Blockchain Solution for Electronic Medical Record Storage and Control
MedChain is a new platform leveraging blockchain technology and distributed storage to allow Electronic Health Records to be safely stored in a Distributed Storage Network that can only be accessed with unique digital keys held by patients and providers. Featuring military-level encryption, it hopes to make the blockchain transition for healthcare companies easier and more effective by offering an open-source framework that will raise the bar for medical recordkeeping.
Other benefits of the solution include enhanced segregation of Access Control for medical records, fraud reduction, decreased healthcare and insurance provider costs, and better patient outcomes due to more seamless access to medical records.
The MedChain application will let patients control their records remotely, including the ability to designate access to their protected health information on an as-needed basis. MedChain’s service provider software will connect the provider’s HIPAA-compliant software with the MedChain infrastructure.
Pre-ICO crowdsale information is also available through the company’s website.