MedChain
Early Stage
Blockchain-Enabled Medical Records
Overview
Raised: $467,396
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/03/2018
Close Date
04/30/2018
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/06/2018
Days Remaining
Funded
% of Min. Goal
4,674%
% of Max. Goal
44%
Likelihood of Max
Funded
Avg. Daily Raise
$3,995
# of Investors
504
Momentum
Funded
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
Location
Castle Rock, Colorado
Who Should Be Interested:
Are you nervous about your medical information being compromised or stolen? Are you a healthcare provider wishing you could have easier access to patient information? If you said yes, then MedChain could be the investment for you. They use blockchain technology to ensure your information stays encrypted, safe, and easy to access -- anytime, anywhere.
The Company:
MedChain helps keep your medical records safe and secure, yet still easy to access for healthcare providers. The company uses an open-source framework combined with cutting-edge blockchain technology, military-level encryption, and distribution storage to encrypt your personal medical information for the ultimate level of privacy and safety. Your information is fragmented, then distributed across the entire network to make it safe, yet accessible, at a moment’s notice. As MedChain puts it, they “put control back into the hands of the patient -- both literally and figuratively.”
The Bottom Line:
MedChain’s framework provides a better, more secure, and transparent system for electronic medical records. It can vastly improve the quality of care for patients and the convenience for healthcare providers in obtaining records. Medical records stored blockchain style means you get it all -- accessibility and ultimate security.
Are you nervous about your medical information being compromised or stolen? Are you a healthcare provider wishing you could have easier access to patient information? If you said yes, then MedChain could be the investment for you. They use blockchain technology to ensure your information stays encrypted, safe, and easy to access -- anytime, anywhere.
The Company:
MedChain helps keep your medical records safe and secure, yet still easy to access for healthcare providers. The company uses an open-source framework combined with cutting-edge blockchain technology, military-level encryption, and distribution storage to encrypt your personal medical information for the ultimate level of privacy and safety. Your information is fragmented, then distributed across the entire network to make it safe, yet accessible, at a moment’s notice. As MedChain puts it, they “put control back into the hands of the patient -- both literally and figuratively.”
The Bottom Line:
MedChain’s framework provides a better, more secure, and transparent system for electronic medical records. It can vastly improve the quality of care for patients and the convenience for healthcare providers in obtaining records. Medical records stored blockchain style means you get it all -- accessibility and ultimate security.
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Founder Profile
Founder Profile: The $6 BILLION Dollar Pain Point You Can Invest In
Do you remember the days when you would go to the doctors and they would have to move around massive shelves to find your file folder and medical history? Well, despite these documents being made electronic in recent years, the accessibility of these documents still looks much like the day of big, old shelves stuffed to the brim with paper file folders.Unfortunately the way systems are currently set up, communication of healthcare records is rather spotty. Not only are medical records not readily accessible to patients and doctors, but data breaches lead to over $6 billion in damages every year. Put simply, doctors and patients currently have poor access to their records, yet hackers have pretty decent access. Something needs to give and that's where the Blockchain solution, Medchain comes into play.
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