Project Background

In the past ten years, the global population's demand for domestic and crossborder medical treatment has been increasing. With the intensification of the global population aging, the income of middle-class families, medical insurance and medical expenditures of various countries, coupled with the continuous increase of people's income in developing countries, all are promoting the development of medical demand. As of the end of 2018, the annual global medical market cost could reach more than US$8 trillion, and the global demand for cross-border medical services could also reach US$421 billion.

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The Scale of the Global Medical Market

In the first quarter of 2020, the context of the global spread of the novel coronavirus pneumonia epidemic, global medical demand has increased on a large scale, and hospitals around the world have long been unable to carry out normal medical activities due to lack of medical resources. In this situation, important resources such as ventilators, protective equipment and even medical staff are increasingly scarce, and doctors are forced to choose which patient to treat first.

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HAQ Index of Global Countries

Looking at the above data as a whole, the medical capacity of countries around the world for the coronavirus epidemic is roughly related to the level of national economic development. The top 20 countries with global medical capabilities are mainly concentrated in Europe. It is worth reflecting that, in this epidemic, medical capabilities that lead the world have not become a protective umbrella for many European countries. Italy, which ranks among the world's top 10 in medical capacity, has accumulated more than 1.94 million confirmed cases as of December 2020. Countries with severe epidemics such as the United States, Spain, and Germany also rank high in medical capacity.

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The History and Current Situation of the Blockchain Medical Industry

On March 4, 2016, the Estonian Electronic Health Foundation announced its cooperation with a data security company to use blockchain technology to ensure the security of 1 million patient medical records and integrate the company’s keyless signature infrastructure (KSI). Blockchain technology and Foundation Oracle data engine to realize real-time viewing of patient cases.