MediBit will provide an HIPPA-compliment, open platform based on blockchain technology, where healthcare consumers can authorize, choose, and control the level of sharing of their personal health information with healthcare organizations. MediBit’s aim is to replace the current inefficient and problematic healthcare system that puts significant time and financial constraint on the population.

In the MediBit ecosystem, MediBit platform offers an efficient platform for health/medical data producers and consumers along with a wide range of benefits all while creating realistic revenue for MediBit platform. MediBit differentiates itself from other projects by offering a different yet realistic approach, while other medical platforms fail to provide a solution a realistic feasibility of public adoption. Many blockchains are focused on platform development and lack of partnerships and actual field testing with hospitals and clinics. The Medibit project formed an alliance with numerous hospitals, clinics, and pharmacies because MediBit aims to create a realistic ecosystem that medical institutions can actually use.