How MediBloc will change the medical data industry?
"The centralized method in the hospital of maintaining and sharing your medical records data can now be decentralized securely through blockchain technology." MediBloc is a blockchain startup that is creating an ecosystem where medical records can be saved and transferred securely by their rightful owners, patients and not hospitals. Its co-founders are professional doctors with experience in computer science who realized that the problems and limitations in the handling of medical records could be solved through blockchain technology. Dr. Allen Wookyun Kho, dental surgeon, previously worked at Samsung Electronics as a software engineer. Dr. Eunsol Lee, a radiologist, is also a data scientist with experience in medical data analysis. MediBloc is the first company in the world to merge blockchain technology into a PHR platform. For example, a patient may have to retake the same blood and X-ray tests when they change from hospital A to hospital B. A patient may also have to revisit the hospital and pay for a medical report. Patients are often victims of this additional cost with the current record keeping system. This leads to many problems, as doctors may have trouble providing adequate treatment if a patient incorrectly communicates his medical history. Medical researchers can only have limited access to medical records data due to private data protection laws.
MediBloc believes that blockchain technology is the key to solving this problem. Blockchain, the core technology behind crypto currencies such as Bitcoin, Ethereum and Qtum, helps ensure the credibility of digital data. Unlike existing institutions that keep transaction records in a centralized server, blockchain distributes transaction records to all users in the network and has a distributed validation mechanism. Fake data and hacking can be avoided while ensuring transparency and credibility. MediBloc plans to operate in Korea and China first and then go globally. MediBloc has partnered with law firm Seum to obtain legal advice and is working closely with Qtum, a blockchain application platform.
"People may think that changing the PHR paradigm is too ambitious for a startup. However, MediBloc aims to become the element of change in the health industry. It is believed that MediBloc will contribute to a win-win strategy for patients and doctors in the health services industry. "
What is the impact of people having full control over their medical records?
MediBloc is a revolutionary project that was underway for a few years. People have always said that the blockchain industry can benefit the health sector. Although there are other projects that seek to do the same, not all are as promising as MediBloc. Gives control of medical data to patients; also, they can choose who to give access to their personal health data and medical history. Therefore, sharing this data avoids going through unnecessary procedures and smoothes the treatment procedure. Security is achieved through the use of blockchain technology, which also provides immutability. MED tokens allow you to make payments for services such as medical insurance, while MP allows users to contribute better to the framework. For more information visit the following pages...