WHAT IS MEDICHAIN? MediChain is a Medical Big-Data Platform. In every hospital or customary clinic, a medical recorder or medical practitioner may have a medical record or history of the patient reference for a similar case and respective prescription that may be applied.
ABOUT MEDICHAIN
MediChain is a blockchain medical system built using the Big-Data Platform With the proposed framework that allows patients to keep their own off-chain information in proper physical space, and to give access to doctors and specialists everywhere, a little objection to the payer set or on the other hand EMR is used. In essence, MediChain is concerned with connecting patient data or information available to physicians at all times regardless of proximity or location. This is good news, as it will reduce the concerns of data errors or have the data challenges of stray patients in some health centers or facilities due to one problem or another.
MediChain is useful not only for patients but also for doctors, hospitals by assigning data to cloud complaints that are part of the MediChain ecosystem that utilizes block chains to store instructions and rules about usage and privacy, while the main data is off-chain stores in cloud complaints
How it works
Built in Ethereal Blockchain, users can immediately save data through the app after the examination. Hospitals and doctors can see the data selected when the patient gives him permission. Data storage from the cloud creates the security of Health records and in the near future, they aim to build data warehouses through the API.
Medichain Utility Token (MCU) is the tool for the payment on the platform if anyone wishes to purchase the Data blocks of the patients. Researchers, Pharmaceutical companies and Insurance companies can be part of the ecosystem who will be given access to the data according to the specification and rules set up by the patients. The Ownership of the data lies with the patients.MediChain Utility Tokens (MCU) serves to represent patient data block values on a platform and can be purchased through platforms during token sales. Over time the token value is adjusted for the availability of tokens, data types, diseases, patient demographics and others, to reflect the buyer’s market.
It does not end there, the MediChain platform is also useful to the Researchers and Pharmaceutical Company and industries would have access to the data or information entirely in an anonymity format in a way that the original owner of the said data will not be made public. This hypothetically, could be used for the purpose of prescription / administration.
It may sound unsafe for patients’ personal data to be made available for the public, hence MediChain has made provision for the authentication key.
The Authentication key factor: is the measure put in place by MediChain to guarantee that the right set of people get access to the precise data. The key is used in terms of a password, token or later on in form of a smart card with the numbers like 1, 2 or 3 and combination of also alphabets like FA which will provide strong information about both patient and doctors identity.
Other Anticipated MediChain Network Development includes the following:
1. Diagnostic Devices2. Associated Algorithms
3. Personal Monitoring
4. Academic Medical Studies
5. Medical Insurers (SmartCard Integration at this stage is introduced)
6. EMR Integration (Electronic Medical Records)
7. Telemedicine
8. National ResourcesMediChain Operations:
An app or device is available by which the patient would have the opportunity to have a reference added to an Ethereum blockchain which is a decentralized digital record pertaining to data that is collected about such patient, through the device or medical practitioners, administrating a prescription or remedy or outright buying of a non-prescribed medication.
The blockchain serves as a record for storing purposes and it also encloses the hashes that approve the offchain data. The blockchain ecosystem will take account or record of serious medical information off-chain, filled by a basically honest cryptographic database, kept by a system of Personal computers that is open to anybody running the software and has the patient’s consent or authorization to get to the particular cryptographic key. When these are properly applied and adhere to, the patient will have additional control of their information and reorganized the interchange of medical records in such a way that it will be safe.
MediChain will offer development in Electronic Medical Records (EMRs) by giving or allowing an Open source programming to add MediChain to any EMR without administrative boundaries. MediChain is the answer modified to the needs of patients, treatment community, and medical researchers.Just like a traditional hospital where certain amount is allocated to each services, on the MediChain platform, utility token known as MediChain Utility Tokens (MCU) is introduced and it will be useful in the following areas:
1. Research Program Voting
2. To buy personal medical data storage and transfer.
3. To Purchase Personal medical data services
4. MediChain Utility discount
5. Institutional medical data services including diagnosis.
6. Research medical data services.
MediChain Utility Tokens (MCU) characterize to the real charge of random patient information blocks. This tokens can be acquired from the platform during the tokens sale.Health they say is wealth and according to MediChain, “Knowledge is of no value unless you put it to use”Without sounding like an evangelist during a morning cry on the street, we are all aware of the numerous challenges faced individually at the hospitals to get data of patients and to connect with the right doctors at the same time. Blockchain technology has given birth to developments which generation unborn will not recover from. Inculcating it into the medical line is a relief and hence the invitation to join in the token sale so that even beyond the expectation of this platform, health and medical services can advance to the next level.
Road Map
CROWDSALE
The Medichain ICO is an event where funds for its whitepaper project will be sourced for. The pre-sale started on September 15th 2017 and ICO will commence on 1st of March and end on the 1st of May. The ICO token allocation to investors represents 40% of the total token supply. The price for each allocated will be $1. Medichain aims at generating a fund set at $40,000,000 USD.
The sale website is www.medichain.online During Medichain ICO, tokens will be issued to investors.
The Medichain utility token (MCU) is based on the Ethereum ERC-20 standard. The token can be used to carry out transactions on the Medichain platform. If you want to read more about Medichain token please visit official website https://medichain.onlineToken Allocation
For more information, use the links below
Website: https://medichain.online/
Twitter: https://twitter.com/MediChainOnline
Telegram Group: https://t.me/medichainonline_group
Author: bani israil
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