Why Medichain to be considered as a potential ICO
In human life, health is really important to play role in their life. Progressing the time, health is more concerned by more people by anticipation or curing the ill. As the time goes by, technology is also advancing and progressing to influence all aspect of human life including health sector.
In recent time, technology specially in Information Technology are welcoming blockchain technology which is started to be used in many aspect of human life including healthy.
One of health sector implemented blockchain is Medichain, a Platform containing Medical Data in big size. This data are coming from patients who store their own data off-chain in an appropriate geographic domain or the storing can be done also by doctors or hospitals. By certain scheme, the platform will give access to doctors and specialists anywhere, regardless of the payer network or EMR used. This access surely with the permission of the patients itself as part of scheme organized by transcending individual electronic medical records systems. In simply word, this Medichain is relating with data utilization in health sector by using EMR to be gathered and managed in big data from each patient, by allowing data to be accessed by Medichain then the patient will be compensated by MCU (Medichain Tokens). Others can be rewarded also with MCU such as doctors, hospitals, and clinics with permission of the patients certainly.
This data in big size is managed by Medichain and utilized by researcher institution, pharmacy, insurance companies and other agencies or companies which needs patient data. Therefore I believe the Medichain is a potential ICO in health sector, just to be watched during achieving the roadmap execution. ICO is being held now, if seeing the demands of potential revenue then this is a good prospect in ICO. Started by 1$ per MCU, I believe the price will be increased accordingly with the progress of roadmap achieved as the milestone. This is the latest information of team activities : Reflecting on #BIISummitDubai last week - Medichain team had some great conversations on applications of blockchain for social impact at scale with Sally Eaves and Simon Cocking #MediChain http://medichain.online.
To know the future of this Medichain even above is presented a general view of such demands of MCU, people will generate their demand if there are benefits received by them. It is also for this MCU, to see the reasons that MCU will generate much demand from people then here below described the benefit of Medichain :
- Patient can take data anywhere, move the data between healthcare providers, specialists, insurers or even countries
- Keep patient data safe and anonymized, it just patients to decide how anonymized they want for their medical data to be
- Patients or Doctors will not be charged for data using, and this data usage will depend on patient permission to let medical scientists and companies use the data for research and other purpose.
- By using this Medichain, transaction speed for data will be much faster that can reach 14,400 times of speed than common access of EMR.
Above benefits can be found also in MediChain website at this link : https://medichain.online/.
Other factor to be considered for this seeing as potential ICO is on the team of Medichain, they are consisting of the expert of each field such as doctors, blockchain experts, etc. This point is surely to help our trust to the project to be carried on for achieving the milestone as stated in roadmap. However at least these people who should be known as they are the central of the team :
- Dr Mark Baker, CEO and Founder, Epidemiologist
- Dr Nicolas Smoll, Medical Doctor, Specialist
- Ron Cafferky, Electronic Health Records
- Katy Blackwell, Chief of Operations
Other core teams are experts, engineers and advisers.
Conclusion:
Medichain is considered as a potential ICO in health sector by utilizing EMR patient data to be monetized for parties needed such as insurance companies, researcher institutions, pharmacy companies, etc. EMR patient data is allowed by the patient directly or from doctors, hospitals and clinics. All the data provider shall be rewarded in MCU by Medichain. So, in principal that Medichain utilized big size data to be utilized by certain parties.
Team behind Medichain is consisting of expert in each field such as doctors, engineers, commercials, and advisers. Idea from this team is excellent by utilizing big data to improve directly in health sectors such as researcher for improving health, pharmacy companies to create better medicine, etc.