What Is MediBloc(MED)? Complete Guide & Review About MediBloc

What Is MediBloc(MED)?

MediBloc (MED) is a cryptocurrency . It has a current supply of 7,697,598,449 with 5,382,401,140 in circulation. The last known price of This is 0.05262668 USD and is down -2.64 over the last 24 hours. It is currently trading on 7 active market(s) with $10,485,649.07 traded over the last 24 hours.

Important Points Table Of MediBloc

How to Buy the Continental & Trade On Exchange?

MED Price Live Data

The live MediBloc price today is $0.020979 USD with a 24-hour trading volume of $995,102 USD. They update MED to USD price in real-time. This is down 1.17% in the last 24 hours. The current CoinMarketCap ranking is #164, with a live market cap of $130,549,091 USD. It has a circulating supply of 6,222,777,786 MED coins and the max. supply is not available.

If you would like to know where to buy MediBloc at the current rate, the top cryptocurrency exchanges for trading in stock are currently Gate.io, Upbit, Bithumb, Bittrex, and Osmosis. You can find others listed on crypto exchanges page

Own your health data. It’s rightfully yours.

MediBloc is creating a patient-centered health data ecosystem that can protect individual privacy and maximize the reliability of health data by developing Panacea’, a high-performance blockchain optimized for health data exchange. In a decentralized, tamper-proof blockchain-based data ecosystem, they can finally have sovereignty over own data and use our health information according to own needs.

Technology

DID and Credential verification

Producers of health data can issue signed credentials using a decentralized identifier (DID) to patients, enabling them to share their data with other data consumers. Additionally, anyone can check the authentication data by referring to the DID document on Panacea.

Reinforcing the health service ecosystem

Patients and all participants in the MediBloc Coin health data ecosystem, including medical professionals, medical institutions, research institutes, insurance companies, and pharmaceutical companies, will have opportunities to earn rewards based on their contributions. Additionally, health service providers can use Panacea and an incentive model based on MED coins to effectively expand their service ecosystems.

Providing security and reliability

Health data is NOT recorded directly on the blockchain because it is sensitive and personal. In addition, the blockchain is a public ledger that anyone can access, so direct recording may cause data leaks. Therefore, the data is stored and managed only at the user’s endpoint. Furthermore, the data is encrypted and transmitted to a separate channel to ensure high data security during the data sharing process. Additionally, the Panacea-based DID is used to guarantee data reliability.

Ecosystem

MediBloc is a patient-centered health data platform developed based on the blockchain Panacea and designed to connect fragmented health data.

Medical professionals or medical institutions record the various health data generated during treatment processes into EHRs and provide them upon patients’ requests. Patients can use PHRs to collect and manage the lifelog data they create or the data provided by medical institutions. They can transfer the data to medical professionals or medical institutions as needed.

This data distribution method is based on an identity verification system that uses Panacea’s DID and data authentication. The MED can be used to incentivize all participants to contribute to the ecosystem. Thus, patients can exert sovereignty over their health data and secure their right to control its use.

Med

MediBloc coin (MED) is a cryptocurrency that can create an economic ecosystem and induce participation in the platform.

Participants who contribute to the MediBloc Coin platform ecosystem receive contribution-dependent incentives in MED. In addition to health consumers (patients), healthcare providers who contribute to the production and distribution of health data are entitled to a fair share of the incentives. In the future, MED could be used as a payment method for various types of healthcare expenses that use blockchain.

Token Swap

Those who hold MEDX (ERC20) and MED (QRC20) tokens before the MediBloc mainnet coin swap should apply for a token swap on. The token swaps are held on June 1st and December 1st (KST) each year

*Wallet addresses start with “0x” for those holding Ethereum-based (ERC20) MEDX, “Q” for those holding Qtum-based (QRC20) MED, and “Panacea” for those holding MediBloc mainnet coin MED.

*If you purchased the mainnet coin MED from an exchange after January 9th, 2020, you are not eligible for the token swap.