World Leading Medical Ecosystem based on Blockchain and AI
MIoT is initiated by Guilin Medical Group in collaboration with the Hong Kong Polytechnic University, COOS and Blocker.AI Lab.
MIoT is a consortium blockchain based on the Blockchainless architecture which combines the technologies of Big Data, AI, IoT and Blockchain with innovative and practical industrial solutions to accelerate development of a wide range of areas, including healthcare, pharmaceutical, healthcare insurance, pension, insurance, finance, education, scientific research, logistics, law, and government etc.
MIoT is supported by the governments of Hong Kong, Guangzhou, Foshan, etc., gathers the best R&D forces in Hong Kong, Shenzhen, and Guilin, and the participating members are from various industries such as government, medicine, healthcare, universities, and technology companies.
MIoT is China's first Medical-Blockchain project in Guangdong-Hong Kong-Macao Bay Area, which has obtained science and technology funding and will be settled in Shenzhen Bay Science and Technology Plaza.
MIoT is China's first Medical Chain based on IoT and Consortium Blockchain, and has been listed as the Hong Kong Polytechnic University’s key research project and has applied for the support of the Hong Kong Government ITF Fund.
Two-Invoice System to Encourage New Model of Medicine Distribution
The Two-Invoice System aims to reduce medicine prices and corruption that can occur in lengthy distribution chains between the manufacturer and the hospital. The notice states that the policy is to “regulate the order of medicine distribution, reduce distribution links, and lower the unreasonably high medicine prices” and strengthen the regulation of the pharmaceutical market.”
Government Speeds up Construction of "Internet + Healthcare"
At China's 2018 two sessions, it states China will increase role of technology in supporting economic development, especially in AI and Big Data. China will increase internet penetration by improving high-speed internet infrastructure and lowering costs, as well as integrating ‘Internet+’ into medicine, elderly care.
According to the data from 2017 China Pharmaceutical Market Development Blue Book, China's pharmaceutical terminal market sales volume was 1497.5 billion Yuan in 2016, an increase of 8.3% year on year and 803.7 billion Yuan in the first half of 2017, an increase of 7.8% year on year.
With the sustained development of China's economy, the growing attention on the health has been continuously increasing, and the demand on healthcare products has also gradually expanded. It is expected that by 2023, China's sales revenue on healthcare manufacturing will reach 5.27 trillion yuan.
MIoT enables the sharing of IoT data assets and protection of privacy by adopting multiple authorizations of nodes, isolation of access and ownership, and data sharing protocols, so that everyone can participate in the sharing of massive IoT data. While contributing to technology advancement, it provides the users additional revenue per the contribution.
Healthcare-related Research Institution
Pharmaceutical Manufacturers and Suppliers
3rd Party for the Financial Organization
Health Regulatory Authority
Healthcare Regulatory Authorit
Drug Electronic Code
Hospital & Clinic
MIoT is an IoT infrastructure platform and data assets sharing platform based on Blockchain 3.0 and AI. Enterprises and individual users without any programming skills can leverage MIoT to rapidly build robust IoT systems and data asset sharing platforms based on Edge Computing, Mesh Network, and Big Data analytics and so on.
Ratio of Empty Blocks
Block Generation Rate in Milliseconds
0 Transaction Fee
Privacy Protection Mechanism
Instant Data Sharing