Tron Logo
Trade on HitBTC
Like this video

Ratings Medicalchain

Building the future of healthcare

Medicalchain is a decentralized platform that enables secure, fast and transparent exchange and usage of medical data. We introduce utilization of blockchain technology to store patient health records and maintain a single version of the patient’s true data. Medicalchain will enable different healthcare agents such as doctors, hospitals, laboratories, pharmacists and insurers to request permission to access and interact with medical records. Each interaction is auditable, transparent, and secure, and will be recorded as a transaction on Medicalchain’s distributed ledger. Moreover, no privacy is lost in this process; Medicalchain is built on the permission based Hyperledger Fabric architecture which allows varying access levels; patients control who can view their records, how much they see and for what length of time. Medicalchain is dedicated to empowering patients, improving outcomes, and building healthcare infrastructure for the future.

4.2
53 52 expert ratings
Benchy 3.4
KYC
Experts
4.4
4.4
4.0
Review: coming soon PRO
~$24,000,000
value of tokens sold in ICO
Ended
Token
MedToken
Type
Price in ICO
0.2000 USD
Country
UK
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA
preICO start
15th Sep 2017
preICO end
15th Oct 2017
ICO start
1st Feb 2018
ICO end
1st Feb 2018
Visit ICO website
Report

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Hung Chih (Jason Hung)
Fundraising, China scaling, Project promotion, Government and Investor relation
Rated on Dec 20, 2017
5
5
5
4%

I like this idea and looks a strong team for execution. And the alpha product also ready. I assume this project is low risk and should be very successful.

+17Agree
+16
-1Disagree
Report
Igor Karavaev
Blockchain Enthusiast
Rated on Jan 10, 2018
5
4
4
4%

Improved my valuation. Agree with the team, it could be a new good synergy usage of blockchain. I know a few more projects tackling this problem

+4Agree
+4
Disagree
Report
Nathan Christian
Blockchain Technology Consultant
Rated on Dec 23, 2017
5
5
5
2%
This rating's weight is reduced by 50% as there is no review added.
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Dec 24, 2017
5
5
5
2%
This rating's weight is reduced by 50% as there is no review added.
Ian Scarffe
Blockchain Consultant, Advisor, Consultant. European Commission - Horizon 2020
Rated on Apr 11, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Dr. Rex Yeap
IP Blockchain inventor | Serial ICT inventor | Angel Investor | Quant | Educator | Meditator
Rated on Mar 4, 2018
3
4
3
4%

1. I've show case your ICO to my biotech class at Nanyang Technological University and your ICO has inspired many of the postgrads and postdocs.

2. Very nicely produced video.

3. I took into consideration the review (in particular the red flags) as highlighted in https://concourseq.io/Q/Medicalchain

4. I've updated my scores accordingly and will revise it if the core team can respond to the red flags highlighted in Concourseq.

+1Agree
+1
Disagree
Report
James Sowers
Ico adviser
Rated on Jan 3, 2018
Modified on Dec 15, 2018
4
5
4
4%

This project was a great idea and vision the team was not able to execute and get it to work !

What exactly happened is unknown !

Why did the project fail?

Agree
0
Disagree
Report
Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Feb 4, 2018
4
4
4
4%

A decentralized medical documents platform is a great idea. They have a solid team. I am concerned about their ability to execute based on their performance throughout the process of their ICO. This concern can be nullified and eliminated if they can execute on their key timelines and milestones.

+2Agree
+2
Disagree
Report
Rick Tapia
Blockchain Advisor and Consultant
Rated on Feb 5, 2018
5
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on Dec 25, 2017
5
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Jan 18, 2018
4
5
5
3%

Strong team, clear potential.

+1Agree
+1
Disagree
Report
Sydney Ifergan
Marketing Advisor - ICO Advisor - ICO Consultant - Crypto and FX Consultant
Rated on Feb 4, 2018
5
5
4
3%

Medical chain is one of the few project adressing the electronic health record with a relevant blockchain approach. Its medToken prove real usefulness inside its ecosystem, solving data sharing within a telemedecine solution. Medicalchain already have a functional product, proving its hability to ship efficiently. All in all, a good ICO to invest in.

Agree
0
Disagree
Report
Maksym Vysochanskiy
Founder of ICOExpert | Appsmoment | Blockchain Advisor
Rated on Dec 29, 2017
4
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Vladimir Manzyuk
Blockchain/System Analyst
Rated on Jan 8, 2018
4
5
4
3%

In general i want to say - this is a nice project)

- Experienced team
- Exists alpha version
- Solves a problem affecting all of humanity
- Correct use of Blockchain

But.
- The main problem of this project in the filling of data ! So far no company has been able to do this.
I wish them the best of luck with this

And i don't understand this
" 34% will be retained by the company, team, advisors,
founders and future employees. Within this 34%..."
• 10% will have already vested.
• 12% vests over 2 years.
• 12% over 4 years.
• Founders: 15%
• Company development: 8%
• Team, advisors, early backers: 11%

10+12+12+15+8+11=68
Where are remaining 32% ?

And what the diferent between "Future employess" and "bringing partners" ? (Other 31%)

+4Agree
+4
Disagree
Report
Mohammed TayebICO team member replied on 10 Jan 2018
Dear Vladimir,

Thank you for taking the time to rate Medicalchain and convey your thoughts. In response to your queries:

1. Where we can we will use APIs. This is already possible in North America and Europe with the multitude of EHR software vendors. Where we cannot use APIs, we will use AI scanning and OCR capabilities.

2. Perhaps we need to make the 34% clearer:

The split is 15%, 11% and 8% as you mentioned above.
The vesting schedule is 10% already vested, 12% over 2 years and 12% over 4 years.

Thank you and best regards,
Mo Tayeb
COO
Richard Kastelein
Publisher of Blockchain News (EST 2015), Director of Blockchain Partners, Director of Token.Agency
Rated on Feb 9, 2018
5
3
4
3%

There's a few of these medical record projects kicking around but this one is particularly strong.

Agree
-1
-1Disagree
Report
Tobias Schulz
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor
Rated on Jan 10, 2018
4
5
2
3%

As a Blockchain VC I see this idea every few weeks.

What are the doctors incentives to use this technology? Why don't you run a trial with a hospital? Do you have any LOIs/ market validity? Is the data lost if the private key is lost? How are the ICO proceeds distributed and used?

Too many open questions for me, but the name is good.

+10Agree
+10
Disagree
Report
Toomas Allmere
Co-Founder at the Crypto BrainTrust Syndicate (CBTS) - cbtrust.co
Rated on Dec 30, 2017
5
5
5
3%

The healthcare industry involves gathering and checking information from many sources. Formulary checks, patients’ assistance checks, and pharmacy stock checks must all be performed. There are real opportunities to take a decentralized ledger approach, and a smart contract approach to solving those issues. This project is a perfect implementation of the Hyperledger framework. Well done!

+12Agree
+12
Disagree
Report
Mohammed TayebICO team member replied on 10 Jan 2018
Thank you very much, Toomas.
Sebastian Spiteri
Engineer ¦ Co-Founder of Coinounce.com
Rated on Dec 29, 2017
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Paun Gabriel Razvan
Early Bitcoin Holder / Ethereum ICO Investor
Rated on Jan 22, 2018
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Oliver Isaacs
Blockchain Investor, Influencer
Rated on Feb 4, 2018
4
5
4
2%

Strong team, solid vision and whitepaper, product has long-term potential and benefits to society.

Agree
0
Disagree
Report
Stan Milc

Rated on Dec 26, 2017
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Zahid Imran
ICO expert and Advisor, consultant
Rated on Jan 20, 2018
4
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Ricardas Bernotavicius
ICO expert. Investor. Founder at IUNGO.Network and few other companies in MedTech and IoT sector.
Rated on Jan 25, 2018
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Joan Vallès
Wealth Manager and Advisor, Angel Investor
Rated on Jan 10, 2018
4
4
3
1%
This rating's weight is reduced by 50% as there is no review added.
Ivan Zaytsev
Crypto-currency enthusiast, Marketing specialist
Rated on Dec 26, 2017
5
5
5
2%

Awesome!

+3Agree
+3
Disagree
Report
Anurag Rathore
Ico Advisor
Rated on Jan 11, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Vytautas Kaseta
Distributed crypto systems generalist, Social hacker, Next Reality visionary
Rated on Jan 22, 2018
5
5
5
2%

Great vision, serious team of professionals.
Could be one of most promising ICOs.

Agree
0
Disagree
Report
Benjamin Randall
Blockchain Advisor
Rated on Feb 24, 2018
4
4
5
2%

This product is definitely needed. There are many competitors. Medibloc seems to be a bit further ahead as far a current development, but both are still very early in the process.

Agree
0
Disagree
Report
Cem Goksel Ozargun, MA, PMP, CSM, PSPO
Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Business Analyst, Trader, Lecturer, Jack of All Trades
Rated on Jun 22, 2018
4
4
3
2%

A bit FOMO in my opinion. There are already many projects on this field. Do we need another one?

I believe,
Team: 4
Vision: 4
Product: 3

Not a strong project to invest, I pass.

Agree
0
Disagree
Report
Maja Voje
CMO at OriginTrail, First Purpose-built Protocol for Supply Chains Based on Blockchain (22.5 mm raised)
Rated on Dec 25, 2017
5
4
4
2%

Hyperledger is a private blockchain ... ???
The team is strong, but comparing to other projects such as https://iryo.io/- the UVP is not that convincing to me ... (personal opinion) - what about an open source data exchange protocol to really cover this vertical? This is a bold(er) vision in my opinion.

+1Agree
+1
Disagree
Report
Mohammed TayebICO team member replied on 25 Dec 2017
Dear Maja,

This is a permission-based blockchain as different users, being clinicians and patients, will require different levels of access. Patients will be mainly using the platform in a read-only format and the registered and approved healthcare professionals will be able to read and write onto the blockchain.

The blockchain cannot be open or public as users would not want their health records shared or stored on computers held by members of the public.

The nodes instead will be hospitals, universities and non-profit organizations holding the hash or pointers on a blockchain network linking them to the patients' records. This also solves the problem of legislation associated with health data where the data itself needs to remain in the country of origin to remain HIPPA, GDPR (or equivalent) compliant.

We appreciate you complimenting the team, we are fortunate to have a combination of international clinicians, developers and visionaries.

Best regards,
Mohammed Tayeb
COO-Medicalchain
Ricardo Ruiz
Ricardo
Rated on Feb 20, 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Harsh Patel

Rated on Jan 5, 2018
4
3
3
2%

I don’t see point in your platform using Blockchain, even if you guys are using Blockchain Platform, main problem will be of method of data storage.

How secure it is.? Are you using IPFS or distributed Storage to store the data or using Hyperledger or developing your own solutions.? If Yes, what are those? Briefly.

+1Agree
+1
Disagree
Report
Mohammed TayebICO team member replied on 6 Jan 2018
Dear Harsh Patel,

I kindly ask you not to give ratings on ICO Bench just for the sake of it or without understanding the solution. All of the technologies we use are clearly explained in our whitepaper. However, for the avoidance of doubt, we are using Hyperledger to store the hash of encrypted health records, which are subsequently stored in encrypted storage containers, hosted by 3rd parties within jurisdictions compliant to each user.

Thank you and best regards,
Mo Tayeb
COO
Petar Savic
Entrepreneur and SuperConnector
Rated on Jan 28, 2018
5
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Gökhan Koçak
Blockchain enthusiast. Innovator. Leader. International investor. Options and Futures trader.
Rated on Jan 15, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Ahmad Younis
Tech Executive, Advisor and Consultant
Rated on Jan 17, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Jiří Fiala
Naeemur Rahman
Rated on Jan 15, 2018
2
4
4
2%

The product, its intended usage and so on seems quite ok.

What is a little bit strange its the team itself, no people from the industry in the leading positions, not enough convincing technical talent there as well.

Agree
0
Disagree
Report
Tarek Roustom
M.D. and Venture capitalist
Rated on Feb 25, 2018
4
4
3
1%
This rating's weight is reduced by 50% as there is no review added.
Murat Ornek
Engineer, Visioner , Investor , Advisor
Rated on Jan 26, 2018
4
2
3
2%

A forced usage area of blockchain technology. No matter how solid team and product the project has the future success of the project heavily depends on the mercy of establishment.(hospitals, insurance compaies, states etc.)
Business development activites will be key. In this aspect it will be no different then any software supplier except the fundraising model.
Wide adoption in short term seems very difficult and I foresee bigger players in healthcare industry adopting blockchain tech soon which will make Medicalchain and similar projects obsolete.

On the other term as a short term investment it seems very low risk and high hype. Very big community and responsive team.

Agree
0
Disagree
Report
Lluis Saltó

Rated on Jan 2, 2018
4
4
2
1%
This rating's weight is reduced by 50% as there is no review added.
Neer Varshney
Journalist at The Next Web, ex-Cointelegraph
Rated on Feb 5, 2018
4
4
4
2%

The team looks good, and it is easy to see dedication on the part of the team to build up an actual utility token. The roadmap is well defined, the white paper is well written, and there is a scope of innovation in this area with Blockchain! I am sold!

Agree
0
Disagree
Report
Pavlos Tzegiannakis

Rated on Jan 23, 2018
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Farabi Shayor
Technology Researcher | Research Experience Lead | Blockchain Specialist
Rated on Jan 8, 2018
5
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Arthur Zubkoff
FinTech & Marketing Consultant
Rated on Jan 21, 2018
4
5
4
2%

Pros:
+ Much needed solution for hospitals and other healthcare institutions
+ Experienced team with NHS background and Oxbridge qualifications
+ Initial product (alpha)

Cons:
- No clearly defined developer team
- Potential difficulties entering the market in different countries due to regulations
- Prone to other competitors overtaking the idea if technology is not executed correctly (no mention of utilising Zero-Knowledge or Homomorphic Encryption)

Agree
0
Disagree
Report
Vladimir Grinevsky
Professional in Marketing and Strategy planning
Rated on Jan 13, 2018
2
4
3
1%
This rating's weight is reduced by 50% as there is no review added.
Maxim Kiselev
Investment banking and Compliance professional. Cryptocurrency enthusiast.
Rated on Jan 16, 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Gabriel Llambias
CFO-COO, Trader
Rated on Feb 20, 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Remigio Bongulielmi
COO at Eden Block Capital
Rated on Jan 29, 2018
5
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Sarva G Mada
Founder & CEO
Rated on Jan 6, 2018
4
4
3
1%

From a medical standpoint the team has the knowledge and knowhow to execute the product but it needs to be seen from a company scaling standpoint how the core team management team demonstrates leadership but I am rooting for them.

Excellent use of the blockchain and good utilization of DLT. It makes me feel happy when the blockchain technology is being exploited for what it is.

From a vision perspective there are already companies on Saas doing something similar in centralized environments but the utilization of blockchain is the best aspect and I believe this will be accepted well in the medical community.

From a product perspective since its more in a early alpha stage, the product needs to consolidate and prove its working feasibility once its moved to beta.

Overall I love this company.I wish everyone on the team a lot of success.

+1Agree
+1
Disagree
Report
Mohammed TayebICO team member replied on 10 Jan 2018
Dear Sarva,

Thank you very much for your rating and comments. We are planning on several pilots between US and UK clinics to demonstrate the capability of the software and the blockchain network and how we can move records easily. Please stay tuned and thank you for supporting the project.

Best regards,

Mo Tayeb
COO-Medicalchain
Charles Nader
Entrepreneur, Blockchain lover, Speaker, Healthcare CEO
Rated on Feb 10, 2018
3
2
2
1%

A whitepaper ICO. No product or service yet. Dont really see a difference between this and medichain.

Agree
0
Disagree
Report
Amit Yadav
Blockchain Investor, Early Miner and CryptoCurrency Evangelist
Rated on Feb 20, 2018
4
5
4
0%
This rating's weight is reduced by 50% as there is no review added.
Stan Matyukhin
Mr
Rated on Jan 21, 2018
5
5
3
1%

Great idea which can really use the advantages of blockchain

+2Agree
+2
Disagree
Report
Alejandro Gómez de la Cruz
Blockchain Lawyer. CEO at Icofunding.
Rated on Jan 28, 2018
4
5
4
0%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
3.4
10%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Add to bookmarks
ICO KYC Report
2 members invited
Mohammed Tayeb
Passed
Abdullah Albeyatti
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

ICOs that might interest you

3.8

MADANA

MADANA is a platform for data analysis that uses Blockchain technology allowing partici...

4.1

MEDICOHEALTH

Medicohealth Platform will allow for fully anonymous, safe, and efficient communication...

4.4

FarmaTrust

FarmaTrust, a software solution based on a public blockchain to secure the supply chain...

4.2

Embleema

Embleema's live blockchain lets patients own their digital health data, opt in to clini...

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it