Day: October 11, 2021

WM provides details of some top-level considerations for creating a Global Exchange and Digital Currency in the USD 10 000+ Trillion Per Annum Transactions Markets – where it is a potential sector-influencer, why its valuation is only USD 224 Billion, and why its revaluation to include its reconfigured TUV Digital Currency will be just as conservative

ST PETER PORT, Guernsey and NEW YORK, Oct. 11, 2021 (GLOBE NEWSWIRE) — In response to multiple queries received, Global telephony Provider Webtel.mobi (“WM”) provides top-level comment on some of the strategic considerations taken into account when developing a Global Exchange Mechanism and Globally-Operational Digital Currency. A summary of these considerations is as follows:

Understand the Structure of the Global Financial and Economic Systems
The execution-level of the Global Financial and Economic Systems is extremely fractured, but its top-level is not. It is well coordinated at the top-level by a variety of international organizations. Knowledge of the top-level coordinating structures and the volumes in these systems will dispel much of the superfluous discussion that takes place regarding alternative or reform structures and processes. Some examples are:

• Cryptocurrencies that derive their value from applying Artificial Scarcity through limitation of coins volumes will only ever have maximum value within their systems of USD 1 Trillion to 1.5 Trillion. However, just global FX Gross Payment Obligations exceed USD 18.7 Trillion per day (X 260 = USD 4 862 Trillion per annum) – and this is just one of over 10 markets with daily volumes in the USD multi-Trillions. Cryptocurrencies therefore cannot provide an alternative to the current system from a volume perspective (details of the USD 18.7 Trillion per day FX Market Gross Payment are in the Resources section of this article).
• Discussions on proposed CBDCs disregard that the majority of all Central Bank Money is already Digital Currency. They also disregard that all Central Banks coordinate their actions under the auspices of the Basel Committee on Banking Supervision, so they do not pose threats to one another. There is therefore, in reality, no “Digital Dollar” versus “Digital Yuan” threat, or “race” to develop a CBDC (see details in the Resources).

Uninformed debate on these matters should be replaced with informed discussion and clear identification of what is being sought. What is being sought is global digitalization of all currency for both national and international utilization, in a seamless manner, that sees to multicurrency transference, payment, convertibility and redemption – via a functioning global exchange mechanism facilitating any transaction type to, in, or from any country, for States, Organizations, Companies or individuals, that replaces current digital and cash transactions – without destabilizing national economies or the global economy. This is what WM has created.

Attendance to Geopolitical and Geostrategic requirements takes precedence
Development of a globally usable Digital Currency gives access to astronomically large volumes of global market transactions. However, it simultaneously requires attendance to a correspondingly astronomically large number of requirements and responsibilities for the insurance of international stability. This requires satisfactory structuring of Geopolitical, Geostrategic requirements before one attends to the legal, regulatory, economic, financial, commercial, and technical requirements (which are also extraordinarily large in number and scope). This is one of the reasons that WM took nine years to complete its full operational testing to ensure these matters had been satisfactorily attended to.

Adopt an “Evolution not Revolution” approach
The current Global Financial System has multiple inefficiencies and deficiencies – but it nevertheless functions. It is moreover essential that it continues to function until an orderly transition to another system takes place – because if it does not, global anarchy and chaos will result. Merely calling for the current System’s dissolution without offering a functioning viable alternative serves no purpose. Therefore, it is better to examine and understand the causes of the current System’s negative and/or inefficient aspects, and then try to reform them in an evolutionary manner. This is what WM has done with the creation of its fully operational Global Financial System that operates in parallel to the existing system without destabilizing it. This provides for an orderly and voluntary transition to its use – on an elective basis – and does not introduce systemic stress.

Apply a 21^st Century Mindset, Structures and Processes
The current Global Financial and Economic Systems functions according to a mindset based on the world as it was structured in (primarily) the 17^th to 20^th centuries – but primarily in the 19^th Century. Moreover, the systems and processes it runs on are 20^th Century systems and processes. However, this is the 21^st century – and the 19th Century mindset and 20^th Century systems and processes simply cannot cope. The problem is they literally cannot be stopped to be rebuilt or restructured. These Systems are like a person on a perpetual-motion treadmill. If the person stops running, he/she will fall. Similarly, if any of the legs of the prevailing Systems are stopped to rebuild or to be restructured, the entire system will fall. These Systems literally cannot stop – and so their existing structures cannot be reformed. This is one of the reasons why WM kept its user-group limited during its nine years of fully-operational testing – precisely so it would be able to shut down its platform 1 to be able to rebuild its Platform 2. With too many Members, it would simply not have been possible for WM to shut Platform 1 down due to legal and regulatory considerations, ongoing financial transactions of businesses and individual members, etc. However, due to its strategic decision, WM was able to shut down its Platform 1 and rebuild its Platform 2 to be completely optimized for 21^st Century requirements.

Align with Regulation and Regulators
Often, Regulatory Regimes and Regulators are regarded as situations or entities to be avoided. The polar opposite is the case. A company must always sit firmly within an identified and confirmed sector and its identified and confirmed regulatory requirements – which it should stay within and not stray outside of. Similarly, close contact should be kept with all relevant Regulatory Agencies. They have decades of experience in ensuring market stability, and their experience is invaluable in assisting companies with advice and guidance. They are not opponents – they are a company’s greatest allies in advising against predictable issues before they arise. This is the approach WM has always followed.

Reduce potential corporate vulnerabilities
Provision of such essential services must be carried out from a sustainable and robust base, so there is no threat to the continuation of the essential services being provided. On a technical and operational level, WM ensured it is in a situation of zero-debt, decentralization of infrastructure to ensure continued operations in all circumstances, reduction of infrastructure and personnel requirements due to the use of a Complex Adaptive System for the majority of its operational, security and administration functions. On a corporate structure level, WM ensured it had no large corporate or institutional shareholders – being funded in totality by its founders and a small group of under 300 private shareholders. It also did not list on any Stock Exchange – despite obtaining eligibility to list on the main board of one of the world’s Top 5 Stock Exchanges in 2011. This is because the large Stock Exchanges are private companies, owned by companies that WM would potentially partially or fully disintermediate in respect of some of their other commercial operations. It would consequently be risky to be listed on an Exchange owned by them. Instead, WM has its own “Share Swap” Facility on its Platform, on which its shareholders and all qualified Members of WM can buy and sell WM shares among each other within an internal and non-public Members-Only Closed Loop system, as supervised by its Resident Agent firm. Therefore, WM’s corporate vulnerabilities have all been mitigated or removed.

Adopt a neutral and non-aligned position both Geopolitical and Commercial perspectives
As WM’s service-provision is to all countries, in all currencies, for all transactions, it has adopted a completely neutral and non-aligned Geopolitical approach regarding all its activities (subject to adherence to all international rules and laws accepted and applied by Guernsey – which includes UK, EU, USA and other guidance and resolutions in respect of sanctions). Similarly, as WM is a System not a product, and the majority of companies worldwide can use its services, it adopts a similarly non-aligned and neutral stance towards all companies – subject again to relevant rules, laws and sanctions lists.

Know and acknowledge your limits, and constantly implement Confidence-Building measures
From Standard Oil Company in the USA to Yukos in the Russian Federation – and for time immemorial – the graveyards of commercial history are littered with the bodies of commercial entities that did not understand or acknowledge the limits of their powers, and tried to take on or defy States. No matter its power or capacity, a company is not a State, and should never overstep its boundaries and try to act like – or defy / take on – a State. Due to the scope and reach of WM’s System – and the transactions volumes it has access to – its requirements and considerations far surpass commercial considerations only, and include the requirements to practice Statecraft. However, at the same time, WM knows and acknowledges its limits, and stays within them. WM also underwent 30+ due diligences in multiple countries internationally, had the Levy Economics Institute thoroughly review the system, and has – through these confidence-building measures – demonstrated its capacities, its regulatory compliance and its restraint worldwide.

Be extremely conservative with pricing and corresponding valuations
It is an unprecedented situation where a company has a System that can provide sector-influencing services globally to, and in, all the world’s largest volume transactions markets – with transaction volumes in excess of USD 10 000+ Trillion per annum – simultaneously and with no immediate competitors. Additionally, due to WM being powered by its Artificial Intelligence Complex Adaptive System, its costs are virtually zero, and its revenue is virtually all net. Therefore, if it applied standard fees in percentage points, its revenues would comprise a significant proportion of global money supply. However, because that situation would be unreasonable – and because WM was built primarily as a reforming structure not a commercial structure – it provides its services at either zero cost or ultra-low cost. Similarly, its previous valuation by a leading global consultancy that valued WM at USD 224 Billion was carried out using extremely conservative workings based on penetrations and earnings on fractions of a percent – in order to overwhelmingly err on the side of caution and conservatism. Even its current revaluation – to include its TUV Global Digital Currency that can be used for all transactions types in digital or cash-replacement format, in all currencies and all countries worldwide – will similarly be carried out with the same extreme and overwhelming conservatism to keep the valuation within acceptable limits.

These represent some of the top-level considerations that were attended to by WM – and which must be attended to by any entity – if providing – or contemplating entry into a situation where one seeks to provide –Services in extremely large-volume and complex markets Global Markets that have the potential to impact on all countries and people.

Resources:

Media Contact:
Nick Lambert: wm@thoburns.com

Basel Committee on Banking Supervision:
https://www.bis.org/bcbs/membership.htm

USD 18.7 Trillion per day Gross FX Payment Obligations
https://www.bis.org/publ/qtrpdf/r_qt1912x.htm

Fate of Standard Oil Company:
https://en.wikipedia.org/wiki/Standard_Oil

Fate of Yukos:
https://en.wikipedia.org/wiki/Yukos

Research Reports on the Capacities of the WM System:
https://tinyurl.com/TUVresearch

Video on the Capacities of the WM System:
https://youtu.be/XYBrCikUhn8

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/311d9e72-ef0a-4a90-a6ab-57ad6f59755f

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Partnership to help create untapped opportunities for the ICC to engage with its diverse and large fan base across the globe

LONDON, Oct. 11, 2021 (GLOBE NEWSWIRE) — Sportradar (NASDAQ: SRAD) (“Sportradar” or “the Company”) today announced a global partnership with the International Cricket Council (ICC), making them the Official Data Distribution and Official Betting Live Streaming Partner of the ICC. Sportradar is a leading global provider of sports betting and sports entertainment products and services, and the number one provider of business-to-business solutions to the global sports betting industry based on revenue.

Spanning 275 top-tier matches, the partnership covers eight of the ICC’s leading men’s and women’s tournaments, starting in October with the ICC Men’s T20 World Cup hosted by India in the UAE and Oman, through to the ICC Men’s Cricket World Cup in 2023, also hosted by India.

Cricket has an estimated two-and-a-half billion fans worldwide. The partnership will create more opportunities for the ICC to engage with this fan base through Sportradar’s network of 1,000 media and sports-betting clients across 80 countries.

David Lampitt, Managing Director, Sports Content and Partnerships at Sportradar said: “Cricket is among the most popular sports globally, and we see huge potential to grow its fan base still further, helping fans interact with the game on an even deeper level.

“Our partnership with the ICC is an exciting step towards engaging those new fans and, with the full breadth of our unique technology powering it, we will deliver enhanced cricket content globally – across a range of platforms.”

Finn Bradshaw, Head of Digital at ICC said: “Innovative use of sports data is one of the key pillars of our digital strategy. This partnership with Sportradar will help us grow our global cricket fanbase and deepen our engagement with it.”

Backed by the technology and specialist cricket capabilities of InteractSport (part of Sportradar), Sportradar will deploy its Cricket Live Score Plus (CLS+) data-capture tool, enabling fielding positions and actions to be plotted for the very first time. The CLS+ solution will provide deep, rich, live ball-by-ball match data to media platforms via bespoke feeds and dedicated channels, at super-low latency.

Sportradar will integrate the official ICC data into its established Premium Cricket Service (PCS), creating an enhanced provision for sportsbook operators, while the new data will also be used to power the ICC’s digital platforms, including icc-cricket.com and the official ICC mobile app.

Additionally, Sportradar’s Integrity Services will provide the ICC with bet monitoring and reporting for all 275 matches through its Universal Fraud Detection System (UFDS). UFDS uses advanced technology to scan the worldwide betting market and has a global team of integrity experts providing analysis on irregular betting patterns, with any suspicious matches subsequently reported to partners.

NOTES TO EDITORS:

The full list of competitions included in the partnership are ICC Men’s T20 World Cup 2021; ICC Men’s U19 Cricket World Cup 2022; ICC Women’s Cricket World Cup 2022; ICC Men’s T20 World Cup 2022; ICC Women’s T20 World Cup 2022; ICC World Test Championship Final 2023; ICC Men’s Cricket World Cup Qualifier 2023; ICC Men’s Cricket World Cup 2023.

About Sportradar
Sportradar, the leading global sports technology company creating immersive experiences for sports fans and bettors. Established in 2001, the company is well-positioned at the intersection of the sports, media and betting industries, providing sports federations, news media, consumer platforms and sports betting operators with a range of solutions to help grow their business. Sportradar employs more than 2,300 full time employees across 19 countries around the world. It is our commitment to excellent service, quality and reliability that makes us the trusted partner of more than 1,600 customers in over 120 countries and an official partner of the NBA, NHL, MLB, NASCAR, and FIFA. We cover more than 750,000 events annually across 83 sports. With deep industry relationships, Sportradar is not just redefining the sports fan experience; it also safeguards the sports themselves through its Integrity Services division and advocacy for an integrity-driven environment for all involved.

www.sportradar.com

Source: Sportradar Group AG

Media Contact: Sandra Lee, Global Head of Communications, Sportradar

Email: comms@sportradar.com

October 11, 2021

• Holistic, play-based coaching can help reduce use of general anesthesia [1] and lower the risk of healthcare-induced trauma in many pediatric patients who feel anxious during MRI scans
• Philips Ambient Experience solution uses augmented reality, gamification, and ‘buddy system’ techniques to engage and guide children through their entire MRI scan journey, from the home to the hospital

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the launch of Philips Pediatric Coaching, a holistic solution designed to be a less stressful experience for parents and their children undergoing MRI scans. Using gamification and ‘buddy system’ techniques to prepare children and their parents beforehand, the solution helps guide young children through the MRI procedure to significantly enhance the patient experience. Pediatric Coaching is the latest initiative launched within the Philips Ambient Experience portfolio, featuring a wide range of dedicated solutions to help enhance the experience of patient and staff.

Acquiring high quality images in pediatric MRI can be challenging for both radiologists and the child undergoing the scan. Fear of the unfamiliar environment of an MRI system can be stressful for a younger child, making them agitated and unable to lie still, which is required for good image quality. As a result, scans are often performed under sedation or general anesthesia, which according to parents, carries disadvantages such as post-scan irritability for the child and concerns of repeated anesthesia exposure [2]. Having to resort to such measures or deal with a conscious but distressed child is challenging for hospital staff, increasing procedure time and costs. By helping to empower children during an MRI scan, the Philips Pediatric Coaching solution overcomes many of these issues.

“As adults, many of us can experience anxiety and stress during an MRI exam, and this is especially true for our youngest patients. By removing factors that can trigger stress, we are enhancing the patient engagement experience for pediatric patients to help improve outcomes,” said Werner Satter, General Manager Philips Healthcare Environment and Experience Design. “With Philips Pediatric Coaching, we deploy gamification to help children better prepare for their MRI scan in a non-threatening environment at home, interacting with the same character and voice like Ollie the Elephant and friends, who also coaches them at the hospital, and can even coach them during the MRI procedure itself.”

To prepare for their MRI scan, children are provided with a gamified mobile app that familiarizes the child and their parents with an MRI procedure in a playful way. The app also introduces the child to a virtual ‘buddy’ they can role-play with to perform an MRI scan – for example, pretending to be the system operator and helping their buddy to lie still in order to get the best picture. The app also uses augmented reality to allow the child to explore the MRI system at home before entering the hospital. Many parents express a willingness to help prepare their child ahead of time, and by playing alongside their child, they can also learn more about the procedure.

When the family visits the radiology department, the same familiar virtual buddy interacts with the child as they play with Philips’ newly enhanced ‘Kitten Scanner’ – a small scale  educational scanner that allows children to scan various toy animals and view what’s inside each animal for a better understanding of the upcoming procedure. When the child has their scan, their buddy’s familiar voice and image are projected onto Philips’ Ambient Experience in-bore Connect solution, to guide the child through the scan procedure by coaching them, for example, on when and how to hold their breath. With the new Pediatric Coaching Solution, parents are reassured, and the child is empowered and well prepared, helping ensure the high-quality images needed for an accurate diagnosis of the child’s condition are captured.

Today’s announcement follows a similar child patient-centric initiative between Philips and the Walt Disney Company EMEA earlier this year to test the effects of custom-made animations, including specially-made Disney stories, within Philips’ Ambient Experience hospital environments. An overview of breakthrough innovations in pediatric imaging to help improve care for younger patients, including how to reduce pediatric patients’ fear and anxiety, is also discussed in a recent blog article by Dr. Julia Dmitrieva, KOL Engagement Leader for Precision Diagnosis at Philips.

The Philips Pediatric Coaching Solution is being launched at the 2021 International Pediatric Radiology Congress (IPR 2021), October 11 – 15, 2021, in Rome, Italy. Next to the MRI journey, Philips also plans to make its Pediatric Coaching available in other diagnostic imaging modalities such as CT. The solution will also be demonstrated in the Philips booth at the upcoming 2021 Radiological Society of North America Annual Meeting (RSNA 2021), Nov. 28 – Dec 2, 2021, in Chicago, USA.  Join Philips at RSNA 2021 where the company will spotlight its latest advanced technology driving connected workflows and smart diagnostic systems, to increase efficiency and diagnostic confidence in precision care.

[1] Rung SB, Christensen, NL, Jensen K, Jensen IbE. Children centered care: Minimizing the need for anesthesia with a multifaceted concept for MRI in children aged 4–6. European Journal of Radiology. 2018;107:183–187.
[2] Walker, B., Conklin, H. M., Anghelescu, D. L., Hall, L. P., Reddick, W. E., Ogg, R., & Jacola, L. M. (2018). Parent perspectives and preferences for strategies regarding nonsedated MRI scans in a pediatric oncology population. Supportive Care in Cancer, 26(6), 1815-1824.

For further information, please contact:

Mark Groves
Philips Global Press Office
Tel.: +31 631 639 916
E-mail: mark.groves@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 19.5 billion and employs approximately 82,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

• Philips Pediatric Coaching child with app
• Kitten Scanner, part of Philips Pediatric Coaching
• Philips Pediatric Coaching in-bore experience

DUBLIN, Oct. 11, 2021 (GLOBE NEWSWIRE) — Innovation Zed Ltd., developer of novel diabetes technologies (the InsulCheck range), announced further advancement in their research of technologies for non-invasive Continuous Glucose Monitoring and a new researcher to this project, Dr Rui Wu.

Innovation Zed, headquartered at NovaUCD, the Centre for New Ventures and Entrepreneurs at University College Dublin, who develop technologies to improve the health and quality of life for individuals living with diabetes, has taken another leap forward in the development of a non-invasive glucometer.

Innovation Zed has collaborated with the Irish Research Council (IRC) and University College Dublin (UCD) in advancing their research into non-invasive Continuous Glucose Monitoring (CGM) systems. As a result of this collaboration, Innovation will build on previous work with both the IRC and UCD in advancing a non-invasive multi-sensor approach to recording acute changes in the blood glucose levels of individuals living with diabetes.

“We are delighted to advance our research into a non-invasive CGM system,” said Dr Dean Minnock, CEO, Innovation Zed. “We pride ourselves on taking on the complex technological challenges with our sole aim of easing the stresses caused by diabetes, and this project is no different.” The monitoring of glucose fluctuations is a vital aspect for acute control and improved long-term health outcomes, making it a significant component in the daily life of people with diabetes. Currently, commercial Blood Glucose Meters require a finger prick whilst Continuous Glucose Meters require the insertion of a filament underneath the skin, resulting in small wounds that can be the cause of pain and infections. “There is a clear need for alternative options that are non-invasive, painless, discreet and easy to use, and this is a further step in the right direction,” he continued.

Innovation Zed has already brought to market various technologies to support multiple daily injection (MDI) insulin users with add-on technology that automatically collects essential usage data. Available under the “InsulCheck” brand, these technologies are designed to inform insulin pen users of their injection history and trends. “We have tremendous experience in designing and developing best-in-class, patient-centred products with the desire of leaving no patient behind when it comes to supporting them. Our partnership with SHL Medical has been instrumental in our ability to design, develop and bring to market these solutions,” said Dr Minnock.

Dr Rui Wu has joined this project as the lead researcher and will be bringing extensive subject knowledge and new focus to the project. “I am delighted to be involved in this project and to be working with Innovation Zed on this fascinating project,” said Dr Wu. Dr Wu has recently completed a postdoctoral research post at UCD and is supported in this project by Prof Madeleine Lowery, Head of Biomedical Engineering at UCD.

“This non-invasive glucometer project is the latest addition to several exciting projects here at Innovation Zed,” said Dr Minnock. “This is also the first of many fascinating announcements we will be making over the next 12 months. Our strategy of bringing cutting-edge diabetes management technologies to a wider audience is advancing strongly, and we are constantly improving on our portfolio of offerings”.

Media Contacts

Dean Minnock
CEO at Innovation Zed
deanm@innovationzed.com

Editors Notes

Innovation Zed designs connected health solutions that support drug adherence and Condition Management. As technologies continue to evolve, it opens new and exciting possibilities for connected healthcare to deliver increased freedom and control to patients. That is why Innovation Zed is actively developing and researching new methods to improve drug adherence and optimise treatment to enable more personalised condition management. www.innovationzed.com.

Related Images

Image 1: Innovation Zed Logo

This content was issued through the press release distribution service at Newswire.com.

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• Innovation Zed Logo