What is Medibloc?
Medibloc is a blockchain-strengthened product that concentrates on the Self-Sovereignty of digitalized health records. Medibloc is creating a world where health records are reliable, secured, private and tradeable while incentivising the forces included in the cycle.
Medical data play an immense role in the healthcare industry. Better data means better care. More immediate access to patient data means quicker and more effective diagnosis and treatment. Other benefits of patient-centric health data include:
· Improvement of medical research for better health care.
· Easy and quick access to patient data may improve health outcomes.
· Gaining operational insight from healthcare provider data.
· It enhances public health strategy.
To further hasten the improvement of the healthcare industry, MediBloc has designed its ecosystem with those actors needed to facilitate tamper-proof, secured, and verifiable health data kept by the owners(patients) of the data.
The Medibloc Ecosystem
PHR
PHR is an acronym for Personal Health Record. Medipass is a PHR app that allows users to immediately retrieve their medical details from the linked hospitals. With this app, users can quickly and easily file insurance claims by bringing up their medical information from Medipass-linked hospitals, once they have completed their identification, and using the blockchain of Medipass. This device has ruled out the stress of mailing or faxing medical records along with pictures to insurance companies.
PANACEA
Panacea is the blockchain technology of Medibloc’s platform. The team tags that Panacea means “a remedy for all ills.” It is the core technology that will make Medibloc’s vision probable and will make an ecosystem of patient-centric health information collection, management, and utilization possible through decentralized identities (DIDs).
Through Panacea, data is managed by the data owners and the owners can safely update, send, utilize, and record the hash value of the health information. Many problems that patients face these days will be cured and improved through Panacea and patients’ healthcare experiences will be reinvented.
Roles of Panacea
· All the activities on Panacea could be checked through transactions (In the case of personal health information, only the hash value will be stored).
· Supporting the collection of patients’ health information from websites, mobile applications, etc.
· Receiving patients’ consent to utilize their health information.
· Empowering patients to have control over the collected health information.
· Allowing healthcare companies and medical institutions to trust patient-managed data.
Enabling the utilization of patient-consented data.
EHR/EMR
An Electronic Health Record / Electronic Medical Record is a digital version of a clinician’s paper chart, which contains notes and information about a patient and is mostly used by providers for diagnosis and treatment. Dr Palette is the EHR cloud provided by Mediblock for hospitals and clinics, which plays a role in generating and providing health data within the ecosystem.
$MED COIN
$MED is the ecosystem currency of Medibloc. According to Coinmarketcap, the circulating supply of $MED is 6.22B. Medibloc chain is built on QTUM, with BFT/ DPOS consensus mechanism. Medibloc chain has an essential real-world use case and has attracted big investors like Samsung. I will say, it is sure a gem to keep watch on. That is not a bit of financial advice.
Learn more about MediBloc’s achievements here to strengthen your fundamental Analysis. Thanks!
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