Medicalchain ICO Whitelist was full in 2 minutes
- Today, 2.1.2018, at 10:00 UTC time, MedicalChain lanched their ICO.
- In the first two minutes, they received 45,000 KYC registrations
- Only around 2000 approved KYC registrations are going to be accepted
- They are processing around 250 KYC registrations per hour
- 5 hours into KYC process and about half way there
- Total KYC registrations: 135,000
Stay tuned: Interview with Medicalchain CEO and Co-founder Dr. Abdullah Albeyatti coming soon
One of the most highly anticipated ICOs for February has concluded. Medicalchain closed KYC registrations for ICO just before 13h UTC, after it started at 10:00 UTC. In that time they gathered a total of 135,000 KYC registrations, 45,000 of which just in the first 2 minutes. At this time it is unknown how many will be accepted, but Dr. Abdullah Albeyatti told us via Skype interview just a few minutes ago, that they expect to only need around 2000 applicants to complete the ICO.
To join the whitelist for ICO users had to first complete a registration form on their Token sale portal. Format was FCFS KYC – Whitelist – FCFS ICO.
FCFS stands for First Come First See. Therefore the fastest users who completed Know Your Customer form (hint: use autocomplete) were able to enter the ICO process first. Because of the limited registration, there was also an upper limit on the investment of 4,6685 ETH.
Medicalchain provides its patients full access and control over their data, they will have the capability to provide differing levels of access to various users, by assigning a set of access permissions and designating who can query and write data to their blockchain. The patient, being the owner of their own medical records, will be able to fully control who accesses their data and which information they access. The patient would have the ability to grant access to their EHR to other users and revoke access by setting up a time-limited gateway, thereby improving data security.
Medicalchain provides solutions to today’s health record problems. The platform is built to securely store and share electronic health records. By digitizing health records and empowering users they can leverage countless industry synergies.
(1) Medicalchain Website, Medicalchain, (2017)
(2) Medicalchain Whitepaper, Medicalchain, (2017)