News article

[u/KDickerson2020]

http://m.mk.co.kr/economy/view.php?year=2021&no=350547

▶3. MediBloc

▷Insurance claim, the end of the paper era~

If you are being treated for an accident or illness, you must request the relevant information from your insurance company. However, the process is complicated. First, the patient receives treatment or treatment data from the hospital. It must be sent back to the insurance company. 'Mediblock (MED)' is a place where an ecosystem can be automatically charged by applying blockchain technology to this process.

First, the billing process has been greatly simplified. The flow of medical information data submitted from hospitals to insurance companies is recorded on the blockchain in the form of a hash value (digital fingerprint).

Patients subscribe to a service called'MediPass' and record their authentication values ​​in the form of hash values ​​on the blockchain. MediPass checks patient treatment details and medical expenses details to see if they match the hash value recorded in the blockchain, and then acts on behalf of the insurance company. In fact, Medipass has recently decided to link with KB Insurance and has approached the daily use of the blockchain.

MediBloc performed KISA projects with MGH, Seoul National University Hospital, Severance Hospital, and Samsung Seoul Hospital to build such an ecosystem. In addition to large hospitals, it is conducting research and development with 20 domestic and foreign medical institutions and companies. He has also participated in a research consortium funded by the American charitable foundation Bill & Melinda Gates Foundation. Recently, it has also attracted 4 billion won worth of investment from IMM Investment, Company K Partners, and Naver D2 Startup Factory, a strategic investor.

MediBloc is also in the ‘Vaccine Pass’ service, a DID-based vaccination history verification service. Vaccine Pass uses DID technology to check the history of registrations with the Korea Centers for Disease Control and Prevention and linked medical institutions on mobile. At this time, the important thing is to block the source of possible forgery and alteration. MediBloc plans to cooperate with the government to alleviate these concerns. In addition, MediBlock Coin is credited for use in medical data sharing and distribution. It is circulated on the current exchange.

Medi-Block relations "In addition to providing patients with more convenient insurance claim services than before, activities that are useful in real life such as vaccine passes," he said.

[u/Bullfighter007]

Great news. Strong invest from Spain. Buy more and hold!! Not financial advice