Place/Date: Grand Cayman, Cayman Islands - March 21st, 2018 at 5:35 pm UTC · 2 min read
Contact: James Todaro, MD, Source: MedCredits
MedCredits is building the first decentralized public registry of physicians soon to be accessible by a global network of healthcare apps. Applying cutting-edge ID verification and KYC technology, Civic is making self-sovereign identity on the blockchain a reality. A partnership with Civic brings the trusted identity layer to MedCredits’ physician credentialing solution.
Dr. Moshe Praver, COO of MedCredits, describes the first-of-its-kind physician registry
“Token-Curated Registries are the perfect use-case for blockchain technology. For the first time in history, the token economy allows the creation of decentralized registries of professionals. With the first decentralized registry of licensed physicians, we aim to be the base layer of any healthcare app that seeks a pool of doctors. The impact of this is enormous.”
Civic CEO Vinny Lingham echoed the value of a partnership with MedCredits stating,
“This collaboration marks a milestone for Civic’s ecosystem in providing secure and low-cost access to identity verification services in healthcare. With Civic, MedCredits can ensure that the physicians submitting credentialing documents in the MedCredits registry are the actual owners of the documents while simultaneously preventing identity theft on the network.”
MedCredits consolidates physician credentialing into a single, public registry whereby a global network of independent reviewers verify documents in exchange for MedCredits’ native token (MEDX).
A Civic and MedCredits partnership not only reduces the cost and inefficiencies of professional credentialing, but also creates a global shared pool of licensed physicians allowing healthcare apps to work in greater synergy.
MedCredits is the first decentralized healthcare platform connecting patients and doctors worldwide for medical services. With its cutting edge Token-Curated Registry (TCR) of physicians, MedCredits creates a free-market ecosystem that provides more affordable and efficient healthcare than currently available. The first software release ‘Hippocrates’ is a user-friendly app released in December 2017 that uses MedCredits’ TCR to connect patients with skin ailments to dermatologists for fast diagnoses at a fraction of the cost.
Civic is a visionary blockchain identity-verification technology that allows consumers to authorize the use of their identities in real time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure, and low-cost access to identity-verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity-verification-related services. The company sold $33 million of its tokens during its token sale event in June 2017.
Disclaimer: MedCredits is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.