Medichains Blockchain Solution for Medical Equipment Fraud Prevention

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Medichains utilizes blockchain technology to combat durable medical equipment fraud by providing a secure and transparent record of maintenance and usage history. This innovative solution offers peace of mind to all parties involved, eliminates uncertainties, reduces international fraud risks, and eliminates the need for brokers. Through meticulous documentation on the blockchain, Medichains acts as a trust mechanism and universal record for medical devices, enhancing market transparency and facilitating trust among users.

  • Blockchain
  • Medical Equipment
  • Fraud Prevention
  • Trust Mechanism
  • Transparency

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  1. Medichains vision adds value and provides peace of mind Business Problem: Durable medical equipment fraud Second Buyer Hospital Manufacturer Manufacturer Hospital Hospital Secondary Buyer Bundled Warranty and (sometimes) maintenance program Peace of mind, but at a cost Warranty & maintenance history uncertainty International fraud no/low recourse If broker involved, significant fees Solution: All parties benefit, via meticulous documenting of use, maintenance, and upkeep on the blockchain. Rich immutable data history wards off fraud. Medichain, CARFAX for Medical Devices using block chain BOS

  2. Medichains blockchain provides an underlying trust mechanism and universal record Medichain s blockchain is: Universal record removes issue of cross-system incompatibility and permits international trade Distributed Ledger Private Restrictions on reading transaction data (which will be encrypted) and submitting transactions for inclusion into the blockchain. Open write access Manufacturers, service providers, and technicians can write items to the chain Permissioned Transaction processing is performed by a predefined list of subjects with known identities (registered medical providers) Consensus = Trust Trust reduces market friction and can limit otherwise beneficial transactions Connected Utilizing pre-certified fully integrated Wi-Fi connectivity solutions, with embedded modules and software. This allows for real-time updates Replaces broker role Provides better information than a broker, without the broker fee Value is no longer extracted by brokers and misinformation; all parties gain from access to rich data Grants value BOS Case Interview Wkshop 2004 - Dartmouth

  3. Medichains ease of monetization and value add to a growing industry positions it for success Monetization Strategy Pay now for ongoing benefits 1 2 Market maker & facilitator Provides a platform which matches buyers with sellers, taking a 1% fee Manufacturer incurs tiered set-up fee at assembly line (.5%-2% depending on price) Allows brokers access to its for sale database for $5000/mo. Provides device owners and manufacturers with anonymous comparison data (usage, service requests, etc.) for $5000/year Write access is sold to permissioned parties for $150 per entity: technicians, service providers, etc. Manufacturer and owner have view access A large stable growth market United States remains the largest medical device market in the world with a market size of around $148 billion Global Counterfeit Medical Device Market: $23.73 B Global Reprocessed Medical Devices Market Set for Rapid Growth to Reach around $4.02 B by 2021 Case Interview Wkshop 2004 - Dartmouth3 BOS Case Interview Wkshop 2004 - Dartmouth

  4. Medichain technology can easily be applied to other industries and is attractive to buyers Expansion potential High exit valuation No direct competitors Replaces indirect competition Provides value to all parties involved Technology is applicable to other use cases with minimal need for additional spend Strategic buyer will possess first to market advantage Aviation or maritime equipment Other high- value equipment Strategic buyer Private sale to PE IPO Realestate BOS

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