XMED Chain ICO - World First Global Medical BlockChain

Urang kuceng

The demand for high quality health care experiences grows rapidly by day and such demand for Health care and insurance has now reached a multi-institutional, interregional and even global level. In such a diversified global health care system, medical data management is facing significant challenges, especially in relation to the storage,

management and sharing of personal medical data.

The blockchain technology with its decentralized data storing, immune from unauthorized amendments and complete trust nature can build an efficient platform for the storage, management and sharing of sensitive

medical data.

XMED Chain (XMC) is the world first application system that utilizes the blockchain technology, artificial intelligence (AI) and big data analytical

power. Users or patients can upload and manage their personal medical records through XMC, which would allow them to have ownership of their own personal data that cannot be edited by other parties without the owner’s authorization.

XMC utilizes the characteristics of blockchain, such as decentralized consensus, “trustless”, and immutable, to encrypt and store personal medical data. XMC also

utilizes AI and big data to analyze and provide personalised information of the global medical services that meets the need of the users, which

will provide a safe and efficient data management platform for individual and institutional users.

XMC will be an important milestone in the integration of a borderless health care system to achieve medical

globalization.

Application System Based on Blockchain, AI & Big Data Technologies

XMED Chain (XMC) is the world first medical data application system based on the blockchain, AI and big data analysis technologies (Figure 1). Users can upload medical records through XMC applications. XMC then converts such medical data into smart contracts and stores them in blockchains.

Medical data that are converted into smart contracts can be efficiently applied to a variety of health care related scenarios, improving the efficiency and quality of medical services, insurance services and researches offered by institutions. XMC will be using easy-to-access mobile and PC applications for users

to upload medical records.

The records will then be validated and encrypted with blockchain technology. The anonymous data will be

analyzed by the AI and big data analytical system.

Through intellectual analysis and evaluation, accurate consultation results can be generated for individual or institutional users with higher efficiency and quality.

With data aggregation and analysis, XMC’s medical data can be used in a variety of scenarios. User can sfely store and manage their medical data with their authorization. The medical records can be used in a

number of services by institutional users, including online consultation, medical appointment, offer information on insurance products and other value-added services.

Encrypted data can also be securely shared among institutions. XMC aims to facilitate the standardization of medical data processing and implement a system where information can be exchanged transparently in a secured manner, ultimately forming a globalized medical data system based on users’ needs.

Advantage Of Using XMC

XMC is the first blockchain project aiming to promote global health care integration. Through the use of blockchain technology, XMC can provide a secured, reliable and speedy data exchange. XMC effectively

solves issues in the medical industry which was discussed in Chapter 2 above.

1）XMC is the first blockchain

project to integrate and globalise medical service through applying blockchain, AI and big data technologies. The decentralized feature of the blockchain technology

allows the instantaneous distribution of information. The AI and big data technologies provides accurate analysis to generate global medical solutions to users. XMC speeds up data sharing among institutions and provides the foundation for global medical service integration.

2）Safe and reliable medical data circulation

The XMC system greatly improves data security. The encrypted nature of the blockchain technology ensure the safe circulation of medical data. Patients can provide encrypted medical records to institutions and

authorize data circulation among agencies with confidence.

3）Efficient data sharing among users

After obtaining user authorization, institutional users can share data efficiently and instantly within and between institutions by accessing the API of the XMC system. This feature will solve the cumbersome data

transfers in the past, enabling seamless transfer between institutions.

XMC shortens the trading cycle of medical institutions with their upstream suppliers and accelerates the reimbursement process involving medical institutions and insurance companies.

4）Utilization of global medical services

Individual users can obtain global information on medical services from XMC’s analysis. Medical big data can solve the problem of information asymmetry and provide patients with transparent medical information,including medical service information, treatment programs, satisfaction rating and other relevant information helping patients to select the best global medical program that meets their medical needs.

5）Build a health chain that everyone benefits from

XMC is an application with a wide range of users. Every individual or institutional user that provides and shares medical data can receive XMC Token as a reward for the contribution to the medical ecosystem.

Individual users can upload medical records and save encrypted data on XMC, making it a digital asset. Under smart contract agreement, institutions use XMC system API to efficiently manage medical data to improve the overall quality of medical services and provide patients with more value-added services.

Node Management And API Deployment

The XMC’s system manages the number of nodes in the hybrid chain as well as the reading permissions with consensus mechanism. The design of the XMC ’s private chain is to provide privacy while providing good accessibility.

Through the implication of agreed smart contract on the XMC virtual machine (XVM), information exchange between institutions can easily be done. This API for smart contracts allows institutional users to perform data “transactions” and “transaction result queries”.

Institutions can jointly safeguard the interests of users through API mutual supervision. Under the mechanism, medical data is securely shared, the

price and other information in medical, insurance and manufacturer services will become transparent, which maintains a healthy ecosystem of medical big data.

XMC’s System Usage For Individual Users

The XMC’s system utilizes blockchain, AI and big data technologies to provide users with a multi-functional, secured and user-friendly application. Through the application of smart contract, users can submit

their medical records or other medical data to XMC. The XMC’s system analyzes the data and generates optimal medical service options for such user and provides a platform of information for patients to locate a safe one-stop health care consultation.

After the registration, individual users have direct access to quality health care information through big data analysis provided by the platform. XMC can also improve accuracy of analysis by AI analysis of user data.

Figure 6. XMC’s system usage for individual user

Identification and translation of medical records

After verification of the medical record, the AI system identifies and converts contents into text format.

For each piece of medical data, the AI will identify the contents. Interactive data will be generated with the recognized results.

In order to obtain more reliable results, the consensus mechanism of blockchain technology is used so that each node (peer) can perform secondary

identification on the interactive data. Finally, the system will convert the data into text format.

Text content can also be translated to user’s default system language and data will be stored in a decentralized manner. Users can enter their own authentication information (public key / private key) in the XMC application to view personal records.

Blockchain Technology Architecture

A typical block chain technology architecture, as shown in Figure 14, based on the analysis of the existing blockchain system of technical solutions and needs.

Figure 13. Block chain technology architecture

Core technology components

The core technology components include the basic components, protocols and algorithms on which the block chain system relies. These are further subdivided into four layers of communications, storage, security mechanism and consensus mechanism.

A, communication: blockchain is usually using P2P technology to organize the various network nodes, each node communicates with each other through the multicast routing.

B, storage: During operation period, blockchain data is stored in memory as blockchain data structures and will ultimately will be stored in the database as persistent storage. For larger files, it can also be

stored in the file system outside the chain, while the summary (digital fingerprint) can be saved to the chain for self-certification.

C, security mechanism: through a variety of cryptographic principles for data encryption and privacy protection to ensure the security mechanism of the blockchain system. For the public chain or other blockchain systems involving financial applications, high-strength and reliable security algorithms are the basic requirements to achieve

national level secrecy and to achieve certain advantages in efficiency.

D, consensus mechanism: strategies and methods for achieving agreement among nodes in a blockchain system should be flexibly selected according to different types of systems and application scenarios.

XMC Token Mechanism

XMC Token is issued by initial coin offering (ICO) with an upper limit set, which accounts for 31.4% of the total tokens generated. For more information, see Chapter below.

XMC Token total supply will be set as: 700,000,000 XMC Tokens. 31.4% tokens will be used in ICO public sale. The price is 0.1 USD Dollar for 1 XMC Token.

The tokens which are not sold in ICO will be automatically destroyed.

XMC Token sale Structure

• Hard Cap: USD 22M

• XMC Tokens will be allocated to early purchasers

Private Seed

• $5M (Invite Only)

Private Pre-sale

• $10M （Invite Only）Please Advise XMC Team of the private presale bonus Structure

Public Pre-sale

• $4M, 15% Bonus

• 50% Principle lockup for 3 months

• Bonus Lockup for 3 months