NHCT is stands for NanoHealthCare Token, is a Blockchain based decentralized Health and Wellness ecosystem globally. It was all started in 2014 as NanoHealth where they are recognizing the best solution to tackle Non-Communicable Diseases (NCDs) and won the prestigious HULT and The Clinton Global Initiative Awards. Today, after four years they have been successful in improving and controlling NCDs like Diabetes, Hypertension and Obesity for many peoples.
They are now coming up by integrating Blockchain to build a platform globally in a decentralized manner across the entire healthcare industry as NanoHealthCare Token (NHCT).
There are many challenges or problems facing in the HealthCare Industry such as systemic and technology challenges. In systemic, an existing health industry is not providing lasting health solution with preventive care. They are only focus in providing cure based on symptoms. Providers are not incentivised enough to provide continuous, consistent and co-ordinated care to patients.
The technical challenges are also there in HealthCare Industry. They are –
Currently, medical data is separated and not easily accessible where records are stored on various devices, electronic health records (EHR) prescriptions, paper notes etc.
Data sharing or exchanging has a constrained by workflow issues where lack of interoperability affects patient’s care because it may lead to false diagnosis, inappropriate prescriptions and incorrect treatment of disease.
HealthCare data are likely to hacking and data-thefts where these data is valued 10 times more than credit card data on the black market.
The issue of transactional costs where patients and providers are facing challenges because of using intermediaries which increases overall transactional cost of services.
The solution to above problems where NHCT is come up with their application to integrate with Blockchain Technology. An existing application NanoHealth is focus on to build a solution on preventive, primary and continuous care for NCDs like Diabetes, Hypertension, Cholesterol, Thyroid, Obesity etc.
They are delivering continuous and coordinated care to patients by providing personalized recommendations based on their medical data and existing conditions. They have partnered with the Govt. of Telangana, India, to track and measure health of people in the rural areas of the state.
They are now integrating the blockchain with NanoHealth as NHCT (NanoHealthCare Token) by providing decentralized ecosystem which fosters data security with highly confidential and protected from unauthorized users.
Providing tokenization which enables to build an incentive-based engagement model for users in the ecosystem. Users are motivated to adhere to schedule and focus on their health and well-being by doing positive action and in return they get rewarded with tokens.
They are providing 3-tier token architecture. They are –
Wawa – This is based on person’s calorie burn.
Warma – It requires social proof of activity by verifying a third party within the NanoHealth ecosystem.
NHCT – It is premium token within the ecosystem where it can be used to pay for services from medical and wellness providers.
Manish Ranjan – CEO – He’s a CEO of NanoHealth and aspires to make Clinical advancements available, affordable and accessible to people from all walks of life, especially in the developing countries. He’s having expertise in consulting in designing healthcare systems that reduce the socio-economic burden of chronic diseases.
Nagarjuna Vangala – CTO – He’s is an experienced technology evangelist and blockchain advisor for healthcare, fintech among others. For over two decades, he has been at the core of technology management for product and project implementations. Specialist in leveraging DLT, Big Data, Cloud and Mobile technologies. Previously worked with Microsoft, IBM, Xerox and Wipro.
Praveen Dwarkanath – Ecosystem Growth – He’s a serial entrepreneur, with vast amount of experience in the Indian Startup space. He is known for turning a $2000 investment into a company valued at $4 Million in 36 Months. He holds an MBA from one of India’s top university, IIM Lucknow. Previously he worked in Unilever and Reckitt Benckiser.
Token – NHCT
Total Supply – 1 Billion NHCT
Price – $0.032 USD
Soft Cap – $1M USD
Hard Cap – $9M USD
The Social Media hype is low, but they are very much active on their Telegram Group.
The Website and Whitepaper both explained in detail and easy to understand.
There are 25 members in an executive team who are having expertise in HealthCare Industry, Marketing, PR, Web Designing, Consulting, Big Data, Cloud Computing, DLT etc. Some of them are having working experience from such reputed companies are Microsoft, IBM, Wipro, Unilever and Reckitt Benckiser.
They have 7 advisors on board who are having expertise in HealthCare Industry, Digital Marketing, ICOs, Product Management, AI, ERP, Sales & Marketing, IT, Finance and Blockchain Technology. Some of them are Ph.D. and MBA graduate.
The Roadmap is provided with their milestones till 2020. The MVP as an app is already available on Google Play Store with 100+ downloads.
They have partnered with Idea Clinics, Empowered Labs and Hyderabad Cricket Club.