Blockchain technology is a transparent digital transaction book and records that are immune to modification or deletion. Offering additional features of increased security, cost reduction, time efficiency and error tolerance, the chain-chain grew, fluctuated in 2017. The utility of blockchain technology is unlimited, triggering an increase in the list of companies, industries and government studying its potential adoption. A blockchain is an immutable public book that records digital transactions.
With my research on blockchain projects, I found this project in which I really put my faith:
HCX PAY. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
HCXPAY is a global privacy network powering a financial and health marketplace for unprecedented confidentiality and human condition improvement. The HCX PAY network will initially focus on payment related use cases where trust is an issue, transaction costs are high, and where conditional payments can improve the overall patient experience and can improve the overall patient experience and transparency, and anonymous witnesses validate out-of-clinic events. With the HCXPAY, there will be a very transparent and effective payment transaction as well as a very reduced fee with the provision of healthcare services anywhere and anytime in the world. This is a blockchain based platform that was created by a team of professionals called the HealthCombix to provide a privacy centered insurance as well as an effective healthcare payment network. This will be done so as to benefits the users in all ways as possible. It will eliminate third parties such as the healthcare administrators and other organizations so as to allow for the full development of the sector and the patients data will be ensured so as to allow the users to have the ability to control their data especially for research purposes. The instances of medical fraud will be drastically reduced or eliminated with the decentralized nature of the blockchain technology and the funds will be sure as to reach the right partners.
HCX PAY is a trusted privacy-centric insurance and health care payment network, is the first of many blockchain-inspired capabilities to be developed by HealthCombix to realize its long-term vision. They are;
To create a frictionless insurance and health care experience at a lower cost for anyone, anytime, anywhere.
The vision is to enable decentralized insurance and health care ecosystems around the globe.
The mission is to reinvent the way insurance and health care is done.
The motivation is to empower consumers.
BENEFITS OF THE PLATFORM
It gives them access to a cheaper healthcare costs with a very transparent pricing model. It also has real time and targeted intervention and allow them to have full control over their data. It also provides for human and medical data asset monetization.
For Health Team
In addition to an improved transparency, the health team will receive a much more increased cash flow with a lesser expense. It will have a high data interoperability as well as a very enhanced data privacy and security. They can have access to the direct medical record anywhere and anytime as well as a monetized medical data asset.
As well as an improved transparency, they will have to spend less on healthcare payments, and they will be protected from medical fraud and will also have the opportunity to invest their money into prevention programmes.
The decentralised services as preferred over the existing type is deployed and the goodness is made to spread across to users and the regions where it affects. The payment structure is designed and made a comfortable one for healthcare with the most efficient way. The prices for all the provisions unlike the old structure is low and made affordable for users and it makes the partakers able to leverage on it so well.
HCXpay gives the consumers the support and encouragement needed and stand on its ground to provide the best and retain its integrity. It keeps the flow of services going well and do so well to eradicate the impediments in it.
Once the app is installed, then all that could be done with it will be activated and healthcare services will become available for all.
It has a token (HCXPAY) with the ability to keep the activities of the ecosystem and be used as a currency within it. This makes users able to solicit for any operation and get them without third parties getting involved. The platform has its native token called the HCXP token and this will be used for all sort of payments and transactions done on the platform. The HCXP token is based on the HCXPAY blockchain and it's a utility token. The HCXPAY blockchain uses a Proof of work (POW) consensus algorithm and the CryptoNight hash algorithm to provide the best decentralized network possible in order to achieve the best healthcare delivery services and with the ring signature technology, it will ensure the provision of a lower transaction fee.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the Development roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
For more information, please visit:
Website - https://www.hcxpay.io
ANN Thread - https://bitcointalk.org/index.php?topic=5105652
Medium - https://medium.com/@hcxpay
Twitter - https://www.twitter.com/healthcombix
Facebook - https://www.facebook.com/hcxpay
BitcoinTalk - https://bitcointalk.org/index.php?topic=5105652
Reddit - https://www.reddit.com/user/hcxpay/
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