Health, as they say, is wealth. Unfortunately, it doesn’t take much to bring either down. Recently, managing one’s health has become the focus of a generation living in a fast-paced world. Award-winning wellness platform, NanoHealthCareToken (NHCT), has announced the development of a blockchain-powered ecosystem to tackle the problem.

Prevention is Better than Cure

With offices in India and the Cayman Islands, NHCT is bringing wellness and preventive solutions addressing the systemic issues plaguing current healthcare treatment through blockchain technology. The 2014 winner of the prestigious HULT prize, NHCT is slated to raise $9 million USD (hard cap) by the 15th of December, 2018, through a crowdsale event. There will be pre and main token sales which will be geared at raising funds towards the further development, enhancement, and adoption of its existing healthcare app. The app can be downloaded on the Google Play Store and iOS App Store

NHCT’s crowdsale will uniquely feature guaranteed capital protection for contributions over $100,000 USD. These contributions will be secured against equity backing, which will safeguard it. The token presale starts on October 1, 2018, rewarding all contributions with a generous 35% bonus. 350 million tokens will be available for contributors during both events.

Built on a philosophy of preventive, rather than reactive, treatment for health care, NHCT is addressing the high costs of the current medical care system due to data fragmentation, security, and accessibility. Since winning the HULT prize and receiving a seed funding of $1 million, NHCT has dedicated itself to creating a globally accessible, decentralized health and wellness ecosystem.

NHCT is led by its visionary founder and alumnus of IIT Bombay and ISB Hyderabad, Manish Ranjan, who expounded on NHCT’s mission:

“There are a lot of inefficiencies in the way healthcare is managed. The user data is not all in one place, is prone to security issues like hacking and above all the accuracy is a big challenge for both the payers and providers. Our idea is to gamify the entire system by using tokens. We incentivize users to stay healthy via tokens that can be redeemed to avail services like gym, wellness, lab tests among others; while payers and providers get the advantage of accurate data & lesser claims. We are trying to make the entire ecosystem efficient.”

NanoHealth has been instrumental in delivering coordinated and continuous care for 75,000 users through “health coaches.” Health coaches are highly skilled and trained medical staff providing both personalized care and authenticating data for an increased level of adherence amongst users.

Nagarjuna Vangala, CTO of the company with over two decades in managing enterprise-scale applications, had this to say:

“Blockchain is a natural fit for what we are trying to achieve at NHCT. Its inherent security & decentralization is perfect for correcting what ails the healthcare of today. The idea is to give the control of data back to where it belongs: to the users.”

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