MedCredits promises to be the fastest way to a diagnosis anytime and anywhere. Find out how the blockchain-based platform works today in our MedCredits review.
What Is MedCredits?
MedCredits is a blockchain powered platform that connects patients and doctors worldwide on a decentralized network.
The network promises to provide a faster diagnosis than conventional medical systems. If you need medical advice quickly (obviously for non-emergency situations), then you can turn to MedCredits for support.
MedCredits, like other blockchain platforms, harnesses the power of a peer to peer network. In this P2P system, doctors can interact directly with patients through a decentralized network with no middleman involved.
The company – which is led by a doctor – has already developed an app called Hippocrates, where users can receive a diagnosis from a real dermatologist. In the future, MedCredits plans to launch apps catered to other areas of medicine as well as DAOs for health insurance and other products.
How Does MedCredits Work?
MedCredits aims to create a frictionless, free market system based on a decentralized blockchain platform. Patients and doctors can interact with each other on that system. The end result is a more efficient and affordable healthcare system than what’s currently available. Doctors can offer their services for a certain price, and patients can choose which doctors they wish to visit.
The entire platform is based on the framework of the OpenBazaar codebase.
MedCredits has a working platform available today. That platform is available through a mobile app. The app connects patients to dermatologists to provide a fast diagnosis at a fraction of the cost. Basically, you take a picture of your skin problem with your smartphone camera, then send that picture to a dermatologist. The app is available for iOS and Android.
MedCredits advertises all of the following features:
Telemedicine On The Blockchain:
MedCredits is the first decentralized healthcare network built from the OpenBazaar protocol. OpenBazaar is a peer to peer marketplace that allows for the trustless exchange of goods between parties, thus eliminating the need for a middleman or central control organization. Basically, it’s a blockchain-based marketplace, and MedCredits has extended the concept to the world of medicine.
MedCredits provides patients with access to a global network of doctors. It’s a borderless network available anytime, anywhere. Whether it’s the middle of the night or you’re halfway across the world, you can find a doctor willing to asses you.
MedCredits has already created an app called Hippocrates that helps patients connect with dermatologists and receive diagnoses with the touch of a few buttons.
Healthcare From Anywhere:
Telemedicine is expected to become a $200 billion market within 10 years. Blockchain-based telemedicine with MedCredits allows patients to access healthcare from the comfort of their homes without wait times.
The blockchain and lack of a middleman will significantly reduce healthcare costs. There’s no need for the traditional overhead costs associated with office visits. Furthermore, MedCredits will create a free and efficient healthcare market that leads to lower prices and better service.
Universal Medical Records:
MedCredits creates an electronic medical record (EMR) system that allows doctors to better co-manage patients on an interconnected network. In the meantime, patients still have control of the private keys to their own health records and medical data.
Who Created MedCredits?
MedCredits was created by Ivy League-trained US doctors including James M Todaro, MD. Dr. Todaro has been actively involved in blockchain technology since 2013, and graduated with honors from Columbia University, College of Physicians and Surgeons. Dr. Todaro is a licensed medical doctor in the United States.
Other key members of the team include Moshe Praver, MD, John Todaro, Ryan Cody, and Paul Horvath.
The MedCredits Token Sale
MedCredits is holding its token sale in September 2017 (a date has not yet been announced). The token sale will last 1 to 2 months and will have a target fundraising goal of $30 million USD in bitcoin, Ether, and WAVES.
A total supply of 100,000,000 MEDX tokens will be available. This will be a fixed total supply. 70% of tokens will be distributed during the token sale. 20% will be reserved for the MedCredits team, and 10% will be held in escrow for marketing purposes and physician incentivization.
The whitepaper outlines various fundraising goals, including targets for $5 to $10 million, $10 to $20 million, and over $20 million.
At the high-end of the fundraising goal, for example, MedCredits plans to launch decentralized DAOs for healthcare insurance policies, malpractice insurance policies, and provider credentialing. In the $5 to $10 million range, MedCredits plans to launch Hippocrates with case validation smart contracts, then release a future app called Galen. Other planned projects in this range include an encrypted video interface, patient and provider aliases, and a provider reputation system.
MedCredits is a blockchain-based technology platform catered towards the world of medicine. The platform plans to change the way doctors and patients interact. So far, the company has already developed an app called Hippocrates where patients can receive a diagnosis from a dermatologist over their smartphone.
In the future, MedCredits plans to introduce DAOs for medical insurance and other products. They’re preparing for their ICO in September, which will see the release of MEDX tokens. The tokens will be used to participate in the MedCredits ecosystem.
To learn more about the MedCredits project, visit the company online today at MedCredits.io.