Daily Newsletter

17 October 2023

Daily Newsletter

17 October 2023

AI sports platform and Solve.Care partner to leverage AI technology

New partnership between Solve.Care and Lillius aims to deliver AI, motion tracking and celebrity athlete guidance to the healthcare industry.

Kiays Khalil October 17 2023

An agreement between artificial intelligence (AI) based sports platform and decentralised healthcare platform Solve.Care will deliver gamification, AI, advanced motion tracking, and celebrity professional athletes’ guidance to its user base.

With the use of blockchain technology, Solve.Care provides a decentralised health platform, Care. Platform, which they claims gives users security when managing health data.

Expressing her excitement for the partnership, Pradeep Goel, CEO of Solve.Care said: “We aim to make healthcare more accessible, efficient, and technologically advanced, ultimately benefitting individuals and communities worldwide. This partnership expands on our efforts to explore more AI learning opportunities that will add functionality to our Care.Platform."

The collaboration between both companies will aim to analysehealthcare and exercise data to provide a better service to its users while leveraging Solve.Care's Care.Wallet and Lillius applications.

"With this agreement, we will work together with Solve.Care to create a desirable ecosystem where everyone can enjoy a healthy life by utilizing blockchain technology," said Jooyeon Kim, CEO of Lillius. "It will be a springboard for us to provide advanced healthcare services in addition to Lillius' technology competitiveness and content core competencies."

In September 2023, Solve.Care teamed up with Binace Pay allowing over 70 cryptocurrencies to be used for payments and highlighted another step for adoption of crypto in the healthcare industry.

Despite the 2022 crypto winter, institutional and retail interest in crypto has grown, with governments positioning themselves as crypto hubs. The market value of all cryptocurrencies declined by 64% in 2022 to below $800 billion but bounced back in 2023 to reach $1.1 trillion on May 16, 2023.

AI will become a key driver of medical device innovation

The medical devices industry is highly regulated and therefore can be slow to adopt new technologies to modernize. However, it is realizing the benefits that AI can bring, and AI is now being used in different areas across the entire value chain. Common use cases include data management, remote surgery, diagnostic and procedural AI assistants, and clinical trial design. GlobalData estimates that the AI in medical devices market is expected to grow at a CAGR of >29% by 2027.

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