Medicalchain leverages blockchain technology to securely store health records and maintain a single version of the truth. Different organizations such as doctors, hospitals, labs, pharmacists, and insurance companies can request access to patient records for their purposes and record transactions on the blockchain. Medicalchain provides solutions for todays health record issues by securely storing and sharing electronic health records. By digitizing health records and empowering users, we can harness the synergies of countless industries.

I. Project Introduction

Several companies are attempting to bring blockchain technology into Electronic Health Records (EHR). However, MedicalChain appears particularly advanced in its development. The company has already rolled out a platform across hospitals in the UK. MedicalChain aims to scale on this platform. The end result is better patient data storage, improved healthcare, and a more efficient EHR system.

MedicalChain offers an elegant solution to alleviate the highly complex flaws in the industry. The team planning to execute this vision is well-supported from the crypto space. Nonetheless, with the launch approaching, some critical metrics are yet to surface. This may affect investor confidence somewhat, but overall, if the project gains widespread adoption, it could offer significant returns.

Project Features

The blockchain solution for the healthcare industry has significant growth potential, especially in the healthcare data sector;
Considering the issues the NHS faced over the past year, starting operations in the UK looks like a good choice;
In November 2017, the team joined the Hyperledger Healthcare Working Group, gaining access to rich resources.

Use Cases

Telemedicine Platform
Medicalchain will enable patients to communicate directly with doctors and share their health records for online consultations.

Privacy and Access Control
Medicalchain users have full access and control over how data is shared. Users will have the ability to set different access levels for various users; they will be able to grant access and specify who can query and write data to their blockchain.

Telemedicine Platform
The patient-doctor platform allows users to connect directly with healthcare professionals, share their records, and receive consultations and second opinions online through secure channels. Users can speak to real doctors from anywhere in the world. Doctors will be compensated for their time spent on the platform.

Health Record Licensing
Users will have complete control over their electronic health records on the Medicalchain platform. This will enable them to license their electronic health records to pharmaceutical companies for research. When used in conjunction with Medicalchains conditional permissioned access system, users will easily set boundaries on what information companies can access and for how long.

Application Development Platform
Medicalchain will allow third-party developers to build and showcase their applications within the ecosystem. Health apps include medication assessments, interactions with wearable data, body fat measurements, diet and nutrition advice, and more. These apps will directly connect to the Medicalchain platform. Patients will grant access to their health records to the apps in exchange for MedTokens.

II. Commentary

Medicalchain creates a decentralized platform based on blockchain technology for the rapid and transparent exchange and use of medical data. The platform uses a dual blockchain structure, the first built on Hyperledger Fabric, controlling access to medical data. The second, based on the Ethereum network, driven by token tokens, is the foundation for all underlying services and upper-layer applications of the platform.

Medicalchain uses blockchain technology to securely store health records and maintain a single version of the truth. Doctors, hospitals, labs, pharmacists, and insurance companies can request access to patient records to serve their purposes and record transactions on the blockchain.

Medicalchain provides solutions for todays health record problems by securely storing and sharing electronic health records. By digitizing health records and empowering users, we can harness the synergies of countless industries.

The team is attempting to address the current issues facing healthcare data:

1. Accuracy and Circulation: Healthcare data is fragmented due to different systems and data formats. There is no single authoritative source of data available to stakeholders;
2. Security and Fraud: Sensitive medical data is stored on outdated centralized servers where security levels are not reassuring. In 2017, the WannaCry attack crippled the NHS, resulting in the loss of up to 500,000 medical records, with these sensitive data fetching up to ten times the price of credit card information on the black market;
3. Data Storage: Medical data generally exists across several institutional entities, thus heavily dependent on the security levels of these systems;
4. Privacy Control: Patients cannot control who uses and accesses their medical information.

Relevant Links:
https://medicalchain.com/
https://medicalchain.com/Medicalchain-Whitepaper-EN.pdf
http://www.qukuaiwang.com.cn/szhb/3059.html###
https://info.binance.com/cn/currencies/medicalchain