The power of 5G – can remote surgery transform the healthcare industry?

15

October

2019

5/5 (1)

Within the past years, wireless technology is considerably changing the healthcare industry. Especially in the last years the progress of using 5G in the healthcare industry brought the industry closer to remotely controlled robot performing surgery. The beginning made a surgeon Team in Barcelona, where doctors succeeded with a remote surgery using 5G. The crucial difference with 5G-powered telementored surgery is the improved resolution of images which is essential for medical teams, in order to take decision and reduce the amount of mistakes to a bare minimum (Mobile world capital Barcelona 2019). Quickly after the team in Barcelona succeeded, Doctors in China were able to perform remote surgery on a Parkinson patient, with a distance of 1,900 miles (Gong 2019).

The advantages of using 5G are astonishing. First and foremost, 5G reduces the latency to an almost instantaneous 2 milliseconds between devices, allowing surgeons to work in a real time pace, with nearly no interruptions. Its faster speed and vast data capacity fundamentally changes the experience of remote surgery. As for the surgery in Spain, the 5G remote connection had a lag time of only 0.01 seconds which is enormous compared to the latency period of 4G that takes 0.27 seconds. So far the latency remained the largest bottleneck of remote surgeries as the delay might have caused fatal consequences for patients. However, with the introduction of 5G and the increase in remote surgery options new benchmarks should be identified (Frost 2019) .

Regardless of the advantages that 5G and telementored surgery could bring, it also raises ethical questions that should be discussed. The most pressing question, which can be retrieved from different robotic related topics is in case of technical issues who bares the responsibility for damages, technical failure and their consequences (Ferrarese et al., 2016)?

The past literature has specifically excluded the surgeons from any legal responsibility for remote surgeries and implied the manufacture of the instruments. However, according to experts, with the increased use of RS, the responsibility should shift also to the patients as they have to consider the threats and flaws of todays technologies. Overall, the question remains – should the future also make surgeons responsible? Or will they even be needed in the modern era of medicine including robotics?

https://www.youtube.com/watch?v=mlYzXkO9XwQ

 

References:

Ferrarese, A., Pozzi, G., Borghi, F., Marano, A., Delbon, P., Amato, B., Santangelo, M., Buccelli, C., Niola, M., Martino, V. and Capasso, E. (2016). Malfunctions of robotic system in surgery: role and responsibility of surgeon in legal point of view. Open Medicine, 11(1).

Frost, C. (2019). ‘5G is used to perform remote surgery from thousands or miles away, and it could transform the healthcare industry’ Available on https://www.businessinsider.nl/5g-surgery-could-transform-healthcare-industry-2019-8?international=true&r=US[Accessed on 12 October 2019]

Gong (2019). ‘China completes world’s first 5G remote surgery in test on animal’ Available on https://www.scmp.com/video/china/2181656/china-completes-worlds-first-5g-remote-surgery-test-animal [Accessed on 11 October 2019]

Mobile world capital Barcelona. (2019). ‘Barcelona hosts the first 5G tele-mentored surgery’. Available on https://mobileworldcapital.com/press/barcelona-hosts-the-first-5g-tele-mentored-surgery/[Accessed on 11 October 2019]

 

Please rate this

Who would have thought – The world number one currency is not Bitcoin!

5

October

2019

5/5 (1)

 

While hard facts on trading volumes are impossible to find, recent data from CoinMarketCap.com highlight that even with a 30 times smaller market capitalisation Tether is the token with the highest monthly trading volume. Tether’s volume firstly surpassed bitcoin in April and ever since exceeded the trading volume of other cryptocurrencies. While Bitcoin still has the largest market capitalisation, Tethers current trading volume is around 20 percent higher than the one of Bitcoin (CoinMarketCap.com 2019).

Screen Shot 2019-10-05 at 13.27.41

Currently, Tether is the worlds most traded stablecoin, which is a special category of tokens that try to reduce fluctuations through currency pegs or reserves, which lays out the start for interested traders into the cryptocurrency market. This is especially valuable for countries where cryptocurrencies are forbidden, as people can simply exchange cash for the cryptocurrencies. They then can exchange Tether for other currencies such as Bitcoin or XRP and therefore get access to all other types of cryptocurrencies (Muriuki, 2019) .

Even though, Tether is the most traded cryptocurrency by volume, many people don’t even know that they make use of the stablecoin, as it is governed in an impermeable way. Unlike Bitcoin, which has no central bank nor a main owner, Tether belongs to a privately owned company which is based in Hong Kong – Bitfinex. Therefore, the exact way, how the tokens supply is raised or cut is unknown to all of its stakeholders. So far Tether is also not independently audits which increased the concern and the blurred lines around the token. In May 2019, lawyers admitted that the currency is not 100 percent backed with cash, however the current market does not seem to care (Alper, 2019). This admission was rather forced than voluntarily, as Tether is being sued by the city of New York, for previously hiding the loss of more than $850 million of corporate funds and other clients (Kharif, 2019).

However, the tumults of the past months do not seem to slow down the volume of trade. It seems that, the currency might bring its risks to the table but somehow, outweighs its downsides and keeps its acceptance and trust in the market. So what comes next –  will Tether also outweigh bitcoin in form of importance?

References:

Alper, T. (2019). “Crypto Market Ignores Tether’s Backing News”. Available at: https://cryptonews.com/news/crypto-market-ignores-tether-s-backing-news-3782.htm [Accessed 4 Oct. 2019].

CoinMarketCap (2019). “Monthly Volume Rankings (Currency)”. Available at: https://coinmarketcap.com/currencies/volume/monthly/ [Accessed 5 Oct. 2019].

Kharif, O. (2019). ”The World’s Most-Used Cryptocurrency Isn’t Bitcoin”. Available at: https://medium.com/amcgroup/the-worlds-most-used-cryptocurrency-isn-t-bitcoin-70c2f4bcd48a [Accessed 3 Oct. 2019].

Muriuki, W. (2019). “Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?”. Available at: https://www.coinspeaker.com/tether-worlds-most-used-cryptocurrency-bitcoin/

Perez, Y. (2019). “Dollar-pegged stablecoin Tether is now the world’s 4th biggest cryptocurrency”. Available at: https://thenextweb.com/hardfork/2019/09/25/dollar-pegged-stablecoin-tether-is-now-the-worlds-4th-biggest-cryptocurrency/ [Accessed 4 Oct. 2019].

Rick, D. (2019). “Crypto Community Reacts to Tether Admitting USDT Not Fully Backed”. Available at: https://www.newsbtc.com/2019/04/30/crypto-community-reacts-to-tether-admitting-usdt-not-fully-backed/ [Accessed 3 Oct. 2019].

 

Please rate this