08 Feb Timicoin First Mobile Platform to Deploy Blockchain Technology to Store and Access Medical Records
Mr. Lower discusses the first cryptocurrency blockchain mobile platform for storing medical records that can be safely accessed from anywhere.
MedicalResearch.com: What is the background for this announcement? Would you briefly explain what is meant by blockchain technology? How does it allow for more efficient storage and transmittal of encrypted medical records?
Response: We do not store the data on any cloud storage to avoid any threat to data security and server overhead for data processing as well as to avoid temporary potential data unavailability.
When a certain kind of data is queried by the consumer, our cloud engine first passes on the query to each of the providers (our gateway applications that are running on their node) and see if there are enough query results, it shows a sample to the consumer and if consumer decides to pay, it creates a Blockchain channel between the providers and the consumer that queried the data and all the provider nodes propagate the queried data onto that channel.
So a common trust is built between the nodes and the consumer on that Blockchain channel and the shared query stays there as the trust builder. Then the consumer can anytime access the data needed from that blockchain channel.
MedicalResearch.com: How does bitcoin mining work?
Response: We know how popular it is getting for people to trade bitcoin or to sell bitcoin to paypal so we thought we would go along with the trend. Timicoin payment system works on a separate blockchain from the Data system and is a mineable Blockchain system. We are using SCrypt based mining system right now and will upgrade to other Mining algorithms in future if required.
Once the Timicoin blockchain is live, the code will be open on Github and any miner can fetch the code, setup their own node and start mining with that.
MedicalResearch.com: What recommendations do you have for future research as a result of this work?
Response: We are not planning any mining pool right now as our focus is on the Product technology and Timicoin is the fuel that powers the reward and payment system.
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