Problem:
Generally, if the patient consults a doctor, according to patient’s disease doctor makes medical report for that patient, but there is no surety that patient will consult the same doctor every time. The next doctor will not have the medical record until it is sent to him and It will be difficult for the doctor to analyse the patient condition within a short time.
According to National Center for Biotechnology Information(NCBI), medical errors are the cause of third leading deaths in US. There are 44000 to 98000 deaths happening per year due to medical errors in US.
What is Medichain?
Medichain is the medical bigdata platform with an aim of keeping the patient record on block chain and Share the patient health records with every doctor.
It gives the ownership to the patients over their medical record.
Working:
Allowing patients to store their own medical data giving access to doctors and specialists, whilst keeping their data secure.
If Pharmaceutical company wants to conduct a primary search and it needs small amount of data it pays money to Medichain.
In the background the purchase tokens listed for sale is sold for the price of data. These tokens then purchase the data from MediChain for the pharmaceutical company, so MediChain now owns the tokens and the pharmaceutical company gets the data.
If the pharmaceutical company gets interesting results from the primary research now they need more data from the Medichain. They should pay high price for the data
How tokens are used:
Main token:
When patient shares his medical report to the Electronic medical record(EMR/EHR) or he will be given by some MCU (Medichain Utility Tokens)
Bigdata flow:
Bigdata mainly flows from medical scientists and pharmaceutical developers to the Medichain, as they take huge raw data from Medichain.
Raw data flow:
Raw data is the data which is getting directly from the patients. It will go to EHR and medical scientists for further research.
Competitive advantage:
From the architectural point of view blockchain alone is not sufficient for the easy accessibility. Considering this Medichain has developed a hybrid of blockchain and off-chain data storage. Resulting in faster speeds while having privacy and security
Token matrix:
Token Symbol: MCU
Token Type: ERC20
ICO Token Price
1 MCU = 1 USD
Soft cap: 2,000,000 USD
Hard Cap: 40,000,000 USD
Platform: ETHEREUM
Total Tokens: 100,000,000
Whitelist: YES,
Know Your Customer (KYC): YES
Countries that can't Participate: UNITED STATES
Accepts, ETH, USD, LTC, DASH, BCH, NEO, ZE
Team:
Dr Mark Baker-CEO & Founder
He is the former CTO at “episerver” one of the leading digital marketing and digital commerce company in London
He is the Co-founder and director of “AdTorum” internet technology company
Dr Nicolas Smoll- Medical Doctor, Epidemiologist
He is experienced in clinician and academic in the field of expertise include, pain medicine, big data, epidemiology and biostatistics.
Ron Cafferky: Electronic Health Records Specialist
Manager of Clinical Informatics with more than years in the Healthcare IT Industry. Specializes in data analytics and reporting in various EHR systems. Leadership experience in leading projects and a team of developers. Blockchain enthusiast.
Katy Blackwell: Chief of Operations
Highly experienced attorney and operation consultant assisting businesses regarding regulatory & HR compliance, process improvements, intellectual property, mediation and contract negotiations.
Verdict:
Medichain is one of the unique platform in the blockchain based on bigdata. It has many features which will benefits from its competitors like they have hybrid of block chain and off chain data storage which result in the privacy and fast access for the doctors to access the patient data. And the team looks great as few has prior experience in the medical field and few has experience in technical field it gives the proper combination.
Links:
Website: https://medichain.online/
Whitepaper: https://medichain.online/
Facebook: https://www.facebook.com/MediChain.Online/
Twitter: https://twitter.com/medichainonline
Telegram: https://t.me/medichainonline_group