Hello guys. I am back again with another ICO review. This time, its Medichain. Medichain is here with some fantastic services. As usual, before I review Medichain, I will give some background into why Medichain is here, What problem do they solve and how they intend to solve these problems. Just sit back and enjoy this detailed piece.

Medical records are a vital asset in ensuring that hospitals are run effectively and efficiently. They support clinical decision-making, provide evidence of policies and support the hospitals in cases of litigation. Introduction Hospitals deal with the life and health of their patients. Good medical care relies on well-trained doctors and nurses and on high-quality facilities and equipment. Without accurate, comprehensive up-to-date and accessible medical records, medical personnel may not offer the best treatment or may in fact misdiagnose a condition, which can have serious consequences. Associated records, such as X-rays, specimens, drug records and patient registers, must also be well managed if the patient is to be protected. Similarly, good medical records care ensures the hospital’s administration runs smoothly: unneeded records to be transferred or destroyed regularly by keeping storage areas clear and accessible; and key records to be found quickly by saving time and resources.

The medical record is the who, what, why, where, when and how of the patient care during hospitalization. Medical record is the only history of achievement, the only measurement of work being done by the medical and nursing staff, the only record of progress of the patient, and it is the source of information for many purposes.

Medical records are any records that document the pertinent facts of a patient’s life and health history, including past and present illness (es) and treatment(s), written down by the health professionals handling the patient’s care. The records must be compiled in a timely manner and contain sufficient data to identify the patient, support the diagnosis or reasons for the healthcare encounter, justify the treatment, and accurately document the results. As such, they are the visible evidence of the hospital’s clinical activities and accomplishments. It contains sufficient information to identify the patient, support the diagnosis based on history, physical examination and investigations, justify the professional management given, record the course and results thereof, and ensure the continuity of care provided by practitioners and other healthcare workers to that particular patient. Medical records are either in paper form or electronic form.

A paper-based medical record is a systematic collection of patient’s personal information and health history which is documented or written on paper form . Traditionally, active records are usually housed at the clinical site but older records (e.g those of the deceased) are often kept in separate facilities.

Electronic Medical Record (EMR) is a computerized medium that contains clinical information as recorded in a patient’s record. This is only restricted to clinical information which refers to patient data which includes, for example, diagnoses, allergies, prescriptions, etc. Some EMRs include an additional module, or component, for registering patients’ demographic information.

To sum it up, hospitals keep medical records for a number of reasons, which includes:

• for communication purposes while caring for the patient

• for continuity of patient care over the course of the patient’s life

• for evaluating patient care

• for medico-legal purposes

• for use as a source of health statistics

for research, education and planning purposes.

medical record is compiled primarily to assist physicians and other health care professionals in treating patients.

The record contains information on past and present conditions and treatment, family history, diagnosis, progress notes, consultation reports and laboratory tests. It may also include opinions on the condition and care of the patient.

The record provides for continuity of patient care and maintenance of an optimal standard of care. Secondary uses for the information contained in the medical record include epidemiologic studies, research, education, remuneration for services rendered and quality assurance.

Now, Having given the basic meaning of medical records, what challenges are encountered while keeping these records

The sensitivity of medical records has brought several challenges to managing institutions. The commonest relates to storage, access, safety and security. Hospitals which use primarily manual based medical records systems experience storage problems. Access to medical records is another challenge that users and custodians face. Sometimes there is conflict on the ownership and the right of access to a patient record. The US Fair Health Information Practice Act of 1997 has tried to reduce this friction by mandating a healthcare provider to allow individuals to examine their medical records and it also has provision for a civil and criminal penalty for failure to abide by this requirement.

The safety and security of medical records is a challenge to personnel in-charge of patient records. There were numerous instances where case notes were not kept in secure conditions. In a number of examples, it would have been easy for unauthorized persons to have had access to case notes either from open libraries or from other uncontrolled areas. Case notes, for instance, were found unattended to in out-patient clinics and were sometimes left in clinic areas overnight because the medical records department had closed. All users of case notes (doctors, nurses, medical secretaries, ward clerks, medical records staff and others) should be aware of the importance of security.

Unattended computer terminals, particularly if left logged on, are another risk as are fax machines and inadequately protected and controlled computer networks The challenges of managing medical records are closely linked to the abuse of patient information. When medical records are not properly managed, without proper security measures, they can be misused, which can lead to possible violations of privacy and confidentiality of medical records. There are several misuse of medical records and the confidentiality of medical records is threatened in many different ways. Most news worthy is the misappropriation and disclosure of medical records for financial gain or to cause harm or embarrassment.

The threat of abuse of medical records manifests, not just in unauthorized users, but in those authorized to access files as well. Often, confidentiality is breached through legally sanctioned activities such as billing procedures conducted from remote locations as well as casual or careless conversations among medical professionals in hospital elevators.

It is also important to note that the misuse of medical information found in medical records is not only manifested in paper-based records, misuse can also occur in electronic based records. Electronic tools such as the Internet, electronic mail, digital imaging and telemedicine are now indispensable for conducting business in the electronic healthcare field and are equally vulnerable. They are vulnerable because the electronic environments allow remote usage of records. In this regard, effective security systems are needed to limit unauthorized access to electronic patient records.

Electronic medical records are being commonly used and provide many benefits. Firstly, an electronic medical record improves the quality of healthcare and access to information. Secondly, it reduces clinical errors often attributed to illegible physician’ handwriting. Electronic medical records may also contribute to cost reduction measures in the management of patient records. Besides, they also improve information sharing by health practitioners thus enhancing communication of patient information.

Despite their benefits, electronic medical records present a number of challenges.

They are costly and need a substantial amount of finance in order to set up.

Electronic medical records are technical in nature; and demand training before they can be used.

They lack standardized terminology and system architecture which render it hard to implement.

Some of the challenges of using electronic medical records are security related.Security lapses might compromise the privacy and confidentiality of medical records.

Medical records are important ingredient in the health institutions. However, medical records need proper management through proper storage areas, controlled access and adequate preservation measures to improve efficiency, safety and quality of care. Thus, the reason why MediChain is here.

What is MEDICHAIN?

Medichain gives patients ownership of their own medical data. Medichain is a medical big-data platform. It allows patients to store their own data in a secure way and give access to specialists anywhere regardless of the payer network or EMR (Electronic Medical Record) used.

Medichain is a Medical Big-Data Platform. Our proposed system allows patients to store their own data off-chain in an appropriate geographic domain, and give access to doctors and specialists anywhere, regardless of the payer network or EMR used. Patients, doctors, and hospitals could put data into a compliant cloud which becomes part of the medichain ecosystem and the blockchain stores pointers and rules on usage and anonymity, while the data itself is stored off-chain in a compliant cloud, By improving patient data sharing and availability, and being open to add to any existing system or be managed automatically by doctor or by patient, medichain aims to allow better conditions for all parties, creating a better way of handling patient data than anything available today.

The Problems medicine in any country :

Big spends Money on a year for research. Medical Errors data are now the 3rd largest cause of death and the coast very high

We have Solution about this problems :

By Using Blockchain Technology MediChain will promote these research breakthroughs and patients opting in and sharing their medical data, they will be able to help people who are suffering from similar health issues. Additionally, sharing medical data will streamline the process of finding cures to the world’s worst diseases.

Advantage of Medichain

The User Member can Take data Anywhere and move it between healthcare provide, specialist, insuresrs. Keep data safe & anonymised and medical data is very confidential No cost for patient or doctors, moneestied by paatiens opting to let medical scientist and companies use data for reserch.

Token Holder Benefits

Medichain Utility Tokens (MCU) represent the value of arbitrary patient data blocks. MCU Utility tokens can be purchased via the platform during the tokens sale. Over time this value is adjusted for token availability, different data types, diseases, patient demographics etc., to reflect the buyer’s market.

Any/All additional future business transactions on the MediChain Platform

Research Program Voting. Get the chance to determine the focus of future research

Personal Medical Data Storage and transfer

Personal Medical Data Services

MCU Discounts

How MediChain will work

Any provider backend and user interface implementations can participate in the system by employing the modular interoperability protocol as defined through our blockchain contracts. Steps 1 and 2 in Figure 2 illustrate our backend implementation of a scenario where a provider adds a record for a new patient. Steps 4 to 6 in Figure 2 continue the use case described above from the patient node perspective. The patient’s modified Ethereum client continuously monitors her SC. Steps 7 to 9 in Figure 2 illustrate how a patient retrieves personal data from the provider node.

Other anticipated MediChain Network Development includes:

1. Diagnostic Tools

2. Related Algorithms

3. Personal Monitoring

4. Academic Medical Studies

5. Insurance Insurance Insurance (SmartCard Integration at this stage is introduced)

6. Integration of EMR (Electronic Medical Records)

7. Telemedicine

8 National Resource

Token Distribution

Pre-Sale 6,500,000 MCU

6.5% of MediChain tokens MCU will be distributed at presale

Public Main Sale 40,000,000 MCU

40% of MediChain tokens MCU will be sold through the public sale.

Medical Data Growth Fund 10,000,000 MCU

10% of tokens will be reserved for funding actions that add high-value medical data to the ecosystem through funding Research Grants

Partner Fund 15,000,000 MCU

15% of tokens will be reserved for future specialists and future rounds of investment, and distributed among future partners

Advisors 6,500,000

Bounty 4,000,000

1 MCU has a nominal release value of $1 US. All unsold tokens will be burned.

Road Map 2018–2020

Q1 2018

General MVP

The MedRec system is live and scaled on the rackspace server

Research

Scientific program, 10+ rolling grant gets high quality data

Pharma

Outreach program to determine data needs

Stakeholders

Data stakeholder programs begin to ensure purchase

HIPAA & FDA

Compliance is complete

Research

Outreach programs 1–3 grants got the best data

Team Growth

Boost the world-class talent as needed

Talent Search

Interesting great talent. Includes hackathons

Partner Creation

Research and build high-value data

Pharma

The partnership develops 10–15 companies

Q2 2018

Research

Scientist Program, 3–5 grants to get high value data

EHR / EMR

The integration between EMR and MediChain is complete

Analysis

Analysis of ongoing operational needs

Q3 2018

Large data

1TB + Data. Tech upgrade to handle the next petabyte

Security

Q3: White hat team and additional tiger

Technology

Shift to accelerate parallel barriers for different WHO data sets

Q4 2018

Large data

PB + Data. Tech Upgrade to handle the next exabyte

Strategic Review

Maximize growth, value and social impact

Talent Development

Funnel, bring and develop the best talent

Q1 2019

Research

Scientific program, 5–10 grants get high value data

API development

Develop APIs for third party integration, promotion and support

Data Hackathons

Promote high-profile medical hackathons

Q2 2019

Pharma

The partnership closes with 5–10 companies

Partner Creation

Research and build high-value data

Publication

Target for first publication with epidemiology

Q3 2019

Standard

Establishment of the Medical Blockchain standard group

Large data

Tech EB + Upgrade to handle the next 10EB

Pharma

The partnership closes with 1–3 companies

Q4 2019

Symposium

IT Symposium & Annual Information Science for MediChain

Technology

Upgrade to version 2.0 for scale and security

EHR / EMR

The system starts getting patient data to MediChain

Q1 2020

Smart card

Initiation of the Doctor and Patient Smartcard program

Q2 2020

Strategic Review

Maximize growth, value and social impact

Q3 2020

Large data

Data 10EB +. Tech Upgrade to handle the next stage

Q4 2020

Symposium

Aims to be the leading data provider in the industry

Pharma

The partnership closes with 10–20 companies

For more research on medichain please visit our website:

MEDICHAIN | WHITEPAPER | ANNOUNTCEMENT | TWITTER|FACEBOOOK | TELEGRAM

MY ACCOUNT BITCOINTALK: Rulelies

LINK: https://bitcointalk.org/index.php?action=profile;u=1216033

RANK: Member

ETH WALLET: 0x7d3dD876CAC731062337a61b333D548e7cc7AE8e