Blockchain
Intelligent Wearable Medical Device for Compartment Syndrome Diagnosis Wins at INVEST Pitch Perfect Contest
Reading Time: 2 minutes
Odin Technologies (Odin) was announced as the winner of the diagnostics startup track at the Pitch Perfect Contest that took place during the MedCity INVEST Conference in Chicago on April 23-24. Invetech, a leader in healthcare product development, custom automation and contract manufacturing, sponsored the competition track.
Odin, a Chicago-based startup, has developed an intelligent wearable medical device that is able to detect and track tissue perfusion, enabling non-invasive diagnosing of acute compartment syndrome. The syndrome, which is a complication arising from an increase in muscle pressure typically caused by internal bleeding following trauma, is challenging to detect and if diagnosed too late, can cause patients to lose their limb or their life. The wearable medical device eliminates the need to subject patients to needle injections and evaluations, providing a multifactorial diagnostic tool that will accurately measure patients at risk of developing compartment syndrome over long periods of time.
Odin’s Co-Founder and CEO Steven Hansen, ATC, MSc delivered the winning pitch. Mr. Hansen said, “The current standard is a needle injection that monitors tissue pressure, whereas we use optics to non-invasively monitor blood flow. We revolutionized the paradigm for diagnosing compartment syndrome because we are no longer looking at compartment syndrome as a pressure related injury but as a perfusion related injury.”
Competition sponsor Invetech is providing in-kind support in the form of diagnostic product commercialization services to Odin. Invetech’s President Andres Knaack said, “Odin’s intelligent wearable is a fantastic example of the disruptive innovation startups can bring into the healthcare sector. In developing their device, Odin took the time to understand the pain points of their end-users – in this case both the patients and caregivers – and came up with a unique product that is going to transform the way compartment syndrome is diagnosed, thus ultimately reducing healthcare costs.”
Applied directly on a patient’s skin, the wearable medical device communicates wirelessly with a computing hub where the data is analyzed using an artificial intelligence engine, allowing for a precise measuring of symptoms continuously and in real-time. Mr. Hansen said, “Combining our optical tools with new-age wearable computers and machine learning, we are able to provide meaningful metrics on compartment syndrome as it develops; something that could not have been accomplished 10 years ago.”
Of the many potential applications for Odin’s device, the Department of Defense has expressed strong interest in utilizing the diagnostic device for prolonged field care. Combat injuries resulting in fasciotomies are common in the field, and the Department estimates that almost 85% of their total fasciotomies are unnecessary.
The wearable medical device is expected to be available in the market by mid-2020.
SOURCE Invetech
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain6 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain7 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain4 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain7 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
-
Blockchain7 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
