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The patent is expected to remove the inefficiencies in the system. Merck is a member of the Enterprise Ethereum Alliance. The company’s representative leads the healthcare working group of the Alliance.
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Another distinctive trait about the cryptocurrency is that there’s only a certain amount of it in circulation, it’s a rare commodity and something that’s rare is valued highly. Which explains why why 1 Bitcoin could be valued at an astronomical $500,000 by 2030. Liew is of the opinion that the user base of Bitcoin could grow by 20 times within the next decade.