[ANN] [ICO] MediBit USA - Global Standard Health data Platform

[Xuanz]

MediBit


Private sale of ICO Launching May 20th 2018

WEBSITE
BOUNTY

Current Issues in Healthcare Industry

In the healthcare industry, a large quantity of data is generated and used instantaneously by not only healthcare providers but also by healthcare consumers and researchers. Most of the data is generated by healthcare organizations, but unfortunately, the medical data is fragmented and dispersed due to the current medical data system and regulations from various governances.

Unfortunately, current regulatory restrictions obstruct and stand in the way of an efficient healthcare system.
The HIPPA (Health Insurance Portability and Accountability Act) of the United States set forth strict guidelines in sharing healthcare information among providers, insurers, and consumers, which minimize the sharing of healthcare information in the name of protecting privacy. Other countries have similar regulatory restrictions in sharing healthcare information, which makes the sharing of sensitive personal healthcare information difficult.

The inability to access a patient’s complete medical history hinders proper medical care, promotes wasteful medical services, and generates unnecessary administrative overhead. Medical data generated by current healthcare organizations use individual and incompatible platforms, making the data less reliable. Also, the costs of setting up and maintaining current healthcare platforms are very expensive. This results in reduced
quality of care for patients and healthcare consumers.

Since the emergence of blockchain technology, various platforms have attempted to healthcare information formation securely and efficiently. However, most of these platforms have existing limitations due to

1) absence of profit model
2) lack of benefit between the medical institutions that use the platform
3) regulatory restrictions
4) difficulty in sharing healthcare information amongst health information generators
5) patients having difficulty in keeping a proper record of their personal healthcare information because their medical records are dispersed
amongst different providers, and because healthcare providers use individual and incompatible platforms.

What MediBit offers

MediBit will provide an HIPPA-compliment, open platform based on blockchain technology, where healthcare consumers
can authorize, choose, and control the level of sharing of their personal health information with healthcare organizations.
MediBit has distinctive differences compared to other proposed healthcare platforms on the market in the following areas:

Hospitals in the United States spend more than 31% of hospital operating costs to hire staff to manage medical information formation. By participating in the MediBit project, these hospitals can significantly increase hospital revenues by significantly reducing hospital operating costs and can escape the difficulty of hiring and managing hospital staff.

For example, if MediBit platform cuts the hospital operating cost by 65%, and the number of problems caused by hiring hospital staff is reduced, doctors and hospital operators will happily pay a fee to an employee the MediBit platform. In fact, all physicians and pharmacists currently involved in the MediBit project and their associated hospitals already have plans to use the MediBit platform and pay for platform usage fee. Therefore, hospitals and pharmacies are loyal customers of the
MediBit platform as well as an important provider of health/medical data to build MediBit platform’s initial database.

Currently, insurance companies in the United States do not have an efficient means to obtain accurate and complete medical history of their customers. Insurance companies using the MediBit platform can obtain the complete medical information of the customer all in one place, and in doing so not only can reduce the administrative cost the companies are able to provide more accurate premiums. In the future, insurance companies will the become an important member of the MediBit ecosystem.

In the United States, there is a tremendous interest in personal health. Reflecting this, there are 36,000 to 40,000 fitness centers throughout the country, with more than 55 million members and growing. The MediBit is working closely with fitness centers to launch an ambitious project. The MediBit project will offer advanced massage chairs and weight scales to fitness centers.
The members of these fitness centers will not be required to pay a fee to use the massage chair and weight scale but instead
share the health data (blood pressure, heart rate, oxygen saturation, weight, and ankle-brachial index) collected to MediBit
platform and fitness centers.

Benefit for the Fitness Center Members Fitness center members can use the massage chairs for free after they receive a MediBit card from their fitness center. By using the massage chair and MediBit platform, fitness center members can track various health data such as blood pressure, heart rate, oxygen saturation, weight, and ankle-brachial index, and receive MediBit coin for sharing their health data info in which can be used for other services offered by MediBit platform.

By partnering with MediBit, fitness centers can increase their reputation and satisfaction of fitness center members by providing advanced massage chair service that allows the members to relax after a workout all free of charge. In addition, by receiving the health information of the members provided by the MediBit platform, fitness centers are able to offer exercise programs and/or diet programs to the members that have high blood pressure or increase in body weight. In result, fitness centers are able to increase
their level of customer care and revenue without investing a large sum of money, thanks to their partnership with MediBit.

As MediBit becomes a recognized global standard in the United States, we pursue a Global Medical platform that is not limited to countries or regions. Some medical platforms have been proposed to the market. However, virtually all of these medical platforms are designed for their own country or region, thus hindering themselves from becoming a global platform. This results in lack of attention from medical data producers and consumers due to their inborn limitations. The MediBit project is an open platform that allows a simple exchange of medical data, and the MediBit Coin will be used in the process.

ICO Details

Private Sale
Period = May 20th ~ July 1st 2018, 00:00:00 UTC
Minimum Entry Price = 10 ETH or 1.4 BTC
MediBit Coin Price = 1 ETH = 1,500,000 MediBit Coin
Max Token Distributed = 75,000,000,000 MDBs
Private Sale Discountes:
10-19 ETH = 40% Bonus
20-29 ETH = 60% Bonus
30 or more = 70% Bonus
Participation Req = Registration on the website

Public Sale
Period = July 1st ~ Aug 1st 2018, 00:00:00 UTC
Minimum Entry Price = 1 ETH
MediBit Coin Price = 1 ETH = 1,500,000 MediBit Coin
Max Token Distributed = 75,000,000,000 MDBs
Private Sale Discountes:
Week 1 = 20% Bonus
Week 2 = 10% Bonus
Week 3-4 = No Bonus
Participation Req = Registration on the website


Token Distribution
Crowdsale = 45%
Founding Team = 20%
Advisors = 8%
Marketing/Promotion = 7%
Exchange Development = 5%
Platform Development = 5%
Hospital Development = 5%
Sponsorship = 5%

Fund Distribution
Platform Development = 50%
Company Operation = 25%
Marketing/Promotion = 10%
Business Development = 10%
Legal = 5%