Yield Authentication through Data Tracking
Last updated
Last updated
Medimint employs a robust and transparent data tracking mechanism to authenticate the yield generated by radiology machines. This process ensures every scan's revenue is traceable, verifiable, and equitably distributed, thereby reinforcing trust in the ecosystem. Here's how it works:
Data Capture at Source
• Advanced radiology machines like MRI and CT scanners capture detailed diagnostic data during each scan. • Machine usage data, including timestamps, scan type, and patient demographics, is logged in real-time using DICOM (Digital Imaging and Communications in Medicine) standards.
Secure Transmission via HL7 Protocol
• The HL7 protocol transmits scan and billing data securely to connected diagnostic software. • This transmission includes vital information such as patient details, scan type, and associated costs, ensuring consistency and accuracy.
Integration with Blockchain
• Once the data is processed by the diagnostic software, it is synchronized with Medimint’s blockchain. • Blockchain immutably records every transaction, including scan completion, billing, and revenue generated. Each entry is cryptographically secured and timestamped to prevent tampering.
Real-Time Verification
• Medimint’s system provides stakeholders with real-time access to machine performance and financial data. • The dashboard showcases metrics such as the number of scans performed, revenue per scan, and cumulative earnings, allowing stakeholders to verify yields instantly.
Smart Contract Execution
• Blockchain-based smart contracts automatically calculate and distribute yields based on pre-defined rules. • These contracts ensure that revenue is allocated accurately among stakeholders without manual intervention, eliminating errors and delays.
Transparent Reporting
• Stakeholders can review detailed reports on yield generation, including machine activity logs and financial summaries. • This transparency enhances trust and accountability across the ecosystem.
Compliance and Data Security
• Medimint’s data tracking mechanism adheres to global standards like GDPR and HIPAA, ensuring sensitive information is protected while maintaining operational integrity.
This end-to-end process guarantees that every transaction is authenticated, enabling Medimint to deliver reliable and transparent yield tracking to its stakeholders. Let me know if you’d like to expand further!