Quote from: gobisirom on April 11, 2018, 07:53:46 AM

Quote from: lexixon on April 11, 2018, 07:44:26 AM

Quote from: himanshu93 on April 11, 2018, 06:57:49 AM

guys to be able to carry out such a large scale project is difficult and can you tell me why do you need blockchain for this when it can be implemented without the blockchain?

You are totally right, it is difficult indeed - but we have a very solid setup with both financial and industry support. We're also in touch with authorities that play a big role in that market. For your question on why to use Blockchain, I could quickly summarize it as follows:

It allows for micropayments needed in our patient incentive programs, rewards, and discount programs, connecting the parties (e.g. insurance company and patient) in real-time and based on predefined rules written in smart contracts (imagine certain statements from insurance policies to be fixed there)
The MDX token acts as internal application unit of account to interact with the smart contracts

To give you another example: Patient with diabetes may be paid in real-time for each glucose lab result within normal range. In long-term, IOT devices that record patient blood pressure, blood sugar, and others will be integrated into the patient app.

Also the general benefits like immutability and transparency play a big role as this is a requirement in today's markets. Without blockchain it is much more costy to have the secure setup needed. Last but not least, the tokens / tokenomics allow for an interesting setup to attract strategic partners and customers in the market in the early stage cause they may benefit from exponential use at a later stage.

Do you like that explanation?

yes, i like that. this is very good information and i like it with your project. I hope your project can be a great success

While we can't publicly announce the names yet, we will be launching on a blockchain different to Ethereum that will not only provide the function of smart contracts but will provide additional and more exciting "utilities" that can be integrated with the BlockMedx use case and application. Therefore we also see the technology and innovation power of the underlying blockchain to be a valid reason to jump on that (technology) train. The latter is something also our team is very excited about and we're looking forward to the public announcement which hopefully will lead to more in-depth discussion on how to bring the best possible value to the end customers also in reference to that particular underlying blockchain we're using.