Bounty Hunter: MedChain

MedChain - Decentralized blockchain cryptocurrency and ico.

MedChain is a pioneer of community-based solutions for the growing field of Electronic Medical Records (EMR) and Protected Electronic Health Information (ePHI). Today many companies in the health sector do not include the US market for several reasons, mostly to avoid SEC surveillance, but also because HIPAA compliance can be difficult to understand and obey those who do not know. MedChain's founders have extensive experience in the health sector, especially IT health, and as entrepreneurs.

by using blockchain technology to build better, safer and transparent frameworks for Electronic Medical Records (EMR) that greatly improve the quality of caring for patients while reducing the costs of healthcare providers. This allows companies and individuals to build software and applications within the framework of facilitating safe and transparent global compliant storage.

Medchain Goals

MedChain's goal is to secure patient data, improve patient outcomes, reduce costs and put control back in the patient's hands - both literally and figuratively. MedChain's solution benefits providers from the smallest private practices, for all laboratories supplying test results or durable equipment, with the largest hospital system in the nation by increasing interoperability between each EMR system involved. Cost savings will be realized throughout the industry by integrating data flow and user experience, reducing IT Overheads, and ensuring correct and accurate data for each patient.

The way the Medchain works
The MedChain Network will be launched in several phases. The first phase will establish a "common data layer" that all existing and future software providers can plug into, and that all future phases will build upon. The common data layer is called the Safe Medical Record Chain (SMRC). the next phase will release complementary blockchain networks that build features and capabilities above the SMRC. Two distributed applications (dApps) will also be distributed during Phase I. They are DAPP patients and DAPP Service Providers. DAPP patients will be available free for patients throughout the nation and the world. With this DAPP, Patients can view their medical files, see who has used them, and provide special services to their providers of access to several or all files. In the future phase,

The DAPP Service Provider will be the user interface for service providers to add files to EMR patients, as well as the application programming interface (API) for existing software providers to interface directly with the SMRC to assist EMR Data of their store customers. This DAPP will provide provider access to all medical results that have been produced for patients (no matter who ordered the Procedure) and track their orders specifically. In Phase II, DAPP Provider Services will also have access to a wealth of data that can be inferred from other types of patients across the nation / world using data analysis, machine learning, AI, and automation diagnosis.

After one of the dApps receives a new file to add patient records, the node on the secure blockchain will handle all encryption, data transfer, utility tokens, storage, invoice storage, price, compliance, re-assembly and shipping. As regulations change and get updated, the MedChain blockchain will also evolve to ensure data is always stored and transferred in the right way and in accordance with legal requirements.

Every subsequent phase of the MedChain deployment will add features and capabilities. In Phase II, the Safe Medical Discovery Chain (SMDC) will only receive anonymous ESDM and run an analysis of millions of records. This is currently not possible because patient data is locked in several proprietary systems. The MedChain common data layer realizes the true potential of machine learning and telemedicine that is hindered by today's limited data sets.

MedChain Token
MedCoin SEC-submitted security tokens that track the financial health and welfare of the MedChain Network. MedCoin is an Ethereum-based network of ERC-20 (or similar) marks with an initial distribution supply of 100,000,000 and a total mintable supply of 1,000,000,000. That fixed supply and the asymptotic minting rate of the pool remain a sign of the driving force behind MedChain infrastructure and important factors for MedCoin's long-term economy. See the Initial Coin Offer (ICO) specifications on our website for more details. MedChain is currently investigating the feasibility of offering MedCoin tokens as a reward system for HIPAA, GDPR and global compliant storage space providers rather than using fiat currencies as described in the section above.MedCoin Token will have an initial supply proposal of 100,000,000 (100 Million) Tokens with a total supply can be issued from 1,000,000,000 (1 Billion) through the POST / PoA / PoR consensus algorithm.

During the initial distribution, disbursement to investors is expected to reach 60%. The total amount of supply can be issued eventually will represent 90% + community ownership of the MedCoin Token.

Provider benefits
Utilizing blockchains and MedChain software,
Health care providers can have instant access to medical care
new patient records, and potentially save a few
billion dollars every year in fines related to data violations.

In addition to significant savings, patient information can also
be kept safe with a very low risk of identifiable data

Patient benefits
Utilizing MedChain smartphones and web applications,
patients will be able to eliminate and / or avoid excessive testing
due to lack of record sharing between providers.

Health records can also be available immediately
in an emergency, including when individuals are
unresponsive but have their smartphone.

ROADMAP
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