Redefining patient

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Pioneers of Leveraging DeFi & Blockchain in The Healthcare Industry

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Tokenizing healthcare by leveraging the power of Defi and blockchain. Empowering patients by enabling them to access, have ownership of and monetize their clinical records, while also offering a Defi protocol for covering medical-based financial obligations.

MedicalVeda seeks to address the modern-day challenges faced by the health care industry. It leverages innovative technologies such as Blockchain, Defi, Artificial Intelligence and Smart Contracts. Medical Veda decentralizes the access to and ownership of medical records while presenting patients with a scalable, eminently compatible, secure and interoperable platform. In addition, it allows patients and medical practitioners to get seamless lending solution for their medical-related financial needs.

Our Vision

We strive to create an ecosystem where patients are the true owners of their clinical record and can access this information at anytime, anywhere. We envision to contribute to the world’s health and medical industry by creating an ecosystem that would make the patient’s health data record process distributed through a decentralized blockchain so that anyone can get access to their medical record without having to go through the bureaucratic hassles.

Our Mission

Medical Veda aims to be the world’s leading open-source health ecosystem for enabling decentralized ownership of patient data while enabling all industry players to get permissioned access to this data in a seamless, secure and instant manner.

We strive to enable patients to have access to capital required for treatment anytime, anywhere.

Key Products

Veda Health Portal
A blockchain based health portal enabling decentralized database that can be accessed by individuals, clinics, pharma companies. Users are the true and only owners of their data and they can even incentivize their self by exchanging this data.
Mveda Token
An ERC-20 compliant token that is deployed the Ethereum blockchain network. It allows peer to peer mode of payment, store and exchange of value and is specifically designed for large volumes of transactions within the Medical Veda Ecosystem, offering quick, secure and efficient transfer of value with confirmation speeds up to 10 times faster than Bitcoin.
Data Marketplace
A dedicated marketplace that enables patients to exchange their data with other pharma companies, clinical research institutes or marketing companies and in doing so get rewarded with the Veda token. With Mveda platform, researches get direct access to patients which not only save them the time and efforts but also help them get their desired data in a cost-effective manner.
MedFin Veda

A modern-age Defi protocol enabling decentralized p2p lending for the health care industry. Medfin Veda Defi allows anyone (be a patient needing funds for a medical procedure or a medical practitioner who requires capital for his business expansion)  providing them with immediate access to funds.

Problems In the Industry

Health records and data

Problem

  • Restrictive database that are accessible to respective hospital only
  • Medical data is fragmented in different systems
  • Users can’t access and control their data

Our Solution

  • A distributed system accessible for all authorised health care institutes
  • Medical data is distributed and yet accessible through a single window
  • Users can access and control their data

Security Issues

Problem

  • Centralized database are prone to hacks
  • No mechanism for checking authenticity of counterfeit products
  • Prescription frauds

Our Solution

  • Decentralized blockchain based database
  • Blockchain based traceability and provenance
  • All data e.g. drugs prescription is immutable on blockchain ensuring free from fraud medication

Health Issues

Problem

  • Patients can’t access second-opinion because of restrictive information exchange
  • Counterfeit drugs can result in significant harmful effects on patient’s health

Our Solution

  • Access enabled not only for health care systems but also for the
    patient
  • Medical Veda provides a dedicated explorer to check for authenticity of a product

Medical and Health Care Service Issues

Problem

  • Lack of transparency in patient admission
  • Outdated system for payments
  • Deal breaching
  • Time consuming initial diagnosis

Our Solution

  • Transparent admission information
  • P2P, secured, instant payments
  • Deal secured by Smart Contracts
  • Seamless Initial diagnostic enabled by bots and online consultation

Financial Issues

Problem

  • The traditional lending process is slow and is not in line for emergencies
  • Lack of access to capital required for expensive medical procedures
  • Third parties and intermediaries, e.g. banks, charge a hefty commission fee, resulting in higher interest rates

Our Solution

  • Veda Defi Lending is almost instantaneous. The movement a lender accepts your lending request, a smart contract is created to lockup the collateral and issue funds.
  • By offering P2P lending, Veda Defi Lending ensures liquidity and easy conversion to fiat currencies.
  • Disintermediation within the Veda Platform eliminates third party costs and consequently help in lower interest rates.

Road Map

At MedicalVeda, the leadership team has devised a concrete plan whereby they have listed the milestones that are already achieved and goals that are to be completed in the coming months and years. While at one end this roadmap helps the founding body to have clear deadline and deliverables, it also gives the community an overall blueprint of the development plans and milestones.

Token Sale

Token Allocation

This chart explains how the proceeds raised from the token sale activity will be utilized

  • 60% - Public Sale - IEO

  • 12.5% - Team and founder, adviser & partners

  • 25% - Reserve fund

  • 10% - Marketing fund

  • 2.5% - Bounty end events

Funds Distribution

The graph on below illustrates the token allocation

  • 40% - Platform Development

  • 20% - Recruitment And Compensation

  • 30% - Marketing and Media

  • 10% - Legal Cost

Our motivated team

Our team combines the best of both world, industry veterans
from banking and financial institutions and experts from blockchain and fintech.

Our Advisory Board