Medipedia will use blockchain technology to make the most transparent and decentralized medical information system in the medical tourism industry.
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The medical tourism/service field is currently troubled by the following four agent problems, and no platform is available to solve them.
Brokerage Expenses: An agent exists to ensure reliability between the consumer and provider of health care. But it leads to complicated processes and high brokerage expenses.
Central Agency Incompetence and Corruption: Medical tourism consumers and medical institutions must comply because the agent has control of information and currency transactions. In the end, if an agent is incompetent or corrupt, it hurts all participants.
Hacking: Since all information and books are concentrated in one place, it is easy to become the target of hacking.
Trust Issues: Medical institutions and consumers lack the space to build trust, which in turn leads to a lack of trust in each other.
Using blockchain technology, Medipedia will provide a platform to solve these problems. Building upon this, it also will create a new ecosystem of medical tourism services and solutions.