The following is an function assessment of XMED Chain ICO. The assessment is in keeping with sure standards, which we predict are essential for an ICO challenge to be successful. We measure a a success ICO through quick time period and longer term ROI estimation. The following isn’t a monetary recommendation.
IntroductionThe call for for top quality healthcare is rising international because of an growing old inhabitants, center magnificence source of revenue enlargement, health insurance products and services, expanding scientific expenditures, and source of revenue enlargement in creating nations.
XMED Chain (XMC) is the primary consumer-generated software device that intends to make use of blockchain era, synthetic intelligence (AI), and large knowledge analytical energy within the healthcare box. The device objectives to gather, retailer, organize, and percentage world private scientific knowledge beneath a secured device, due to the benefits of the blockchain and to make use of AI and large knowledge to research it for adapted recommendation to world scientific products and services.
The building of the device is in 3 major milestones. The first model is deliberate to move reside within the 3rd quarter of 2018. The 2d model will come with the factitious intelligence research. And the 3rd model will be offering all comparable scientific products and services. XMC Is aiming for the worldwide marketplace, regardless that, it’ll start through penetrating the Chinese marketplace. The founding group is composed of the founding father of “Health Without Borders Limited”, the Convener of the Hong Kong Specialist Care Foundation (HKSCF) and extra. XMC is suggested through best folks, amongst them is a founding member of Baidu (the ‘Google’ of Asia). XMC is taking a look to boost 22 Million USD, the pre-sale is ongoing, and the general public sale to release it’s in Q2 2018.
Let’s get going with our analysis!
Background- Issues within the healthcare business Improvements in residing requirements and technological development have introduced folks to hunt top quality scientific products and services. By doing so, they spend extra money on scientific products and services and insurance coverage. The call for for those products and services has long gone past native limits and has expanded to different nations.
Medical knowledge garage is scattered, and information sharing is hard. There is not any same old structure for scientific knowledge garage. In maximum circumstances, sufferers wish to gather and supply their very own scientific data to other establishments. As there’s no current device successfully sharing scientific knowledge immediately between establishments, numerous sources are wasted sorting and keeping up scattered scientific data in quite a lot of codecs.
The virtual paintings-drift itself additionally brings community safety dangers. The globalization of healthcare products and services makes it tricky to rule out knowledge safety dangers. Global healthcare suppliers, sufferers, and drug and gear producers want a safe and dependable data era device to regulate scientific knowledge, thereby attaining interoperability and a affected person-focused, worth-primarily based and environment friendly carrier device. Medical establishments organize scientific data, and the sufferers have a loss of authority relating to the ones data. Therefore, affected person’s privateness coverage in large part depends upon the ones establishments. Mishandled scientific knowledge, like unintended leakage of delicate knowledge, could cause severe outcome.
Lack of authority over scientific data might also lead sufferers to mistrust scientific establishments. An efficient scientific file device that empowers a affected person’s authority within the control in their scientific knowledge can lend a hand to fortify the believe amongst sufferers, physicians, and establishments. It can strengthen sufferers’ compliance, successfully fortify high quality of care, and save you scientific malpractice. The software of AI and large knowledge research proceed to increase within the box of healthcare. At provide, the life of various, fragmented and invalid scientific knowledge implies that it’s tricky to reach correct and environment friendly analytical effects. The fast accumulation of scientific data through the blockchain can shape a precious database for giant knowledge research, and ultimately notice extremely correct analysis and remedy session through AI.
There is a data hole the place the distribution of high quality scientific sources is unbalanced, some spaces have insufficient scientific sources, while different spaces will have an far more than scientific sources. The mismatch of scientific sources hinders the standard and potency of healthcare. Patients looking for scientific data at the Internet might obtain unreliable data, false remedy recommendation, and different unhealthy effects. Medical large knowledge research can give unified, clear, and dependable scientific data, cut back the information hole, and advertise truthful allocation of scientific sources. Global Medical Market Size
In the previous ten years, we’ve witnessed source of revenue enlargement in creating nations and a corresponding upper call for for world and pass-border scientific products and services and health insurance. The outlook for 2018 is that the worldwide marketplace for scientific products and services will achieve over eight trillion USD, and calls for for pass-border scientific products and services will achieve 421 billion USD.
HONG KONG, CHINA / ACCESSWIRE / March 5, 2018 / XMC, the worlds 1st global medical blockchain platform, was launched recently to exert the transformative power of big data and blockchain technology for the greater benefit of the healthcare industry. The developers claimed at a press conference that the platform would help healthcare sector players in delivering cross-border medical solutions, and maintained that healthcare professionals and service delivery units can harness the power of big data with the help of the platform.
XMC project developer Penny Caesar, who is also the founding member of Health Without Borders Limited, has got ten years of experience in project management, sales and marketing. The project team also includes Dr. Lau Shun Tung, convener at Hong Kong Specialist Care Foundation as well as Hong Kong Primary Care Foundation. The team also includes prominent advisors who have had the experience of working with top multinational companies such as Yahoo, Baidu, Draper Dragon, IOB Fund, Iclick, Ernst & Young and the likes.
According to Penny Caesar and his team, the XMC Chain project has already been approved by the top crypto funds and it reached a soft cap of $5 million within a few hours of its launch. NASDAQ has already listed XMC, with many other top publications having been already published the news of the launch.
“We believe our project has huge potentials to addressing and solving the pain points of the global healthcare industry. Both inbound and outbound demands of the healthcare industry can be successfully met with the big data and blockchain platform,” said one of the top executives and an assistant to Penny Caesar.
“We are happy to announce that our XMC telegram group users are growing in numbers by each day passing and there are already more than four thousand and six hundred active members. In addition to that, we are currently communicating with a number of exchanges, and XMC will soon be listed in a mainstream exchange after completing the ICO formalities,” informed the executive.
The executive also told the press that the aim of their company is to develop XMC as a patient-oriented and intelligent ecosystem.
World 1st Global Medical Blockchain + AI Big Data Platform
Establishing a personal medical record at the same time helps the development of world medical data.
Everyone gets XMC Token after the medical certification data and can enjoy the economic results together.
Our vision is to build a patient-oriented, sustainable and patterned ecosystem in the management of medical data
to achieve a global health care system.
Issues in the Health Care Industry
Demand for the management of global medical data is great
The traditional way of medical data management is outdated in a diversified healthcare environment. Data storage is scattered and data sharing becomes difficult.
Medical data scattered
There is no standard format for medical data storage. In most cases, patients need to collect and provide their own medical records to different institutions.
Lack of patient authority in medical data management
Patient’s privacy protection is highly dependent on the institution itself.
Lack of high-quality data analysis system
Due to such diversified, fragmented and possibly invalid deficiencies, it is difficult to ascertain the accuracy and efficiency of the analysis based on the data.
XMED Chain is a Blockchain Based Application System, AI & Big Data Technologies Anonymous data will be analyzed by AI and large data analysis system.
Through intellectual analysis and evaluation, accurate consultation results can be generated for individual users or institutions with greater efficiency and quality. With data collection and analysis, XMED Chain medical data can be used in a variety of scenarios. Users can safely store and manage their medical data with their authorization.
Medical records can be used in a number of services by institutional users, including online consultations, medical appointments, offering information on insurance products and other value-added services. Encrypted data can also be shared securely between institutions. XMED Chain aims to facilitate the standardization of medical data processing and implement systems where information can be exchanged transparently in a safe manner, which ultimately establishes a global medical data system based on user needs. XMED Chain’s vision builds a patient-oriented, sustainable and patterned ecosystem in the management of medical datato achieve a global health care system. An interesting fact about the XMED Chain is that they are the World 1st Global Medical Blockchain + AI Big Data Platform. Create a summary of the points listed above
> The reason why they were created is also related to their project overview: It has been said that XMED is World 1st Global Medical Blockchain + AI Big Data Platform. Establishing a personal medical record at the same time helps the development of world medical data. So all this time everyone gets XMC Token after the medical certification data and can enjoy the results of economic sharing. Their main goal: XMED Chian aims to facilitate the standardization of medical data processing and implement systems where information can be exchanged transparently in a secure manner, which ultimately establishes a global medical data system based on user needs.> What makes it unique: The XMED chain now tries to solve some of the fundamental issues in the Healthcare Industry that include the following :
1. Demand for a great global medical data management: The traditional medical data management methods are outdated in a diversified healthcare environment. Data storage is scattered and data sharing becomes difficult. So XMED will create a solution to this problem. 2. Scattered medical data: There is no standard format for medical data storage. In most cases, patients need to collect and provide their own medical records to different institutions. In this modern era XMED will develop a standard way to make wayd work in accordance with its wishes.3. Lack of patient authority in medical data management: The protection of patient privacy depends on the institution itself. 4. Lack of high-quality data analysis system: Due to such diversified, fragmented and possibly invalid deficiencies, it is difficult to ascertain the accuracy and efficiency of the analysis based on the data. 5. Incompatibility of medical resources: The allocation of quality medical resources is not balanced, due to lack of knowledge in certain medical care areas. The discrepancy of medical resources impedes the quality and efficiency of health care.
Dissatisfaction of medical resources
The allocation of quality medical resources is unbalanced, due to lack of knowledge in a particular field of medical care. The discrepancy of medical resources impedes the quality and efficiency of health care.
What is XMC?
Application Systems Based on Blockchain, AI & Big Data Technologies
Anonymous data will be analyzed by AI and large data analysis systems. Through intellectual analysis and evaluation, accurate consultation results can be generated for individual users or institutions with greater efficiency and quality.
With data collection and analysis, XMC medical data can be used in a variety of scenarios. Users can safely store and manage their medical data with their authorization. Medical records can be used in a number of services by institutional users, including online consultations, medical appointments, offering information on insurance products and other value-added services. Encrypted data can also be shared securely between institutions. XMC aims to facilitate the standardization of medical data processing and implement systems where information can be exchanged transparently in a secure manner, which ultimately establishes a global medical data system based on user needs.
Roadmap & Long-term development goals
Business Model
Design and Technology
How to use XMC?
Through the application of smart contract, users can submit their medical records or other medical data to XMC. The XMC’s system analyzes the data and generates optimal medical service options for such users and provides a platform of information for patients to locate a safe one-stop health care consultation.
Submission and verification of medical records
The verification of medical records uses the “consensus / AI / encryption algorithm” technology to ensure immutable and secure data are uploaded, verified and transmitted. Individual users shall have primary control over their personal data.
Identification and translation of medical records
After verification of the medical record, AI system identifies and converts the contents into text format. AI technology will translate the text into the user’s default system language.
Intelligent match of medical data
Through the database, users can learn the global medical data including the patient’s height, gender, weight, symptoms, hospitals visited, as well as the medical technology and drugs that have been tried and the satisfaction of the degree and so on. Through AI technology, the data can be intelligently searched and matched to different levels. As a result of the intelligent screening, the AI system will provide the most appropriate global medical solutions based on the patient’s medical record, and abandon the unverified data from the Internet.
What can achieve through the XMC system?
XMC’s system can connect to data systems in enterprises, such as HIS, ERP, CRM and others by API docking. Under patient’s authorization, authorized enterprises have access and editing permissions to the users’ medical records.
XMC Token
In the traditional medical environment, individual users have no direct control over their medical records and do not realize the value of personal medical information. Users of the medical information can not guarantee the authenticity of the information obtained. The future of medical data should be transparent and open, which leads to the concept of XMC token (XMC Token). XMC Token will be circulated in the XMC ecosystem, designed for all users who contribute to a harmonious and shared economic ecology.
For more information and joining Xmed’s social media today please follow some sources for the following references :
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