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EPAZ Blockchain & crypto technology are relatively new

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jedijazz Member Level  Thursday, 10/11/18 02:21:10 PM
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EPAZ Blockchain & crypto technology are relatively new to most industries given even the pioneer ‘Bitcoin’ will only be a decade old in 2019.

However, the tech seems to be penetrating fast into sectors like medicine although some areas like modern dentistry are yet to find a compatible feature.

A week ago, the cryptocurrency & blockchain technologies were leveraged for medical services in London. This marked the first time a patient used crypto coin tech to communicate to a General Practitioner; it was facilitated by MyClinic.com, a tech-oriented medicine service. Medicalchain is blockchain start-up behind the launch of this service; the firm’s goal is to scale patient’s choices in the mode of treatment & interaction with a doctor.

Maria Rodriguez, the patient who tested the crypto services said that the tech indeed improves the medicine ecosystem. One can easily buy medicine-related services via MyClinic.com using the Medicalchain native tokens, MedTokens (MTN). Furthermore, the doctor’s report can be recorded sooner on a digital ledger where the peers with access to the platform can view.

Medicalchain is running the pilot phase of this milestone in London at Groves Medical Centre. As of press date, the UK based market can participate in the pilot by using MyClinic application to make appointments. The innovation guarantees that patients will retain the option of accessing the doctors allocated to them by NHS.

Forbes recently said that the patient records challenge can be solved by the approach taken by the likes of Medicalchain. This firm’s blockchain & token powered network allows patients to access their notes from consultants & records as well. Such innovations have been praised for the potential to improve health care making Medicalchain a potential medicine industry mover. This is not to say that the option of using card payments is not viable as it still globally accepted compared to crypto coins whose fate is yet to come.

Medicalchain CEO, Dr. Abdullah Albeyatti, commented on the company’s progress & goal in MyClinic.com medicine-blockchain initiative;

“Today marks the first step in Medicalchain’s international mission to empower patients to have greater choice over how and where they receive medical advice, as well as how they control the use of their medical information. One of the first steps is introducing blockchain facilitated video consultations with their GP, paid for with cryptocurrency.”

Dr. Abdullah further added that Medicalchain intends to scale its services to a global level once the pilot phase proves to be a success.

Groves Medical Group has largely benefited from Medicalchain’s blockchain service as the clinic pioneered the use of blockchain to offer a video consultancy service to patients. The security of this ecosystem is one of the features Medicalchain boasts about in its project.

Dr. Vince Gripauldo who works for Groves Medical Group as a partner confirmed the viability of Medicalchain’s milestone in medicine services;

“MyClinic.com is a perfect fit for our practice as it allows patients to quickly book appointments on their mobile app, see their doctor from any location and gain access to their appointment reports following each consultation.”

It is noteworthy that blockchain & the medicine service arena have interacted before as developers try to solve challenges. Another clinic that formed a partnership with Medicalchain is known as Mayo, the two plan on leveraging blockchain to manage the recording systems for storing patients’ data.

ALL comments are In My Own OPINION. Please Use Your Own DD for Stock Trading.
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