Introduction Pulsemed Network
Pulse is a reliable medical data repository and sharing platform, building the infrastructure for state-of-the-art, AI enabled diagnostic and treatment capabilities for people everywhere, unconstrained by the limitations of the medical facilities of their locality.
Future Growth
Additional data sources — We will be developing more sources of information, both organic and inorganic. Tie ups with firms involved in health tracking like 23 & Me, FitBit, IoT devices, etc will improve further on the quality and depth of data. Combining disparate sources of information (anatomic, biological, environmental, lifestyle, genomic, physiological) helps give unprecedented understanding of patient lives and ultimately lead to better diagnosis, research and health of patients.
Smart contract capabilities
Insurance claims may no longer need to be filed at all. Smart contracts built with if/then logics with access to verified information will automatically release insurance payments when certain conditions are met. For instance, if a patient has dental insurance to the extent of $100, then if the patient avails insured dental services at an Pulse Records (EMR) enabled practitioner who enters the dental treatment details, then the insured amount will automatically be credited to the patient or practitioner without any paperwork involved. Insurance firms can save millions in administrative and legal fees.
CONSENSUS MECHANISM
Hashes of all data collected, cryptographically secured and stored are added to the blockchain using a delegated Proof-of-Stake consensus mechanism which offers the benefits of security, scaling and reduced token velocity and aligns participants to the long-term success of the protocol. The target participation rate is 60% and the ideal inflation rate at this participation rate is 5%. If participation rate falls below 60%, then we will increase inflation rate to incentivize participation and if participation rate rises above 60% then we will decrease inflation rate to disincentivize participation. This means that in year 1, with total supply at 12bn, annual staking rewards will be 60mn (5% of 12bn). With Polkadot and Kusama operating at a block time of 6 seconds, we will be following the same and release 11 tokens with every block in the 1st year. The consensus mechanism will have the following players
Validators — Validators secure the network by validating proofs of stored data. They randomly get selected to create the next block, in proportion to tokens in their Validating Pool, up to a maximum of 10%. A Validating Pool holding more than 10% of total supply will not be selected to create any blocks and hence must ensure they do not cross that limit. This is introduced as a feature to minimize the possibility of malicious parties gaining control of the consensus mechanism.
Delegators — PULSE holders can delegate their tokens to Validating Pools. They would have to do their due diligence to ensure they trust the right Validators with their tokens. Once staked with the Validator, they cannot be applied to other use cases till the tokens are unbonded from the Validating Pool.
Watchdogs — Watchdogs monitor the Validators for appropriate behavior. Actions like being off-line for too long, validating 2 blocks at the same height, not following security protocols, etc. will lead to stakes getting slashed. 10% of slashed tokens will get awarded to the Watchdog who spots the misbehavior and the balance 90% will get burnt.
CONSENSUS MECHANISM Hashes of all data collected, cryptographically secured and stored are added to the blockchain using a delegated Proof-of-Stake consensus mechanism which offers the benefits of security, scaling and reduced token velocity and aligns participants to the long-term success of the protocol. The target participation rate is 60% and the ideal inflation rate at this participation rate is 5%. If participation rate falls below 60%, then we will increase inflation rate to incentivize participation and if participation rate rises above 60% then we will decrease inflation rate to disincentivize participation. This means that in year 1, with total supply at 12bn, annual staking rewards will be 60mn (5% of 12bn). With Polkadot and Kusama operating at a block time of 6 seconds, we will be following the same and release 11 tokens with every block in the 1st year. The consensus mechanism will have the following players: Customers of Pulse Records (EMR), Pulse Pocket (Personal) and Pulse-Corporate who have to deposit PULSE to avail the functionality and well as general PULSE holders
