MediBloc follows an open-source protocol and describes itself as “a decentralized health information ecosystem for patients, healthcare providers, and researchers based on blockchain technology.” In addition, the local currency MediBloc (MED) will facilitate the content sharing of records through a reward system. Detailed information on what is Medibloc coin MED and how does it work, where to buy it, how much is the price, etc. is located in the continuation of the article. You can browse here for information about Bytecoin (BCN).
What is Medibloc coin (MED) and how does it work?
MediBloc follows an open-source protocol and describes itself as “a decentralized health information ecosystem for patients, healthcare providers, and researchers based on blockchain technology.” “The blockchain platform allows to track and record everything that goes on in the healthcare world, such as doctor visits and record updates. By accumulating all of a patient’s medical history information in a single, concise format, reliable, expedited patient care can take place and individuals can be obligated to distribute their own records.
In addition, the local currency MediBloc (MED) will facilitate the content sharing of records through a reward system. Both patients and providers will be reimbursed for their contributions to the ecosystem, and patients will be able to use the tokens to initiate routine medical transactions (for example, medication and insurance payments) with partners with Medibloc.
The platform is a decentralized application (DApp) formulated on the Ethereum Virtual Machine (EVM). The general structure of the platform consists of core, service and application layers. The platform will use the Medi Point system (MP), a points-based system that measures user engagement. To get a higher MP, you can buy it with MED or contribute to the data network. After collecting MPs and waiting three months, you can convert your MP to MED.
How to buy Medibloc coin (MED)? How much is the MED price?
Medibloc coin (MED) can be purchased from listed cryptocurrency exchanges. However, it is necessary to make sure that the exchange to be traded is reliable. As of August 10, 2021, the price of 1 MED is around $0.07.
Note: The information contained in this content is for informational purposes only. It is not investment advice.
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