MediChain SWOT Analysis (Life-Saving ICO!)

in #cn7 years ago

MediChain is a blockchain-based product that allows users to store medical data on it and then to have the ability to access it anywhere, anytime.

The platform also acts as a marketplace for the sale and purchase of that data.

Read on to learn about this project’s strengths.

Part 1: MediChain SWOT Analysis

SWOT analysis sheds light on the potential of a potential project.

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Strength.png

MediChain offers transparity, efficiency, and many more goodies, but all such traits are its value offerings.

MediChain's strength is the fact the product is a platform. The team behind MediChain simply needs to provide a comfortable user experience and the masses will follow. Moreover, given the internal economy a platform can build, and the fact that medical research is a highly lucrative industry, users will be incentivized by the needs of companies to make MediChain the greatest hub of medical data ever. And MediChain itself won't need to exert any effort to hone that data in; it's simply providing the ecosystem where such data's utility and provision will thrive.


Weakness.png

Given that the masses will be incentivized to provide a sellable resource--data--on MediChain, low quality participants may abuse the system.

However, that isn't an unseen factor. Google searches are generally litered with spammy content once any searcher crosses the first few pages.

The transparency of the blockchain will play a powerful role in allowing the ability to pin-point and shun the abusers.


Opportunity.png

Billions of people have a record of medical data and this extremely valuable resource sits idle developing no monetary value for the owners of the data or the medical community. The medical community in the world expenses 100s of billions of dollars on research and they desperately need access to data.

MediChain has pinpointed an evident demand that is surprisingly unfulfilled as there is plentiful supply available across the world.

MediChain is merely connecting an existing demand with an existing supply, and the market efficiency it is creating with this seemingly simple concept is priceless.


Threat.png

Given the novelty of crypto currencies, many view tokens as a mystic entity and are very averse from to the notion of owning them.

It is therefore imperative that the platform presents MCU tokens as native platform access tokens first and crypto assets second to the general audience of users.

Additionally, an internal extension to trade the MCU tokens will play a powerful role in the public adoption as the ease of entry and exit will be prominently visible.

MediChain is a revolutionary platform for the medical world; be a part of it with the currently active token sale.

Part 2: Essential Information

🌐 Website: http://medichain.online/
💡 Whitepaper: https://medichain.online/wp-content/uploads/2018/03/MediChain-ICO-Whitepaper_v1.08.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2798374.0
💻 Telegram: https://t.me/medichainonline_group
⌚️ Token Sale: LIVE NOW
📃 Ticker: MCU
👂🏻 Token Type: ERC20
🔗 KYC: YES
💰 Accepts: ETH; BTC; LTC; USD
👔 County: Hong Kong

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As a first impression it is helpfull. What I am curious about is, how the data could be used without hurting privacy. Information about the health status always create a certain profile. Where the users are from, age, gender, work-status etc.

Hi, thank you for taking the time to share your thoughts!
The users of the platform are in full control of whether they want to share the data, and how much privacy they want to sustain (by controlling the degree of anonymity).

I have a detailed post on that; Read it here :)

Thank you for your answer, the link, the work, the time and effort you put in that content.

You are very welcome!
I deliver a similar level of quality on a regular basis. Please follow to keep up :)