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TechnologyIamA Co-Founders of Medicalchain - Blockchain for Electronic Health Records and Telemedicine - Dr Abdullah Albeyatti and Mo Tayeb, here to answer your questions AUA!

Jan 21st 2018 by medicalchain • 6 Questions • 98 Points

Hi everyone,

Medicalchain Co-Founders CEO Dr Abdullah Albeyatti and COO Mo Tayeb will be personally running this AMA. Feel free to ask any questions and vote on others according to your interest. Dr Abdullah and Mo will be answering questions through the next few days and will get to as many as possible!

My Proof: https://twitter.com/medical_chain/status/955028032133173248

Proof

ABOUT

Dr Abdullah Albeyatti MBBS BSc MRCS (ENT)

Linkedin Profile (https://www.linkedin.com/in/abdullah-albeyatti-mbbs-bsc-mrcs-ent-49916973/)

Dr Albeyatti graduated from UK Imperial College London as a doctor, gaining the majority of his experience in surgical training, then moving on to a GP training contract.

Dr Albeyatti initially founded Discharge Summary – an application used in hospitals to generate accurate medical reports on patients. He later co-founded Medicalchain and plays a key role in the development of blockchain technology, to suit the needs of the global patient and health professionals.

Dr Albeyatti is an inspiring speaker, that is passionate about improving quality of health and social care around the world.

Mohammed Tayeb MBA

Linkedin Profile (https://www.linkedin.com/in/motayeb/)

Mo Tayeb is the Co-Founder and Chief Operations Officer of Medicalchain. He is a graduate from Brunel University from where he obtained a degree in e-commerce. He also holds an Executive MBA from University of Oxford, Saïd Business School. As a professional, he has a wealth of experience as an internet entrepreneur and investor. His experience in business spreads from being the founder of technology and finance to having played an active role in the development of the e-commerce sector.

He has held senior positions in companies such as Morethan.com, one of the UK’s largest personal insurers, where he served as Head of Development. Prior to that, Mo was the managing director of a boutique consultancy business which specialised in the field of mobile web and application development. At the time, he was active in the development of 8 games and utility applications on the Apple App store resulting in of millions downloads.

Mo has a very active and successful track record in the technology sector. He has provided technical knowledge, capital investment and advice for a variety of start-ups, acquisitions, mergers and corporate-restructurings for organisations involved in technology led projects, where he has very often served as a director or senior adviser.

He is a partner at Hearn Capital and a non-executive director on the board of Salic (UK), an agricultural investment company.

Q:

So you're blaming poor people for their higher rates of obesity, and not at all the fact that they live in food deserts and can't afford to make healthy meals? I mean correct me if I'm wrong, but that's essentially what I glean from your comment.

A:

Abdullah: How have we got to talking about poor people and food deserts? This is a company focussed on improving communications between patients and doctors. I think you are misinterpreting my comments on purpose and I really can't do anything about that.


Q:

Yes, that's why he's trying to get you to defend why your opinion should be accepted instead of his using argumentation.

A:

Abdullah: I don't have anything further to add to my comments above. We are a company focused on improving health data communication for its users. I can't answer questions about ethical longstanding problems with our society such as why is fresh fruit and meat more expensive than fast food and so forth.


Q:

Hi there,

It seems as though your Discharge Summary application is currently in use in NHS trusts. Is part of your roadmap to roll out MedicalChain into these places too? And how do you go about getting hospitals to adopt the application, are you already in talks with the NHS core (as opposed to trusts)?

A:

Abdullah: We have provided access to the Discharge Summary application free of charge and are continuing to support more hospitals as time goes by. We would love to onboard the same hospitals in the UK and others with our Medicalchain platform. However, the NHS, like most large organisations is a very slow moving beast therefore we have taken a bottom up approach. With Discharge Summary we let the junior doctors use the system first, in time this was accepted and adopted by the heads of departments and became the standard. We want to on board patients and doctors as soon as possible to improve scalability and establish Medicalchain's use. Saying that, we are still talking to decision makers in the NHS to start the ball rolling. Trusts make decisions over several hospitals so would be the best to tackle. We have Dave in our team who was the Head of IT at Salfords Hospital Trust and I myself sit on a board at NHS Digital so we have some connections already.


Q:

Hello,

I believe your idea is great, I just wanted to know - is it a blockchain protocol you're creating, that can run independently (at some future date) from the existing platforms (Ethereum, Neo, EOS etc) or will you exclusively run on a particular platform?

DO you have any pilots planned within Australia too? There may be some Hospitals that are very interested.

Finally, can you summarise your token metrics, being transparent about amount raised during Private Sales, Public Sales and the soon to happen ICO, disclosing any bonuses that occurred during each of the rounds.

Thank you

A:

Mo: Thanks for your questions.

We are not creating a blockchain protocol. Instead we are building the Medicalchain platform as a consortium blockchain run on Hyperledger Fabric and using an Ethereum token.

We are getting a lot of support from Australia. We endeavour to launch pilots there but at this time we will start with UK and US.

Sure, we will give details soon after a press release. Essentially we ran a public pre-sale, where between 2,000 - 3,000 individuals participated along with several funds. We've raised most of the $24M (the hard cap) and there is some room we've left for the ICO. The pre-sale price started at $0.10 per token back in September 2017 and kept incrementing. The ICO price will be $0.25 per token. At the end of the ICO more or less every participant will have paid within a 20% delta for the token when you factor the increase we've seen in BTC and ETH.


Q:

How would your strategy change if Big Data is redefined as a natural, renewable resource?

Or the implications of protecting Big Data as a public trust?

What do you think of a scenario where PHI generated by personal devices is used in mass research, with the intention that the research is used to fund a Basic Minimum Income?

In the USA I have the right to revoke consent from a BA without revoking consent from my healthcare provider. For example if I find my doctor supports Trump I can revoke medical consent from the medical records software corporation as a form of protest (ie the doctor cannot deny me services but they cannot use their choice of software to access my record).

This implies that public data sources such as political donations or Big Pharma kickbacks can be used by patients en masse to protest.

How does your software accommodate the rights of the patient to disrupt communications between Business Associates?

A:

Mo: We do not see Medicalchain as a big data company. The data is being used to provide convenience and accuracy between two or more parties. Because it is a permissioned blockchain, the data is not available to anyone but those the patient gives access to. So the short answer is our strategy would be indifferent. With regards to your last question, do you mean people selling their PHI for mass research and earning a basic minimum income? If so, I don't see this as being viable.


Q:

Not PHI as in "medical record" but PHI as in "any body of information from multiple sources that can be used to identify an individual and their health services" for example in Illinois the law changed last year to protect data generated by personal devices. Therefore an Illinois resident is able to potentially claim that their Fitbit or Apple watch is a medical device/service and the data is protected as PHI.

Under that circumstance, would you consider it viable for an income to be established from the licensing of that data?

I feel strongly about data as an infinite, renewable, natural resource and wish to find a way to change the paradigm so that people consider the wealth they produce when they interact with technology.

A:

Mo: I still wouldn't consider it to be viable for an income to be established at this point.