NHCT (Nano HealthCare Token): Enhancing Health Industry Using Blockchain Technology

Overview:
It is a decentralized blockchain based application which maintains all health records and provides customized diet and incentivises the users to be fit and gives preventive recommendations using artificial intelligence. It has won the HULT prize in 2014, only Indian team to win this prize and successfully raised $1 Million fund from HULT Prize.

Challenges:
With the increase in the income has changed the life style of many people in current generation, people are not taking care of their health, surveys saying in the past 10 years deaths happened due to non-communicable diseases (diabetes, asthma, heart disease) are more than communicable diseases.
One of the major technical issue is lack of accessibility of health records, health data stored in different devices, paper files, ETR (Electronic Health Records). Getting the patient health information at one place is big challenge. Data breaching is major threat to centralized data storage systems.

Solution:
To address the challenges in maintaining health records and prevention of diseases NHCT came up with one stop solution for personized health recommendations based on patient past medical history. Nano HealthCare Token ecosystem is built on the blockchain network. It is serving almost 75,000 lives in last three years. Which is created a network for health service providers and users to offer a total health solution.

Its decentralized storage ensures easy access and maximum efficiency of data available on the network and its distributed ledger technology along with smart contracts which provides security and transparency in the health records.

Token economy:
NHCT is issuing Ethereum based utility tokens called “NHCT” which can be used in the internal ecosystem of the platform for services and incentivisation to the users.

Token details:
Token Symbol: NHCT
Total supply of tokens: 1 Billion
1 NHCT=$0.032
Hardcap: $9M
Softcap: $1M
They have raised $1 Million USD from HULT prize
Allocating 35% of tokens to the crowd sale and 30% to the user rewards.

Team:
Manish Ranjan - CEO
Manish is the CEO of NanoHealth and aspires to make Clinical advancements available, afordable and accessible to people from all walks of life, especially in the developing countries. He aims to use his consulting expertise in designing healthcare systems that reduce the socio-economic burden of chronic diseases. Manish believes in a user engagement model with the right blend of human touch and technology to revolutionize healthcare.

Nagarjuna Vangala - CTO
Naga, 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. His earlier stints included global organizations like Microsoft, IBM, GE, Xerox and Wipro. He has a Diploma in Management from IIMC and MS(CS) UNB, Canada.

Praveen Dwarkanath – Ecosystem Growth
Praveen is 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.

Verdict:
• Pros:
• Project idea is great, it is solving the issues in the maintain health records and providing customized medical recommendations to users with incentivization mechanism.
• Project is partnered with Idea Clinics, Empower labs and Hyderabad Cricket club.
• It is associated with Government of Telangana which encourages the emerging talents.
• Website and whitepaper has detailed explanation of the project
• Core team members are well experienced in various fields like healthcare system, big data, cloud and mobile technologies, etc.
• Advisory team looks great, they have experienced members from web analytics, healthcare system, ICO, blockchain, IT, etc.
• Roadmap is clear about their future goals to be achieved

Cons:
• Core team members are beginners in the blockchain
• Social media hype is poor, its telegram community has 500+ members as of now

Links:
Website: https://www.nhct.io/
Whitepaper: https://drive.google.com/file/d/1GAqoyOxEKgz8CbXUNw7g0HTh95VpvLh7/view
Telegram: https://t.me/NanoHealth
Twitter: https://twitter.com/NHCToken
ANN Thread: https://bitcointalk.org/index.php?topic=4862993.msg43823602#msg43823602

Bitcoin talk Username: anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a