How Medimint Token Works

The Medimint Token transforms the operations of high-value medical equipment into a blockchain-enabled ecosystem, ensuring transparency, efficiency, and trust. Here’s how it works:

Radiology Machine Operations: Advanced radiology machines such as MRI, CT scan, and ultrasound devices perform critical diagnostic scans. These machines generate revenue from patient usage, with each scan contributing to the operational yield of the equipment.

HL7 Protocol Integration: The HL7 protocol is employed to securely transfer data from the radiology machines to connected software systems. This protocol ensures that patient billing, scan details, and diagnostic reports are accurately and securely recorded, maintaining compliance with global healthcare standards.

Blockchain-Based Tokenization: The revenue generated by each machine is tokenized into Medimint Tokens. Each token represents a proportional share of the machine’s operational earnings, enabling transparent tracking and equitable distribution of funds among stakeholders.

Real-Time Data and Analytics: The Medimint platform provides stakeholders with realtime analytics, showcasing machine performance metrics such as usage rates, revenue trends, and operational efficiency. This data is accessible via a user-friendly dashboard and mobile app.

Revenue Sharing Mechanism: A portion of the revenue generated by the equipment is distributed among stakeholders, including healthcare providers, operational funds, and token holders. The blockchain framework ensures automated and tamper-proof revenue sharing, fostering trust and reliability.

Lifecycle Management: Each Medimint Token is tied to a five-year operational lifecycle of the equipment, ensuring sustained value generation. At the end of the lifecycle, token renewal options allow stakeholders to continue participation in the ecosystem. By integrating these elements, Medimint creates a secure and scalable system that optimizes equipment utilization, promotes transparency, and ensures equitable distribution of benefits across the healthcare value chain.