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Blockchain Life Saving Applications Changing the Healthtech IndustryPALM BEACH, Florida, March 21, 2018 /PRNewswire/ -- Marketnewsupdates.com News Commentary StreetSignals.com News Commentary: The World Health Organization estimates that contaminated food kills 420,000 people every year, 125,000 of whom are children under the age of five. One in 10 people fall sick from eating contaminated food. These are sobering statistics indeed. You've probably experienced a nasty case of food poisoning before yourself. It's no wonder then that healthtech is a growing industry and that companies such as HealthSpace Data Systems Ltd. (CSE: HS) (OTC: HDSLF) (Frankfurt: 38H), Tyler Technologies, Inc. (NYSE: TYL), Cerner Corporation (NASDAQ: CERN), Athenahealth, Inc. (NASDAQ: ATHN), and Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) have all performed strongly. Transparency Market Research estimates that the healthtech industry is a $6.8 billion market, while Frost & Sullivan forecasts it to hit almost $10 billion by 2021 with a double digit average compound annual growth rate. One of the latest innovations being brought to the industry is blockchain technology. The blockchain is an immutable record of data, which makes it ideal for recording the food supply chain. By integrating blockchain technology within the food supply chain, producers and authorities will be able to trace contaminated food to its source almost immediately. The major industry players have already recognized this. In August 2017, a consortium of food giants including Walmart, Nestle, and Unilever announced that they were partnering with IBM to explore using blockchain technology in its food supply chain. Here's what Frank Yiannas, vice president for food safety at Walmart had to say in a press statement. "Blockchain technology enables a new era of end-to-end transparency in the global food system - equivalent to shining a light on food ecosystem participants that will further promote responsible actions and behaviors." The message is clear. Blockchain technology is so much more than just 'crypto-mania' and questionable ICOs. The applications of this technology could literally save lives. Another company that has recognized the potential of blockchain technology to improve supply chain tracking in various industries is HealthSpace Data Systems Ltd. ("HealthSpace"). HealthSpace Data Systems Ltd. (CSE: HS) (OTC: HDSLF) (Frankfurt: 38H) is one of the few remaining independent health tech providers in the industry. It is a Software-as-a-Service ("SaaS") company that focuses on cloud-based data management and analytics software as well as regulatory inspection software. In North America, it has established itself as an industry leader in regulatory inspection software for environmental health departments. Disclaimer: Streetsignals.com (SS) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) which solely owns Marketnewsupdates.com, is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with SS or any company mentioned herein. The commentary, views and opinions expressed in this release by SS are solely those of SS and are not shared by and do not reflect in any manner the views or opinions of FNM. 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