Stratis (STRAT) Price Booms on Partnership with MediConnect

Stratis, a startup aiming to provide enterprise-grade sidechain solutions, has joined forces with MediConnect to offer blockchain management for pharmacies.

Stratis (STRAT) has extended its price rally, briefly going over $1.50 on news of a partnership with MediConnect, a company offering blockchain solutions tailored to the medical industry. The startups announced in a recent press release, saying MediConnect aims to increase traceability and prescription filling at multiple pharmacies by using a tamper-proof distributed ledger.

"MediConnect will become another customer of Stratis, utilizing our consultancy services to build and deliver a bespoke blockchain solution set to revolutionize the medical industry," commented Stratis founder and CEO Chris Trew.

MediConnect will use the technologies offered by the Stratis platform, including distributed ledger management, a full node in C#, and smart contracts in C#.

"Stratis was a natural selection for us.