Medica - the global blockchain protocol for health care specialists and patients worldwide

[About Medica]

Under current conditions in healthcare, people face a myriad of problems: inability to access quality healthcare, rising costs of home healthcare (in an increasingly digital world), unsafe and inefficient cross-border payments, and the protection of patient identity and data are all ongoing problems that are yet to be completely solved... Until now.

Medica is a global blockchain protocol specifically designed to address current legacy problems and connect healthcare specialists and patients worldwide. The Medica token ( Medtoken) will enable an on demand system that solves the current problems of cross border payments, data accessibility, and payment risk, allowing areas with the highest quality of healthcare to serve the entire world.

The Medica application protocol will create and act as a distributed secure Medical data storage architecture and marketplace for the healthcare industry of the future. Utilizing secure computational methods and an encrypted data storage layer built on top of a Proof of Authority blockchain network, patients will have verifiable and direct control over their personal health data.

[Mission Statement]

Our vision is to have a comprehensive and agnostic healthcare platform, blending blockchain and software solutions that enable improved outcomes for patients and healthcare providers. Medica will create the open and distributed data marketplace for patients to monetize access to their data and allow healthcare providers and research organizations to seamlessly and cost-effectively access pertinent Medical data in a trust-less environment.

[Features]
The Medica team combines a passion for people with industry expertise &a proven record in healthcare & technology.

Smart Contracts

Control Access
Your information is stored on the Distributed Storage Network. Smart Contracts on our blockchain govern access control.

Federated Servers

Limitless Applications
Our federated servers protect the Medica protocol, securing sensitive information while making it available when needed.

Distributed Storage

Transparency & Security
Electronic Medical Records are encrypted and fragmented across the network to prevent malicious attacks and hacking attempts.

[Medica Protocol]

Introduction

The Medica application protocol will create the distributed, secure Medical data storage and marketplace for the healthcare industry of the future. Utilizing secure computational methods and an encrypted data storage layer built on top of a Proof of Authority blockchain network, patients will have verifiable and direct control over their personal health data. Moreover, patients will have the ability to monetize their data through the Medica token incentive structure and application interfaces

[Proof of Authority Blockchain]

Medica will employ a Proof of Authority blockchain anchored to Ethereum as the base protocol of the platform. The POA blockchain affords efficiency and high-throughput capacity that will execute in a computational secure Trusted Execution Environment (TEE). The POA blockchain is a straightforward and efficient form of modified Proof of Stake with known validators and a governance based penalty system where validators’ identities perform the role of staking.

The POA node validators are incentivized through reputation and the system is predicated on implicit trust that all nodes are running the same software and validating blocks in the same way. The Medica blockchain has no inflation, with low fees for users who are leveraging the protocol. Medica will initially build and launch the POA blockchain through a permission-ed and controlled environment before migrating to a trust less system.

Trusted Execution Environment
The Medica blockchain will operate in a Trusted Execution Environment (TEE) employing Intel’s SGX software and hardware. The TEE utilizing SGX will provide a secure enclave in which to run the core of the blockchain network. This provides defenses against direct outside inspection and intervention of third parties or untrusted devices uploading data to the network data pool.

[Medtoken]

The fundamental unit of value within the Medica system is the Medtoken (“token”). Tokens provide inflation-resistant digital value within the Medtoken system. Medtoken is based on the Ethereum ERC20 standard, and it will be trade-able on exchanges.

[Token Features]

The Medtoken is used for multiple features within the Medica platform:

Form of Payment
Medtoken will serve as the main means of payment within the system, although we will accept and use other types of fiat and/or cryptocurrencies.

Currency Exchange
Medtoken will support price determination for Medica services. The system will take a fee in Medtoken and some premium features will be available only by using Medtoken.

Encouragement and Rewards
Medica patients, doctors, and other users earn Medtokens for being on time to appointments, thus reducing costs associated with schedule disruption.

Partnership Access
Medica ownership will give access to advanced platform features, and special partnership programs will help in integrating big companies and institutional players into the Medica network

Data Sharing
Every time Medica receives a payment for anonymous patient and clinician data, the corresponding patient and clinician will earn Medtokens. Medica respects the personal details of all clients and will never disclose any information to third parties without consent from the client

Payable Access to De-identified Health Histories
Insurance companies and other enterprises will pay tokens to access anonymized Medica data.

[Token Distribution]
Medica ICO will be a capped sale raising $30 million (30,000,000) equivalent of ETH and/ or BTC with whitelisted contribution caps. Medica will be issuing 1 billion (1,000,000,000) ERC20 tokens, called Medtoken, to create a new blockchain based healthcare ecosystem. These tokens will be offered in a Crowd sale to allow participants to purchase Medtoken (Medtk)early as well as contribute and support the further development of Medica. During the initial distribution, disbursement to investors is expected to reach 60%. The total issuable supply will eventually represent 90%+ community ownership of the Medtoken .

[Use of Funds]
The funds collected through the CTL will cover the expenses of the project until the project starts making profit and
sufficient cash flow to function on its own.

The key expenses for these funds collected are as follows:

Cost of building Medica platform
Staff salaries
Sales and marketing expenses
Recruiting, partnership building, and business development
App development costs

The company will use the crowdsale proceeds primarily for the development of the platform. The amount raised and
used may vary based on changing market, technological, business, and other factors.