IntroductiontoMediConnect
October 2019
AnotherLifeLost
Alethaldrugsloophole:Debbie,41,tookpainkillersforabadback.Butwhenherdoctortriedtoweanheroff,sheturnedtoonlinepharmacieswhosoldher3,700codeinepillsinthemonthsbeforeshedied.HowCANthatbelegal?
Mike'slifeunravelledoneJulymorningin2017,whenhegotacallatworktosayhispartnerof20yearsDebbieHeadspeath(pictured),41,hadnotarrivedatheroffice
NHS:23%oftheUKpopulationwillbetreatedforamentalhealthproblemduringtheirlife.
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• UKbasedcompanyfoundedin2018toprovideaninnovativesolutionto:• Preventthemisuseandoverprescribingofprescriptiondrugs
• Establishdrugprovenance• Improveandextendthedrugrecallprocess
• Managementteamcomprisedofexperiencedindustryexecutivesandhigh-profilebusinessleaders
Overview
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ProblemsandMarketSize• Thehealthandpharmacyindustriesfacetwobigpracticalandregulatorychallengesthatalsohaveincreasingsocietalimpact:• Theoveruseofprescriptionmedicationisincreasingdramatically,leading toaddictionand
furtherhealthcomplications• Counterfeitdrugsareincreasinglyavailable,anditisdifficult foranyonetoestablishprovenance
• Thenecessarysystemiccontrolmechanismsdonotexisttopreventpatientspurchasingprescribedmedicationfrommultiplesources,specificallyintheprivatesector
Currently, it is possible to be prescribed the same medicine from one or more online pharmacies aswell as your regular NHS doctor. According to the BBC, in England and Wales, there were 23 millionopioid-based painkillers prescriptions in 2018 - a rise of 9 million prescriptions since 2008
NewGPhCregulationsApril2019
NewEU&UKregulationsFeb2019
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Vision
MediConnectwillenable:
1. Preventionandcontrolofdrugabuseandaddiction
2. Betterandmoreappropriatetreatment
3. Drugrecalls
4. Muchstrongerregulatorycompliance
5. Dramaticreductioninregulatorycomplianceburdens fortheregulatorsandregulatedorganisations, throughaccesstorealtimedatamonitoring
6. Reductionsinwasteddrugs
7. Reductionsincostsandrisks
8. Support foradditional business requirementsandimprovements
9. Highassuranceaccountability&traceability- legallyadmissible dataforthejusticesystem
10. Support forthewidercaresystem,social servicesandemergencyservices
To become the vital, trusted, authoritative reference used by patients, prescribers, pharmacies, drugmanufacturers, regulators and more, for the management and real-time traceability of prescribed drugsand other products.
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ThePlatform
MediConnect PlatformDecisionEngine
Manufacturer WarehouseOnline
dispensary
Store
Offlinedispensary
Prescription
MediConnectOffline data
TransactionDLT
Doctor
PatientSecuredelivery
AutoRepeats
Pharmacy
MEDItoken
Paymentsgateway
KYC&IDManagementEngine
(Person)Identity
Federation
(Organisation)IdentityRegisters
IDPsIDPsIDPsIDPs
IDPs=IdentityProviders
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PlatformBackedbyDLTandBlockchain
A private permissioned distributedledger technology to store transactionsthat link to customer prescription dataand provenance data for medicines
TheMediConnect private DLT will link to off-chainregisters for product, prescription, dispensing,logistic and personal data. The DLT provides alegally-admissible, tamper-proof record
A private permissioned blockchain tohandle token-based payments
Patients canusefiatcurrenciesortheMEDIcoinforpayments,usingadigitalwalletbound totheirpharmacyaccount/profile
Smart contracts will be used to create secure, legally-binding agreements in the distributed ledger. Thiswill enable the creation and management of batches of medicines linked to the individually marked itemwherever possible. This can provide fine grain visibility to the point of consumption, for control andpatient benefit
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UserIdentification
• AllMediConnectPlatformuserswillundergoaKYCcheckbefore theycanissue,receiveoruseaprescriptionoradrugorcontrolledmedicalproduct • Theidentitycheckresultwillbestoredontheprivateledger• TheKYCcanbeupdatedatanytime• Attemptstocreateasecondidentityatanother IDP(IdentityProvider)orpharmacywillfail• TheinitialKYCenrolmentandIDchangeswillnormallybeunder5minutes• Returninguserauthenticationtakesunder2seconds
• UserIdentificationisbasedonfederatedidentitymanagementwithapproved IDPs
• Role-BasedAccessControl(RBAC)appliestoallpermissions andauthorisations• Onlyadoctorwillbeabletocreateaprescription• Onlyadrugmanufacturerwillbeabletoaddabatchofregisteredmedicine• Onlyapharmacycanaddtheitemnumbers
• ThePlatformprocessesthebusiness rulesinaccordancewiththeMediConnectCommonPolicyaspartoftheGovernance
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TokenEconomy• Thetokenizedeconomywasintroduced intotheMediConnectplatforminorderto:
• buildascalableappeconomywithvariousmonetizationmodels• motivateparticipatingpharmaciesandtheiruserbasestobemoreactiveinthepharmacies’websitestotendtotheir
pharmaceuticalneeds
• TheMEDItoken (MEDI)isautilitytokenbasedontheSTRATtoken
• Alltransactionswithin theMediConnectplatformrequireMEDI.Usershavetheoptioneithertospend,purchaseorearnthemontheparticipatingpharmacieswebsites
• TheabilitytotradeMEDIwillshortlycommenceonselectedexchanges
BuyingMEDITokens• Exchanges• In-apppurchases
through allparticipatingpharmacies
EarningMEDITokens• Pharmacyloyalty
programmes• Referringfriends• Sharing/contributing to
pharmacyblogsandonlinecommunities
SpendingMEDITokens• Buyingpharmaceutical
products• Buyingservices• “Buyingdiscounts”on
products
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ProjectedBusinessPlanProofofConcept Pilot Phase1 Phase2 Phase3
Dates Oct-Dec2019 H12020 H22020 H22020(contd.) Jan2021onwards
Geography Local Local Local Region(s) UK
Purpose InitialtechnicalfeasibilityBasedatarequirements
Business valueandblockchain technicalfeasibility
Uservalidation Transitionandadoption Scaleupandnationaladoption
Deliverables/outcomes
TechnicalfeasibilityTestofexistingprocesses&procedures
Business rules, anomalydetection,datataxonomy
Identity&authentication,enhancedbusiness rules,governance
InteroperabilityAssuranceCertification
FederationFuturerequirements
Functions Testdata(beta)Existingapp
Testdata(beta)Existingappandblockchain beta
Limitedrealdata,enhancedapplication,pre-productionblockchain
Realdata,enhancedapplications, productionblockchain, certification
Realdata,interoperableapplications, productionblockchain, federation
Participants UKMeds+oneother +8pharmaciesincludingNHShospitals
+Hospital, Amb,SocialServices, Pharmacy,securedelivery, patient,mobile apps
PharmaceuticalsNHS
Emergencyservices +
Socialisation&Communication
+8partners,NHShospitals, localpharmacommittees,GPsystems
Hospital,Amb, SocialServices, Pharmacy,securedelivery, patient,mobile apps
Police,region Emergencyservices + Military
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KeyManagementTeam
DexterBlackstockChiefExecutiveOfficer
Dexter Blackstock had a 14-year careeras a professional footballer, playing forSouthampton, Queens Park Rangers, andNottingham Forrest. He has also playedat the international level for theEngland Under-21 side and the Antiguaand Barbuda national team. Followinghis successful sporting career, Dexterhas focused on new technologies andhow they can be applied to thepharmaceutical industry.
BobbyCatoOperationalManager
Bobby Cato has significant experience inmanaging complex business structures anda great working relationship with CEODexter Blackstock. Not only does he workon the operational side of MediConnect,Bobby is also involved in Marketing,Community and Business Development.On top of this all, he also is our Wikipediawhen it comes to specific questions aboutand aroundMediConnect!
GaryNelsonHeadofEngineering
Gary Nelson is an IT development expertwith over 25 years of experience in the ITsector and more recently in the blockchainindustry. Nelson is currently a SeniorTechnical Architect at IBM, focusing onEnterprise Data Warehouse and BusinessIntelligence capabilities. Prior to that, hehas headed Development IT teams forsome of the largest companies in theworld including Johnson and Johnson,Janssen Pharmaceuticals, Teradata, Avaya,Unisys, Barclays Bank, Tesco, Nokia, Kescoand Lloyds Banking Group.
HarryChathliHeadofInvestorRelations,
Communications andStrategy
Harry is a capital markets and mediastrategist. He has been the key PR adviserin over 30 IPOs on the LSE (Main List andAIM), NASDAQand other global bourses aswell as in other transactions and corporateevents such as M&A, MBO, crisiscommunications. Over the past threeyears he has developed strategies forblockchain technology companies and hasconducted communication campaigns forseveral ICOs. He was previously amanagement consultant, advising foreigngovernments on their economic reformprogrammes.
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Advisors
JoeSoizaUKMedsOwner&Healthcare
Visionary
Joe Soiza has already built UKMeds into one of the UK’s largestprivate prescribing onlinepharmacies in just 2 years. He isan accelerated growth specialistwith a detailed knowledge ofprescription processes used inconsumer healthcare.
PatrickCurryOBECEO,BritishBusinessFederation
Authority (BBFA)
Patrick Curry has a technical andbusiness executive background ingovernments, aerospace, defence,EU, North America and Asia,particularly regarding the controlledsharing of sensitive information. Heis CEO of BBFA, a non-profitorganisation which supportsParliamentary, government andindustry collaborative digitalinnovation. His role is to helpoperationalise MediConnect andshape its future expansion.
SamuelOgunsalu BScAdvisor
Samuel Ogunsalu originally comesfrom a background in scientificresearch and has over 20 years’experience in technologicalcommercialization, licensing, andbusiness development. His workhas involved companies such asMersk, GSK, and Pharmacia.Samuel has functioned in anadvisory role to private and listedcompanies in both the UK and theUSA, and, in addition, he has alsoset up joint ventures, start-ups,and spinout companies to developnovel technologies.
ShyamMorjariaMRPharmSSuperintendent Pharmacist&
HeadofPurchasing
Shyam Morjaria is a versatileindividual, with a background inthe pharmaceutical wholesalebusiness, who serves in amultifaceted role for UK Meds.He has a talent for negotiationand networking combined witha clinical expertise. He waspreviously appointed aResponsible Person (RP) forGood Distribution Practices(GDP), which is a requirementforwholesale distributors.
ChrisTrewCEOandFounder,StratisGroupLtd
Chris Trew is the CEO and Founderof Stratis Group Ltd, an enterpriseblockchain technology companythat offers businesses a full suite ofplatform, products and consultancyservices to help them developbespoke blockchain applications.The Stratis Platform comprises ahybrid of private and publicblockchains programmed in C# onMicrosoft’s .NET core framework.Chris is a member of theMediConnect Advisory Team andoversees the architectural design ofthe MediConnect BlockchainSolution.
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Conclusion• Setuptohelppharmaciesandhealthorganisationspreventthemisuseand
overprescribing ofprescriptiondrugs, establishdrugprovenanceandstreamlinethedrug recallprocess• Newusecasescanbeaddedontheplatform
• Enhanceregulatorycompliance, including toughnewregulations,andreducewaste,risks&costs
• Builttohelpregulatorsregulateandreducetheauditburden
• Userbaseispredicted tobecomenationalwithinfouryears
• Scalablebusinessmodelbasedontransactionand/orsubscription fees,withadditionalbenefits throughuseofthetradeableMEDItoken
• Highlyexperiencedmanagementteamcomprisedofexperiencedindustryexecutivesandhigh-profile businessleaders