MediBond is a blockchain technology company that promises to put healthcare in your hands and enhance the healthcare experience. Find out how it works today in our MediBond review.
What Is MediBond?
MediBond, found online at MediBond.io, is a blockchain technology company that aims to optimize the world of health care. The MediBond ICO and crowdsale are taking place throughout August and September.
Like similar companies, MediBond aims to improve the way healthcare companies manage medical records – including patient data. Key features of MediBond include a verification system, cryptographic medical records management, and artificial intelligence.
The system is catered towards the three major parties in the medical industry: insurers, pharmacies, and healthcare organizations. The MediBond platform will improve and secure communication between these three parties, leading to better transparency and greater efficiency for patients and providers.
MediBond is led by Founder and President Ben Steffens.
How Does MediBond Work?
MediBond consists of three core parts, including:
MediBond uses a “trinary” multi-signature protocol that requires a sign off from three parties involved in the transaction. For the medical field, those three parties include the insurance company, pharmacies, and doctors. As the MediBond website explains, “this will provide data integrity to healthcare transactions and fraud prevention, to keep the process of filling prescriptions transparent.”
Medical Records Management:
MediBond’s blockchain platform will cryptographically secure the storage of medical records while also encrypting the transfer of medical data between pharmacies, hospitals, and insurance companies. All of this security is provided through the blockchain, with multi-signature sign offs required when dispensing any data to third parties.
MediBond is building a neural network that will analyze the medical data of people on the blockchain in order to provide intelligent insights to medical professionals.
The AI might analyze patient data and find that a number of the indicators are associated with melanoma, for example, and then mention this information to the doctor. Just like with other medically-oriented AI technologies, this can help to streamline the diagnosis for doctors and identify potential risk factors early on.
So far, the three core features listed above are all we really know about MediBond. The company’s whitepaper doesn’t go into a great amount of detail about the technical specifications of the platform or additional information (it’s just 4 pages long).
Who’s Behind MediBond?
MediBond is led by Ben Steffens (Founder and President), and James BIllot (Co-Founder and Advisor). The company has also announced partnerships with several players in the insurance industry, and they claim to be in ongoing talks with “pharmacies, hospitals, and healthcare providers, with more strategic partnerships to come.” Some of the partnered insurance companies so far include Business Compare, CompareGroup, ConnectaQuote, and Van LineDirect.
The company released its whitepaper on July 18, with the token sale and ICO taking place throughout August and September. By September 10, 2017, MediBond hopes to launch its network, at which point they will be listed on several trading exchanges. Throughout October, MediBond hopes to develop its verification system while taking input from medical industry professionals. In December, they’ll develop their medical records management system. And in March 2018, they’ll develop the AI neural network (they claim that most of the logic has already been completed).
MediBond aims to change the way the medical industry works by providing more transparent, secure information exchanges between three major players in the healthcare world: insurance companies, healthcare organizations, and pharmacies. The blockchain-based platform will facilitate the storage and exchange of data using features like multi-signature sign-offs, which will be required for all major transactions – say, when a doctor sends a prescription to a pharmacist.
At this point, there’s limited information about MediBond available online. The company’s whitepaper is 4 pages long. The website just features basic information about the three core MediBond features (data management, the AI neural network, and the verification system). Aside from that, there’s limited information about MediBond available online.
Nevertheless, you can learn more about the blockchain-based healthcare technology company today by visiting MediBond.io.