Generally, when one thinks of blockchain the first thing that comes to mind is cryptocurrency. And this has hitherto been the best executed and most quickly adopted implementation of the blockchain. So, you might be forgiven. However, the fact that it has found the great majority of its success in one field does not preclude the fact that it might be even better adapted for another.
The blockchain allows for logical, seamless tracking of modifications and access to a piece of data. The ledger is essentially the perfect way to keep records and keep track of who has changed or access those records.
And at eHealth First we believe that the Blockchain is the ideal system for the management of healthcare records – even beyond just healthcare records, the blockchain could indeed lead to a veritable revolution of the healthcare industry. In much the same way that it is currently revolutionizing the financial industry.
The healthcare industry is currently facing a myriad of problems
The primary problem, and the one from which many of the following problems stem, is data asymmetry and lack of medical records continuity. Medicine is extremely specialized today and in the course of dealing with a single health problem, you will likely see several doctors. These doctors will build files on you and make decisions based off the data they have (generally you are required to fill out formulas or provide a paper copy of your medical record). Each doctor builds a file inserting his own findings, tests, etc. However, there is no one master copy! Every doctor builds a new file or is working off a partial file. Doctors cannot make well-informed decisions without all of your medical history.
This lack of communication between all nodes of interaction leads to massive problems with record continuity. If you are going to a specialist and you bring a copy of your record from your family physician but he’s missing the data on a compound fracture you had treated near the ski resort, then there is a large, potentially important, gap in the data.
This negatively affects wait times, cost, and quality of treatment
Since the doctors do not have all the data they might need, the wait times are going to be longer and the cost higher as they double check, re-verify, or even miss a problem and have to redo something or redevelop a treatment plan. Holes in your medical records are no joke. And the stakes can be high.
Luckily there is a solution
There is no central medical authority for keeping records in most countries, this makes the blockchain’s decentralized but secure aspect an ideal way to share, manage, update, and use medical records within the context of today’s healthcare system.
eHealth First offers a blockchain-based solution to this almost ubiquitous problem. By linking health records to the blockchain they can be used across today’s distributed healthcare network and accessed by doctors who don’t know but still need to see their work. This will lead to fewer tests having to be reproduced, fewer complications arising from medications, shorter wait times, and more accurate diagnoses of present problems in the context of past issues. Due to the nature of blockchain the time, date, and location of updates to the record will naturally be included as well allowing a doctor to build a timeline of your health history.
If there is one industry in the world that is particularly suited to the uniquely secure-but-distributed nature of the blockchain, it is healthcare.
But records are just the tip of the iceberg.
Record access at record speeds
One of the key features of eHealth First is the mobile applications. eHealth First wants to revolutionize global healthcare, not just health care for a rich elite. And while the majority of the world might not have a tablet or laptop computer, the great majority do have smartphones.
Using smartphones to access health records and information not only allows for unprecedented ease of access (courtesy of the blockchain) in both the developed and developing world.
Even better, in areas where the healthcare system is still being built, it allows for a potential technological ‘leapfrog.’ This is a phenomenon that occurs when a developing country, due to its lack of existing infrastructure, skips directly to the most advanced available. This has been seen in Africa with cellular technology. Very few expensive landlines are laid because one cell tower can be built for a fraction of the cost and provide magnitudes greater freedom and service.
The same potential ‘leapfrog’ could happen in developing countries. The healthcare system
could be built around this greater, decentralized access to health care records and data.
Longevity, a goal and a problem
The world is living longer and longer and that means that health records are getting longer, too.
And with them, the bills.
The world is currently experiencing an explosion of the population of the aged and aging, and a whole slew of problems are coming to light that has never before been experienced. Modern medicine has made commonplace what was once a rarity: old age.
However, many nations are struggling to deal with their burgeoning grey populations, with East
Asia at the forefront of what has been described as ‘the second demographic transition.’ Large populations of aged people with long, complicated healthcare histories and a slew of medications and conditions, can be a nightmare to manage. And that’s not to mention the cost.
eHealth First’s system is uniquely suited to tackle this problem as the management of healthcare records is uniquely crucial with aged folks. The complications that can arise from not having a complete medical history are both much more numerous and much more likely to be deadly. So, keeping the treating physician up to date is absolutely crucial to effective treatment.
But longevity is not a problem if it is correctly managed. In fact, for eHealth First, it is a goal. We believe that our system will not only lead to better treatment of problems but also help prevent them to begin with. A person who is more aware of his medical history is more aware of his risks and what steps need to be taken to improve his situation. Or, at least, what should be avoided.
Even further – the medical revolution continues
eHealth First is more than just an implementation of the blockchain in the realm of healthcare and the fabrication of a super easy-to-use application by which users and doctors can get unfettered access to the data they need.
eHealth First is a platform on which a multitude of other cutting-edge healthcare technologies is to be implemented. First and foremost is the implementation of natural language processing for the record, report, and study analysis. This could greatly cut down on the time a doctor needs to spend looking through the records as the information he needs could be sought out by the platform itself. Medical studies and research are also potential targets of this technology bringing up the latest data so the doctor can make the best-informed decision possible about even the most complicated of cases.
eHealth First Project has high financial indicators, naming (for the conservative scenario) NPV(12%,10 y)=600 mln USD, IRR>50%, EV(Y2023)=1.4 bln. USD.
Our well-developed team (21 professionals from 8 countries) is headed by Nickolay Kryuchkov, an entrepreneur, researcher, and medical doctor, and consists of experts in biomedical systems Arnold Mitnitsky and Sviatoslav Plavinsky, consultants in Health care and Public Health Policy Daria Khaltourina, Nick Guldemond, Edwina Rogers and Artem Gill, a biomedical gerontologist Aubrey De Grey, experts in genomics, longevity and aging João Pedro de Magalhães, Kalluri Subba Rao, Oliver Medvedik, physician and clinical researcher Lyle Dennis, researchers and engineers in blockchain development, machine learning, artificial intelligence Eray Ozkural, Artemy Malkov, Keith Comito, attorney at law Paul Spiegel, financial expert Victor Solntsev and more.
This is an ambitious project that requires the combined skills of experts in many different fields and the careful synthesis of their competencies into one unified platform.
The eHealth First ICO
The EHF token is of the ERC20 standard. The ICO will begin soon. A soft cap has been set at 8,000 ETH.
The private placement phase of the ICO is in full gear. You can currently buy tokens at the lowest price they will ever be available with huge bonuses.Bonuses of 45-70% are available.
You can participate at www.ehfirst.io
The Pre-ICO will begin March 18th and end April 18th. Bonuses of up to 40% will be available.
Join Twitter, Telegram, Facebook, and subscribe to YouTube Channel (a new videoclip every day from Monday to Friday).
Read the White Paper for all the details.
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