MediBloc: The Blockchain Platform for Healthcare Data

MediBloc: The Blockchain Platform for Healthcare Data

MediBloc (MED) is a blockchain platform that aims to improve the healthcare industry by enabling secure and efficient data exchange, storage, and management. It allows patients, doctors, and medical institutions to access and control their own medical records, as well as to share and monetize them with other parties. In this post, we will explore the features, trends, updates, analysis, and outlook of MediBloc and its native token MED.

Coin Introduction and Features

MediBloc was founded in 2017 by Dr. Allen Wookyun Kho and Dr. Eunsol Lee, who are both healthcare professionals and software engineers. The white paper for MediBloc was published in July 2019, and the token sale was launched and completed in August 2019, raising over $5 million in ETH. The mainnet of MediBloc launched in September 2019, after a successful beta phase.

MediBloc’s core technology is a peer-to-peer network that connects users worldwide, allowing them to store, manage, and share their medical data on the blockchain. MediBloc uses a hybrid consensus mechanism, combining proof-of-work (PoW) and proof-of-stake (PoS), to ensure security and scalability. MediBloc also uses a dual token system, consisting of MED and MEDX, to facilitate transactions and incentives on the network.

MediBloc’s native token is MED, an ERC-20 utility token that powers the MediBloc network. MED is used to pay for the fees and services on the network, such as registering a medical record, verifying a data request, or participating in a data market. MED is also used for staking to run a MediBloc node, which is a node that participates in the network and earns rewards. MED holders can also participate in the governance of the network through the MediBloc DAO, which controls network parameters and upgrades.

Market Analysis and Trends

MED is currently trading at $0.01147 USD with a 24-hour trading volume of $3,465,684.12 USD1. It has a circulating supply of 4,097,149,243 MED and a total supply of 10,000,000,000 MED1. It ranks #5334 on CoinMarketCap with a market capitalization of unavailable1.

MED has experienced significant price fluctuations in the past year, reaching a high of $0.01521 USD on April 6, 2021 and a low of $0.00139 USD on March 13, 20201. The price movements of MED are influenced by various factors, such as:

• The demand and supply of healthcare data and the adoption of MediBloc’s platform and services.
• The development and innovation of MediBloc’s technology and products, especially the integration with other platforms and protocols, such as ICON, EOS, and Ontology.
• The competition and collaboration with other projects and platforms in the healthcare and blockchain space, such as Medicalchain, Solve.Care, and Aeternity.
• The regulatory and legal environment and the compliance of healthcare and blockchain services with different jurisdictions and standards.
• The sentiment and behavior of the crypto community and the general public towards healthcare and blockchain and MediBloc.

Project Updates

MediBloc is constantly working on improving its platform and products, as well as engaging with its community and partners. Some of the recent updates and announcements from MediBloc are:

• MediBloc x ICON: MediBloc announced the partnership with ICON, a leading blockchain platform in South Korea, on March 31, 2021. The partnership aims to enhance the interoperability and scalability of MediBloc’s platform and services, as well as to expand the use cases and adoption of healthcare data on the blockchain. MediBloc and ICON will collaborate on various projects, such as MediPass, a digital health passport, and Panacea, a public blockchain for healthcare.
• MediBloc x EOS: MediBloc announced the integration with EOS, a high-performance blockchain platform, on February 25, 2021. The integration enables MediBloc to leverage the speed and scalability of EOS, as well as to access the EOS user base and ecosystem. MediBloc and EOS will work together on developing and promoting blockchain-based healthcare solutions and applications.
• MediBloc x Ontology: MediBloc announced the cooperation with Ontology, a decentralized identity and data platform, on January 28, 2021. The cooperation aims to improve the security and privacy of MediBloc’s platform and services, as well as to create a more user-friendly and convenient experience for users. MediBloc and Ontology will integrate their technologies and products, such as Ontology’s decentralized identity framework and MediBloc’s personal health record system.

Analysis and Recommendations for Investments

MediBloc is a promising project that aims to provide a blockchain platform for healthcare data. It offers a unique and innovative solution for storing, managing, and sharing medical data securely and efficiently, using peer-to-peer technology. MediBloc enables users to protect their privacy and sovereignty over their own data, while leveraging the benefits of blockchain technology, such as transparency, immutability, and interoperability.

MED is a valuable token that enables users to access and benefit from MediBloc’s platform and services. It also represents a stake and a voice in the governance of the network, as well as the potential integration with other platforms and protocols. MED holders can look forward to the development and innovation of MediBloc’s technology and products, as well as the growth and support of the MediBloc ecosystem.

Therefore, we recommend MED as a good investment for long-term holders who believe in the vision and potential of MediBloc and healthcare and blockchain services. However, we also advise investors to do their own research and due diligence, as well as to be aware of the risks and uncertainties involved in the crypto market.

Outlook and Community Response

MediBloc has a positive outlook for the future, as it continues to develop and innovate its platform and products, as well as to expand and engage its community and partners. MediBloc has a clear roadmap and vision for 2021 and beyond, which includes:

• MediBloc Mainnet Upgrade: MediBloc plans to upgrade its mainnet to version 2.0 in Q2 2021, which will introduce new features and enhancements, such as support for smart contracts, cross-chain communication, and data market. The mainnet upgrade will also enable the migration of MEDX tokens from ERC-20 to native tokens on the MediBloc network.
• MediBloc Platform Expansion: MediBloc plans to launch its platform in more markets and regions, such as China, Japan, and Southeast Asia, as well as to offer more platform services, such as data verification, data analysis, and data donation. MediBloc will also collaborate with more partners and institutions in the healthcare and blockchain industry, such as hospitals, clinics, insurance companies, and research organizations.
• MediBloc Ecosystem Growth: MediBloc plans to grow and support its ecosystem of users, developers, and partners, who will use and contribute to MediBloc’s platform and services. MediBloc will also foster the development and innovation of blockchain-based healthcare applications and solutions, such as MediPass, Panacea, and MediBloc DApp Store.

MediBloc has a positive community response, as it has a loyal and active fan base, as well as a strong and reputable team and advisors. MediBloc has over 50,000 followers on Twitter, over 10,000 members on Telegram, and over 5,000 subscribers on Reddit2. MediBloc also receives positive feedback and recognition from various media outlets, industry experts, and influencers, such as CoinMarketCap, CoinGecko, and Coinbase.