The cryptocurrency market has been highly volatile and speculative in recent months. At this point, utility tokens such as the MediChain Medical Big Data Platform Token (MCU) are attracting attention as Blockchain enthusiasts speculate on an increase in value, thanks to a demand-based estimate.
Utility tokens are directly linked to the service provider, using Blockchain technology. They have the advantage of offering access to multiple innovative possibilities in relation to cryptocurrencies (they have utility - quite simply). Tokens, however, have one thing in common with other crypto-currencies: the exclusive and rare character. MediChain's recent Initial Coin Offering (ICO) is a good example of how to operate a chip ecosystem.
MediChain is oriented towards the medical field
The MediChain project focuses exclusively on the medical sector. He creates a database of electronic health and medical records (EMR / EHR) on the blockchain . Patients, doctors, and researchers can easily access patient records around the world, even though their storage is more secure.
Folders contain both valuable and personal information, which makes them explicit user properties. MediChain differs from other databases in its conviction of the importance of anonymization on a platform at the forefront of the latest innovations. All key data is kept offline. The patient is free to instantly send his file to any health care provider or sell it anonymously to a medical industry.
The MediChain platform streamlines the connectivity of information perceived by medical service providers while delivering EMR / EHR data to industry leaders and innovative companies in the medical sector.
Mark Baker, CEO of MediChain and an innovator of blockchain technology, explains:
Whether it's pharmaceutical companies doing research or testing new drugs, insurance companies that probe medical trends, or medical researchers looking for a cure, there are many uses for the Big Data, there is also a growing market for mobile healthcare applications. MediChain will provide a central hub between all these interests and the individual recipient of care.
The use of the MCU token
The MCU token has the potential to improve productivity in medical research and individual health. It contributes greatly to the health care ecosystem. There are many uses of the token as the currency of the platform .For example, consumers will be able to gain by sharing their information, which will be part of Big Data accessible to researchers. These tokens can regulate the consultations and medical services needed by patients afterwards.
With respect to health care providers, they will be able to use these tokens to pay for the new information systems and products of pharmaceutical companies as well as researchers. In addition, customer feedback is valuable to the extent that it enhances the product. Innovative industries can collect their opinions by rewarding them with the chips. As the medical industry begins to globalize, MediChain is at the forefront of the future in intelligent, safe and personalized hospital care.
In conclusion
The "utility token" is a tool . It has a particular use in an ecosystem, here medical, determined. This type of token fits into a specific project that can have different vocations depending on the project: medical (as seen in the article you read), real estate, trading, etc.
The use of the word "cryptocurrency" always makes sense to define what is a utility token. However, because of the extended functionalities of the utility tokens (voting rights, giving an opinion, sharing information, etc.) the definition of "cryptocurrency" describes only one of the many extended advantages offered by this type of token.
MediChain's ICO started on March 1, 2018 and is expected to end on April 30, 2018. For more information on how MediChain works and the MCU token, visit their website.
What do you think about MediChain's contribution to the medical sector? React in the comments section below to send us your opinion.
Posted from my blog with SteemPress : https://infos.link/utility-tokens-arouse-interest-in-the-instability-of-cryptocurrencies-example-with-medichain/