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Summary of MediBloc (MED)
Overview
- MediBloc (MED) is a decentralized blockchain protocol for the healthcare industry.
- It enables secure transfer, collection, storage, and management of medical data.
Key Elements
- MediBloc Core: stores data and provides additional storage.
- MediBloc Application: accesses and manages data through various applications.
- MediBloc Service: applies smart contract technology to connect layers and enable data input/output.
Founders
- Dr. Allen Wookyun Kho and Dr. Eunsol Lee are the co-founders.</li
About MediBloc: Revolutionizing Healthcare with Blockchain Technology
Introducing MediBloc (MED): A Revolutionary Healthcare Ecosystem
MediBloc (MED) is a pioneering, South Korea-based decentralized blockchain protocol specifically designed for the healthcare sector, enabling medical institutions to securely transfer, collect, store, and manage sensitive data. Through MediBloc, physicians can seamlessly access comprehensive patient information, encompassing medical history, prescribed medications, insurance details, and more. By fostering greater accessibility, MediBloc empowers all stakeholders to track and record medical conditions, appointments, examinations, treatments, and other vital information, thereby streamlining healthcare management.
The ecosystem is founded upon three pivotal components: MediBloc Core, a data repository and supplementary storage layer; MediBloc Application, a versatile interface layer facilitating data access and management through diverse applications; and MediBloc Service, a smart contract-driven layer that integrates the aforementioned layers, enabling seamless data input and output.
The platform presents three distinct categories of accounts, catering to general users (patients), healthcare providers (doctors and medical institutions), and data scientists, with the latter two requiring accreditation verification. The project’s primary objective is to enhance the quality of medical services and infrastructure by streamlining information storage processes and empowering users with sovereignty over their personal data. Notably, MediBloc is fully compliant with the stringent HIPAA Security Rule, as outlined in the Health Insurance Portability and Accountability Act.
The Visionaries Behind MediBloc (MED): Meet the Founders
MediBloc, inaugurated in 2017, is the brainchild of a collaborative effort between a team of esteemed medical professionals and seasoned entrepreneurs, accompanied by talented developers. At the helm of this South Korean venture are co-founders Dr. Allen Wookyun Kho and Dr. Eunsol Lee, distinguished healthcare experts with a wealth of experience and accomplishments in both medicine and software engineering.
Allen Wookyun Kho boasts an impressive academic pedigree, holding a Bachelor of Science from the esteemed Korea Advanced Institute of Science and Technology, a Master’s degree in Computer Science from Columbia University in New York, US, and a Master of Dentistry from Kyung Hee University’s Department of Dentistry. Notably, Kho’s professional experience includes a stint as a lead software engineer at Samsung Electronics, where he played a pivotal role in the development of the Galaxy S software.
Eunsol Lee boasts an impressive academic background, holding a Bachelor of Medicine from Hanyang University’s College of Medicine and a Master of Medicine from the University of Ulsan’s College of Medicine. With a dual specialization in radiology and biomedical informatics, Lee’s distinguished career is marked by notable achievements, including stints as a developer at NEXON, a radiology specialist at Asan Medical Center, and a public health doctor. Furthermore, Lee has held esteemed positions, such as a former member of the Presidential Committee on the Fourth Industrial Revolution (PCFIR) and a representative of the Special Committee (Digital Healthcare) under the PCFIR.
Unveiling the Uniqueness of MediBloc (MED)
MediBloc’s overarching objectives encompass the creation of a patient-centric health data platform, thereby empowering individuals to take control of their health information and adopt a proactive approach to wellness. The project’s ambitious vision is to revolutionize the healthcare landscape by establishing a unified, real-time patient database. Through its decentralized platform, MediBloc converges patients, healthcare providers, and medical researchers, ultimately entrusting individuals with sovereignty over their personal health data, medical records, treatment histories, and more.
To prevent data loss, backups are implemented, and modifications are restricted to reputable medical institutions and trusted healthcare affiliates. Furthermore, the blockchain system provides an enhanced level of network security, thereby minimizing the risks of fraud and data breaches.
In accordance with the protocol, this approach will effectively eliminate redundant data, thereby facilitating streamlined treatment, efficient medical care, and enhanced diagnostic accuracy. The platform incorporates an objective incentive system, wherein all contributors (data owners) are rewarded with MED tokens.
What Is the Circulating Supply of MediBloc (MED) Coins?
The MediBloc platform’s native utility token is MED, which serves as a mandatory medium of exchange for facilitating storage payments, insurance premiums, and transactions. Additionally, MED is utilized to incentivize users who have made significant contributions to the growth and development of the MediBloc ecosystem.
In terms of tokenomics, the token distribution is allocated as follows: 50% is reserved for ICO participants; 20% is allocated to the team; 12% is dedicated to development; 10% is assigned to investors and advisors; and 8% is earmarked for research purposes.
The MediBloc Network (MED): A Fortress of Security
Launched in December 2017, MED initially debuted as a decentralized application (dApp) within the Ethereum ecosystem, leveraging the Ethereum Virtual Machine (EVM). Following its initial success, MED was re-released on the Qtum blockchain in 2018, before migrating to the Cosmos network via the Cosmos Software Development Kit (SDK). In 2019, the project embarked on a new chapter, announcing plans to establish and launch its own independent mainnet.
The platform is powered by the Delegated Proof-of-Stake (DPoS) consensus algorithm, a sophisticated iteration of the foundational principles of Proof-of-Stake (PoS). Notably, DPoS stands out as one of the most energy-efficient models, ensuring network security through the democratic approval voting process of designated delegates.
Where to Acquire MediBloc (MED): A Comprehensive Guide
MediBloc (MED) is now accessible for acquisition on a diverse range of esteemed cryptocurrency exchanges, including Bithumb, Bittrex, Gate.io, Osmosis, Upbit, Korbit, and several others.
Stay up-to-date with MED’s real-time movements by downloading the CMC mobile app.
Associated Resources:
Delve into the innovative realms of Solve.Care (SOLVE) and DOC.COM (MTC), two pioneering blockchain projects revolutionizing the healthcare sector.
Discover the innovative Cosmos (ATOM) ecosystem.
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