Medimint
  • 👨‍⚕️Welcome to Medimint
  • Table of Contents for Medimint
    • Executive Summary
      • Introduction to Medimint
      • Vision and Mission
      • Unique Selling Proposition (USP) of Medimint
    • Market Opportunity in Healthcare Industry
      • Overview of Medical Treatments in Healthcare Industry through Medical Equipment Market
      • Radiology Equipment Adoption & dependency in Healthcare Industry
      • Opportunity for Tokenization for Healthcare
    • Problem Statement
      • Limitations of Traditional Models for Equipment Ownership and Revenue Sharing
      • Lack of Transparency in Transaction Tracking
      • Lack of deployment of more machines Verse high demand
    • Solution: The Medimint Token
      • Concept Overview
      • How Medimint Token Works
      • Advantages for Investors, Healthcare Providers, and Patients
    • Technology Framework
      • Blockchain Technology: A Foundation for Medimint
      • HL7 Protocol Integration for Transaction Transparency
      • Machine-Software Connectivity Process
      • Yield Authentication through Data Tracking
    • Tokenomics
      • Token Type and Structure
      • Initial Token Supply and Allocation
      • Profit Sharing and Yield Distribution Mechanism
      • Return on Investment Mechanism
      • Token Renewal Post-5-Year Lifecycle
      • Medimint Pool Expansion Strategy
    • Revenue Model
      • Revenue Model
      • Additional Revenue Streams from Machines
      • Investor (Token Buyers) Yield Calculation: Real-World Example
    • Platform and Mobile Application
      • Features and Functionalities of the Medimint Platform
      • Real-Time Tracking of Token Statistics and Yields
    • Market Expansion Plan
      • Hospital and Equipment Enrolment Strategy
      • Future Geographical Expansion
    • Compliance and Legal Framework
      • Token Classification as a Security Token
      • Adherence to Local and International Regulations
      • Data Security and Patient Privacy (GDPR and HIPAA Compliance)
    • Roadmap
    • Risks and Mitigation Strategies
    • Exchange Listing and Trading Plan
      • Strategy for Crypto Exchange Enrollment
      • Liquidity Management
      • Token Trading and Market Integration
    • Conclusion
      • Summary of Medimint’s Value Proposition
    • Appendices
      • References and Supporting Data
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  1. Table of Contents for Medimint
  2. Technology Framework

Yield Authentication through Data Tracking

PreviousMachine-Software Connectivity ProcessNextTokenomics

Last updated 26 days ago

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:

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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!