$20M USD worth of MedTokens were sold during this pre-sale period. Due to the unprecedented demand, the pre-sale was concluded earlier than scheduled. Preangel (lead by Lijie Wang), DFund (lead by Zhao Dong), Synco, Blockchain Labo, Blockchaininvest Hedge Fund, BlockVC Fund (lead by Kevin Hsu) have shown great support of the project, through their participation alongside Medicalchain community participants.
“We are humbled at the response we have received from our dedicated and passionate community. A special thank you to our advisors who have been invaluable in our ongoing success.” — says co-founder and COO of the Medicalchain project, Mo Tayeb.
Medicalchain is focusing on the development of its blockchain technology, powered by Hyperledger Fabric, to create a user-focused electronic health record platform, whilst maintaining a single true version of the user’s data.
MedTokens will be used to purchase healthcare services via the Medicalchain platform. Users will access services by exchanging utility tokens directly with doctors and healthcare providers. The first application (with more to come) using MedTokens is the Telemedicine Consultation Application. With this, patients and doctors can communicate using mobile, tablet or desktop video conferencing from anywhere in the world..
The MedToken will also be used by research institutes and pharmaceutical companies, to reward users that choose to share data. Companies requiring healthcare information will be able to seek out users on Medicalchain that have volunteered to assist in research. Companies will no longer need to approach a hospital or clinic and can go straight to the people whose information will be used. Not only will this increase efficiency, but it is a more transparent process that strikes a relationship which is symbiotic and sustainable.
Medicalchain will expand the transactional capacity of MedTokens by offering a full API release to healthcare service developers. By doing this, it hopes to inspire others to build a more broad offering within the Medicalchain ecosystem. Each application added will generate more data, which in turn will attract research institutes and pharmaceutical companies willing to pay for it. Data generation will continue to increase and data access transactions via MedTokens from research institutes and pharmaceutical companies will increase the overall footprint of the Medicalchain platform.
“We give great thanks to all that have supported us. Our community and our team have worked day and night to achieve what we have done so far. Reaching our targets ahead of schedule has only spurred us on further to make this project a success “, — says Dr Abdullah Albeyatti, CEO of Medicalchain.
To create a world in which the patient is truly at the heart of healthcare requires services to be directly accessible by the user. Access to services across borders can be satisfied with cryptocurrency. The goal is to build a system that enables people to have access to their health records, their doctor and other health services remotely from anywhere in the world.
Medicalchain is able to provide people the technology they need to access and control their health record with zero transaction fees. For the rapid growth of the network of users, Medicalchain will create a mobile application system for patients and doctors to pre-register prior to the system release.