MISBLOC Token Economy #2

The MSB token’s utility in the telemedicine sphere

MISBLOC
MISBLOC
3 min readJan 11, 2021

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MISBLOC (Medical Information Service with Blockchain) is a medical service ecosystem which is based on blockchain technology. MISBLOC offers a sustainable and efficient medical service ecosystem by providing reliable medical information to patients, medical institutions, and public institutions in the Big Data era.

Hi there! In today’s post, we are going to further gauge the MISBLOC Token Economy, which is based on the utilization of medical data. Blockchain technology helps to preserve individual medical data in a safe manner so that nobody can hack confidential information. The MSB token allows users to take full advantage of the telemedicine established on ANAPATALK. This part of MSB utility presents patients with a very convenient and flexible platform where they can communicate with their appointed medical institutions simply.

Telemedicine

When a patient is far from where he usually gets medical treatment but is in need of urgent medical care, the patient will not need to visit a new medical institution to pay for another examination. Instead, they can request a prescription from a medical institution that already holds his or her own medical history, and then pay MSB tokens to the medical institution that can issue a prescription. The usage of the MISBLOC blockchain platform will significantly reduce costs expended for healthcare not only for individual patients but also for the entire country. This part will be implemented after further teleprescription is legally allowed.

Fundamental Telemedicine Token Ecosystem

After paying a certain fee with MSB Tokens, you can enter the Remote Counseling Center. Once the patient enters the center, the MSB tokens used as fees will be held in the “Pending” state. The conversations with the medical staff are conducted in a Q&A manner, but in a format similar to text messages rather than real-time chatting. The real-time chatting method may not be appropriate considering the patient’s medical conditions or the efficiency of the medical staff. Given this, it is expected that this method of leaving questions and answers as time allows will be sufficient for both patients and medical institutions. This approach is actually used primarily by major telemedicine companies such as TelaDoc in the United States. After the Q&A ends, the patient leaves the session, and the aforementioned “Pending” tokens are allocated to the medical institution’s wallet, a small portion of them used as expenses for the operations of MISBLOC’s token ecosystem.

Foreign Patient Consultation

In the case of counseling overseas patients, which should be conducted in foreign languages such as English and Chinese, the number of tokens required for counseling will be higher in order to encourage medical institutions to participate in the consultation. Those patients residing overseas will be able to receive teleconsultation by Korean medical staff in the English and Chinese versions of MISBLOC’s software app, ANAPATALK. They can also visit the hospital and pay for treatment using MSB Tokens. In the case of medical tourism patients, the cost of treatment is significantly higher than that of ordinary patients, which is expected to contribute greatly to the utilization of MSB tokens and vitalization of the ecosystem.

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MISBLOC
MISBLOC

Medical Information Service with Blockchain