MediBloc‘s healthcare information program is a personal data ecosystem built on blockchain technology.
What is MediBloc (MED)?
MediBloc is a platform that makes it easy for patients and medical experts to access the sensitive patient information at the time of an emergency. It aggregates everything related to a patients medical history into one compressed stream of data that will be stored and transferred securely and privately. It rewards both patients and information providers with its native crypto token named MED. Patients will also be able to use these tokens to pay insurance premiums or pharmaceutical bills etc.
MediBloc (MED): History
MediBloc supports an open-source protocol and describes itself as a “decentralized healthcare information ecosystem created on blockchain technology for patients, researchers, and healthcare providers.” Founded in Seoul, South Korea in 2017 by a team of medical doctors and developers, it’s a secretly held company that currently lists ten team members and ten advisers. Co-Founders Dr. Allen Wookyun Kho (former lead software engineer at Samsung) and Dr. Eunsol Lee bring years of medical and technical expertise to the organization by simultaneously being certified doctors and software engineers.
How does MediBloc (MED) Work?
MediBloc’s is based on Ethereum and is built on top of the Ethereum Virtual Machine. The system is divided into three components namely core, services and app. The core layer handles the security of all the information saved in the system. It uses a private key accessible only by the user to protect the data. The service layer acts as the bridge that facilitates the smooth exchange of data between core and app layers. The app layer allows the user to use native or third party services to access and manage their data.
How To Buy MediBloc (MED)?
Buying MediBloc is a two-step process. First, head up to Coinbase and purchase Bitcoin or Etherium which receives debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Gate.io/ Coinrail/ Bibox.
Medibloc (MED) Price Prediction 2018
MediBloc is making its progress each day, and the investors can expect a significant hike in the coming months. Medibloc is trying to crack the interoperability between blockchains. But now it is not supported by the predictors as it is correlated to other famous coins, it has not given an attractive surge in its price value. As of 03-4-2018, the price of MediBloc stands at $0.0156. There is 2,966,384,100 MediBloc’s out there, and the market cap is $46,403,443. The trading volume is at $46,403,443.