## What Is MediBloc (MED)?

MediBloc (MED) is a South Korean-based [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized) [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.


## Who Are the Founders of MediBloc (MED)?

MediBloc, was launched in 2017 by a team of qualified doctors in collaboration with experienced entrepreneurs and talented developers. Dr. Allen Wookyun Kho and Dr. Eunsol Lee are the co-founders of the South Korean company. They are healthcare professionals with experience and numerous achievements in medicine, as well as software engineering.

Allen Wookyun Kho holds a Bachelor of Science from Korea Advanced Institute of Science and Technology, a Master in Computer Science from Columbia University (New York, US), and a Master of Dentistry from Kyung Hee University (Department of Dentistry). Kho is a former lead software engineer at Samsung Electronics where he was deeply involved in the Galaxy S software development process.

Eunsol Lee holds a Bachelor of Medicine from College of Medicine, Hanyang University, and a Master of Medicine from College of Medicine, University of Ulsan. Lee specializes in radiology and biomedical informatics and has an impressive track record, including being a developer at NEXON, a radiology specialist at Asan Medical Center and a public health doctor. Lee was a former member of the Presidential Committee on the Fourth Industrial Revolution (PCFIR), and a representative of the Special Committee (Digital Healthcare) under the PCFIR.


## What Makes MediBloc (MED) Unique?

MediBloc's main goals include building a patient-centric health data platform, empowering data and encouraging users to maintain a healthy lifestyle. The project aims to revolutionize the healthcare sector by becoming a unified real-time patient database. The decentralized platform brings together patients, healthcare providers and medical researchers. The patient is the ultimate owner of his or her own health data, records, treatment history and more.

Data loss is prevented by backups, and only reputable medical institutions and trusted healthcare affiliates are allowed to make changes. Additionally, the blockchain system provides an increased level of network security, minimizing risks such as fraud and data hacking.

According to the protocol, this will minimize redundant data, ensure streamlined treatment, efficient medical care and greater accuracy of diagnoses. The platform provides an objective incentive system, where all contributors (data owners) are rewarded in MED tokens.


### Related Pages:

Read about [Solve.Care (SOLVE)](https://coinmarketcap.com/currencies/solve/) and [DOC.COM (MTC)](https://coinmarketcap.com/currencies/doc-com/) — other blockchain projects in the healthcare sector.

Check out [Cosmos (ATOM)](https://coinmarketcap.com/currencies/cosmos/).

What are dApps? Learn more with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-are-dapps).

Refresh your knowledge of complex crypto terms with the [CMC glossary](https://coinmarketcap.com/alexandria/glossary).


## How Many MediBloc (MED) Coins Are There in Circulation?

MED is a native utility token of the MediBloc platform. It’s required for storage payments, insurance payments, and transactions. MED is also used to reward users who have contributed to the growth of the MediBloc ecosystem.

In terms of [tokenomics](https://coinmarketcap.com/alexandria/glossary/tokenomics), the distribution of tokens is as follows: 50% to participants of the [ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico); 20% to the team; 12% to development; 10% to investors and advisors; 8% to research.


## How Is the MediBloc Network (MED) Secured?

Launched in December 2017, MED was originally deployed in the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) ecosystem as a decentralized application ([dApp](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)) running on the Ethereum Virtual Machine ([EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)). In 2018, MED was re-released on the [Qtum](https://coinmarketcap.com/currencies/qtum/) blockchain, then the project moved to [Cosmos](https://coinmarketcap.com/currencies/cosmos/) through the Cosmos Software Development Kit (SDK). In 2019, the decision to formulate and launch its own [mainnet](https://coinmarketcap.com/alexandria/glossary/mainnet) was announced.

The platform operates on the Delegated Proof-of-Stake ([DPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)) consensus algorithm, an evolution of the fundamental concepts of Proof-Of-Stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)). DPoS is one of the most energy efficient models, providing network security through the approval voting of delegates.


## Where Can You Buy MediBloc (MED)?

MediBloc (MED) is available for purchase on the following crypto exchanges: [Bithumb](https://coinmarketcap.com/exchanges/bithumb/), [Bittrex](https://coinmarketcap.com/exchanges/bittrex/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Osmosis](https://coinmarketcap.com/exchanges/osmosis/), [Upbit](https://coinmarketcap.com/exchanges/upbit/), [Korbit](https://coinmarketcap.com/exchanges/korbit/), and more.

Want to keep track of MED in real-time? Download the CMC [mobile app](https://coinmarketcap.com/mobile/).

MediBloc

HyperPay

Binance Chain Wallet

Cosmos

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

Orbs is a publicblockchain infrastructure that combines scalability, low fees, performance, security, and ease of use.

The platform is designed for mass-use applications and supports a complete blockchain stack. The Orbs platform is a decentralized, open and transparent network that offers practical blockchain solutions for enterprises and other large-scale consumer applications.

The Orbs protocol uses the ORBS token, which calculates commissions for executed applications and provides an incentive system that is used to select validators, thereby ensuring the integrity of the network. The ORBS token serves as the only means of payment on the Orbs platform.

Orbs was established in 2017 and was developed by experienced engineers, businessmen and scientists who have managed to create an infrastructure that uses blockchain virtualization and randomized proof-of-stake (RPoS) to ensure blockchainscalability.

Orbs

Ardor

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps.

With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available.

Bifrost has multiple components that allow for a seamless connection among all blockchains:

Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility.

Linker: A system that connects the user and Bifrost components, ensuring the seamless operation on top of multiple blockchains.

Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost.

Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain.

Scan: A dashboard that provides you with a full view of the internal process of Bifrost and shows your blockchain interconnectivity in diagram.

Bifrost

Status is categorized as a mobile and desktop operating system and decentralized browser that incorporates a messaging system. As such, Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017.

It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.

Status

ABBC is a blockchain platform that enables secure payment transactions, helping to facilitate retail adoption of cryptocurrencies and make shopping online with digital assets a safer, more enjoyable experience for end-users.

The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to a variety of other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at over 50 online retailers with cryptocurrencies; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.

The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC's services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.

ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.

ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.

ABBC Coin

MiL.k

Fei protocol is a DeFi native algorithmic stablecoin. The aim of Fei is to propose a technological solution in a sweet spot between rigid overcollateralized decentralized stablecoin and centralised custodial stablecoins.

Fei Protocol runs on two crypto assets: FEI stablecoin and TRIBE governance token.

FEI is aimed to be a more capital efficient and fully decentralized stablecoin. The protocol uses the value it controls to maintain liquid secondary markets and earn yield for the protocol.

The project was founded in December 2020 and immediately attracted significant interest in the crypto community. It resulted in $19 million VC investment in early March 2021. Among the names that have entered this project are Andreessen Horowitz (a16z), Coinbase Ventures, Nascent and Framework Ventures.

There were some issues with the peg in the original mechanism, but through a series of governance upgrades the protocol recovered in the months following launch.

Fei v2 intends to be a major upgrade for the system and will launch in late 2021. It features 1:1 redeemability for FEI against protocol reserves, TRIBE buybacks and backstop, and algorithmic protocol controlled value management.

Fei USD

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

JUST

Hive (HIVE) is a blockchain running on a delegated proof-of-stake (DPoS) consensus mechanism. It launched in March 2020 as a hard fork of the centralized Steem blockchain and as a gateway from Web 2.0 to Web 3.0. The blockchain claims to offer “lightning-fast processing times and fee-less transactions.” Examples of use cases include social media with monetized rewards for content creators, interactive blockchain games, identity management, micro-loans and more. The platform powers decentralized applications (dApps) like Splinterlands, PeakD and HiveBlog.

Hive is a social network of apps and services, where users discover the capacity of blockchain technology, connect to the platform and securely share content through equitable redistribution of value. Thus, the users are the proprietors of the network, and sponsors can contact communities and artists directly without intermediaries.

Hive is an open source blockchain that focuses on scaling through layer-2 sidechains, while still benefiting from a common layer-1 blockchain backbone to ensure distributed data integrity. The Hive ecosystem runs on two cryptocurrencies — the native governance token, HIVE and the USD-pegged HBD stablecoin.

Hive

dKargo uses blockchain technology to solve trust issues among participants scattered in the logistics industry and establishing an efficient logistics network based on cooperation that was previously unimaginable.

Providing credible information with blockchain

dKargo solves trust problem on splited logistics nodes by using blockchain

Enhancing connection between participants with blockchain and tokenomics

Create a collaboration-based logistics network that was impossible in the existing logistics industry

Provides Web3 logistics service

From first-mile to last-mile, dKargo enables new Web3 logistics services.

Providing an open logistics platform

dKargo provides optimized logistics information and routes that were not possible due to silo logistics structure

dKargo

The Gemini Trust Company (Gemini) is a digital currency exchange and custodian that allows you to buy, sell and store digital assets, founded in February of 2014. The GUSD is created by the cryptocurrency exchange Gemini.

The company received approval from the New York Department of Financial Services or NYDFS to launch the stablecoin in September of 2018. The Gemini Trust Company holds USD deposits that correspond to the number of tokens that are in circulation.

When it comes to the Gemini Dollar itself, it is an ERC-20 token that is built on the Ethereum network and has smart contracts that are audited by the security company Trail of Bits Inc.

This dollar is intended to bridge the divide between traditional finance and the crypto industry, due to the fact that this specific stablecoin is completely regulated by the NYDFS.

Gemini Dollar

Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.

The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.

Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.

Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.

The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.

Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.

Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.

Civic

Steem is a community-focused blockchain that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.

The protocol is a publicly available, incentivized blockchain database that allows users to interact with each other and earn in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network ensures the fair treatment of contributors by running a reward structure that reflects each user’s contribution.

Steemit is the first app that was built on the Steem blockchain, and it launched on July 4, 2016. The protocol aims to provide value for its community of users in the following ways:

To provide thoughtfully chosen news and commentaries.

Creating an opportunity to earn.

As a source that offers answers to users’ inquiries.

Offering a stable cryptocurrency pegged to the USD.

Steem

Ontology Gas

QuarkChain

aelf

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards.

The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases.