With these concerns comes word of a novel blockchain-based project that aims to fight alcoholism and drug addiction with a cryptocurrency incentive and a peer-to-peer (P2P) monitoring network. Hayver, as it is known, is charting a path to become the first-ever blockchain-based community platform that can help those suffering from addiction to remain in long-term recovery.

It provides a revolutionary, first-of-its-kind verification technology to monitor those suffering from drug addiction or alcoholism, ensuring that they are drug-free and alcohol-free. Featuring daily check-ins, a unique “Circle of Support” accountability group and random urine screens, it will soon offer cryptocurrency rewards to incentivize healthy behaviors, helping users stay clean and improve their prospects for long-term recovery

According to the Surgeon General’s Report on Alcohol, Drugs, and Health for 2015, over 27 million people in the U.S. use illicit drugs or abuse prescription drugs, while over 66 million people binge drink.

Like other chronic and fatal diseases, drug addiction and alcoholism can be managed, although relapse is not uncommon.

Hayver’s strategy is centered around new research that shows the problematic impact of alcohol and drugs on the brain and the brain’s subsequent repair following a period of drug and alcohol abstinence. In order to build this recovery trajectory, Hayver is launching its own reward cryptocurrency, the Duitcoin. This ecosystem will be used to incentivize Hayver customers who engage in behaviors that are conducive to recovery. The symbol of the Duitcoin, representing heroic courage, will be used to help dispel the stigma of addiction.

Hayver brings what it sees as a well-proven method that combats alcoholism and addiction. Besides offering a multilingual platform that will incorporate a blockchain, Hayver claims to be the first system in the world that provides the following:

• Assessment tools for persons who are relying on home care
• Encouragement to continue platform use notwithstanding relapses
• Continuous and affordable P2P monitoring
• P2P support
• Objective algorithmic scoring correlated to successful use of the platform
• Outcome measurement capabilities

With the addition of cryptocurrency incentives, Hayver hopes to become the world’s premier provider of software solutions for the drug and alcohol recovery community.

Note: Trading and investing in digital assets is speculative and can be high-risk. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.

According to ICORating, 64 percent of all attempted ICOs failed and startups raised 48 percent less through ICOs as 2018 came to a close. As a result, many companies are now pivoting to raise money through security token offerings (STOs), but there are questions about whether investor demand is going to be any different.

Google has added the Bitcoin symbol to its keyboard on iOS, making it one of several alternative currency symbols available when users hold down the dollar symbol key.

Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.