MediBloc; Next Step to Revolutionized Healthcare Services Using Blockchain Technology

in #crypto6 years ago (edited)

Introduction

It is well known that if one who is sick visits a hospital, there would certainly be records made. But what if attempts at acquiring treatment is not possible in one hospital; resulting to a transfer of patients to another hospital, what obtains is that the same medical examination would be carried out, probably also run tests which have be previously done at the former hospital. This is because the current hospital has no prior knowledge of the examinations that was carried out in the previous hospital. This patient information in most cases is not transferable to another hospital basically because it is difficult to exchange records between different hospital systems due to its incompatibility issues.

medibloc-ico-healthcare.jpg

As of today, many hospitals around the world utilize centralized servers to store medical records. Data sharing opportunities among healthcare professionals is highly restricted and reduces the opportunity of sourcing for third-party opinions and counsel to better care for individuals. An important criteria is laws, such as the Health Insurance Portability and Accountability Act (HIPAA), which enables the centralization of health records and prohibit the sharing of the much said data. Without proper knowledge of a patient’s health status attributed to limited access of their private records, those caretaking patients (e.g., doctors, emergency medical service workers, researchers) are unable to provide adequate medical care.

Sequel to that, medical records today are solely managed by healthcare practitioners instead of the patients themselves. Now this may not be much of an issue to some people but can the same be said for those who don’t visit nor have the means of seeing a regular doctor? I guess not, which is a big problem. This is so because a patients’ medical record would be being scattered all over and accessing such data from one healthcare provider by another usually takes a lot of time, which means the patient has to wait a longer time to receive medical care. A great disadvantage to end users by a flawed modern health care system.

About MediBloc

MediBloc is an open source decentralized healthcare data management platform built entirely on the Ethereum blockchain. Due to its decentralized nature, patients, medical practitioners and researchers can openly interact because blockchain technology allows it to track and record everything pertaining to one’s healthcare world. Now I can track my medical data and all other sensitive health related information because MediBloc has accumulated all these into a single data bank which I can reliably share to whichever expert I want to privately.
I can do this because the MediBloc team ensures that I am compliant with HIPAA so that I can worry less about going against the law.

Essential Features of MediBloc

MediBloc was designed to make healthcare more accessible to patients whilst stimulating the contents of medical information for the purpose of scientific improvement. Now what do we stand to gain as a user utilizing MediBloc.

  • Data Ownership Redistribution
    MediBloc would literally put your data back into your hands granting you the choice of who and whom is privy to your health record and this is achieved with the use of the redistributed data ownership model. This means monopolizing a patient’s healthcare data by hospitals would no longer be the case of the day.

  • Fraud Prevention/Data Loss
    Data is backed up and only trustworthy and authorized healthcare personnel will have access to edit data. Unethical adjustments would be totally removed because the information is stored on a decentralized network all the time and it would be open to all users on the blockchain, hereby giving room for TRANSPARENCY.

    App-interface.png
    MediBloc User Interface

  • Token Reward System
    Through the use of a token system, an end user as well as his healthcare personnel can receive incentives in form of either crypto or fiat currencies. This encourages data owners to contribute to the ecosystem through profit empowerment.

  • Interoperability
    Global exchange of real-time information among the medical ecosystem will facilitate medical improvement and reduce complexities in data multiplication. MediBloc being a cross-border platform because of its inhibition by geographic localities, would now ensure streamlined and error-free diagnosis and treatment.

  • Security
    Hackers attempt or any other form of cybercrime would be reduced due to blockchain protocol being utilized. Increased safety measures means I can transact without the fear of having my data stolen. Theres currently a rise in hacks of health care data and in the U.S alone, health care breaches amass roughly $6 billion a year in losses.


    Chart showing the number of records exposed over the past few years

How does MediBloc work?

The MediBloc platform is a decentralized app (DApp) developed on the Ethereum Virtual Machine (EVM). The EVM has three components that address important areas of the entire functioning process of the system; the Core, Service and App layers.


MediBloc's Layer Structure; Whitepaper

Each layer is designed to hold vital information and process data when necessary. The Core layer safeguards the users medical information stored within the system using new encryption protocols that locks all records with the aid of a private key, only the patient has access to. Since blockchain storage is limited, the Core layer supplies extra storage to counter healthcare data loss
The Service layer acts as the middleman between the App and Core layers; its duties. facilitating seamless data exchange and smart contract execution on the MediBloc ecosystem. Using Smart Contract technology, it allows for data input/output through connection with the Core layer.
While the Application layer allows the users access to various apps e.g mobile apps, for easy control of personal data and manage the information effectively


MediBloc's Working Principle

The Medi Point system (MP)

The platform will utilize the Medi Point system which is a user participation points based system. Medi Point system (MP) will automatically tracks user participation and dole out relevant incentives and rewards accordingly. To obtain higher MP, one can purchase it with MED or contribute to the data network. After collecting MP’s and undergoing a waiting period of three months, you can then convert your MP to MED. The MED token can be used in medical transactions such as insurance payments and unlike MED tokens, MP’s are used in the verification process so they will not leave the platform.


Flowchart of the Medi Point system; Whitepaper

MediBloc Account

There are three different account types available on the MediBloc platform

  • General users
  • Healthcare providers (practioners,institutions)
  • Data researchers

Each of these accounts would have various roles and jurisdiction in the MediBloc ecosystem with specifics in the table below.

Health care providers and data researchers are obliged to present proof of their certificate as can be seen from above. Also we can see that considerations have been granted for cases where the patient is unable to run his own medi platform. His family members can then assume mangement of his/her account on their behalf.

Use case

Mr Effiong has a family relation who was diagosed of terminal illness. Being in charge of her MediBloc account, he wishes to know if his insurance company can cover the cost. Ordinarily, he would have to go to their site to confirm but with MediBloc's insurance claims and evaluations already automated with smart contracts, he can easily do so from wherever he is, easier and faster. He then checks and is billed through that MediBloc account.

Token Model


MediBloc which is Qtum-based, will issue Medi Token (MED) following the QRC token standard (Qtum equivalent to Ethereum ERC20). This would be the main source of socio economic exchange in the MediBloc platform and it is the hub element which grants users the ability to interact with various layers of the platform. The Medi Token can aslso be used for exchanges outside of the MediBloc platform

Token Generation Event

The goal sought to be achieved by MED generation is to build MediBloc platform and in the process, develop a robust heathcare ecosystem. The plan is to fund with Bitcoin and Ethereum.

We plan to make funding with Bitcoin (BTC) and Ethereum (ETH) available and the information on accurate conversion ratio for each cryptocurrency will
be available on official communication channels (our website, Slack, Facebook) and participants can access Tokens by following the “MED Token Sale Terms and Condition”. 50% of the Tokens will be granted to TGE participants. Approximately 20% of the total token volume is used for the purpose of developing MediBloc. The remaining 20% will go to the
MediBloc team and 10% to initial investors and advisors.


MediBloc Tokenomics

MediBloc Roadmap

UCScreenshot20180710024427.jpg

Conclusion

As you might’ve rightly imagined, MediBloc allows patients to save time and money by avoiding redundant tests. This greatly improves the speed and efficiency of the user's treatments and the healthcare providers can carry out their responsibilities more efficiently, making it a win-win situation for all parties involved. creative ways to solve them through technical advancement.If the project carries out sucessfully what it plans to do, it could be a historical revolution in the healthcare sector. Not only would it save patients as well as medical professionals a great deal of time and hassle, it could aid in the advancement of medicine by decentralizing access to critical data around the world.

The MediBloc Team

MediBloc Listings

MediBloc Partnert

MediBloc has already established many partnerships to ensure that their technology has real reach when it enters the market. various ccompanies as well as medical institutions are lining up to integrate their businesses with its technology.

The partnerships include large medical institutions. Some are listed below:

Here is a short video to explain more on MediBloc

More Information & Resources

This is an @originalworks sponsored contest

medibloc2018

Sort:  

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin6744.810$-0.27%1.77%
ETHEthereum473.650$-2.52%-0.72%
MEDMediBloc [QRC20]0.005$-4.83%-4.18%
QTUMQtum8.513$-4.9%-7.75%
STEEMSteem1.443$-7.39%-14.36%

Hello! I find your post valuable for the wafrica community! Thanks for the great post! @wafrica is now following you! ALWAYs follow @wafrica and use the wafrica tag!

@bateren, you are interesting to read!

I agree with the author, @bateren!

@bateren you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!

Coin Marketplace

STEEM 0.25
TRX 0.25
JST 0.039
BTC 95803.39
ETH 3334.91
USDT 1.00
SBD 3.31