- February 2, 2020
- Posted by: admin
- Category: Blog
Medical Veda transforms the Canadian healthcare niche by providing relevant services to each of the end-users in the industry, including doctors, patients, hospitals, clinics, research organizations, and pharmacies. With our solution, all of them are able to collaborate with each other and perform their duties much efficiently.
Veda Health Portal
While blockchain happens to be the core of our entire system, we do understand that it’s sophisticated to handle and none of the healthcare providers in Canada is familiar with this technology. Therefore, Medical Veda offers a portal where all the stakeholders can access their dashboards and take necessary actions (as specified under their role).
One of the major glitches it solves is that the patients can be saved from unnecessary delays and troubles. Once they upload their data through the portal, the concerned doctors, pharmacies, and hospitals can access the information which concerns them. However, it is worth noticing that as an inherent property of the blockchain, the person who uploads the sensitive data (i.e. patient) remains the ultimate owner, whatsoever.
Hence, none of the stakeholders in the healthcare niche has the liberty to claim the data uploaded by someone else, as it is being practiced nowadays in North America due to the absence of blockchain-based use cases.
Well, it is our native token on the ERC20 protocol which allows us to achieve scalability on the Ethereum network. Furthermore, it also diminishes the operational costs and provides a P2P payment method.
One of the reasons why we selected the Ethereum blockchain is because it can handle large amounts of payments efficiently and since we are dealing with the healthcare niche, delays cannot be tolerated.
This is quite a futuristic use case where we imply the concept of a shared economy. Every patient has the authority to upload his personal data on this forum and then sell it to different research organizations, pharmacies, clinics, etc. It gears up their research with respect to your illness and just registering on the platform does not mean that we immediately start sharing your information. It only happens with your consent.
This marketplace does not only allow you to charge these research organizations, but you can also earn MVEDA tokens by powering our shared economy.
Apart from favoring the patients, this marketplace also reduces the hassle for research organizations. With Medial Veda’s solution, they do not have to spend thousands of dollars just trying to filter out the required information as this marketplace can provide them with the relevant patient data in a few seconds with the most cost-effective approach.
Our platform comes with a developer-friendly API as well. It implies that if the developers want to create 3rd party solutions and integrate our platform in order to extend the feasibility for better healthcare, they can do that without any hassle. For instance, by using our blockchain, the authorized data can be fetched from the ledger to perform deep analysis and understand the requirements of patients in order to aid the manufacturers in producing customized medical equipment.
Therefore, it is quite evident that Medical Veda is tapping the Canadian healthcare niche in order to stir the usage of blockchain technology to make the patients ‘real owners’ of their data. Furthermore, this ecosystem also elevates collaboration among a variety of industrial stakeholders and due to the nature of its API, it also facilitates 3rd party solutions, thus allowing the entire industry to grow with time and embrace the blockchain technology to reap its true benefits.