On September 26, 2020, MedicalVeda, which is based in Canada, announced its new partnership with ExMarkets, a crypto exchange and leading IEO Launchpad. According to the announcement, the two firms will work together on the MVEDA Token launch, which represent the native tokens of MedicalVeda. The tokens will be launched via an Initial Exchange Offering that will be held on September 28, 2020. During the sale, the tokens will be offered to the public at a set price as part of a wide blockchain-powered healthcare revolution.
MedicalVeda Wants To Decentralize Finance In The Health Sector
MedicalVeda is a project that aims to decentralized finance within the health industry. They also plan to decentralize other aspects of the health sector using products such as Electronic Health Record (EHR). With EHR, they will decentralize data management within the industry.
Bringing DeFi Into The Health Sector
MedicalVeda plans to use the MVEDA Token to introduce DeFi into the healthcare sector. Bringing DeFi into the healthcare world could help patients to access capital for medical procedures. Additionally, it could help practitioners in the industry to access capital for their ventures. Another use case for MVEDA Tokens will be an exchange of value. Additionally, the tokens will be used to enable access to various services and products created by MedicalVeda.
In terms of data management, the MedicalVeda platform will provide permissionless access to medical data from any part of the world. The data will be easily accessible to any medical practitioner in any part of the world and the patients.
Increased Need For Safety
In the current healthcare industry, there is a growing clamor for better safety standards for patient data. By using the blockchain, MedicalVeda will decentralize the ownership and accessibility of this data. MedicalVeda will help to secure the data in different storage points while allowing patients to access their data from any part of the world. There is also a data marketplace built into the MedicalVeda platform. Patients will be provided with incentives to sell their data across various marketplaces where it can be used for breakthrough research.
The MedicalVeda platform could not have come at a better time. As the world has become increasingly digitized due to COVID19, the MedicalVeda platform will help to ensure that data management within the medical sector is safer.
What The Leadership Team Had To Say
Commenting on the latest partnership, Amir Neghabian, the MedicalVeda CEO said that the company was leveraging modern technology to address the shortcomings within the health sector. Some of the technologies they are harnessing, according to him, include the Blockchain, DeFi, AI, Big Data, Smart Contracts, and Cryptography. The CEO believes that the challenges in the health sector concerning data ownership, accessibility, and access to funding could be addressed with these technologies.
He added that their latest innovation would offer patients a DeFi based lending platform that would help them access capital for their medical bills. At the same time, it would allow them to gain ownership of their medical data, which they could trade on a dedicated marketplace.