Categories: Technology

BitMED Launches Crowd Sale for its BXM Token Following Successful Pre-Sale

BitMED, a global healthcare solutions company, launched the mainnet of its BXMP network and its BXM token, built on a blockchain designed specifically for healthcare. BitMED started its crowd sale for the BXM token on October 1 running through November 16; to be purchased directly from BitMED and over the LA Token Exchange. The BXM token is an opportunity to participate in the $230 billion healthcare data market immediately through BitMED’s clinical platform (BitMED Clinic) and long-term through partner solutions built on the BitMED blockchain.  

BitMED Clinic offers cost-free healthcare, subsidized by the transaction of anonymous member data to trusted healthcare partners. More than 20 medical conditions are covered through BitMED Clinic, ranging from women’s health to sports medicine to mental health. This complex network of interactions is managed via the BXMP blockchain and smart contracts for performance, security, and regulatory compliance. As members utilize BitMED Clinic, they are awarded BXM tokens as incentives for utilizing the platform without the normal complexity of token exchanges.

As BitMED onboards its pipeline of more than 50 million members, ranging from individual consumers to national populations sponsored by public sector health authorities, the BitMED BXMP protocol is simultaneously being adopted by more than 17 different partners across multiple countries including Australia, Rwanda, Myanmar, Mongolia, The United States, and Kenya, establishing one of the world’s largest blockchain solutions for healthcare.  This swift uptake of the BXMP protocol and rapid decentralization of the BitMED network reflects significant momentum for the BitMED approach.

“At a time when there is skepticism about blockchain and its usability, specifically in healthcare, BitMED is excited to deliver a high-performing network developed for healthcare and validated via the BitMED Clinic’s large infrastructure,” said Rishi Madhok MD, CEO and Co-Founder of BitMED. “The BitMED clinic is already a great use-case for blockchain in healthcare and we see the BXMP blockchain being the global standard on which our partners can develop new innovations.”

“The digital disruption of healthcare delivery offers tremendous potential to break apart long-standing issues around cost and access for millions of people,” said Dr. Ron Ribitzky MD and advisor to BitMED. “I am excited for the contribution that BitMED will make in this regard and therefore gladly act as an advisor for this exciting company.”  

For more information on BitMED’s progress, visit www.bitmed.io or email info@bitmed.io.

Disclosure: This article includes a client of an Espacio portfolio company

Sam Brake Guia

Sam is an energetic and passionate writer/presenter, always looking for the next adventure. In August 2016 he donated all of his possessions to charity, quit his job, and left the UK. Since then he has been on the road travelling through North, Central and South America searching for new adventures and amazing stories.

View Comments

Recent Posts

With surge in AI-generated code creates security concerns, DeepSources launches trio of autonomous AI agents for DevSecOps 

Autonomous, AI-powered employees are set to begin roaming corporate networks sooner than expected, marking the…

20 hours ago

As carcinogenic chemicals from cleaning products hit the headlines, Viking Pure Solutions is protecting employees from harm

Despite the ongoing fight to reduce, reuse and recycle plastics, when it comes to environmental…

21 hours ago

Muddy Waters vs. AppLovin: Why Investors Might Be the Real Target

Muddy Waters’ recent short report on AppLovin reads serious. Abuse, violations, an impending takedown. But…

2 days ago

Trump’s Tariff Policy: An Apparent Double Standard for Apple?

Do you know how I knew that Trump would be the 47th President of the…

2 days ago

These travel bloggers have the best tips on how to make the most of your trip to the UK

From Stonehenge to the Tower of London, Buckingham Palace to the Angel of North, there’s…

3 days ago

The science of what we eat: The NYU math grad bringing sustainable olive oil to your kitchen (Brains Byte Back Podcast)

When it comes to what we eat, more of us are asking the right questions:…

4 days ago