Medicalchain – MedTokens Electronic Health Records Blockchain?
Medicalchain is a blockchain for electronic health records. Find out everything you need to know about the technology today in our review.
What Is Medicalchain?
Medicalchain, found online at Medicalchain.com, is one of several companies seeking to introduce blockchain technology to the electronic health records (EHR) industry.
The blockchain securely stores health records and maintains a single version of the truth. Different medical organizations and individuals – like doctors, hospitals, labs, and insurers – can request permission to access a patient’s record from the blockchain. Patients have more control over who sees their data, while healthcare providers can provide better patient care based on more accurate data.
The blockchain is currently in development. Medicalchain is working with Coinsilium, NHS, Wings, and Hyperledger to bring the platform to life.
Medicalchain offers all of the following features:
Privacy And Access Control:
Medicalchain gives users full access and control of their data and how their data is shared. Users have the functionality of providing different access levels to different users. They can setup access permissions and give certain providers permission to write data to their blockchain.
Doctor To Patient Communication:
The doctor to patient platform allows users to directly connect with healthcare professionals. Patients can share their records, get second opinions, and communicate online with medical professionals through a secure channel. Users talk with real doctors from anywhere in the world. Meanwhile, doctors receive payment for the time spent communicating with patients.
Licensing Health Records:
Users have full control over their patient data on the blockchain. Patients can choose to license their electronic health records to different parties – say, pharmaceutical companies – for research. Users can also set limits on how long companies have access to this data, and which specific information they’ll be able to access.
App Development Platform:
Medicalchain will allow third party developers to build decentralized apps on the Medicalchain platform. Possible health apps could include medication assessments, wearable data interactivity, fat measurement apps, diet and nutritional advice, and more. These apps could be catered to specific user information.
The Medicalchain ecosystem revolves around MedTokens. Patients will grant access to their health record to apps where they can be used in exchange for MedTokens.
Benefits Of Medicalchain
Medicalchain aims to offer the following core benefits to patients and healthcare providers:
- Data can only be accessed by the patient’s private key; even if the database is hacked, the patient’s data will be unreadable (it’s all encrypted)
- Patients have full control over accessing their healthcare data; patients will contrl who sees their data and what they see
- Instantaneous transfer of medical data, where every member of the distributed network of the health care blockchain would have the same data for the patient; there’s a reduced risk of errors, and better patient care
How Does Medicalchain Work?
Here’s the basic process used in a Medicalchain transaction and data entry:
Step 1) Data is generated. The patient’s wearable device could generate data. A doctor could write a note to the blockchain, or a pharmacist could dispense medicine.
Step 2) The data is encrypted and given an identity that is stored on the patient’s blockchain; this data is sent to cloud storage.
Step 3) Data is requested. The ID on the blockchain is used to retrieve the encrypted data.
Step 4) The data is decrypted, then displayed on the relevant device or application.
Who’s Behind Medicalchain?
Medicalchain is led by Dr. Abdullah Albeyatti, Mo Tayeb, Jay Povey, and Robert Miller Jr.
Development of Medicalchain started in early 2016 when founder Dr. Albeyatti identified an issue with writing clinical notes on patients being discharged out of the hospital and having their care transferred back to their family doctor. These notes – called “Discharge Summaries” – contained a substantial amount of important information. This information was typically written in freeform text by doctors. Notes are subject to errors. Doctors might forget certain information, or certain information may be illegible.
To address this issue, the team created a platform called Discharge Summary. Discharge Summary is already in use at hospitals within the UK. Medicalchain is designed to be a more fleshed out, blockchain-based version of Discharge Summary.
The Medicalchain Token Sale
Medicalchain tokens, or MedTokens, can be used to pay for hosting and storage of the record on the private blockchain. Doctors and other healthcare professionals will also receive tokens as a reward for remotely reviewing medical information and providing medical advice. Finally, pharmaceutical companies can reward patients in exchange for accessing certain health information.
The Medicalchain pre-sale began on September 15, 2017. The ICO crowdsale begins on February 1.
There are a number of companies seeking to introduce blockchain technology to electronic health records (EHR). However, Medicalchain seems to be particularly far along in its development. The company has already released a platform at hospitals across the UK. Medicalchain seeks to expand on that platform. The end result is better patient data storage, better medical care, and a more efficient EHR system.
To learn more about Medicalchain, or to participate in the crowdsale, visit online today at Medicalchain.com.
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