Wednesday, 31 January 2018

How Does MediChain Get Big Data?

Q: For MediChain to be successful it requires initial patient data. How do you intend to do this?"

A:  Ok so there are two strands to this. Patients only need access to their own data, not to other patients. So immediately a patient starts using the system and for the whole time after their data is accessible to them. Patients don't need to access the big data aspect.

For the big data, we combine the aggregated patient data built up over time and the data from our partners and data projects.  A substantial amount of our token and funds raised (totalling about $30M) go into funding projects and collaborations to get super high-quality data to 'seed' the database. There are other major ways that we speed up the population of the database, but these are the main ones.

Tuesday, 30 January 2018

The Medical Big Data Platform

There are quite a few Medical Blockchain companies and everyone except ours of them depends on going head to head with multibillion dollar turnover incumbents in the EHR and EMR markets and competing with these established companies for revenue sources.

MediChain is the only one that taps into a different and much bigger pot of revenue which actually benefits the EHR and EMR companies and turns rivals into partners.

This is because, by design, we use the data as anonymised big data. MediChain's tagline is "The Medical Big Data Platform" which indicates our main differentiator. This means that the value in the system is not just the service or end user utility (although we have that too) but in the 'big data which is of huge value to pharmaceutical companies, healthcare systems and insurers. The annual value of this is in the hundreds of billions rather than just the billions that the rival companies tap into. Whats more they are in competition with one another and with the EHR/EMRs. We are not in competition with them

Of course storing data off the blockchain is part of what allows us to do that and to leverage existing big data technologies, but just storing it off the blockchain is not enough and a deep knowledge of specific technologies has to be designed into the system.

Thursday, 18 January 2018

Fermi Problems

Enrico Fermi was known for his ability to estimate things quickly and produce an order-of-magnitude guess with only minimal calculation. Hence, a problem where the goal is to simply obtain the nearest power-of-10 estimate is known as a "Fermi problem". Of course, sometimes in life some people think that you need to know things to better accuracy than the nearest power of 10...

How Fermi could estimate things!
Like the well-known Olympic ten rings,
And the one-hundred states,
And weeks with ten dates,
And birds that all fly with one... wings.