MCK BOUNTY: MEDCHAIN

MEDCHAIN Controls Your Health Record

Hello everyone, community greetings.

if you are interested in joining the
MedChain project , it's good to read reviews that can help you get information that might help you see their vision and mission, because it's important to understand accuracy in reviews so you don't hesitate in investing.

therefore I invite you to view the
MedChain project and let's look at MedChain's review below

Why MedChain?
Today many companies in the health sector are not included in the US market for a number of reasons,mostly to avoid SEC oversight, but also because HIPAA compliance can be difficult to understand and obey for those who do not know.

Our founders have extensive experience in the health sector, especially IT health, and as entrepreneurs.

You can see their Linkedin pages for more of their history, but briefly;
Our founder is also the founder and CEO of Zynex Medical (Ticker: ZYXI), a publicly traded medical device company.

Allocation of Tokens
The Medchain MedCoin Token will have an initial supply of 100,000,000 (100 Million) Tokens with total supply can be issued out of 1 billion (1 Billion) through the POST / PoA / PoR consensus algorithm.

During the initial distribution, disbursement to investors is expected to reach 60%. The total amount of supply that can be issued will eventually represent 90% + community ownership of MedCoin Tokens.

MedCoin security token
The MedCoin SEC-submitted security token that tracks the financial health and well-being of the MedChain Network. MedCoin is an Ethereum-network based ERC-20 (or similar) sign with an initial 100,000,000 supply distribution and a total supply of mintable of 1,000,000,000. That supply remains and asymptotic minting levels from the pool mark left in the driving force behind MedChain's infrastructure and important factors for MedCoin's long-term economy.

See the Initial Coin Offer (ICO) specifications on our website for more details. MedChain is currently investigating the feasibility of offering MedCoin tokens as a gift system for HIPAA, GDPR and providers of global compliant storage space rather than using fiat currencies as described in the section above.

The Token Utility
All storage and retrieval requests, and other internal uses in the system, will use utility tokens, never MedCoins. At present, there is one utility token called the Record Token for SMRC.

Record Token
The MedChain sign utility for SMRC is Record Token. The Record Token is tied to real fiat value to eliminate the need for service providers to worry about conversion rates or volatility of traded cryptocurrency or signs. The initial value for Tokens is scheduled to be US $ 0.001 through MedChain. Record Tokens allow Service Providers to store 1MB

Data for one month. This level will change as a Market Storage change through changes in storage prices and infrastructure costs. The Storage Market design, however, has been carefully architected so that it reflects the actual storage costs (aka real-costs) available from storage Nodes

Medchain's mission MedChain's
mission is to use blockchain technology to build a better, safer and transparent framework for Electronic Medical Records (EMR) that greatly improves the quality of caring for patients while reducing the costs of healthcare providers. This allows companies and individuals to build software and applications within the framework of facilitating global compliant secure and transparent storage.

Medchain's Purpose MedChain's
goal is to secure patient data, improve patient outcomes, reduce costs and put control back into the patient's hands - both literally and figuratively. MedChain's solutions benefit providers from the smallest private practices, for all laboratories supplying test results or durable equipment, with the largest hospital system in the nation by increasing interoperability between each of the EMR systems involved. Cost savings will be realized throughout the industry by uniting data flow and user experience, reducing IT Overhead, and ensuring correct and accurate data for each patient.

How it works
The MedChain Network will be launched in several phases. The first phase will establish the "General data layer" that all existing and future software providers can plug into, and that all future phases will build upon. The general data layer is called the Safe Chain Medical Record (SMRC). the next phase will be to release a complementary blockchain network that builds features and capabilities above the SMRC.

Two distributed applications (dApps) will also be distributed during Phase I. They are DAPP and DAPP Service Provider patients. DAPP patients will be available free to patients in all nations and the world. With this DAPP, Patients can view their medical files, see who has used them, and provide their specific service provider access to some or all of the files. In the future phase,

The DAPP Service Provider will be the user interface for service providers to add files to ESDM patients, as well as application programming interfaces (APIs) for existing software providers to interface directly with SMRC to help store their customers' ESDM Data. This DAPP will provide provider access to all medical results that have been produced for patients (no matter who ordered the procedure) and track their orders specifically determined. In Phase II, the DAPP Provider Service will also have access to a wealth of data that can be inferred from other types of patients across the nation / world using data analysis, machine learning, AI, and automation diagnosis.

After one of dApps receives a new file to add patient records, the nodes on the secure blockchain will handle all encryption, data transfer, utility tokens, storage, invoicing, price, compliance, re-assembly and shipping. As regulations change and get updated, the MedChain blockchain will also develop to ensure data is always stored and transferred in the right way and in accordance with legal provisions.

Each subsequent phase of the deployment of MedChain will add features and capabilities. In Phase II, the Medical Discovery Safe Chain (SMDC) will only accept anonymous ESDM and run analysis of millions of records. This is currently not possible because patient data is locked on several proprietary systems. The MedChain data layer generally realizes the true potential of machine learning and telemedicine that are hindered by today's limited data sets.

The Medchain system component consists of:

Tokens

The MedChain solution works by using multiple layers of data on the MedChain blockchain protocol. This system uses two different types of tokens. An external token, MedCoin, will function as a traded 'Security Token'. The Tokens Record internal token has the function of adding hashes to the blockchain, which functions as a distributed patient record map. Each note can include plain text, database of objects, scanned documents, images, etc. related to a particular patient. To disincentivize potential hackers and thieves, the Record Token will be associated with a unique identifier and cannot be traded for any other person or account. This will also help ensure that Information is added to the correct account and avoids the risk of incorrect transactions.

For purposes of adoptability,
Internal tokens and functions thereof will be available for purchase, through MedChain directly or through automated processes within the software provider. Internal tokens that will be associated with real fiat values, currently projected at $ 0.001US, to eliminate the need to worry about conversion rates or volatility of tradable cryptocurrency or signs. This creates an external token to obtain or lose value on its own merit while it will be tradable to record internal Tokens at the conversion rate when USD. Market storage will be coded to maintain a realistic market-value of storage costs so that the service provider is not priced from storing data in MedChain rather than locally. Reading stored data prices is only one Record Token fee (ie $ 0.

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