Describe the company – the elevator pitch …
Saving lives with Blockchain. MediChain is a Medical Big-Data Platform that allows patients to control all their medical data with complete privacy and at no cost to themselves, the doctors, or hospitals using the system. Why saving lives? Because MediChain is unique in being designed to be a platform that stores the anonymised data in such a way that patients can opt to let researchers use it in developing cures for every possible disease or illness that occurs in the population.
How are you different?
We are designed to not just help patients, but help to develop cures. There are other Medical Blockchain companies, but they all depend on going head-to-head with multibillion-dollar turnover incumbents in the EHR and EMR markets, and competing with these established companies for revenue sources.
MediChain is the only one that taps into a different and much bigger pot of revenue which actually benefits the EHR and EMR companies and turns rivals into partners.
— MediChain (@MediChainOnline) January 22, 2018
Why will you do well?
Because we’ve designed this to solve a really big problem – curing disease through big data. And this design means that the value in the system is not just the service or end user utility (although we have that too) but in the ‘big data’ which is of huge value to pharmaceutical companies, healthcare systems and insurers. Another key factor is the use of smartcards to make patient access easier and more familiar.
And, because we have great people who buy into our unique vision. The team, of course also includes expertise in the medical field and electronic healthcare records. Our founder has the highest level of academic degree (a D.Phil) awarded by the world’s leading institution in medical science
Where are you based?
We are in London, England.
When was the company launched?
The original ideas have been under development for several years, but was brought to together and brought to the public in 2017
What have been your biggest wins to date?
We are early on in this story and some of the successes are more meaningful to us than they might be outside – like working out how to speed up medical blockchain by a factor of over 10,000 so that it overcomes the problems that almost every other Medical Blockchain company has just brushed aside. Or working out how to make a system that your grandmother will be able to use and benefit from – even when she is sick – without needing a massive code to type in. To use, in fact, even when she is unconscious.
And there are some truly amazing things in the pipeline, so just hang in there!
"Some authorities think that #ICO or #TokenSale are perhaps the most exciting new development in commerce since Thomas Gresham opened the Royal Exchange in the 16th century and opened the way for the modern world." – Mark Baker #Medichain Founder https://t.co/bchKXUDMXH pic.twitter.com/tHHfUgjFoi
— MediChain (@MediChainOnline) January 21, 2018
Who are you trying to attract to your product?
There is appeal across the spectrum. By design. Firstly, we want anyone who has ever been ill or might get ill. We give privacy and control over your medical information. Then for doctors, providers, health services and insurers we produce unified access to data. And for those who develop cures, by giving them access to the data that they just don’t have, of medical treatment in action. And ultimately the technical intermediaries who we can reward with the benefits of the value that the big data brings.
What tips would you give to others looking to build their business?
You need to have a vision that makes a huge difference to the world. You need to be willing to make your own luck. And you need to have the skills, drive and experience to implement your vision. I’d like to be contrarian and say it’s not as easy as it might look.
Tell us about your team?
I like to pick the best and help them develop their potential. Every week it gets even better. We nurture a cooperative, highly motivated environment. We are doing something big, we think bigger than anyone else in blockchain, and we want our team to feel part of it.
What are your plans for the future?
We are going to revolutionize medical big data and give patients back control of their treatments. We are going to roll this out over telemedicine, IoT devices and mental health, always respecting the patient in a way that is hardly considered today. But we remember Bill Gates when he said “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.” And so an ICO allows us to take on the big picture.
What are your favourite tech gadgets?
Elon Musk’s Falcon Heavy. I’ve been waiting for someone to do this for years. The Large Hadron Collider (LHC) at CERN. I think when we look back at this and put all the data together we are going to find some really interesting and surprisingly revolutionary things. The Torsen differential. Sometimes you just look at something and smile at the genius behind it.
What tech gadgets do you wish you could use to help you?
Dick Seaton’s Brain Extender from the 1934 story the Skylark of Valeron. It was a charming early ‘big AI’ story where the AI simply augmented the protagonist’s normal abilities. A lot. I don’t know how you feel, but I always feel that the big questions are really big and any extra mental horsepower is always useful.
How do people get in touch with you?
Email. Or better still walk up to me and chat when you see me at a show or big meeting.
— MediChain (@MediChainOnline) January 19, 2018