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This Surging Altcoin Is Primed to Ascend Higher, Says Crypto Trader Lark Davis – The Daily Hodl

A popular crypto trader thinks one particular cryptocurrency is primed to continue its major run-up.

In a new YouTube video, crypto trader and market analyst Lark Davis tells his 417,000 subscribers that he is eyeing the smart contract platform Terra (LUNA) as a major contender for the next leg of the bull run.

Lark says that the platform has come a long way in the rankings by simply staying focused on highly desirable applications.

The important thing is building things that people want, and this is what Terra has managed to do.

Now its actually very, very impressive because the Terra asset, LUNA at the time of recording this video, was number 22 on CoinGecko. Now it has managed to rise up to be a top-22 coin, with really only three applications on the entire blockchain.

The three applications Davis refers to are the crypto lending protocol Ankr (ANKR), synthetic stock trading platform Mirror (MIR) protocol, and mobile payments app Chai.

Davis also highlights a unique feature of LUNAs native algorithmically pegged stablecoin, UST. The feature requires LUNA tokens to be burned from supply when new UST is minted.

What happens when we have dozens of applications all these DeFi protocols that are hungry for that UST stablecoin, and people keep burning up LUNA in order to get more UST.

In a Twitter thread, Davis concludes his bullish thesis by covering the upcoming update to the Terra ecosystem, dubbed Columbus 5.

Now lets talk Columbus 5, a major upgrade underway which will:

Burn all seignorage (more Luna burning)

Pay more to stakers

Cosmos IBC integrations

Terras Wormhole upgrade will bridge Terra to Ethereum, Solana, and Binance Smart Chain. 3 of the top 5 chains by TVL [total value locked].

Assuming this and more of the same from Terra and I think the price will go much higher.

At time of writing, Terra is trading at $29.40 and has a market cap rank of 15 on CoinGecko.

Source: Lark Davis

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The next Bitcoin? Why investors are bullish on fast-rising altcoin Cardano – The Motley Fool Australia

Image source: Getty Images

The Bitcoin (CRYPTO: BTC) price has slipped back below the vaunted psychologically important US$50,000 level.

Having traded as high as US$50,496 during the past 24 hours, Bitcoin is down 1.4% since this time yesterday, currently trading for US$49,549.

Still, the worlds biggest crypto by market cap remains up 70% since 1 January.

Where it heads next is up for debate.

Taking a technical analysis view, globalmulti-asset investment platform eToros market analyst Josh Gilbert said, If BTC can break above the next resistance level at $51,000 and hold, then I expect to see further upside as demand increases.

But theres more to the world of cryptos than Bitcoin.

A lot more.

Yes, were looking at you Cardano (CRYPTO: ADA).

This time last year you could have picked up 1 Cardano for 12 US cents.

Having gained another 2.8% over the past 24 hours, the altcoin is now worth US$2.88. That gives it a market valuation of US$92.9 billion.

Thats enough to vault Cardano into the number 3 crypto spot. It now trails only Ethereum (CRYPTO: ETH) market valuation of US$391.4 billion and Bitcoin, with its market valuation of US$928.8 billion.

In other words, if today is the first time youve heard of Cardano, its unlikely to be the last.

While Cardano has a long way to go before it overtakes Bitcoin in terms of market valuation, dont forget that only 12 months ago it was trading for a mere 12 US cents.

Gilbert said, We know that investors are bullish on ADA, as it was the most traded cryptoasset globally by eToro investors in Q2 2021.

According to Gilbert:

While BTC continues to be the most dominant cryptoasset, it has been recently outperformed by Cardano (ADA). ADA has reached new record highs trading at US$2.88, up more than 1,480% year-to-date.

Gilbert adds that, ADA is the largest altcoin by market cap to reclaim a new all-time high since the crypto sell-off in May 2021.

Bitcoin is still some 24% below its mid-April record highs of US$64,829. Ether, currently at US$3,334, also remains down 24% from its US$4,382 record high reached in mid-May.

So why all the investor enthusiasm for Cardano?

According to Gilbert:

The Alonzo upgrade for ADA, which will provide smart-contract capabilities to the network, is set to be fully released by September 2021 Once the upgrade is complete, ADA will be in a solid position to challenge Ethereum (ETH) for the De-Fi crown. The price appreciation of ADA with benefits such as staking makes it a standout to retail investors.

Whether Cardano continues its march higher or is due for a sharp retrace remains to be seen.

But for now, it would seem, Bitcoin has a new challenger.

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The next Bitcoin? Why investors are bullish on fast-rising altcoin Cardano - The Motley Fool Australia

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Hedera Hashgraph Price: HBAR Could be the Next Hot Altcoin – InvestingCube

The Hedera Hashgraph price is in a strong bullish trend today as interest in the coin rises. It has risen to $0.2785, which is about 100% above the lowest level in July. HBAR has a market capitalization of more than $2.5 billion and is the 53rd biggest coin in the world. It is slightly below Waves and above Compound.

Hedera Hashgraph is an enterprise-focused blockchain project that helps companies build decentralized applications. It is a third-generation network that is built on a proof-of-stake consensus mechanism known as the hashgraph consensus. It is well-known for its low fees, high throughput, and fast transaction speeds. Indeed, it can handle about 10,000 transactions per second while its average fee is about $0.0001. This compares to Ethereums fee of about $20.

Hedera Hashgraph is owned and governed by leading companies globally. Some of the best known firms are Boeing, Deutsche Telekom, Google, London School of Economics, IBM, and Tata Communications. Some of the products built on the network are a decentralized capital market by AllianceBlock, a connected product cloud by Avery Dennison, and an NFT marketplace by GoMint.

Therefore, based on the overall performance of VeChain, another enterprise-focused network, I suspect that HBAR could be the next top altcoin to watch.

The daily chart shows that the HBAR price found a major support at $0.1518 last month. Since then, the coin has jumped by more than 100%. A closer look shows that the coin is forming what looks like a cup and handle pattern. This pattern is usually a bullish sign. At the same time, it has moved above the 25-day and 50-day exponential moving averages (EMA).

Therefore, with interest of the coin rising, there is a possibility that it will keep rising as bulls target the key resistance at $0.4200. This price is at the upper side of the cup and is about 50% from the current level. On the flip side, a drop below $0.2 will invalidate the bullish view.

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Fetch.ai, Bancor and Two More Altcoins Headline Assets With Heavy Whale Accumulation: Santiment – The Daily Hodl

Crypto analytics firm Santiment says that deep-pocketed investors are buying up Fetch.ai, Bancor and two more altcoins.

The crypto insights platform tells its 89,800 followers that decentralized machine learning network Fetch.ai (FET) leads the altcoin pack in terms of heavy whale buying.

It is followed by decentralized exchange Bancor (BNT), indexing protocol The Graph (GRT), stablecoin governance token Maker (MKR) and blockchain-based gaming platform Enjin (ENJ).

The number of whale addresses have grown for many assets, and fallen for others. Looking to get into projects where large addresses numbers have been rising? Watch FET, BNT, GRT, MKR and ENJ.

Looking at Bitcoin, Santiment says that even though the king crypto has rallied above $49,000, market participants appear to doubt BTCs recent strength.

Commentary toward BTC right now, however, is actually more negative and sparse than usual. When cryptos top coin is doubted and overlooked, this historically pushes prices further north.

As for Ethereum, the crypto analytics firm highlights that ETHs on-chain activity is on the up and up amid the surge in the value of the leading smart contract platform.

Ethereums climb back toward its May price all-time high continues, as the amount of ETH circulating on the network has hit a one-month high. If this metric climbs further, it will be a component to the #2 market cap asset exceeding its previous [all-time high].

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MobilityGuru launches a new altcoin to make blockchain technology more inclusive for people with disabilities – TechBullion

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London, UK, 23 Aug 2021, ZEXPRWIRE, MobilityGuru is a blockchain-based project born out of the belief that every human being living with a disability deserves access to inclusive, reliable and competitively priced online marketplace. With an already running website and over millions of dollars worth of listed services and products, MobilityGuru is a one-of-a-kind venture.

We are seeking to capitalize on our first movers advantage and leverage what is now a strong bull market for altcoins. The Guru token holds a lot of potential for gains both for users of the platform as well as investors through its direct utility and relation to the existing online marketplace.

We see this as an ideal opportunity to integrate the needs of people with disability and professionals to create a platform that can store, transfer and validate all kinds of product and service data. The Binance Smart Chain can be employed to become the basis for a token that draws its value from user interactions in the MobiltyGuru marketplace. Thus fuelling a free and decentralized economy where buyers and sellers connect and exchange products and services directly.

Decentralization and the means to transact freely globally these are the two core aspects behind the online platform. The large size of MobilityGurus user base and market means a blockchain-based marketplace is theoretically scalable, secure and decentralized. Right now MobiltyGuru doesnt seem to be very scalable but deploying blockchain technology will allow us to take the development of the marketplace further in its journey. And the current moment couldnt be better to do so.

Investor interest in cryptocurrencies is growing rapidly and many are looking to go beyond Bitcoin (BTC) and Ethereum (ETH). MobilityGuru offers investors exclusive access to the returns and benefits of diversification. We are happy to bring our real-world expertise to this new digital asset class. GURU tokens is based on the BEP-20 protocol that will facilitate a world wide market portal designed to develop project growth and inspire potential investors.

MobilityGurus business model targets commercial enterprises, government institutions and the individual user. This opens many opportunities for revenue by promoting a new level of sales with ongoing service to facilitate all mobility disability. Our experiences during this pilot time, combined with deep understanding of the crypto sector and the struggles of people with a disability puts us in a unique position to build the integral components of the ecosystem. An ecosystem, which benefits both users and professionals in this fragmented and niche field.

The advanced functionality and strong backing of the MobilityGuru project present investors with a significant cryptocurrency investment opportunity that isnt directly tied to BTC and ETH. As the altcoin space continues to mature, and with widespread adoption of popular altcoins on recognized markets, the GURU token is the key to scoring potentially life-changing returns in the crypto market. Now on Exmarkets.com/launchpad/guru-btc.

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Coinbase to Invest $500 Million in Bitcoin And Speculative Altcoins – Bitcoin Magazine

Coinbase announced Thursday it has updated its investment policy to include a 10% quarterly income allocation in Bitcoin and other cryptocurrency and also committed to investing $500 million of its $4 billion in reserves into crypto.

A statement from Coinbase reads, Were in a strong position to lead by example and double down on how we can enable crypto adoption and utility, starting with how we operate our business.

The news comes just two days after it was widely reported that the largest U.S. crypto exchange was holding a $4 billion hoard of depreciating cash in reserve, one that didnt include any Bitcoin or the dozens of highly speculative altcoins it puts up for exchange on its platform.

The omission of Bitcoin from the balance sheet has suggested to many that the companys leadership does not understand Bitcoins fundamental store-of-value properties. However, recent statements indicate the company may be changing this position.

On Wednesday Coinbases CFO told The Wall Street Journal, "We want to ensure that we maintain those cash reserves so that we can continue to invest and continue to grow our products and services in the event that we go into a crypto winter."

Ultimately, Coinbases investment announcement is a diplomatic attempt at appealing to their trendy altcoin audience, and to garner attention for being the first publicly traded company to hold Ethereum, proof-of-stake assets, DeFi tokens, and many other crypto assets supported for trading on our platform, in addition to Bitcoin, on our balance sheet.

The addition of Bitcoin at the end of the statement was a blatant attempt at lending legitimacy to this move. There has been no mention of Coinbases percentage of allocation into each of the many assets in its new investment portfolio, nor was there any indication that they would hold their Bitcoin long term.

All we know for sure is that Coinbase is putting roughly just one-eighth of its reserves into highly speculative altcoins and Bitcoin, in addition to a recurring quarterly 10% investment of unknown quantities.

Coinbase also claimed its quarterly 10% investments in Bitcoin and altcoins to be a dollar cost averaging strategy in order to appeal to a Bitcoin audience. If Coinbase understood Bitcoin, they would have long been running on a Bitcoin standard.

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Small, diamond-based quantum computers could be in our hands within five years – Cosmos Magazine

Small, affordable, plug-and-play quantum computing is one step closer. An Australian startup has won $13 million to make its diamond-based computing cores shine. Now it needs to grow.

ANU research spinoff Quantum Brilliance has found a way to use synthetic diamonds to drive quantum calculations. Now its on a five-year quest to produce commercially viable Quantum Accelerators. The goal is a card capable of being plugged into any existing computer system similar to the way graphics cards are now.

Were not deluding ourselves, says CEO Dr Andrew Horsley. Theres still a lot of work to do. But weve now got a five-year pathway to produce a lunchbox-sized device.

To do this, Quantum Brilliance is hiring 20 engineers, scientists, physicists, software engineers, and control engineers. The resulting quantum accelerator card will be valuable for self-driving car manufacturers, materials research labs, logistics hubs and financial services firms.

Weve understood electricity and magnetism for a long time, Dr Horsley says. We now understand quantum phenomena and are in the process of turning that into technology. Its very exciting. And its not just an iterative improvement. This is a whole new way of computing. And were doing it here, in Australia.

Read more: Innovation with spin qubits sparks breakthrough in quantum computing

Its about big-time boosts in performance.

If youve got one inside your self-driving car, it will be much better able to interpret its environment and make smarter decisions, Dr Horsley says. Or you could have a stack of them in a supercomputer, working through combinations of chemical properties to quickly simulate new battery materials or drugs.

The goal is to demonstrate a 50 qubit accelerator card by 2025. A qubit is the quantum equivalent of a traditional computers basic unit of data a bit.

Quantum Brilliances success has been using diamond as the engine for quantum processing in the same way silicon drives existing chips.

Most importantly, this can be done at room temperature with relatively simple control systems.

Competing techniques need cryogenic cooling or complex lasers to calm subatomic vibrations that can disrupt fragile quantum states.

Diamond is so rigid that, even at room temperature, we have long-lived quantum properties, Dr Horsley says. Thats the key. We have a diamond with ultra-high-density qubits inside of it, sitting there, in ambient conditions.

The technology is ready. Now the challenge is to turn it into a commercially viable reality.

We need to scale up the number of qubits that weve got while at the same time shrinking down the size of the control systems into a portable package, he says.

At the same time, different companies and institutions will be acting as testbeds for simulated quantum computing to design the software needed for the real thing.

This is helping Australian companies understand quantum computing and their own applications so that theyre ready to commercially exploit these powerful devices as soon as they become available, he adds.

The $13 million investment is led by QxBranch founders and Main Sequence investment consortium.

Originally published by Cosmos as Small, diamond-based quantum computers could be in our hands within five years

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IBM partners with the University of Tokyo on quantum computer – Illinoisnewstoday.com

Tokyo IBM and the University of Tokyo have announced one of Japans most powerful quantum computers.

According to IBM, IBM Quantum System One is part of the Japan-IBM quantum partnership between the University of Tokyo and IBM, advancing Japans quest for quantum science, business and education.

IBM Quantum System One is currently in operation for researchers at both Japanese scientific institutions and companies, and access is controlled by the University of Tokyo.

IBM is committed to growing the global quantum ecosystem and facilitating collaboration between different research communities, said Dr. Dario Gil, director of IBM Research.

According to IBM, quantum computers combine quantum resources with classical processing to provide users with access to reproducible and predictable performance from high-quality qubits and precision control electronics. Users can safely execute algorithms that require iterative quantum circuits in the cloud.

see next: IBM partners with Atos on contract with Dutch Ministry of Defense

IBM Quantum System One in Japan is IBMs second system built outside the United States. In June, IBM unveiled the IBM Quantum System One, managed by the scientific research institute Fraunhofer Geselleschaft, in Munich, Germany.

IBMs commitment to quantum is aimed at advancing quantum computing and fostering a skilled quantum workforce around the world.

We are thrilled to see Japans contributions to research by world-class academics, the private sector, and government agencies, Gil said.

Together, we can take a big step towards accelerating scientific progress in different areas, Gil said.

Teruo Fujii, President of the University of Tokyo, said, In the field of rapidly changing quantum technology, it is very important not only to develop elements and systems related to quantum technology, but also to develop the next generation of human resources. To achieve a high degree of social implementation.

Our university has a wide range of research capabilities and has always promoted high-level quantum education from the undergraduate level. Now, with IBM Quantum System One, we will develop the next generation of quantum native skill sets. Further refine it.

In 2020, IBM and the University of Tokyo Quantum Innovation Initiative Consortium (QIIC) aims to strategically accelerate the research and development activities of quantum computing in Japan by bringing together the academic talents of universities, research groups and industries nationwide.

Last year, IBM also announced partnerships with several organizations focusing on quantum information science and technology. Cleveland Clinic, NS Science and Technology Facilities Council in the United Kingdom, And that University of Illinois at Urbana-Champaign..

see next: Public cloud computing provider

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Global Data Science Platform Market Anticipated to Hit $224.3 Billion by 2026, Growing at a CAGR of 31.1% from 2019 to 2026 – GlobeNewswire

New York, USA, Aug. 24, 2021 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global data science platform market is expected to generate a revenue of $224.3 billion by 2026, growing at a CAGR of 31.1% during the forecast period (2019-2026). The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

Download FREE Sample Report of the Data Science Platform Market Report: https://www.researchdive.com/download-sample/77

Dynamics of the Market

Drivers: Application of data science and its analytical tools substantially help organizations to take better business decisions based on the deciphered data. Furthermore, the analytical tools also help organizations to predict the purchasing pattern of their customers, thus enabling them to focus on their product innovation and offerings accordingly. These factors are expected to bolster the growth of the market during the forecast period.

Restrains: Lack of skilled and experienced professionals are expected to impede the growth of the market during the forecast period.

Opportunities: Persistent technological advancements in the analytical tools are expected to create vital investment opportunities for the growth of the market during the forecast period.

Check out How COVID-19 impacts the Data Science Platform Market. Click here to Speak with Our Analyst: https://www.researchdive.com/connect-to-analyst/77

Segments of the Market

The report has divided the market into different segments based on type, end-use and region.

Check out all Information and communication technology & media Industry Reports: https://www.researchdive.com/information-and-communication-technology-and-media

Type: Service Sub-segment to be Most Profitable

The service sub-segment is expected to generate a revenue of $76.0 billion during the forecast period. Service type significantly helps to analyze the demands of the clients and subsequently aid in increasing customer satisfaction. These factors are expected to accelerate the growth of the sub-segment during the forecast period.

Access Varied Market Reports Bearing Extensive Analysis of the Market Situation, Updated With The Impact of COVID-19: https://www.researchdive.com/covid-19-insights

End-Use: Banking, Financial Services and Insurance Sub-segment to Have the Highest Growth Rate

The banking, financial services and insurance sub-segment are expected to grow exponentially, surging at a CAGR of 29.4% during the forecast period. Data Science substantially helps companies to effectively monitor transactions and detect any kind of frauds in the sub-segment. This factor is expected to drive the growth of the sub-segment during the forecast period.

Region: North America Anticipated to Dominate the Market

The North America data science platform market is expected to generate a revenue of $80.3 billion during the forecast period.

Increasing adoption of analytical tools in the region is expected to fuel the growth of the market during the forecast period. Moreover, rising demand for IOT is further expected to drive the growth of the market in this region during the forecast period.

Key Players of the Market

1. Civis Analytics2. Domino Data Lab Inc.3. Databricks4. Microsoft Corporation5. Dataiku6. Alphabet Inc. (Google)7. Cloudera Inc.8. Anaconda Inc.9. Altair Engineering Inc.10. IBM Corporation

For instance, in February 2021, ThoughtWorks, a global software consultancy firm, acquired Fourkind, a Finland-based management consulting and advisory service company, so as to maximize the ability of ThoughWorks to support and service various clients in countries like Finland and Netherlands.

These players are currently focusing on R&D activities, mergers, acquisitions, partnerships and collaborations to sustain the growth of the market. The report also provides an overview of many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.Click Here to Get Absolute Top Companies Development Strategies Summary Report.

TRENDING REPORTS WITH COVID-19 IMPACT ANALYSIS

Application Security Market: https://www.researchdive.com/5735/application-security-market

Threat Intelligence Security Solutions Market: https://www.researchdive.com/8355/threat-intelligence-security-solutions-market

Zero Trust Security Market: https://www.researchdive.com/5368/zero-trust-security-market

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Global Data Science Platform Market Anticipated to Hit $224.3 Billion by 2026, Growing at a CAGR of 31.1% from 2019 to 2026 - GlobeNewswire

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ConcertAI Expands Data Science Collaboration with Janssen to Drive Effective Therapies and Address Health Disparities in Clinical Trials – Woburn…

CAMBRIDGE, Mass., Aug. 24, 2021 /PRNewswire/ --ConcertAI, LLC (ConcertAI), a market leader for Real-World Data (RWD) and enterprise AI technology solutions for precision oncology, announced today the expansion of its multi-year collaboration with Janssen Research & Development, LLC (Janssen) across several disease area programs.

Through application of advanced AI and Data Science capabilities with 'high depth' real-world clinical data, ConcertAI is partnering with Janssen and its Research & Development Data Science team to advance innovative insights that inform clinical strategies and support study designs at a pace not possible through legacy approaches. The expanded collaboration further extends the two companies' novel work to broaden access to trials in new sites and strengthen trial diversity.

"ConcertAI's novel working model integrates the largest and deepest clinical and genomic data, enterprise AI, and will partner with Janssen and the world's leading data scientists and research scientists to generate evidence in support of critical disease insights and regulatory decisions,"said Jeff Elton, PhD, CEO of ConcertAI. "We are proud to collaborate with Janssen to drive effective medicines for the benefit of patients with the highest unmet medical needs."

It has been reported that while nearly 40 percent of Americans are considered members of a racial or ethnic minority, a smaller portion of patients enlisted in clinical trials are minorities. Janssen is deeply committed to enhancing diversity in clinical trials to ensure trials are representative of the patients most afflicted by disease, recognizing that patient access is inhibited if they are not.

"ConcertAI has a comprehensive, representative, and independently sourced RWD for oncology, hematology and urology with clinically integrated community oncology networks, regional health systems and leading academic centers," said Warren Whyte, PhD, Vice President of Scientific Partnerships & Customer Success at ConcertAI. "That data, and our network of leading experts and advocates for healthcare equity, is moving us forward with leaders like those at Janssen."

Through the expanded and broad collaboration, ConcertAI is broadening the sources of data used, moving earlier into disease states, and assuring that more patients have access to these innovative therapies both through clinical trials and through enhanced evidence generation in support of the new standards of care.

About ConcertAI

ConcertAI is the leader in Real-World Evidence (RWE) and AI technology solutions for life sciences and healthcare. Our mission is to accelerate insights and outcomes for patients through leading real-world data, AI technologies, and scientific expertise in partnership with the leading biomedical innovators, healthcare providers, and medical societies. For more information, visit us athttp://www.concertai.com.

Media Contact: Dianne Yurek, dyurek@concertAi.com

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