MedicalVeda (MVEDA)

What is MedicalVeda

MedicalVeda leverages modern-age technologies such as Blockchain, DeFi, Big Data, AI, Cryptography, and Smart Contracts to address the healthcare industry's challenges surrounding data accessibility, data ownership, and funding for medical treatment. It provides patients with authority to access and get ownership of their medical records while also facilitating them to incentivize their data by trading it in a dedicated medical Veda data marketplace.

The existing healthcare platforms have limitations in handling multi-institutional, lifetime medical records, as observed in the recent pandemic of COVID-19. MedicalVeda offers a comprehensive blockchain-based ecosystem that ensures compatibility with the existing healthcare models and EHRs while ensuring interoperability with other blockchain networks. Medical Veda believes in the patient's exclusivity being the owner of their clinical data and furnishes a platform for its monetization to trusted parties.

The traditional healthcare systems operating at large are prone to security threats and manipulated transactions or records. MedicalVeda stands out by offering a blockchain-based consensus mechanism whereby it uses decentralization and cryptography to ensure only the right transactions are executed and only authorized representatives have access to information. MedicalVeda provides a protocol focused on keeping the system protected from threats while ensuring transparency, traceability, and provenance for medical records. All data remains immutable, meaning there is no room for someone to alter to delete a specific record.

Data verification and product authentication is a critical process for ensuring the authenticity of medical data. MedicalVeda offers a dedicated explorer tool within the MedicalVeda platform that enables its users to handle data verification explicitly. MedicalVeda believes in using Smart Contracts to send information with transparency and security, allowing patients to create a reliable and sincere connection for consultation. Keeping a unified platform and a transaction environment supported through programmable Smart Contracts utilizes its Mveda Token as the only currency managing the secure peer-to-peer transactions for building up a reliable, efficient, and seamless system.