MediChain is a Medical Big-Data Platform. Our proposed system allows patients to store their own data off-chain in an appropriate geographic domain, and give access to doctors and specialists anywhere, regardless of the payer network or EMR used.
Patients, doctors, and hospitals could put data into a compliant cloud which becomes part of the MediChain ecosystem2 and the blockchain stores pointers and rules on usage and anonymity, while the data itself is stored off-chain in a compliant cloud.
Patients could access their data at any time and allow other doctors and hospitals to access selected parts of the data transcending individual electronic medical records systems.
MediChain gives patients ownership of their own medical data.
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 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.
Over time this value is adjusted for token availability, different data types, diseases, patient demographics etc., to reflect the buyer’s market. Data is available through one or more marketplaces to buyers.
For now, the Medichain Whitepaper is in English only.
There are multiple projects aiming to fulfill a similar role as we are. We believe that MediChain may become one of the industry leaders in decentralized EHR and patient databases in the coming years. We share a similar vision with the projects listed above, but we will be approaching the problem with finer attention to research, issues with systems currently in place around the world, and blockchain integration.
From an architectural standpoint, we don’t feel blockchain alone is able to scale for the masses. So instead of storing all the medical data in the blockchain like our competitors, we created a hybrid of blockchain and offchain data storage. The blockchain stores pointers to the data. The data itself gets stored in the cloud and is only accessible by the cryptographic keys. This results in faster speeds, while still having the privacy and security of the blockchain.
- The healthcare data systems currently in use are the ones we are trying to disrupt. The most obvious of these are the electronic health record (EHR), or electronic medical record (EMR) companies that dominate the market. They gather and store patient records; we plan to give them rewards for their data (taken from our pharmaceutical company payments and partner tokens program), they become natural allies. Companies like patientory.com have put themselves in direct conflict with those massive companies.
- Medical insurance databases like the FrenchSystème national d’information inter-régime de l’assurance maladie (SNIIR-AM) prove the market for epidemiological, pharmacoepidemiological and health economic research and will actually form a subset of our databases, although our data will be more flexible and designed to be useful to pharmaceutical companies using the knowledge gained over the last 15 years since SNIIR and EGB were set up.
- MediChain would actually provide a free-to-user big data store for National Providers which would create huge value to them which we can leverage.