How MedChain Will Change Health Care Dramatically. Exclusive Interview and Token Sale Opportunity
Welcome to Looking at the Markets with David Moadel today I have not just one
but two amazing guests today because these are two gentlemen from a an ICO
and a token and a system that I believe in it is med chain and I'm gonna put
that website up there it's med med chain Global and today I
have two representatives from Med chain it is CEO yo Hakeem sand guard and CTO
Steve wish star so gentlemen welcome to looking at the markets thanks David yeah
it's an absolute honor and pleasure to have both of you representing this
fantastic opportunity here on looking at the markets so I wanted to talk about
med chain because they are truly rebuilding healthcare we're talking
about a globally compliant healthcare blockchain and daps for electronic
medical records I know this is so important but let's start with a little
bit about both of you gentlemen if one at a time you could tell us about
yourself and how this med chain project came to be uh sure so my chain started
about a year and a half ago when I was working as a system administrator and IT
senior IT manager a medical device company that served over 500,000
patients and that's a lot of medical records and over my course with that
company one through several EMR or electronic medical record systems and
getting data from from one system to another is is quite a process it's the
kind of thing that takes a lot of time and a lot of people to get done right so
munching really spurned from the idea that we could use a blockchain to
facilitate the trail for and wanted ability of what records
are where and who owns them and who gets to delegate them out yeah that's
fantastic and Steve if you'd like to tell us about your involvement in the
project and how you came to med chain sure yeah I started matching probably
about six or eight months ago here now and brought on as the CTO because I had
a good firm at least I believe a good firm grasp of the you know how to
develop front-ends and backends and then also have been dabbling into the
watching development environment itself so I run a couple of teams for some NASA
projects and for some DoD projects so it's kind of a very you know trying to
keep on top of what the latest you know technologies are out there and the best
you know and the medical field itself is kind of like a poster child for
whatching technologies you know like why you why you would want to keep your
medical records safe and you know untampered bowl and stuff like that so
it really intrigued me so I definitely decided to apply myself here yeah well I
think it's great that you're getting involved in this because it's not only a
great token a great project but it's also really important for the medical
community now what gentlemen what makes your project unique from some of the
other medical blockchain projects that are out there today I think the biggest
thing that we've seen is that the majority of projects out there focus on
one little aspect of either scheduling or maybe some of the record storage
parts but we really focused on making an extensible platform that other medical
record companies or either even healthcare companies and the blockchain
space can build directly on so so we're the platform that all the other
companies in this space could exist within sort of like you know the the
etherion platform for healthcare fantastic well I like the sound of that
now gentlemen if you could tell us since you mentioned the
that form can you tell us a little bit about the Med chain platform and some of
the features I'm sure I could actually handle that one
so yeah the the mitching platform itself like yo Keem said it's kind of like a
the baseline of what what anybody would need for their medical history and it's
basically we provide the storage space for medical files so you know as you're
taking an x-ray or you know you know if the doctors taking x-ray or dental
records or whatever you want for your medical records they can actually be
stored in med chain in this distributed file system that's all permissioned and
stuff like that so and then that brings me to you know the med chain itself is
actually you know surrounded or governed by the permissions that the patient
gives each of the providers you know so with the click of a button the patient
can actually give you know their brand-new provider or somebody you know
that they want to get a second opinion from they can give them permission to
see their medical records so that that doctor can get up to speed on what's
happening you know very quickly and see the official results you know and then
the actual other thing that we are providing is that storage market you
know so the the companies that are storing EMR records right now whether
they'll be hospitals or you know specific companies they will actually
continue to store those medical records but now they'll actually get paid for
storing those medical records right now they are storing them you know for their
own patients you know like they like they need to but that capital expense
for their their computers is not being reimbursed but we can actually pay them
now you know through the storage market itself so you know whatever the storage
rate is for storing files they'll get you know like a per gigabytes you know
per month type of pay system to pay them back so essentially you're compensating
you're rewarding medical providers for properly storing those medical records
they're not just doing it because they have to but now they're doing it
because they want to and that makes a lot of sense to me
I believe in rewarding good behavior and doing what but to be done imagine that
and that's what's happening with med Shan right now and I'm looking at some
of the other features that I see smart contracts people's information Pape
patient information is being stored on a distributed storage network with smart
contracts federated servers protecting the Med chain protocol making sensitive
information secure and yet available when people need it distributed storage
electronic medical records being encrypted and fragmented across the
network to prevent those malicious attacks those hackers from getting in so
I see so many advantages of med chain gentlemen I wanted to this is important
we're talking about legal things here HIPAA laws is everything on med chain on
the Med chain platform is this all HIPAA and gdpr compliant yeah that's actually
where we put our focus initially was on making sure that we're compliant when
you're doing with very sensitive data you don't want to vest a data breach not
only for the sake of the patients but that kind of thing can be terminal to a
company so we set out to make sure that our platform was HIPAA compliant and
then subsequently gdpr compliant as those new rules are all now so you know
we have no no publicly identifiable information on the public network you
know there's going to be certain storage links for various you know various
different sectors of the space and making sure that the transfer of the
files to secure and and people have the right to be forgotten on the network
where if everything was on a public blockchain and easily accessible people
wouldn't necessarily have the ability to have data expunged or deleted if they
decided that they didn't want that anymore so our platform is more than
just just sort of sort of an interface it is the expandable platform that will
exist to to run this long term yeah so you've got a plan in place your fully
compliant that's super important and once again just to mention people can go
to med Chane dot global and i'm going to make
it easy for people I'm gonna put that link right in the description below this
video so just go ahead and go there or type it into your browser med chain dot
global read the white paper look through the website it's fantastic now gentlemen
I wanted to talk about how things are coming along what is the status of
development and where are you at in the roadmap yeah I can answer that actually
we are you know currently in that development phase you know we're doing
all that network configuration the chain code or the smart contracts as you
mentioned and then doing all the UI coding you know to make it an actual
patient distributed application and a provider and distributed application so
that the doctors and the patients can both see you know how this is going to
function and they can you know get permissions back and forth and stuff
like that and then probably about the next quarter of next year 2019 will
probably open up the beta version and that's where we're going to actually you
know bring on real clients to to beta the system and store medical records you
know across you know thousands of patients and then in the the main net
the main network is probably going to be 2020 timeframe you know about a year
after that that's when we're gonna you know take on the millions of patients to
to put put medical records into it now let's talk about what are the largest
complications or roadblocks that you've run into so one along you sort of
touched on which is you know potential of the price going up of our token well
one of the things that we ran into very early when when we started this company
and started to go the DI Co rau was regulations so our token is probably
going to be one of the very first released authentic security tokens in
the sense that they're going to be treated like a security they're gonna
have dividend on our net profit they're going to have a buyout right they're
going to have a first liquidation light and a rescission right
so essentially that that token is going to function the external token is going
to function like preferred equity in met chain so you're not you're not just
buying into you know - you're not just buying into potential you know usability
of a utility token you're buying a security token that will generate you
hopefully profits long term and and if its value will be based on the actual
performance of the company yeah and what people need to know is that first of all
the med coin token is an SEC Securities and Exchange Commission filed security
it's a security token and it tracks the financial health and well-being of the
med chain network it is an etherium network based er C 20 or similar token
alright and it has a hard cap it has again this is not subject that's they
recently changed changed a hard cap but we can we will have all that available
Regulation D 506 C offering documentation I wanted to make this as
attractive as a pop as possible for investors so so we made a couple changes
over the last month yeah and a hard cap is something I look for when I invest in
any token because I want to know it's not going to be subject to massive in
you know huge governmental forces of inflation things like that that's why
I'm a huge fan of icos tokens crypto currencies in general so and this is
again on the ERC 20 if they are in base network so this is the real deal folks
now I wanted to ask more about the tokens how did the tokens the Med coin
tokens work and can you explain the functionality and benefits of using
tokens for this sure so the main functionality of our security token it
being a probable er C 20 or st 20 security token is that there will be
potential liquidity on official alternative trading systems or sec
registered ats like t0 and potentially Polonia accent and in recent
I think corn base was indicating that they're planning on allowing the
training transfer of security tokens on their platform as well so that that's
the purpose of us of us tokenizing this security in the company and then on top
of the dividend buyout in liquidation rights with we feel like that that adds
a lot of potential future value to to the security and the preferred equity in
that chain the utility tokens that are going to exist our platform
Steve can probably tell you a little bit more about them in detail sure yeah you
know yo Keem talked about the security tokens part of it you know the value
holding pieces the utility tokens are you know true utility they're
non-transferable to anybody else and so basically a doctor would buy them
and they are actually you know payments for for the storage that I mentioned so
you know if they need to store an x-ray for six years because that's how long
HIPAA requires it then they can pay with their their utility tokens and then the
storage providers will take on their utility tokens and so these are you know
flat rate fiat based tokens you know so for you know X amount of dollars you get
X amount of tokens and those can be traded back and forth so meeting that's
not traded between people but traded you know to pay for storage yeah and then
besides you know those record tokens to store medical records we actually have a
second utility token so that's three tokens in total for now that's a
discovery token and that you can actually pay to read storage and that's
was kind of one thing that I missed mentioning earlier is kind of a benefit
of our platform is that it's extendable so we're not just you know creating one
one set system we can actually extend those permissions into several other
avenues and like our phase two we want to take on medical discoveries I'm so
basically looking through EMR records with the patient's permission and
basically you know doing the you know the machine learning the AI on
looking at medical records and seeing you know visual reaction the same that
everybody else's across the country and you know to a certain drug and stuff
like that so those are kind of discovery tokens that I I started talking about
gotcha alright and are there any promotions
that you'd like to highlight for investors right now
well I think we've had some so great partnerships that we've been releasing
some news on in the last couple of weeks so we've got some great advisors on the
team people who are familiar with the security space and people were familiar
with the token space because we're sort of bridging the gap between the two so
we've got some some watching experts from the betoken team you do you want to
go into the business partnership with cognition foundry Steve oh sure yeah
yeah that was a kind of what I kind of alluded to that that phase two that we
want to go to our medical discovery consortium cognition foundry is an IBM
business partner and basically they are enabling us to you know run our our
network on a you know on a server that has like mainframe capabilities so this
is where we can actually offer to you know look through millions of records
and do searches on them and you know those advanced queries in order to find
the artificial intelligence connection find new discoveries basically you know
like a certain drug you know affects this number of people if they are in you
know this sort of you know situation or whatever so that's kind of a big data
big computational power capability is really driving you know that thanks to
and then we have actually other phases beyond that planned so that was
cognition foundry was an important teammate for us on that side of things
yeah that sounds exciting I'm excited about this what I want people to do is
to start on the homepage go to mid chain dot global again that link is in the
description below that below this video I made it easy for you just go there I
also want people to head on over to the telegram
group has over 10,000 members on the Med chain telegram grew up easy to join
right there on your phone and get the latest updates also get the latest
updates on the Med chain homepage and also check out the white paper while
you're at it I always read the white paper before I invest in anything you
wanna know the specifications I know you're going to be super satisfied when
you read it because you're gonna learn that this is properly se SEC filed it
all the you know all the due diligence has been done fully HIPAA compliant this
is a real token ERC 20 or similar on the ethereum blockchain network folks I
think you're gonna be satisfied with this one because not only is it a great
investment in my opinion but it is also something you can feel good about
because you're helping make the medical you know the the health records and
health care system which I believe is broken to be honest with you I think it
needs fixing this is a start this is how you do it and it's on the blockchain
which I love gentlemen is there anything I forgot to ask you or anything else you
want to mention at this time I think we covered our bases yeah if you have any
more questions feel free yep and I think on the website that you pointed out you
know on are basically basically right on the homepage will have an invest button
you know for investors to actually to use you know to get it to get straight
to the details yeah are our whitelist should be hoping in the next week or so
for um for people to be able to come in and make sure they go through kyc and
AML and make sure that they're accredited investors for our Regulation
D 506 C offering fantastic also if people want to contact you I've got info
at Med chain com listed right there on the website if people want more
information or better yet separated but yeah right and and you know this is real
folks this is an opportunity for you I'm bringing you the best in the ICO and
crypto space and this is one I really believe in gentlemen thank you so much I
really appreciate it I've been speaking with CEO yo Keem sand
guard and CTO Steve wish star from med chain check out med chain dot Global
check out the Med coin if you're ready to make that investment I believe in it
you should too gentlemen you're welcome back on looking at the markets anytime
thank you so much thank you David
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