Patients Deserve Better: MedicalVeda is Reshaping Healthcare. IEO scheduled for Sep 7th on ExMarkets.
As COVID-19 continues to strain public health systems around the world, it is now the perfect time to consider the inadequacies in our healthcare sectors exposed by the pandemic.
There is a growing awareness that restrictions in the exchange of medical data are a significant issue around the world. Patient records are often scattered between many different healthcare providers, hospitals, and clinics. Traditional medical databases and patient record systems often lack interoperability. Restrictions to the exchange of information often make it difficult for patients to seek a second opinion, for doctors to access the information needed to make accurate diagnoses, and for policy-makers to make well-informed decisions about public health.
Furthermore, many healthcare service providers still use outdated methods and tools for recording patient data. It’s a tragedy that, in some cases, a simple loss of a paper document can lead to a misdiagnosis or delay the treatment. On the other hand, whenever patient records are stored digitally, databases tend to be centralized, meaning they are at risk of a single point of failure and thus more at risk of a data leak.
That’s where MedicalVeda comes into the picture, promising to solve the issues of accessibility, security, and respect for privacy by harnessing the power of Blockchain and AI technologies, Big Data as well as Cryptography. In short, Medical Veda wants to revolutionize the distribution and accessibility of healthcare data by creating a decentralized, highly compatible, and interoperable health ecosystem.
Medical Veda has realized that as privacy and ownership of data becomes ever more critical, consumer expectations are evolving. Patients are no longer satisfied with the status quo — they want to know what happens to their medical records, and regain control of their data. One of their products — the Veda Health Portal — promises to give patients real ownership and unrestricted access to their clinical records, without having to jump through steep bureaucratic hurdles first.
In Sanskrit, “Veda” means “Knowledge,” and Amir H. Neghabian, the founder and CEO of Medical Veda, equates knowledge with power. Medical Veda seeks to redefine the patient journey, empowering them to decide who will access their health data records.
Here at ExMarkets, we’re proud to announce that we will soon host MVeda’s Initial Exchange Offering (IEO) on our IEO LaunchPad. Don’t miss out on an opportunity to participate and be part of the future that awaits the healthcare industry.
“We’re creating a novelty innovative digital health ecosystem that will revolutionize the healthcare industry and give patients full control of their data” — Amir H. Neghabian, Founder & CEO, Medical Veda.
The Medical Veda Initial Exchange Offering will consist of 3 rounds, the first of which will commence on the 1st of September. Early IEO participants will receive additional bonus tokens and future discounts for using Medical Veda Health Portal and other products.
Round I: September 7st — September 15th | Price: $0.16 | Bonus: 30% | 12m tokens for sale;
Round II: September 16th — September 25th| Price: $0.16| Bonus: 15% |17m tokens for sale;
Round III: September 26th — October 8th | Price: $0.16 | Bonus: 0% | Remaining unsold tokens;
A more in-depth look into MedicalVeda and the healthcare industry
Healthcare is already an industry of enormous scale — in 2018, the market for medical services was valued at $8.5trn. Nevertheless, few would doubt that changing demographics — combined with the rising support for government spending on health brought about by the pandemic — will surely mean that the industry will grow even more colossal over time. Deloitte, a consultancy, expects global healthcare spending to rise at a compound annual growth rate of 5% in 2019–23.
MedicalVeda seeks to capture a share of this market and become the world’s leading open-source health ecosystem. The platform enables decentralized patient data ownership and streamlines permissioned access to this data in a seamless, secure, and instant manner.
MedicalVeda uses a Hyperledger blockchain network to ensure that ownership and access rights are reserved with the patients. MedicalVeda platform offers several products, including the Veda Health Portal, as well as a dedicated marketplace, where consenting patients can exchange their clinical records with doctors, insurance service providers, and research institutions.
Transactions within the MedicalVeda will be facilitated by the native, ERC-20 compliant MVeda token that will allow its holders to access products and services within the Veda ecosystem. Patients who agree to share their data with research institutions will also be compensated with MVEDA tokens, which can be redeemed for various health services.
Smart Contracts will enable trust-free execution of orders and payments, and all records will be securely encrypted. Blockchain technologies will also be used to ensure the integrity and authenticity of drugs and protect against prescription fraud.
Token sale fundamentals:
· Token ticker: MVeda
· Listing price: $0.16
· Bonus: (15–30% depending on the round)
· KYC: NO
· Token supply / Available for sale: 88,000,000 MVeda / 52,800,000 MVeda
· Hard cap: $8,000,000
· Accepted currencies: ETH, USDT
· Blockchain: Ethereum (ERC20)
Medical Veda IEO starts on the 7th of September and will run until the 8th of October. Be sure to participate as early as possible to take full advantage of the 30% Bonus offered for Round I and the 15% Bonus offered or Round II.
Just remember to open your account on ExMarkets in advance, so you’re ready when the action starts. For more information about the product, visit the Medical Veda website. And if you have any questions, feel free to message us on ExMarkets Telegram Group!
See you during the sale!
ABOUT THE AUTHOR
ExMarkets is a digital asset exchange platform powered by the state-of-the-art, in-house trading engine. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad.
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