In a context of continuous volatility in the crypto market, driven in part by market uncertainties and the speculative purchase of traditional security tokens such as Bitcoin, more attention is being paid to so-called utility tokens such as the MediChain Medical Big Data Platform. .
In addition to the standard token characteristics of shortage and market capitalization, utility tokens have another intrinsic merit: they are linked to a useful service and demand. Access to the service depends on the use of utility tokens in a blockchain-based platform. Through its platform, MediChain plans to renew electronic health records (EHR) and electronic medical records (EMR).
In the process, it will allow patients to take control of their own data, help medical providers improve the quality of service and reduce errors, improve the security of EHR and EMR data and facilitate the discovery of cures for diseases.
In addition to the social factor, the platform is likely to generate significant revenue streams. According to a recent survey conducted in seven countries, commissioned by consultant Accenture as part of its Consumer Survey on Digital Health 2018, consumers are increasingly willing to share personal data with health professionals and even insurers, and are also open to use personal devices that allow them to control their health.
By creating a compatible cloud in the MediChain block chain, patients can save their medical data and decide what to share with healthcare providers and personal doctors both locally and globally. In addition, the records are anonymized on the platform, and the key data is kept out of the chain. These records will be important interesting data for a number of different players, as explained by Dr. Mark Baker, CEO of MediChain:
"We know that our unique big data is attractive to pharmaceutical companies, for example, when they investigate or try new drugs. Naturally, insurers want to understand medical trends in the future "
And there is a burgeoning market for mobile health applications. Therefore, we also target software developers and manufacturers of various devices and devices for health.
Access to the platform requires the use of MediChain utility tokens (MCU) that represent the value of arbitrary patient data blocks.
Each piece of medical data is assigned an arbitrary value in the MCU equivalent to the price of a consultation with a patient in US dollars. The tokens are currently on sale at the company's ICO.
Dr. Baker also reveals more good news for potential token holders: "In addition to the expected revenue streams, we have already established partnerships with Swisher Memorial Healthcare System in Texas, and we have also sparked interest from several companies and other institutions, from the technology solutions provider Cerner and the Swiss SOS registry, to the Australian scientific research agency CSIRO. "
MediChain started the ICO on March 1, 2018 and will end on April 30, 2018.