Medicalchain is a decentralized platform that enables secure, fast and transparent exchange and usage of medical data. They are using blockchain technology to create a user-focused electronic health record and maintain a single true version of the user’s data.
Medicalchain will enable users to give conditional access to different healthcare agents such as doctors, hospitals, laboratories, pharmacists and insurers to interact as they see fit. Each interaction with their medical data is auditable, transparent and secure, and will be recorded as a transaction on Medicalchain’s distributed ledger. They protect patients’ privacy in the process and at all times. Medicalchain is built on the permission based Hyperledger Fabric architecture which allows varying access levels; users control who can view their records, how much they see and for what length of time.
By empowering users Medicalchain can build the future of healthcare together. Medicalchain will be a platform for other digital health applications to develop on; users will be able to sign for these applications and services which are powered by their health data and secured by smart contracts. Medicalchain is currently developing two applications to work alongside the platform: a doctor-to-patient telemedicine application and a health data marketplace.
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The telemedicine application will enable users to consult a real doctor remotely (for example, on their phone) for a small fee payable directly to the doctor.
With the marketplace, Medicalchain will enable users entirely at their will, to negotiate commercial terms with third parties for alternative uses or applications of their health data as for instance would be the case with sharing this with researchers. It is intended that Medicalchain and others will contribute many more applications to the platform – helping bring value to all stakeholders.
Medicalchain’s platform will be powered by “MedTokens”. They are issuing 500 million tokens, which will be distributed at a rate up to 1 token to $0.25 in ETH. These will be offered in a crowd selling process commonly known as an “ICO” or “Initial Coin Offering.”
These tokens will be offered in a crowdsale to allow participants to purchase MedTokens early as well as contribute and support the further development of Medicalchain. Starting on February 1st 2018, participants will have the ability to contribute and receive MedTokens in exchange for their ETH by sending Ether to a designated address.
To know more, visit MedicalChain