MedChain is revolutionary community engaged to solve the problems of Electronic Medical Records (EMR) and electronic Protected Health Information (ePHI) systems in data security and interoperability. This is done both by decentralizing Electronic Medical Records and putting control in the hands of the patient. Moreover, the MedChain Network (MCN) is an extensible, layered architecture and protocol system governed and secured by multiple blockchains that utilize a multi-crypto-token framework. MedChain team has widespread involvement in healthcare, IT systems, and Blockchain. Their understanding of the encounters in the healthcare system has enabled them to design a solution that provides permanent benefits to patients, providers, and other stakeholders in the healthcare ecosystem. The MedChain solution assists providers from the smallest private practice to all the laboratories, to the largest hospital systems in the nation by improving the interoperability. Furthermore, cost savings will be comprehended throughout the industry by rearranging data flow and user experience, reducing IT overhead, and ensuring very true and accurate data for each patient.
MedChain’s main objective is to secure patient data, improve patient outcomes, reduce patient costs and put control back into the hands of the patient and to open up all the feed storage to form a “common data layer” where all patients’ records are accessible by all the service providers on the network. MedChain’s combination of cutting-edge blockchain protocol technology, military-level encryption, distributed storage, coupled with the open-source framework will set a new standard in HIPAA (Health Insurance Portability and Accountability Act) /GDPR (General Data Protection Regulation)/globally-compliant medical record-keeping. Therefore, healthcare providers will have access to vastly more secure storage and a far more effective data transfer mechanism. Thus, Patients is allowed access to an authorized healthcare provider, ensuring that the right information is in the right hands at the right time. The MedChain system is built on a blockchain which is an ideal method for secure medical record keeping where patient’s information is encrypted and the information is only retrievable when requested from authorized individuals holding the correct private key and data-hash.
MedChain is currently the only ICO (Initial Coin Offering) to suggest an SEC-filed offering with a HIPAA & GDPR-compliant solution for Electronic Medical Records and electronic Protected Health Information systems.
The MedChain solution works by using several data layers on top of MedChain’s blockchain protocol. The system uses two distinct tokens types as an external token and internal token. The external token will function as a tradable ‘Security Token’ and the internal token, Record Tokens, have the function of adding hashes to the blockchain, which serve as a map of the distributed patient record, where the record could include plain text, database objects, scanned documents, pictures. The MedChain Patient app is being developed for iOS and Android smartphones, tablet and desktop use as a web application provides the most up-to-date information, such as medical test results, the documentation all patients are entitled to under HIPAA and EMR guidelines.
The MedChain consist of group of leading team members named Joachim Sandgaard, Founder & CEO, Steve Wishstar, Chief Technical Officer, Eric Lafleche, Chief Marketing Officer, Russ Decker, Blockchain Developer, Ethan Plue, Community Manager, Gene Libov, Information Security Advisor, Matthew Hunter, Data Extraction & Integration Advisor, Hazel Sebastian, Business Development Advisor, Dr. Steven Malen MBA, Healthcare Analytics Advisor, Thomas Sandgaard, Co-Founder & Chairman of the Board, SEC Compliance / Legal Advisor and Auditing.
MedChain invites you to join them in their quest to give all patients the medical care they deserve.
For More Details of MEDCHAIN ICO:
Official Website: http://medchain.us
Post By Anton De Mel
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