This article is not financial advice. ICO investments are high risk. Not a sponsored article.

Medical Chain Introduction

Medicalchain’s goal is to use the blockchain technology to store a singlue true version of patient’s health records. This technology allow doctors doctors, hospitals, research facilities, pharmacists and insurances to access a user’s medical information. By digitizing health records, medicalchain aims to empower users to have more transparency on the authenticity of their data. It will also allow industries to work better with each other.

To explain the whole concept a little better. Watch the short video below:

Project Information

Website | Whitepaper | Telegram

Medicalchain is a decentralised platform that allows a secure, fast and transparent exhcange of medical data. The vision is to create user-focused electronic health record and allow for a single true version of a user’s historical medical data.

Interesting: A doctor-to-patient telemedecine application and health data marketplace will allow users to consult a real doctor from wherever they are for a small fee.

Current State of Healthcare

Healthcare systems are slow and difficult to manage.

Vulnerable to outside attacks. Example: Wannacry attack

Sharing user data is difficult with other industries because the healthcare data landscape is fragemented

No incentive to keep all the records up to date.

Medicine is being democratized. There is a shift of authority in recent years.

It is important to realize that Clinicians need this user data to make informed decisions on what kind of treatment a patient needs to undergo. Therefore, a patients quality of care can suffer due to incomplete medical history. Below is a diagram where you can see the amount of deaths that occurred due to medical error:

Figure 1: Table showing yearly death rate as per

John Hopkins University research in 2016

Source: Medicalchain Whitepaper; National Center for Health Statistics, BMJ

Risk management – Patient Safety

A patient can grand or disallow access to his own medical records at will. However, if there is an emergency and the patient is non-responsive, then the doctors can get be granted access by scanning the bracelet.

The bracelet saves the following information:

Patients name

Next of kin

medication

allergies & known procedures

Token Utility

Medicalchain Roadmap

Token Economics

500 million tokens

175 mm pre-sale & crowdsale

170 mm company, team advisors, founders and future employees.

75 mm Founders

40 mm Company development

55 mm Team, advisors early backers

Token Sale: 1st of February

1st of February Available tokens for sale : 175mm

: 175mm Softcap : 1 MEDToken = $0.25

: 1 MEDToken = $0.25 Pre-Sale : $20mm

: $20mm Crowdsale: $4mm

$4mm Whitelist : Yes

: Yes KYC: Yes

500 million supply is a good supply. One thing that I am a bit worried about is the slightly higher token price of $0.25 cents. There is a chance that the price dips under the ICO price as soon as it hits the exchange.

Ratings

Icobench

Conclusion

I am hyped about this project. There are a few concerns that they might not be able to target the global healthcare spectrum. However, I am positive they will definitely thrive in the UK. Even though they have strong competition such as Vechain and Medibloc they will push forward with there diversified team. I will be investing in this ICO.

Feedback and improvements appreciated.

This article is not financial advice. ICO investments are high risk.