Do you get tired of writing your medical history down over and over again, or taking the same medical exams every time you go to a new doctor? Dreaded experiences like these highlight some of the problems that face the healthcare industry. Unfortunately, real solutions are few and far in between.
What is MediBloc
MediBloc is a decentralized app platform that uses the Ethereum Virtual Machine. It looks to give patients control over their medical history and data and choose who gets access to it. Currently, people have to undergo the same check-ups and provide all the details when visiting a new doctor. With MediBloc, all that information could be provided directly and save on precious time and resources and allow for better patient care and treatment. It also complies with HIPAA and prevents unauthorized access to the use of blockchain technology.
About MediBloc
MediBloc’s mission statement says it will “improve healthcare access and experience by redistributing value of personal healthcare data, accelerating the world’s shift to private information decentralization.” Founded in Seoul, South Korea in 2017 by a team of medical doctors and developers, it’s a privately held company that currently lists 10 team members and 10 advisers.
Co-Founders Dr. Allen Wookyun Kho (former lead software engineer at Samsung) and Dr. Eunsol Lee bring years of medical and technical expertise to the company by simultaneously being certified medical doctors and software engineers. To keep yourself informed of the project updates
How MediBloc Works
The platform is a decentralized app (DApp) formulated on the Ethereum Virtual Machine (EVM). As seen in the image below, three layers create the overall structure of the platform: Core, Service, and Application. In the three layers, the information that will be held pertains to personal information, medical data, and MED account (users, providers, researchers) balance.
Core Layer
Since blockchain storage is limited, the core layer is responsible for providing extra storage space since healthcare data is huge and requires a lot of storage.
Service Layer
Using Smart Contract technology, this layer connects the core layer with the application layer and facilitates app fetching of data.
Application Layer
All apps function within this layer and can access patient medical data with the use of mobile phone.
The platform will use the Medi Point system (MP), a points-based system that measures user participation. To gain higher MP, one can purchase it with MED or contribute to the data network. After collecting MP’s and waiting three months, you can convert your MP to MED. As stated before, the MED token can be used in medical transactions such as insurance payments. Unlike MED tokens, MP’s are used in the verification process and will not leave the platform.
The MediBloc Tokens
MediBloc uses two different tokens: the MEDI token (MED) and the MEDI point (MP). The former is a crypto token that is used for giving access and making purchases, while the latter is a token that is only for the MediBloc network. MP is a points-based system to give users and organizations a better standing in the MediBloc platform.
The only ways of earning MP is to either contribute to the network for its betterment or by buying them through MED tokens. Once you have MP, you can convert them to MED after keeping them frozen for three months.
Users can use MED for payments outside the platform like insurance payments. However, MP is solely for the MediBloc platform and cannot leave it. You can only use them for intra- MediBloc purposes like verification.
The MediBloc ICO
The Mediblock ICO will launch on the 27th of November 2017, and will run until the 15th of December 2017. During the ICO, MED tokens- the native token of the platform- will be available for purchase at a rate of 1 Qtum to 2,000 MED.
The Medibloc 2nd pre-sale is still in operation at the time of this report, and is offering MED tokens with a 5% token bonus for early bird investors.
Conclusion
MediBloc seems to have a solid team behind it and an interest in protecting its stakeholders through their plausible explanation of the coin burn. With the founders having experience in both the medical field and the technical field, it’s not hard to imagine that they know first-hand the problems facing the healthcare industry and have creative ways to solve them through technical advancement.
If the project carries out what it intends to, it could be revolutionary in the healthcare realm. Not only could it save patients and medical professionals a great deal of time and hassle, it could potentially aid in the advancement of medicine through decentralizing access to critical data around the world. So, while the project is still in its infancy and has a long road ahead of it, the plausible use cases for the MediBloc platform/currency are hard to ignore.
For more information watch this short introduction:
Here is the link to the contest by @OriginalWorks https://steemit.com/crypto/@originalworks/640-steem-sponsored-writing-contest-medibloc
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