MPayz will be a system that facilitates better payment processing, better billing, better messaging, better public health systems, better data analytics, and better identity services is directly needed within the medical industry. The MPayz Platform, a culmination of all the MPayz blockchain technologies, has been established to answer this call and will allow industry coordination to deliver better health outcomes through interoperability. This Algorand blockchain-based platform will include a policy system, a service marketplace, a secure global database external to the blockchain PKI, a shared computation environment, smart-contracts, private communication channels between peers, and a data marketplace.
In addition, the platform will track possession of tokens within the system as well changes in ownership of tokens. Within this ecosystem, tokens represent a mechanism for resource consumption control. The Foundation will derive revenue from token transaction fees representing the use of its platform assets. The MPayz Foundation is domiciled in Bermuda as a non-profit company equivalent.
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