Items filtered by date: June 2020
Tuesday, 23 June 2020 18:20
COVID-19 has certainly changed the way we conduct everyday business. For many employers, dealing with new COVID-19 regulations, guidance, and recommendations within the work environment is only the beginning. Employers are responding by taking into account the level of disease transmission in their communities and are revising their business response plans as needed in order to successfully manage the health and safety of their employees while in the workplace. While a vaccine is still in clinical trials for COVID-19 at this time, employers are at the mercy of self-reporting or requiring regular testing of its employees, which can be very difficult to manage.
Recently, an employee provided a doctor’s note to his employer that he had been diagnosed with COVID-19 and was subject to quarantine per CDC and state guidelines. The employer took the necessary steps of notifying all employees of the positive case and added specific notifications to those who had come in direct contact with the COVID positive employee. Additionally, the employer took an added cautionary step of having their warehouse cleaned and disinfected in order to ensure the safe return of its workforce as soon as possible.
What the employer was unaware of was that the doctor’s note was forged. The FBI investigation estimates the company incurred over $175,000 in lost productivity due to the alleged fraud. In addition, one coworker of the alleged victim, believing they had been exposed to the virus, also faced personal financial loss after deciding to pay for a rental property where they could remain self-quarantined away from members of their family.
This is just one case of fraud in relation to employees taking advantage of the pandemic through medical fraud. Rooting out health care fraud is central to the well-being of both our citizens and the economy. Health care fraud costs the United States tens of billions of dollars each year.
BlockSpaces has been working in conjunction with several companies on an HR solution to help companies reduce risk and fraud associated with medical clearances. HealthClearTM utilizes a purpose-built distributed ledger system to create verifiable DID's (Decentralized Identifiers) that are globally unique and resolvable (via a ledger) without requiring any centralized resolution authority. Verifiable Claims are issued as a credential to the end user using a distributed ledger system with Zero Knowledge Proofs which prove that some or all of the data in a set of claims is true without revealing any additional information, including the identity of the end user.
Verifiable digital health clearances that conceal sensitive employee health data would allow employees to return to work after medical leave while mitigating employers’ liability risk and insuring the company’s regulatory compliance. Physician generated releases provide part of the solution, but human errors, inconsistent forms, alterations, and forgeries of information are possible and requests for detailed employee health data by employers runs the risk of violating the Health Insurance Portability and Accountability Act (HIPAA).
HealthClearTM is designed to bring trust, personal control, privacy, and ease-of-use for the issuance of health clearance credentials to employees and their physicians, while providing liability protection, consistency and efficiency to HR processes for businesses in order to allow workers to return to work quickly and safely after medical leave.
If you are interested in learning more about HealthClearTM, visit our website at: https://blockspaces.io, or call us to start the conversation.
Monday, 22 June 2020 14:37
FOR IMMEDIATE RELEASE
Contact: Rosa Shores
BlockSpaces Announces Key Changes
BlockSpaces outlines a new operating model, management team and a seed round of capital.
TAMPA, FLORIDA, June 22, 2020 — BlockSpaces, Inc., today announced key leadership additions to their team, including the election of Gregory Pierce as Operating Chairman of Board.
With expertise in cloud trends, systems integration, security, scale computing and emerging technology strategies, Pierce was the co-founder and Chief Cloud Officer of Concerto Cloud Services, an affiliate company of Microsoft Dynamics 365 integrator, Tribridge, and helped lead their strategic acquisition to IT services company DXC Technology, in 2017. In that capacity, he led the development of the Concerto Private Cloud with extension into Azure and AWS platforms with the company being recognized as a “Top 15 Cloud Services Provider” and “Coolest Cloud Vendor in the Country” with more than $30 million in revenue. He currently serves as Chief Strategy Officer & Vice President of DXC Microsoft Americas focused on infrastructure, managed services and cloud solutions for customers throughout the U.S. and is nationally recognized as an expert in the areas of emerging and disruptive technologies.
“Blockchain is poised for explosive growth,” said Pierce. “I couldn’t be happier to be part of one of the leading blockchain success stories in the country.”
“We are thrilled to make this election to our board,” said Rosa Shores, Co-Founder and CEO of BlockSpaces. “Greg’s experienced leadership within the enterprise software space, as well as his success at scaling startup ventures, will be instrumental in helping to lead BlockSpaces through our next phase of growth.”
In conjunction with the election of Pierce, the company introduced a new operating model and 2 additional members of their management team. The new operating model, which is centered on a new product-based business segment, will position the company to have a stronger emphasis on the development of their core Platform-as-a-Service (PaaS), Harmonia, which is aimed at mid-market companies seeking to integrate blockchain with their legacy systems. Also joining the team is Charles Dyer, also previously with DXC, who will be taking over the role of Chief Operating Officer, and Chris Tyler, from IBM, who will be leading the company's technology team, as Chief Technology Officer, with their shift to enterprise focused blockchain development. Both Dyer and Tyler bring with them decades of Fortune 200 enterprise software development and product go-to-market experience.
“The opportunity for BlockSpaces now is to scale and support blockchain adoption in the mid-market enterprise with Harmonia." said Dyer. "I’m excited for the opportunity to reinforce and accelerate continued innovation, quality, and growth.”
“I have been working with BlockSpaces for over two years now as an advisor to them and their partner organizations on enterprise blockchain and IBM partner programs,” said Tyler. “They have always been a thought leader in the use of multiple blockchain technologies and I’m excited to be a part of their future. Harmonia will simplify our customers’ adoption of blockchain by easily integrating the multiple systems and processes they use with a variety of blockchain networks, and will allow our customers to fully recognize the benefits promised by these networks.”
BlockSpaces opened its doors in Tampa in late 2017. At that time, co-founders, Rosa Shores and Gabe Higgins, both early adopters of blockchain, saw local demand for a collaborative space dedicated to developers and enthusiasts of the technology. Over the past year, the company has shifted focus to internal product development of enterprise solutions and raised $100,000 from a local angel investor in January. After completing a blockchain based distributed ID Proof of Concept for the Seminole County Tax Collector's office in March, the company had just kicked off a seed round of investment in March when the COVID-19 pandemic closed down their Embarc Collective office in downtown Tampa. “Although the pandemic initially stalled the seed round in Q1, we have seen an uptick in interest around blockchain solutions which added a significant pipeline to our existing funnel and solidified product-market fit for our PaaS integration platform,” said Dyer.
“We have been in this industry since 2012, and our mission has always been to accelerate the adoption of blockchain technology to transform business, industry and society,” said co-founder, Gabe Higgins. “As enterprise blockchain adoption continues to explode, we are seeing mid-market companies left under-served and unable to easily integrate with enterprise blockchain solutions and participate in networks that will impact their entire industry. Our new model will allow us to be more nimble and pursue new growth opportunities in a disciplined way that ultimately meets our customers’ needs no matter what stage of development they are in with this transformative technology. We are excited about the plans Greg and our new leadership team members have developed to move BlockSpaces to greater levels of success, as we kick off this capital raise.”
BlockSpaces, based in Tampa, Florida is a blockchain and distributed ledger technology focused product development company that offers end to end business solutions, including blockchain consulting and education, custom full-stack software product development, technical support for enterprise, and community support for a marketplace of blockchain applications. For more information visit blockspaces.io or contact firstname.lastname@example.org
Wednesday, 17 June 2020 01:00
Blockchain adoption within the enterprise has continued to increase over the past year, despite the impact of COVID-19 on the business landscape. In fact, we have seen an increase in real-world blockchain use cases within specific industries. The recent survey conducted by Deloitte on Global Blockchain in 2020 reveals that blockchain has moved from promise to reality.
When blockchain made its debut over 10 years ago, it was widely viewed as a one trick pony supporting the novel cryptocurrency phenomenon. Today, we have an emerging technology that has become a game-changing, disruptive and foundational technology within many industries.
Deloitte’s latest survey shows that almost 40% of respondents from major technology companies worldwide currently have blockchain in production and almost nine in ten think blockchain will become more important in the next three years.
Large enterprises (over $1B in revenue) have emerged as early adopters of the technology with 55% of them stating that blockchain is not only critical, but it is in their top 5 strategic priorities over the next 24 months.
While large enterprises continue to implement these solutions within their business and ecosystem; mid-market companies are being left behind. The pandemic has been devastating to many mid-market companies, gutting their revenues, and causing them to pull back on any investment. Additionally, mid-market companies are discovering that blockchain is hard, and they don’t have access to resources and talent to help them implement, or even connect, into these blockchain enabled ecosystems.
BlockSpaces has focused its collective efforts by developing a cloud-based middle-ware PaaS that simplifies integration of systems and software connecting mid-market companies to enterprise blockchain solutions and networks.
BlockSpaces Connect enables integration of both private and public blockchains allowing transactions that require different blockchain protocols to be executed efficiently from a single source. Although there are now hundreds of blockchain networks in operation, they are unable to integrate with each other, and interoperability solutions have primarily been focused on public (permission-less) blockchain networks leaving enterprise-focused, private (permissioned) blockchain integration solutions lacking.
If you are interested in learning more about blockchain or how BlockSpaces is bridging the gap between mid-market and enterprise, visit our website at: https://blockspaces.io, or call us to start the conversation.