-picking results, hypothesizing results after the results are found, and adjusting the analysis after the results as well as outright fraudulent practices in research are a major problem. DeSci may be a solution as the research data that is stored on a blockchain is immutable. This is achieved using smart contracts, which automate the process of recording and verifying research data on the blockchain.

In a world where centralized institutions have long held a monopoly on knowledge, DeSci offers a new paradigm for conducting and sharing research that is more open, transparent, and inclusive. Sharing knowledge is beneficial for society and DeSci research is not hidden behind a paid wall of a fancy journal.

Decentralized Science has the potential to make the research setting happier and more community friendly. Stiff competition between research institutions can be turned into a collaborative environment.

Trust in big-pharma is not peaking after the covid-19 vaccine saga, and a token-based solution along with blockchain technology can even increase trust in big pharma as its a tamper-proof way of conducting research. Whatever! Who cares about the trust of big pharma?

Most of all, a public infrastructure for funding will lead to important findings that do not (always) follow the infamous money trail.