What Are Docademic and Medical Token Cryptocurrency?

It is estimated that the global healthcare market processes fiat transactions that range between $1–2 trillion on a day-to-day basis. The crypto sector is comparatively smaller, as its daily transaction volume stands at around $2 billion. While there are more than 55 countries across the globe that provide their citizens with universal healthcare, there are still more than 100 nations that don’t offer universal or free healthcare infrastructure to their people.

Docademic is an all-new globally-sourced healthcare service platform that is available to everyone. It makes use of a free-to-use human doctor-AI assisted video telemedicine service that has already been utilized in over 20 countries by thousands of users. It comes with an associated suite of AI-assisted tools as well as a social network that helps connect doctors and medical professionals with each another.

According to the whitepaper, the aim of Docademic is to provide customers across the globe with a certain level of free healthcare. This is achieved by integrating cutting-edge technology with conventional medical wisdom which is then brought to life by the power of the blockchain.

The native Docademic App has been constructed atop Docademic’s existing patient data routing system. It is assisted by a host of AI-enabled technologies that are simple in their design and serve as a quality resource for anyone with existing health-related issues.

Overview of the system

  • Docademic features a one-touch system that connects patients with a qualified doctor via a video telemedicine service for free.
  • It can be used by customers who hail from any country worldwide.
  • All patient information is securely stored on a blockchain.
  • The user interface is simple to use and is highly visually-oriented, allowing novice as well as advanced customers to make use of this platform.

Key Features

For starters, the Docademic Platform provides practicing healthcare professionals with a network that allows for seamless:

  • Ongoing medical education
  • Patient referrals
  • Fast-tracked service delivery

Additionally, the system also provides doctors with a set of advanced tools that can assist them with their practice and help them in reporting real-time epidemiological data to their clients.

Overview of the Docademic ecosystem

Other key aspects of this platform include:

  • Docademic provides users with automated AI-driven treatments and diagnostic suggestions based on their individual case requirements.
  • It allows patients to access preventative medicine as well as advanced proprietary tools such as an AI-assisted electronic health record system and a digital vademecum.
  • The Docademic ecosystem is governed by a universal native token called MTC. It serves as the fuel that powers all of the services Docademic has on offer.

Visual representation of the platform

The Docademic App features an easy-to-use interface that aggregates the services of all its AI-driven modules. They can help assist human doctors by allowing them to dole out medical guidance as well as follow up on treatment through the power of the blockchain.

Lastly, this service solves two of the most pressing problems that limit patients within the world of healthcare:

  • Accessibility to healthcare silos
  • Underserved markets

Key offerings of Docademic

Accessibility silos are pockets of healthcare providers—such as hospitals and clinics—that exist in certain locations where quality medicinal services are not readily available. Similarly, underserved markets are markets that exist in isolation and are not wealthy enough to support the cost of traditional medical services.

How it works

Underpinning the core framework of the Docademic platform is a set of three unique technologies:

  • User Matching Engine (UME)
  • Cross Diagnosis HUMAN-AI Engine (CDHAIE)
  • Smart Patient Routing (SPR)

The User Matching Engine (UME) is a proprietary technology that has been built from scratch by the company’s developers. It has been designed to process several million transactions per second, thereby making it one of the most useful patient matching systems available in the healthcare industry today.

A more detailed representation of how the system works

Additionally, the UME has been engineered to be hyper-scalable and support a very high number of markets (comprised of patients from many countries) by incorporating features such as:

  • Multi-language support
  • An inbuilt diagnosis system

The Cross-Diagnosis Human-AI Engine (CDHAIE) allows for quick, effective and clear diagnoses. When a patient’s personal diagnosis is initiated, doctors receive real-time suggestions from the AI for a more holistic prognosis. The CDHAIE automatically performs an analysis of the symptoms present to narrow down one’s possible diagnosis so as to outline a more accurate diagnosis.

The actions of CDHAIE can also be adjusted in real time so that decisions and corrections are in line with the latest clinical guidelines published in worldwide respected journals. Docademic’s potential is not limited to just the medical services field, as its usability can also extend to the domain of psychological services.

The Smart Patient Routing (SPR) system conducts fast referrals for all major healthcare providers throughout the countries where Docademic provides its valuable services. When a patient referral finds no match locally, the native SPR module checks to see if there is a match for the needed service in a nearby area.

About the team

Charles Nader is the CEO of this project. According to his online bio, Charles studied medicine at Anahuac University and took the Technology-Enabled Blitzscaling course at Stanford University. He is a serial entrepreneur whose vision has extended to other domains related to medicine and science.

Isao Hojyo is the COO of Docademic. Isao is a product of La Salle University where he obtained his Master’s degree in Health Care Administration. In the past, he worked on a plethora of IT projects for the Mexican government and developed the first protocols for Docademic’s Medical Assistance program.

Lastly, Arturo Diaz is the CTO of this venture. Arturo studied engineering at Anahuac University and previously launched two companies before becoming part of the Docademic team. Some of Arturo’s other credentials include:

  • CTO of Netmark
  • Winner of Microsoft’s Latin America Cloud Partner of the Year award in 2010

He is also proficient in many programming languages and agile methodologies like Scrum.

Token Performance Details

All transactions initiated and processed within the Docademic ecosystem are facilitated through the use of a native currency called MTC (Medical Token Cryptocurrency).

MTC token lifetime performance (courtesy of CoinMarketCap)

Docademic currently possesses a market cap of US$12,716,999 and has a circulating token supply of 185,570,245 MTC.

As seen on the chart above, MTC tokens were introduced into the market on May 8 at a base value of US$0.035. Over the past couple of days, the currency has seen enormous (and most likely unsustainable) growth, touching a high of $0.092 on May 14.

Final thoughts

With the medical sector primed for blockchain disruption, it would not be surprising to see Docademic gain market share over the course of 2018.

According to the company roadmap, the Docademic platform envisions a world in which everyone is provided with basic healthcare through the use of telemedicine.

If you would like to start investing in Docademic, MTC trading pairs are currently available on HitBTC and Sistemkoin.