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 Partners with Hacken to Enhance Blockchain Security

Miłosz

21 Nov 2024
Nextrope Partners with Hacken to Enhance Blockchain Security

Nextrope announces a strategic partnership with Hacken, a renowned blockchain security auditor. It marks a significant step in delivering reliable decentralized solutions. After several successful collaborations resulting in flawless smart contract audits, the alliance solidifies the synergy between Nextrope's innovative blockchain development and Hacken's top-tier security auditing services. Together, we aim to set new benchmarks, ensuring that security is an integral part of blockchain technology.

Strengthening Blockchain Security

The partnership aims to fortify the security protocols within blockchain ecosystems. By integrating Hacken's comprehensive security audits with Nextrope's cutting-edge blockchain solutions, we are poised to offer unparalleled security features in our projects.

"Blockchain security should never be an afterthought"

"Our partnership with Hacken underscores our dedication to embedding security at the core of our blockchain solutions. Together, we're building a safer future for the industry."

said Mateusz Mach, CEO of Nextrope

About Nextrope

Nextrope is a forward-thinking blockchain development house specializing in creating innovative solutions for businesses worldwide. With a team of experienced developers and blockchain experts, Nextrope delivers high-quality, scalable, and secure blockchain applications tailored to meet the unique needs of each client.

About Hacken

Hacken is a leading blockchain security auditor known for its rigorous smart contract audits and security assessments. With a mission to make the industry safer, Hacken provides complex security services that help companies identify and mitigate vulnerabilities in their applications.

Looking Ahead

As a joint mission, both Nextrope and Hacken are committed to continuous innovation. We look forward to the exciting opportunities this partnership will bring and are eager to implement a more secure blockchain environment for all.

For more information, please contact:

Nextrope

Hacken

Join us on our journey to deliver top-notch blockchain tech and a safer future for the industry!

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.