MediChain-Saving Lives With Blockchain

Introduction

MediChain is a medical big-data platform.  It allows patients to store their own data in a secure way and give access to specialists anywhere regardless of the payer network or EMR (Electronic Medical Record) used.MediChain will provide innovation in electronic medical records (EMRs) by providing a free-to-integrate open source API to add MediChain to any EMR without regulatory barriers. MediChain is a solution tuned to the needs of patients, the treatment community, and medical researchers. It adds a novel, decentralized record management system for EMRs that uses blockchain technology to manage authentication, confidentiality, accountability, and data sharing while storing data off-chain in a secure cloud.

Social Benefit

 Population-based de-identified patient data has already produced advances against WHO top ten diseases such as obesity, diabetes, hypertension, and heart.failure. Population data lets researchers tackle the big issues in medicine. By patients opting in and sharing their data,they promote the research breakthroughs that can one day improve their own health and help people who are suffering from similar health issues. Where there are commercial interests involved, such as drug development, the same applies, but pharmaceutical companies pay for the data and patients are paid for their contribution.

Building from Experience

MediChain will give patients a comprehensive, immutable log and easy access to their medical information across providers and treatment sites. Leveraging unique blockchain properties, it manages authentication, confidentiality, accountability and data sharing—crucial considerations when handling sensitive information. A modular design integrates with providers’ existing, local data storage solutions, facilitating interoperability and making their system convenient and adaptable. MediChain thus enables the emergence of data economics, supplying big data to empower researchers while engaging patients and providers in the choice to release metadata. They regard this as a proof of concept through which they analyze and develop their approach.

System Node Description

They design the components of their system nodes to integrate with existing EHR infrastructure.They assume that many nodes, and in particular care providers, already trustfully manage databases with patient data stored on servers with network connectivity.Their design introduces four software components: Backend Library,Ethereum Client, Database Gatekeeper and EHR Manager.They provide a prototype implementation of these components that integrates with a SQLite database and is managed through their web user interface.These can be executed on servers, combining to create a coherent, distributed system.

MediChain  Tokens

MediChain Utility Tokens (MCU) represent the value of arbitrary patient data blocks. MCU Utility tokens can be purchased via the platform during the tokens sale. A rule of thumb is that initially, the data from each consultation or piece of data is arbitrarily given a value in MCUs equal to buyer cost of the consultation in US dollars.Utility Tokens (MCUs) can be used for: Research Program Voting MediChain funds and tokens support the creation of research grants particularly aimed at academic institutions, healthcare networks, universities and scientists to gather high-value big data to MediChain.

For more information about Medichain company access the link whitepaper and Medichian.