MedChain, Inc., an early stage blockchain technology company focused on protecting electronic health records and the flow of information between patients and physicians, hospitals and health insurance providers, has announced a pre-ICO crowdfunding effort through StartEngine.
StartEngine is a website that allows companies to raise capital by exchanging capital for securities – equity or debt. StartEngine enables companies to raise capital by offering investment opportunities to the general public.
MedChain aims to revolutionize how EMRs are stored, accessed and utilized, benefitting both healthcare providers and patients. Funds from this crowdfunding campaign will be used for marketing and PR initiatives that will raise awareness of MedChain’s product offerings and will fund development of MedChain software, blockchain and smartphone applications.
The company is in a testing stage and developing its blockchain in-house and expects to begin phone and web application development after finalizing its funding round, with the goal of a late 2018 application launch.
Joachim Sandgaard, Founder and CEO, explained: “I am excited to kick off our pre-ICO crowdfunding effort. We plan to use the funds to further develop our blockchain technology as well as the marketing efforts required for our full-blown ICO (Initial Cryptocurrency Offering).”