Overview of the allegations:

It is alleged that MediChain originally had extremely ambitious promises – they endeavoured to literally save lives through blockchain and crypto.
Consumers reported they proposed a platform that would enable users to have unrestricted, decentralised access to their medical records and history. Allegedly and quite simply, they planned to disrupt a trillion-dollar medical industry and go face to face with the medical insurance markets by ‘permitting users to gain access to specialists anywhere, regardless of the payer network or EMR used.’

Today, allegations have surfaced that the company has nothing to show for the 20m USD raised in their ICO.

It has been alleged that they haven’t released any working product, prototype or MVP, the token hasn’t been released to exchanges, and there is no sign of any development having been done in the 15 months since the ICO was finished.