Patientory is a Ethereum Blockchain solution for the healthcare market. Their plan is to revolutionize patient health management using blockchain technology by allowing health management and healthcare organizations store and transmit information using the security and smart contracts capabilities of the blockchain. They will also enable healthcare professionals manage their care with enhanced social media connections via peer to peer patient engagement.
The app allows users to create a profile that keeps track of their complete health history. This app is free to users and allows them to track all of thi information related to their health care from doctor visits to things like immunizations and medications.
Patientory CEO, Chrissa McFarlane says: “In order for the US to successfully move away from the fee-for-service model to the current value-based model, there has to be a healthcare IT infrastructure that allows organizations to link quality, value and effectiveness of medical interventions through a reputable compensation model.”
The Need For Patientory Technology
One of the biggest issues addressed by Patientory using the blockchain as the base for its information is its ability to conform to HIPAA Security Rules. By using the blockchain and encrypting patients information over a decentralized network they meet the HIPAA requirements. In their whitepaper, Patientory addresses some of the details of how they conform to the three main requirements of HIPAA; The Privacy Rule, Security Rule and the Cloud Computing Guidelines. For more information you can see their whitepaper with the link below in the Resources Section.
Another benefit of the Patientory system is that it cuts costs and unnecessary services like duplicate testing while improving the continuum of the care cycle. In theri whitepaper they explain as follows: “There are promises of improved data integrity, reduced transaction costs, decentralization and disintermediation of trust.”
Patientory Roadmap From Their Token Sale Page (Link in Resources)
Patientory Initial Coin Offering (ICO)
The ICO will begin on May 31, 2017 and end on June 28, 2017. They have a Presale Bonus Structure with a minimum commitment of 40 ETH which gives a 20% discount. Here are more details:
- Price of PTOY without bonus: to be confirmed on 31st May
- Bonus: 20% bonus the first 10 days/10% bonus the next 10 days/0% after that
- Minimum objective: 5.000 ETH
- Max PTOY total supply: 100.000.000 PTOY
- Max PTOY sold by crowdsale: 70.000.000 PTOY
- Min PTOY sold by crowdsale: 2.295.000 PTOY
- All unsold tokens will be burned
It is interesting that this one of the only ICOs that I have seen so far that the price is not yet determined. In some ways this makes it hard for contributors to participate in the pre-sale. On the other hand, it makes sense because the price of ETH, on which the contributions will be made, has been very volatile. So it goes to protect Patientory and the contributors as well.
Patientory ICO Begins: