AI in medicine – the greatest revolution of the 21st century?

Maciej Zieliński

23 Jan 2021
AI in medicine – the greatest revolution of the 21st century?

Will artificial intelligence change the face of modern medicine? All signs point to yes, and sooner than we might expect. 

A key feature of tools based on artificial intelligence technology is the ability to recognise relevant relationships in raw data. It turns out that this ability can be used in virtually all areas of medicine. Already, AI technology is enabling medical staff to tackle problems that are time-consuming and inefficient to solve on their own. On the Nextrope blog, we present what we believe are the 3 most interesting applications of AI in medicine.

 

Sorting out information chaos 

Dozens of clinical trials are published daily. Many experts and doctors agree that in such a plethora of data, it becomes increasingly difficult to select those relevant to the case of a particular patient. As in many other fields, also in medicine the demand for tools that will assist humans in combing through information seems to be higher than ever. This is where artificial intelligence comes to the rescue.

AI technologies allow doctors to find information in unstructured medical literature in a faster and more efficient way. This makes it easier for them to keep up with scientific developments, update procedures and make more accurate decisions about patient treatment. An example of such Technology is IBM Watson, used by doctors and researchers to extract valuable insights from millions of health reports, patient data records, clinical trials and medical journals.

Medical imaging 

Even tests carried out using the best quality equipment are always subject to the risk of observer error if the data acquired is analysed solely by a human. Such an error can be extremely costly for both patient and doctor. The use of AI algorithms can provide a much smaller margin of error than standard solutions. Machines are simply much more accurate than humans, faster and do not make mistakes resulting from, for example, fatigue. 

Recent studies, such as tests of an algorithm created by Google to detect early stages of breast cancer, show that artificial intelligence solutions are able to achieve results more than 50% better than traditional methods. Over the past few years, several solutions using AI in diagnostic imaging have hit the market. These include CT analysis tools from NVIDIAand Siemens, and Aidoc'sX-ray analysis software, which is already used in more than 100 hospitals worldwide.

Cancer diagnostics

In an effort to enable early diagnosis of various types of cancer, a Romanian start-up has developed the highly accurate AI-MICADIStool. Instead of the circulating DNA molecules or tumour cells commonly used for this purpose, it focuses on examining circulating microRNA molecules. It uses AI algorithms to analyse polymerase chain reaction (PCR), microarray and next-generation sequencing (NGS) data, which are important factors in detecting the earliest stages of cancer development. "By selecting relevant molecular alterations and using artificial intelligence, we have created the best available non-invasive method for diagnosis and early detection of many types of cancer" - explains Alexandru Floares, AI-MICADIS project coordinator. 

The tool is now able to not only detect 13 types of cancer, but also distinguish between malignant and benign forms. "Ultimately, we achieved a 99% accuracy rate and equipped the tool with the ability to distinguish between malignant and benign forms of the disease, "says Floares, "Furthermore, we have demonstrated that using data analytics and artificial intelligence to combine different tests outperforms a single large-scale test in terms of cost, efficiency and results."

AI in medicine - opportunities for development?

The use of AI in medicine has become a reality, not just an optimistic forecast for the future. Unfortunately, it will still be years before artificial intelligence is widely used in every hospital in the world.

 However, everything indicates that in the near future we can expect big increases in the market for AI solutions in medicine. According to the Yole report, its cumulative annual growth rate for 2020-2025 will be as high as 36%, making it one of the fastest growing markets in the IT sector. According to the company's analysts, its total value is expected to exceed $2.7 billion in 2025. Maybe a visit to a robot doctor isn't such a distant prospect after all?

Want to know more about using the latest IT technologies in medicine? Check out our article on howBlockchain is supporting the development of healthcare. And if you are interested in prospective areas of implementation of artificial intelligence algorithms, readour article on AI in education.

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Nextrope as Sponsor at ETH Warsaw 2024: Highlights

Miłosz

04 Oct 2024
Nextrope as Sponsor at ETH Warsaw 2024: Highlights

ETH Warsaw has established itself as a significant event in the Web3 space, gathering developers, entrepreneurs, and investors in the heart of Poland’s capital each year. The 2024 edition was filled with builders and leaders united in advancing decentralized technologies.

Leading Event of Warsaw Blockchain Week

As a blend of conference and hackathon, ETH Warsaw aims to push the boundaries of innovation. For companies and individuals eager to shape the future of tech, the premier summit during Warsaw Blockchain Week offers a unique platform to connect and collaborate.

Major Milestones in Previous Editions

  • Over 1,000 participants attended the forum
  • 222 hackers competed, showcasing groundbreaking technical skills
  • $119,920 in bounties was awarded to boost promising solution development

Key Themes at ETH Warsaw 2024

This year’s discussions were centered around shaping the adoption of blockchain. To emphasize that future implementation requires a wide range of voices, perspectives, and understanding, ETH Warsaw 2024 encouraged participation from individuals of all backgrounds. As the industry stands on the cusp of a potential bull market, building resilient products brings substantial impact. Participants mutually raised an inhibitor posed by poor architecture or suspicious practices.

Infrastructure and Scalability

  • Layer 2 (L2) solutions
  • Zero-Knowledge Proofs (ZKPs)
  • Future of Account Abstraction in Decentralized Applications (DApps)
  • Advancements in Blockchain Interoperability
  • Integration of Artificial Intelligence (AI) and Machine Learning Models (MLMs) with on-chain data

Responsibility

With the premise of robust blockchain systems, we delved into topics such as privacy, advanced security protocols, and white-hacking as essential tools for maintaining trust. Discussions also included consensus mechanisms and their role in the entire infrastructure, beginning with transparent Decentralized Autonomous Organizations (DAOs).

Legal Policies

The track on financial freedom led to the transformative potential of decentralized finance (DeFi). We tackled the challenges and opportunities of blockchain products within a rapidly evolving regulatory landscape.

Mass Adoption

Conversations surrounding accessible platforms underscored the need to simplify onboarding for new users, ultimately crafting solutions that appeal to mainstream audiences. Contributors explored ways to improve user experience (UX), enhance community management, and support Web3 startups.

ETH Legal, co-organized with PKO BP and several leading law firms, studied the implementation of the MiCA guidelines starting next year and affecting the market. It aimed to dissect the complex policies that govern digital assets.

Currently, founders navigate a patchwork of regulations that vary by jurisdiction. There is a clear need for structured protocols that ensure consumer protection and market integrity while attracting more users. Legal experts broke down the implications of existing and anticipated changes on decentralized finance (DeFi), non-fungible tokens (NFTs), business logic, and other emerging technologies.

The importance of ETH Legal extended beyond theoretical discussions. It served as a vital forum for stakeholders to connect and share insights. Thanks to input from renowned experts in the field, attendees left with a deeper understanding of the challenges ahead.

Warsaw Blockchain Week: Nextrope’s Engagement

The Warsaw Blockchain Week 2024 ensured a wide range of activities, with a packed schedule of conferences, hackathons, and networking opportunities. Nextrope actively engaged in several side events throughout the week and recognized the immense potential to foster connections.

Side Events Attended by Nextrope

  • Elympics on TON
  • Aleph Zero Opening Party
  • Cookie3 x NOKS x TON Syndicate
  • Solana House

Nextrope’s Contribution to ETH Warsaw 2024

At ETH Warsaw 2024, Nextrope proudly positioned itself as a Pond Sponsor of the conference and hackathon, reflecting the event's mission. Following a strong track record of partnerships with large financial institutions and startups, we seized the opportunity to share our reflections with the community.

Together, we continue to innovate toward a more decentralized and inclusive future. By actively participating in open conversations about regulatory and technological advancements, Nextrope solidifies its role as an exemplar of dedication, forward-thinking, and technological resources.

Nextrope on Economic Forum 2024: Insights from the Event

Kajetan Olas

14 Sep 2024
Nextrope on Economic Forum 2024: Insights from the Event

The 33rd Economic Forum 2024, held in Karpacz, Poland, gathered leaders from across the globe to discuss the pressing economic and technological challenges. This year, the forum had a special focus on Artificial Intelligence (AI and Cybersecurity, bringing together leading experts and policymakers.

Nextrope was proud to participate in the Forum where we showcased our expertise and networked with leading minds in the AI and blockchain fields.

Economic Forum 2024: A Hub for Innovation and Collaboration

The Economic Forum in Karpacz is an annual event often referred to as the "Polish Davos," attracting over 6,000 participants, including heads of state, business leaders, academics, and experts. This year’s edition was held from September 3rd to 5th, 2024.

Key Highlights of the AI Forum and Cybersecurity Forum

The AI Forum and the VI Cybersecurity Forum were integral parts of the event, organized in collaboration with the Ministry of Digital Affairs and leading Polish universities, including:

  • Cracow University of Technology
  • University of Warsaw
  • Wrocław University of Technology
  • AGH University of Science and Technology
  • Poznań University of Technology

Objectives of the AI Forum

  • Promoting Education and Innovation: The forum aimed to foster education and spread knowledge about AI and solutions to enhance digital transformation in Poland and CEE..
  • Strengthening Digital Administration: The event supported the Ministry of Digital Affairs' mission to build and strengthen the digital administration of the Polish State, encouraging interdisciplinary dialogue on decentralized architecture.
  • High-Level Meetings: The forum featured closed meetings of digital ministers from across Europe, including a confirmed appearance by Volker Wissing, the German Minister for Digital Affairs.

Nextrope's Active Participation in the AI Forum

Nextrope's presence at the AI Forum was marked by our active engagement in various activities in the Cracow University of Technology and University of Warsaw zone. One of the discussion panels we enjoyed the most was "AI in education - threats and opportunities".

Our Key Activities

Networking with Leading AI and Cryptography Researchers.

Nextrope presented its contributions in the field of behavioral profilling in DeFi and established relationships with Cryptography Researchers from Cracow University of Technology and the brightest minds on Polish AI scene, coming from institutions such as Wroclaw University of Technology, but also from startups.

Panel Discussions and Workshops

Our team participated in several panel discussions, covering a variety of topics. Here are some of them

  • Polish Startup Scene.
  • State in the Blockchain Network
  • Artificial Intelligence - Threat or Opportunity for Healthcare?
  • Silicon Valley in Poland – Is it Possible?
  • Quantum Computing - How Is It Changing Our Lives?

Broadening Horizons

Besides tuning in to topics that strictly overlap with our professional expertise we decided to broaden our horizons and participated in panels about national security and cross-border cooperation.

Meeting with clients:

We had a pleasure to deepen relationships with our institutional clients and discuss plans for the future.

Networking with Experts in AI and Blockchain

A major highlight of the Economic Forum in Karpacz was the opportunity to network with experts from academia, industry, and government.

Collaborations with Academia:

We engaged with scholars from leading universities such as the Cracow University of Technology and the University of Warsaw. These interactions laid the groundwork for potential research collaborations and joint projects.

Building Strategic Partnerships:

Our team connected with industry leaders, exploring opportunities for partnerships in regard to building the future of education. We met many extremely smart, yet humble people interested in joining advisory board of one of our projects - HackZ.

Exchanging Knowledge with VCs and Policymakers:

We had fruitful discussions with policymakers and very knowledgable representatives of Venture Capital. The discussions revolved around blockchain and AI regulation, futuristic education methods and dillemas regarding digital transformation in companies. These exchanges provided us with very interesting insights as well as new friendships.

Looking Ahead: Nextrope's Future in AI and Blockchain

Nextrope's participation in the Economic Forum Karpacz 2024 has solidified our position as one of the leading, deep-tech software houses in CEE. By fostering connections with academia, industry experts, and policymakers, we are well-positioned to consult our clients on trends and regulatory needs as well as implementing cutting edge DeFi software.

What's Next for Nextrope?

Continuing Innovation:

We remain committed to developing cutting-edge software solutions and designing token economies that leverage the power of incentives and advanced cryptography.

Deepening Academic Collaborations:

The partnerships formed at the forum will help us stay at the forefront of technological advancements, particularly in AI and blockchain.

Expanding Our Global Reach:

The international connections made at the forum enable us to expand our influence both in CEE and outside of Europe. This reinforces Nextrope's status as a global leader in technology innovation.

If you're looking to create a robust blockchain system and go through institutional-grade testing please reach out to contact@nextrope.com. Our team is ready to help you with the token engineering process and ensure your project’s resilience in the long term.