Medibloc (MED)

Patient Data Ownership and Control

Medibloc creates a patient-centered health data ecosystem where patients own and control their medical records. This means patients decide who can access their health information, such as medical histories and treatment records.

Data Sharing and Rewards

Patients, healthcare providers, researchers, insurance companies, and pharmaceutical firms can share data securely on the Medibloc blockchain. Participants earn rewards in MED tokens for contributing data or services, encouraging active involvement.

Healthcare Service Payments

MED tokens are used to pay for healthcare services, including storage fees for medical data, insurance payments, and subscriptions to advanced data tools or apps within the Medibloc ecosystem.

Data Security and Reliability

Medibloc uses blockchain technology to ensure data is encrypted, tamper-proof, and reliable. This protects privacy and prevents unauthorized changes, while allowing secure sharing of medical information.

Support for Medical Institutions and Researchers

Medical professionals and institutions can use Medibloc to access unified, real-time patient data, improving treatment accuracy and reducing paperwork. Researchers can obtain medical data with patient consent to advance medical studies.

Ecosystem Expansion and Applications

Medibloc supports various applications like Dr.palette (EHR software) and Medipass (digital insurance claims), helping to connect patients and providers efficiently. The platform also offers APIs and SDKs for developers to build new healthcare services.

Advantages

• Medibloc is a decentralized healthcare information ecosystem that gives patients control over their medical data, improving privacy and security.
• It uses an energy-efficient Delegated Proof-of-Stake (DPoS) consensus model, which helps secure the network with less energy use.
• The platform aims to reduce redundancies in healthcare data, enabling better and faster patient care.
• Participants, including patients and healthcare providers, can earn MED tokens as rewards for contributing data.
• MED tokens can be used for healthcare-related payments and services within the ecosystem.
• The project has experienced founders with backgrounds in healthcare and software development.
• Medibloc is linked to the Cosmos ecosystem, providing access to various blockchain services and wallets.
• The platform supports interoperability and data sharing among medical institutions, researchers, and insurance companies.

Disadvantages

• The project currently focuses mainly on the South Korean market, which may limit its global reach.
• The Medibloc ecosystem is still developing, so there is room for growth and uncertainty about its future.
• MED token prices have shown volatility and price declines in recent periods.
• Some popular wallets like MetaMask do not support Medibloc tokens.
• Trading volume and market cap are relatively modest compared to larger cryptocurrencies.
• Users need to swap older token standards (ERC-20, QRC-20) for new ones periodically, which may be inconvenient.

Founders

Medibloc was co-founded by Dr. Allen Wookyun Kho and Dr. Eunsol Lee. Both are professional doctors with backgrounds in medicine and software engineering.

Background of Founders

Dr. Allen Wookyun Kho has experience in software development, including work on peer-to-peer networking for the Galaxy S. Dr. Eunsol Lee is a certified physician specializing in radiology and biomedical informatics.

Team Composition

The founders are supported by a team of software engineers, developers, and blockchain researchers who help build and maintain the Medibloc platform.

Investors in Medibloc

Medibloc has raised a total of $3.5 million in funding over 3 rounds from 4 main investors. The key investors include IMM Investment, Company K Partners, and Naver D2SF, a strategic investment institution. These investors participated in a Series A round that was significant for Medibloc's growth and development.

Halal Status of Medibloc

• Yes, Medibloc is considered halal because it is a blockchain-based healthcare data platform that does not involve interest (riba), gambling (maysir), or prohibited activities. It focuses on secure medical data management and patient control, aligning with ethical and permissible uses in Islamic finance principles.