Blockchain-based Telemedicine Platform WELL Launches ICO on February 25
| Updated by Alexandra Sayapina · 3 min read
Solid experience in the healthcare sphere combined with all the advantages of blockchain technology can change the standards of medical service in the near future.
Cutting-edge technologies make their way into medicine. Today robots can perform surgical operations, completely new organs can be created artificially. Lots of innovations are now used in the service of health.
No wonder blockchain found its place in the sphere of medicine. A team of specialists from both medicine and IT spheres is working on creating a platform that provides high-quality healthcare. They started WELL: that rare example of naming characterizing the whole project.
WELL-Thought Approach to Healthcare
Even though the development of technologies has massively benefited to the medicine, it still stays rather conservative. Most of the everyday activities have changed due to the advent of technological era: one does not have to leave home to work, communicate or do shopping. WELL has taken all the advantages of online business and combined it with the privacy and advanced payment technologies of blockchain.
WELL is global platform that connects doctors to the patients directly. The launch of the web platform has been officially announced and at the moment registration is already open. Over 13 thousand people have got help from over 1,600 professionals in 2017. The first users of the Web platform can already enjoy the wide range of benefits of WELL.
Patients do not have to leave their home to get professional medical conclusion. That is an advantage that does not need to be proved. However, for some categories of people video consultations may completely change the level of medical service.
Elderly or disabled people can get to any doctor they need without any obstacles. WELL is also providing patients with a choice of doctors. The choice of specialist one visits no longer depends on person’s location. That may not be over-important for people who live in big cities, but it completely changes the rules of the game for distant locations.
Doctors use WELL to organize their practice in a more efficient and convenient way. The amount of patients they can help increases while the associated costs, like renting an office, go down. WELL is also providing doctors with an opportunity to consult with their colleagues all over the world and get fast access to collateral consultations from profile specialists.
Blockchain-based Solution to Global Problem
The idea of online medical consultations is not a new one. However, there have been several problems that prevented this approach from becoming widespread. One of the important factors is privacy. Doctors deal with extremely personal information – and patients want to keep it to themselves. The blockchain technology allowed WELL to provide its users with the required level of security. The decentralized technology sets new standards for the storage of medical data.
The second problem that is solved with the help of blockchain is payment. WELL has issued its own WELL tokens that can be used to pay for the doctor’s services. Usage of the internal cryptocurrency is a big step towards the equal opportunities for people from all over the world. Blockchain helps WELL to avoid the cross-border payment problems and make the platform truly global.
WELL has a long history of development: it started in 2015 and at the moment the platform has successfully sold out $3 million in private pre-sale. The project has not only attracted dozens of hospitals and home healthcare agencies, but partnered with such healthcare giants like Medicare, Veteran Affairs and myMatrixx.
WELL ICO is to be launched on the 25th of February. The hard cap is $28,000,000.
Alexandra is a software engineer who specializes in core banking systems development for financial and IT spheres. Taking strong interest in blockchain, cryptocurrencies, and IoT, Alexandra got deep understanding of the emerging techs believing in their potential to drive the future.