The revolution of cryptocurrencies and blockchain technology has brought a lot of new ideas regarding potential ways of advancing current systems in countless industries. In some industries, that would mean an entirely new way of doing things. In others, things would remain pretty much the same, only with more security, efficiency, and speed.
However, it is possible that no other industry would benefit from blockchain technology as much as the medical industry. The fact is that this particular area uses technology that is way beyond outdated at this point. The security, which is of utmost importance for the preservation of privacy and patient confidentiality, is barely non-existent. Additionally, there are no ways of sharing such data between institutions in a safe way.
With blockchain, all of these, as well as many other issues, would easily be resolved, and that is something that the project known as MedicoHealth is trying to do.
MedicoHealth is a blockchain-based project that aims to improve the healthcare industry, which currently operates on an extremely fragmented system. Any average patient has extremely limited options when it comes to efficient, reliable consultation regarding their conditions.
This is a major issue, and many view it as one of the worst problems in the industry, particularly since the internet has been around for decades now. But, sharing this information between institutions has proven to be a difficult task, at least when it comes to sharing it in a safe way. Further, patients need to know that their physician or specialist of choice is reliable, efficient, and capable of helping.
With MedicoHealth platform, patients would have a completely anonymous and safe communication with some of the world's best physicians. They would be able to check the physician's credentials, license, and all other information that would be stored in an immutable decentralized database. The same would be true for the patients' data, which would only be accessible to the physician of the patient's choosing, and only for a limited amount of time.
The service would be available to anyone, anywhere in the world, and they would be able to pay for it via the platform's tokens, which would run the system, compensate service providers, and more.
MedicoHealth has yet to announce its ICO, but it is known that the project's preICO will start in about 55 days. Its token, MHP, is designed to act as a utility which would be used by patients and physicians alike. The project already has available MVP, bounty, and bonus, and it is being developed as an ERC-20 token on Ethereum's platform.
Its preICO, as well as ICO price, will be the same — $0.08 per MHP. Of course, the tokens can be obtained in exchange for ETH, with a minimum investment being quite low — only 0.1 ETH. Even so, the project expects to attract quite a lot of attention, as their soft cap is at $3.5 million, and the hard cap sits at $23.5 million.
MedicoHealth ICO is registered in Switzerland, and it will be available to any one around the world, except for the US, China, and South Korea. Everyone else is welcome to participate if they go through KYC and Whitelist procedures.
|Start||July 31, 2019|
|End||August 30, 2019|
|Soft cap||$3 500 000|
|Hard cap||$23 500 000|
|Minimum investment||0.1 ETH|
|Tokens for sale||325000000|
Although I tend to be skeptical about the startups that try to merge blockchain with medicine, I must admit that MedicoHealth can be considered as an exception from that rule. Rarely have I seen such a well-balanced and competent team, where each member is capable of bringing something useful to the table. The list of their partners is quite extensive, which is a definite plus. All in all, MedicoHealth is probably the first medical/blockchain project that really sparked my interest.
It is evident that blockchain should become an inherent part of telemedicine, which stands at the core of Medicohealth. Therefore, I express my full support of this project because its vision aligns with the general trends in the area of modern medicine. Another reason for my approval of MedicoHealth lies in the fact that they had already obtained substantial financial support from angel investors, which adds to the project’s viability. Those who consider investing in MedicoHealth shouldn’t expect quick returns, mainly because telemedicine and the blockchain technology are at the nascent stage of development, which means that such a symbiosis still has to earn the trust of physicians and patients alike.
The project has a wonderful idea and vision, which is much needed in today's healthcare industry. This includes the entire world, and it is only right that most regions will be able to participate. Further, the project has excellent ratings, a plethora of information, a great white paper, a working MVP available, and more.
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