How can Blockchain-based Medipedia Project Solve the Current Problems of Medical Markets & Tourism?

The medical tourism industry has been facing a lot of challenges in the current technology-dominated market. Whereas the cost of healthcare is increasing, the service quality and reliability are diminishing from the medical sector. Medipedia.io is a digital platform built upon the blockchain technology, which aims to solve the various problems of the tourism healthcare markets around the world and improve the quality of these services. Let’s see how.

The Problem

The medical markets are facing a lot of issues that prevent patients from getting reliable & high-quality medical care at affordable prices. At the same time, medical service providers are struggling with the problems of unavailability of reliable medical staff, lack of technology access and resources, limited reach, etc.

Some of the other problems being faced by medical consumers, providers and other parties include:

• High medical service fee
• High fee charged by intermediaries
• High waiting time
• The absence of a credible and transparent platform to acquire information about medical institutions and personnel
• The limited number of expert medical personnel
• Inconvenience in the medical reservation
• Lack of promotion of good healthcare providers
• Difficulty to find reliable medical staff and services
• The limited or late reach of advanced technologies
• Limited globalization of medical industry
• Degrading economy
• Agents problems like bankruptcy, false advertising, fraud and scam

Basically, the industry is struggling with many such issues and eagerly waiting for a reliable solution that can help everyone involved in this space.

How can blockchain help solve the problem?

A blockchain is an online network of records that maintains and verifies each of the transactions made using a cryptocurrency. The records, also called blocks, are secured through cryptography techniques.

The blockchain technology can help create a decentralized medical tourism information database that could be securely accessed and used by medical institutions and patients. The blockchain will protect the data from tampering and also removes the need for any centralized or intermediary service/person, thus reducing the cost of medical services. Medipedia.io is based on the similar concept.

Medipedia.io — A solution to the Current Problems of Medical Markets & Tourism

The Medipedia platform uses blockchain to create a decentralized medical tourism information and service system that can connect the medical consumers and patients to reliable healthcare services for information, appointment and treatment. The decentralized blockchain helps reduce the cost for medical consumers while improving the quality and reliability of medical tourism services.

The reason why Medipedia project is focused around creating a decentralized database of medical information is that only this method can ensure the complete transparency of the information which can be accessed by anyone in the need. As of now, most of the medical data is controlled by hospitals and cannot be accessed by medical consumers seeking accurate information about service providers. Medipedia platform is aimed at decentralizing all this information as it believes that this is the only way to solve the existing problems of the medical industry.

Benefits of the blockchain technology in Medipedia

Decentralized information system

The blockchain technology helps Medipedia establish a decentralized medical tourism service platform with predefined rights for patients. The platform can be used by medical consumers to find and connect with reliable medical providers and vice versa.

Transparency

One of the benefits of the use of blockchain technology is that all the medical information including patients’ history and records from various medical care services are recorded on a secure blockchain and can be accessed by the consumers.

Increased security

The blockchain technology adds to the security of the Medipedia platform by enabling an encryption system through which the information of medical consumers is protected against unauthorised access, use or hack.

Easy Accessibility

Medipedia maintains a distributed database of patient/medical information that can be accessed anywhere and by anyone (with access rights) via an internet connection. No need to contact separate medical providers or hospitals in order to access the information/records of specific patients.

Reliability

The information, as well as the services, provided through the Medipedia platform are cross-checked for reliability and accuracy on a regular basis. The data is added to the records only after its integrity is verified through various means.

Interoperability & Comparability

Last but not the least, Medipedia provides access to various third-party applications that can freely connect with the platform and/or develop their own applications on the Medipedia API.

Medipedia also maintains a vast record of medical providers and doctors, which consumers can search through to find and compare relevant medical services. Consumers can also send a request asking for more details about a particular medical provider, who in turn can respond with the information. The Medipedia app can also be used for booking appointments with any of the available medical providers within the platform.

In-app Payments with Cryptocurrency

Another benefit of the use of the blockchain technology is that the platform now has its own cryptocurrency — Medipedia Token — which consumers can use for making payments for various services and purchases within the application.

So, the above points and discussion clarify that Medipedia is indeed a true blockchain-based solution to most, if not all, of the existing problems in the healthcare industry.