MedXchange is a blockchain-based system that will disintermediate the medical device and supplies ecosystem and make it more efficient. Our platform facilitates and secures the global exchange of medical devices, supplies and payments, lowering ultimate patient/customer or insurance cost and increasing efficiency.
While the system is initially focused on the medical device industry, it will be sufficiently flexible and scalable to add other categories of regulated health care ecosystems, such as pharmaceuticals, laboratory equipment, and services. Initially, the MedXchange platform is backed by proprietary, innovative use cases and real world businesses, in addition to our own proprietary cryptomining operations.
MedXchange represents a remarkable, global opportunity to transform the global medical device and supplies ecosystem. Using blockchain technology the MedXchange system is a global first and will provide a thriving medical device ecosystem that will drive down the cost of medical devices and supplies globally and thereby making medical care more affordable, a mission-critical goal for society.
At the same time, MedXchange promises to increase margins for beleaguered medical device companies. Transactions on the system will be done with MedCash, an Etherium based (ERC-20) token used by users on the MedXchange platform as the exclusive cryptocurrency to conduct transactions, both in-country and globally.
MedXchange will accomplish its goal of reducing cost and increasing efficiency by or through:
Disintermediation, both in-country and globally (by removing - frequently redundant or non-value-additive - layers in the medical device supply chain)
Reducing "tolling" in the supply chain
Increasing efficiency
Increasing transparency
Increasing speed to market for manufacturers and suppliers
Allowing equipment rental models efficiently
Allowing for a more frictionless global supply chain
MedCash(MEDCASH) Token
There are several benefits to establishing a new token. Due to the strict regulations around privacy and security in the global medical device industry, certain processes and data sharing capabilities will need to be run on a dedicated Blockchain system. As such, there would be several interoperability issues if another currency is used.
Other currencies, such as Zcash or Etherium, would not be able to function appropriately with a HIPAA-compliant system and medical devices to achieve its maximum value due to its openness and lack of governance.
With a focus on security at the core, the MedCash (MEDCASH) token will also be able to:
Provide a transaction currency that allows Buy-side Users and Sell-side Users the ability to buy and sell medical devices in real time;
Reward miners/validators and data storage devices that run our ecosystem; and
Provide an extra incentive for early adopters of the platform.
As previously stated, all users will need the token to be able to purchase products in the system, to transfer permissioned keys giving access to off-chain data, and to access smart contracts and data storage space. This will all involve the purchasing of the MedCash (MEDCASH).
The MedCash (MEDCASH) token will be used by the users involved in the transaction and used to pay node fees for running the network The only way to earn the MedCash (MEDCASH) tokens, without buying or trading for them, would be to operate a node on the network and receive payments from running the network.
As mentioned previously a percentage of the MedCash (MEDCASH) tokens will be set aside to help accelerate adoption by already existing entities. To entice medical device manufacturers to adopt our platform, we are using a similar system that Paypal and GUP successfully used, which will include a referral program.
MedXchange team
Official Website :
https://www.medxchange.io/
White Paper :
https://docs.wixstatic.com/ugd/a6d7cc_ccd72646ac6e4217be3b19d0c04d9025.pdf
Join Us on Telegram :
https://t.me/medcash
Social Media Links :
Facebook : https://www.facebook.com/med.xchange.73
Twitter : https://twitter.com/medxchange1
Bitcointalk Thread :
https://bitcointalk.org/index.php?topic=3133117.0