MedicalChain — Healty is Wealthy

aervin11 (38)in #medichain • 7 years ago (edited)

MedicalChain
Healty is Wealthy

Here Im gonna talk about what the innovation that Medical Chain could bring into the market, why is that really needed and how MedicalChain can solve it all.

A medical record in the past was information documented on paper for research, clinical, administrative and financial purposes. Its major drawback was in terms of accessibility, and it was available to one user at a time. Its completion was delayed anywhere from 1 to 6 months or more because it was updated manually.

The purpose of documentation through electronic media remains the same even today that is to support patient care. EHRs have several advantages over paper records. Production of legible records reduces many problems of wrong prescriptions, doses and procedure.Moreover adverse drug reactions can be reduced substantially when the EHRs are connected to drug banks and pharmacies. This can be done by not permitting prescription and order for drugs for which a known adverse reaction is known for a certain patient. Easy accessibility from anywhere at any given time is also beneficial.They require less storage space and can be stored indefinitely. They reduce the number of lost records, help research activities, allow for a complete set of backup records at low cost, speed data transfer and are cost-effective. Hence, EHRs have been shown to improve patient compliance, facilitate quality assurance and reduce medical errors.

What is MedicalChain?

MediChain is a platform that stores data or indexes large amounts of data containing medical records of patients with blockchain technology. So whenever and wherever the patient is examined will be prescribed the drug in accordance with the medical record in the blockchain. After the prescribed medication the patient obtains a reference or “clue” is added to the Ethereal blockchain — a decentralized digital ledger.In addition the medically indexed patient data on medichain will remain safe and anonymous

Any MediChain user either patient or doctor who logs on blockchain with smartcard will gain complete control over their own data but is interconnected between patient and doctor. This can facilitate the safe exchange of medical records protecting sensitive data from hackers, and ensuring patients benefit from sharing information. A custom-built “healthcare blockchain” is a revolutionary step in the medical records industry.

MediChain Platform

The Medichain Platform will be developed by a great team and on the Ethereal framework with offchain data stored in secure clouds in the appropriate region. In the next stage will be developed a number of medical specialties such as epilepsy and rheumatology and certain diagnostic devices as well as building a data warehouse chain through open access APIs and medical partnerships. Furthermore MediChain will be available publicly through the API and through partners for data acquisition. Data exchange will be developed to allow secure access of anonymous data to be controlled to patient data.

MediChain System

For MedRec, the block content represents the ownership of the data and the access rights of viewers owned by peer-to-peer private network members. Blockchain technology supports the use of “smart contracts”, which allow us to automate and track certain country transitions (such as audience rights changes, or births of new records in the system). Through smart contracts on the Ethereal blockchain, we will record the relationship of patient service providers that associate medical records with view permissions and data retrieval instructions (the digest of data pointers) for execution on external databases. Included in the blockchain will be the cryptographic hash of the record to ensure against interference, thus ensuring data integrity.
The provider may add new records related to a particular patient, and the patient may authorize sharing of records between service providers. In either case, the party receiving the new information receives an automatic notification to verify the submitted records before accepting or rejecting the data. This allows participants to be informed and involved in the evolution of their recordings.

The MVP prioritizes usability by also offering designated contracts that collect references to all user patient provider relationships, thereby providing a single point of reference for checking medical history updates. In MVP we handle identity confirmation via public key cryptography and implement implementations such as DNS that map existing and widely accepted ID IDs (such as names or social security numbers) to the person’s Ethereal address. The synchronization algorithm handles the “off-chain” data exchange between the patient database and the provider’s database, after a blockchain reference to confirm permission through our database authentication server.

MediChain Utility Tokens

MediChain Utility Tokens or MCU is the representation or represents the block value of the patient data. MCU Utility Tokens can be purchased through platforms during token sales. The basic rule is that initially, data from each consultation or data piece is arbitrarily rated in the MCU equal to the cost of consulting for buyers in US dollars. Over time this value is adjusted to the availability of tokens, data types, diseases, demographics of the patient and others, to reflect the buyer’s market. How to buy MediChain Utility Tokens check this link https://medichain.online/
Utility Tokens (MCUs) can be used for:

Research Program Voting

MediChain funds and tokens support the creation of research grants particularly aimed at academic institutions, healthcare networks, universities and scientists to gather high-value big data to MediChain (and the research community). MediChain Utility Tokens are used to vote on determining the focus of future research. Voting options are determined by internal and external domain experts.
And to buy:
Personal Medical Data Storage and transfer
Personal Medical Data Services
MCU Discounts
Institutional Medical Data Services (including Diagnosis)
Research Medical Data Services
Example of how data may be sold for tokens

Tokens Allocation

The Utility Tokens for MediChain (MCUs) made available for sale in connection with The Token Generation Event (“TGE”) will be allocated as follows:
Pre-Sale Maximum 6.5%
Public Sale 40%
Partner Fund 15%
Team & founder Fund 18%
Advisors 6.5%
Medical Data Fund 10%
Bounty 4%

1 MCU has a nominal release value of $1 US. All unsold tokens will be burned.
Pre-Sale 6,500,000 MCU

6.5% of MediChain tokens MCU will be distributed at presale. That will be five million sold and one point five million bonus tokens
Public Main Sale 40,000,000 MCU

40% of MediChain tokens MCU will be sold through the public sale. Received funds will be used toward the operations of the MediChain for the next five years. This includes development, administration, marketing, financial and legal consultancy, etc.

Token Holder Benefits

Institutional Medical Data Services (including Diagnosis)
Medical Research Data Services
Any/All additional future business transactions on the MediChain Platform
Research Program Voting. Get the chance to determine the focus of future research
Personal Medical Data Storage and transfer
Personal Medical Data Services
MCU Discounts