Medping: Medping crypto price and contract address

What exactly is Medping? The first decentralized healthcare ecosystem in the world.
Medping is the world's first decentralized ecosystem, with the mission of redefining and improving the global healthcare system by establishing a blockchain-based infrastructure for healthcare providers and patients to trade value.


The new coronavirus had free entry into and around the world in the early days of what would become a historic epidemic, exposing the flaws in the global healthcare system that demanded urgent and immediate treatment. The global healthcare system was unprepared for what was to come and was unable to cope. Schools, offices, businesses, and government organizations are all closed due to the global economic downturn. The coronavirus outbreak had a severe impact. This, combined with rising global health data breaches and administrative bureaucracy, has resulted in decreased worldwide caregiving. Medping, a decentralized healthcare ecosystem, will use its blockchain-agnostic technology to solve the aforementioned issues. Medping users would be able to effortlessly exchange currency while also receiving rewards from Defi services such as lending, staking, and more.

Blockchain Technology

The term "blockchain" refers to a cryptographically secure data structure that consists of an ordered succession of blocks that connect back to previous blocks to form a complete picture of variable states. Because a subsequent state is dependent on or linked to the prior state, blockchain is similar to a ledger, with states easily reconciled. Blockchains can be implemented as distributed ledgers, in which many nodes each have a copy of the ledger and the ledger's accuracy is based on the nodes' agreement on the ledger's content. The underpinning framework for cryptocurrencies such as Bitcoin and Ethereum is blockchain technology.On a distributed ledger, blockchain provides a secure, transaction-based framework for decentralization and consensus over the legitimacy of transactions.


Based on implementation and the behavior of actors within the infrastructure, the distributed ledger enables transparency regarding cryptocurrencies and transactions done with it, and can support varied levels of privacy (from anonymous or pseudo-anonymous to public) for users.

The use of a transparent blockchain and smart contracts eliminates the requirement for a previous trust relationship or a trusted third party.

Medping uses blockchain technology in a variety of ways, including to utilize its Ping token as a source of utility and to store information of value to healthcare practitioners, patients, health institutions, and other users in a transparent and trust-worthy manner. Ping token valuation and exchange of value are made easier because to blockchain technology and the Medping platform.


THE PROBLEM

The healthcare system is beset by a slew of issues around the world, but their impact is even more significant and felt in developing countries and historically marginalized communities like indigenous and afro descendants. The COVID-19 pandemic has demonstrated how health-care system flaws can have far-reaching consequences for health, socioeconomic development, government trust, and societal stability.


The crisis interacts with pre-existing heterogeneity in asset holdings, high medical costs, poor supply and distribution of the healthcare workforce, access to health care services, and a variety of other factors, making some individuals and households particularly vulnerable to an economic freeze. Ineffectiveness and duplication of effort, on the other hand, have resulted in billions of dollars being wasted due to data system silos and administrative complexity.


In the healthcare industry, security is a big concern. Healthcare data breach statistics reveal a significant increase trend in data breaches over the last ten years, with more data breaches reported in 2020 than in any previous year since records began to be kept. Between 2009 and 2020, the HHS' Office for Civil Rights received 3,705 reports of healthcare data breaches involving 500 or more records. A total of 268,189,693 healthcare records have been lost, stolen, exposed, or improperly disclosed as a result of these breaches.


MEDPING, THE SOLUTION

Medping was created to address and address these difficulties.


Providing standardized health-care services to businesses, non-profits, and individuals;


Fostering the formation of cost-effective, patient-centered, and accessible health-care plans, hence lowering the likelihood of redundancy, waste, abuse, and fraud. By supporting permitted peer-to-peer transactions that transfer authority to individual stakeholders while empowering payers in terms of cost control and oversight, we anticipate to save a lot of money.

Using blockchain-based medicine to provide ever-greater benefits to as many people as feasible. Medping is intended to be extremely useful right now while also laying the groundwork for the formation of a self-modifying, decentralized medicine with the potential for widespread expansion and favorable ethical aspects in the future.


Securing Patient Data: Medping seeks to use blockchain technology to keep our sensitive medical information safe and secure. Medping's capacity to preserve an incorruptible, decentralized, and transparent log of all patient data makes it an ideal security technology. Furthermore, while Medping is transparent, it is also private, masking the identity of any anyone who uses it.The decentralized nature of the technology also allows patients,doctors, and healthcare providers to share the same information quickly and safely.

MEDSWAP: To control user assets and medical data, a multi-chain wallet with one identity and one mnemonic seed phrase is used. Patients, doctors/nurses, and other healthcare providers would be able to share data rapidly and securely while adhering to HIPAA (Health Insurance Portability and Accountability Act) regulations. Medswap will assist users in managing their assets, such as their Medcard (a payment card), balance inquiries, transfers, and medical records. Medcard would allow users to spend bitcoins at card payment terminals in exchange for rebates and bonuses. At the same time, users will be able to interact with other products of the MedPing ecosystem such as staking, lending, insurance, and governance using MedSwap.

HOW DOES IT WORK?

STEP ONE


By choosing issuance and pricing, Medping Hospital NFTs or other private clinics can issue fractions ("Shards"). The NFT is stored in a smart contract that has been audited.


STEP TWO


Fractions will be available for purchase at a set price for three weeks or until all are gone.


3rd STEP


The fractions are then sent to the Medward marketplace, where they can be exchanged like regular cryptocurrencies, kept as a store of value, or used as collateral to borrow other cryptocurrencies after the fixed sale period has ended.


4th STEP


By acquiring 100% of the Shards or using a specific Buyout clause, the underlying NFT can be retrieved.

WHY FRACTIONS?

In the case of MedPing:


1. Increase your collection's liquidity and volume.


2. As fractions trade on the open market, we can get real-time valuations and more exposure for our NFTs.


3. Inviting other stakeholders to join our collection and participate in unique governance use cases is a great way to get them involved.


For the benefit of investors


1. Gain access to one-of-a-kind assets with low price points.


2. Trade NFTs at a lower cost and with more variety.


3. Use fractions to manage unique assets in a more advanced way.


4. Earn money by providing liquidity to the MedWard marketplace (fees for transactions).


5. Be a forerunner in the Metaverse's emerging Asset Class.

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