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.

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