At present, the development ofphilanthropy has gradually matured in the world, but the credit issue behindphilanthropy has not yet been well resolved. As a result, more and more companieshave explored through various means to reduce the shortfalls in philanthropyand health care. MediShares isone of the popular exceptions in this area because it aims to build the world’sfirst mutual market through blockchain technology. Embedding trust intransactions will help increase the overall efficiency of insurance companiesand reduce operating costs.
1. The Ethereum-based decentralized, open,mutual-support market hopes to unite the blockchain and the medical industry.
Anyone in the world can join mutual aidprograms by sending MDSs tosmart contracts related to joint ventures. In addition, anyone can become amutual insurance company by using the provided smart contract template.
2. Technical aspects of MEDISHARES
Since MediShares is based on Ethereum, itwill provide and use directly the features that the system can find. Its smartcontract technology will allow trusted scenarios to be generated because alltokens are locked by the corresponding code. In addition, it ensures lowoperating costs, which at the same time provides protection for users andmutual assistance.
3. MediShares coin will adopt adecentralized autonomous organization model.
No central institution is required toensure that the ecosystem behaves would as people’ expect. Because every personwho provides insurance is eligible to receive MDS awards from the market, thismakes it necessary to create an incentive system, while at the same timeinsurance companies get rewards and compensate them for their time and effort.
Another clear feature of the project isthat the MediShares platform's policyholders can share profits and values with other members ofthe community.
The future of MEDISHARES
The lowest viability product of MediSharesis currently in the final stages of development. With the implementation ofsidechain technology, iOS and Android application development will begin in thesecond quarter of 2018. Further security audits and testing will be releasedlater this year. If only from the price point of view, if the MediShares coinprice rise is still a long way, at least after EOS.