Austria Is To Support Blockchain-Based Cancer Research

Austrian Government supports a cancer research company based in the UK to detect the disease. This is a part of the country’s campaign to support the blockchain technology.

A screening device detecting a number of cancer kinds and record the results through smart contracts on blockchain. The Lancor Scientific company, the device developer, is going to establish a laboratory.

The tool for cancer detecting was launched this October. Lancor Scientific expects 90 percent accuracy due to artificial intelligence used in the development.

According to Austria’s minister of foreign affairs, blockchain technology is considered as an area of interest at state level along with Artificial Intelligence and Speech Recognition.

The country remains open to experimentation with blockchain and cryptocurrency projects and its legislation.

Blockchain is used extensively for environmental, charity programs as well as financial, medicine, supply chain, industrial projects all over the globe. Though blockchain is often called a “technology of the future”, it has already gotten implemented and provided its benefits both by small technology startups and large corporations.

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