NHCT ICO Review

5 min readNov 1, 2018

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What is NHCT?

NHCT is a total health management platform that is built on the philosophy of preventive rather than reactive medical care. It uses blockchain to counter systemic issues that plague healthcare of today like high costs, data fragmentation & data security.

NHCT uses Blockchain to create a global, decentralized health & wellness ecosystem. Introduction of a distributed ledger helps NHCT facilitate:

Enhanced Data Protection;
Frictionless Data Exchange;
Data Integrity by the use of smart contracts;
Incentivized Engagement using Tokens.

Nano Health Care Token: (NHCT) is creating an advanced healthcare ecosystem capitalizing on innovative data sourcing methods by integrating their existing model with the blockchain technology. The project already has a functional model operating for last 3 years with over 75,000 subscribers. The NHCT ICO is aimed at developing a healthcare model which not only provides for optimum health care to the public at large but it also helps the major stakeholders in the healthcare industry including medical practitioners, insurance providers, and more. The fact that healthcare is one of the fastest growing and an evergreen sector makes NHCT ICO even more interesting. Moreover, back in 2014 Nano raised $1 million winning the prestigious HULT Prize and the Clinton Global Initiative recognition for the best solution to tackle Non-Communicable Diseases (NCDs). In this Nano Healthcare Token (NHCT) Ico review we explore how NANO healthcare will revolutionize the healthcare data storage and use, how impactful the project is, what they have been up to and what they are trying to achieve further with the integration of the revolutionary blockchain technology with their model, and analyse their ICO which is truly tempting for all good reasons.

Features

NanoHealthCare Token (NHCT) will power a blockchain-driven healthcare and wellness ecosystem based on an existing NanoHealth application. The solution provides access to a wide range of care providers, such as doctors, specialists, pharmacists, etc. They help users maintain healthy lifestyle and provide personalized recommendations. To improve their product, the team introduces three tokens: Wawa, Warma, NHCT. The first will be used to reward users for burning calories (proof-of-care), the second will also be used to reward users for certain activities, but these activities will need to be verified by a third party. NHCT is the main token that is used for payments in the ecosystem.

Integrating Blockchain Technology

Nano Healthcare ICO integrating its current model with blockchain technology

Nano Healthcare is integrating its current model with the blockchain technology for advanced data security and decentralized storage; not to mention that medical data is crucial as just in the Q1 2018 1.1 million patient records were compromised in 110 healthcare breaches. Integrating blockchain technology NHCT will have a robust preventive healthcare model that ensures seamless exchange of data with distributed ledgers, allows incentive based engagement using tokens to generate high quality medical and wellness data points and makes it easy to integrate applications and tools using smart contracts.

NHCT ICO Details

To develop the ecosystem NHCT is launching an ICO. They have successfully concluded their ICO private sale starting August 2018. The total number of NHCT tokens to be created is fixed at 1 Billion tokens. A total of 35% of the tokens created is made available for sale. The minimum funds to be raised ie the soft cap is fixed at $1,000,000 and the hard cap at $9,000,000. There is a KYC requirement to participate in the token sale and the whitelisting process starting 1st September will take place until the end of September 2018.

NHCT is having a pre-sale and public sale of their premium tokens and the base price of the token is fixed at $0.032 USD.

The token sale timeline

Nano Healthcare Token Team

NHCT team is a lot of experienced industry experts and professionals. Their CEO, Manish Ranjan, aspires to make Clinical advancements available, affordable 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. Nagarjuna Vnagala, member NHCT leaderboard 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. As a process Champion, he achieved ISO / SEI CMM assessments in record time. They also have a team of experienced advisors and established names in the industry like Adam C. Powell, Ph.D., the President of Payer+Provider Syndicate, a management advisory and operational consulting firm focused on the managed care and healthcare delivery industries.

Advantages

The NHCT project is more than an idea as they have already been operating for past three years and have a significant user base with their app witnessing over 75,000 users over the past 3 years.
Their model has proper use of blockchain technology as it will very likely to charge up their entire business model and also provide it an edge over the competition.
The healthcare market is huge and the preventive healthcare remains largely unexplored. Bringing in technology at this level in the healthcare sector can make NHCT a leading enterprise.
The social capital that this model would earn cannot be underestimated as it is actually helping both the medical practitioners and those seeking their services.
They have already got recognition with the prestigious HULTZ prize and have raised $1 million back in 2014.

Concerns

Reaching out to global markets the project will face tough challenges due to the stiff competition out there. However, the size of the market is growing and with a streamlined marketing and focussing on their core ideas of preventive health care NHCT can create a space for itself.
The NHCT project will have to focus on a sustainable user acquisition model, however, their incentivization of activities on the platform with tokenization can help them get much required and well-deserved traction.