John McAfee, as we all know, is a polemic figure but you can’t deny the effect he has on the crypto community. His tweets are powerful, and draw allot of attention. Recently he’s been promoting ICOs raging from home repair to gambling projects. But when we recently saw that he was promoting a Healthcare ICO that claimed it was offering Free Basic Healthcare for the world and saving lives we had to see it for ourselves. Not only were we pleasantly surprised by the company and what it does, but its token economics were staggeringly better than most ICOs we have seen in the last year. Let’s explain.
Docademic is a company founded in Mexico City by former Med Students who decided to take it upon themselves to change healthcare for the world by offering Free Basic Healthcare. This may seem simple to grasp but it’s quite complicated and its why their company is now on a path to change the world as we know it and could be compared to great companies of the likes of Elon Musk’s Tesla and SpaceX.
Download the Docademic app, register, press a button and talk to a doctor for free 24/7 Face to face. That’s right free, 24/7, face to face. This sounds easy but its not. Not only do you have to worry about having doctors on call 24/7 to attend to people’s smallest whims like questions about why their head hurts to true medical emergencies, but you also must make sure the quality of the service is standardized. Protocols, ranging from legal and regulatory, are met and the Doctors are incentivized enough to work through this new means. And finally, and most importantly for some, how to make money doing this.
Docademic CEO Charles Nader explained in the public telegram group where he personally responds to questions from the public.
“Docademic has clients in government and private healthcare industry. We provide governments real time data analytics products where they can monitor their population in real time and send targeted messages to certain patients. This service enables the governments to react faster to public health emergencies and improve their public health strategy. Likewise, for private healthcare industry we provide data analytics products that enable companies to see what prescription medications are being prescribed or what pathologies are happening in certain regions. This helps them with their sales strategies. This is how we sustain our amazing Free basic healthcare service”
To try to sum up what this means, Docademic basically found a way to offer free 24/7 Telemedicine by getting companies and governments to pay for the products based on the data they generate. Similar in that sense to what Facebook and Google do, but applied to a direct and very altruistic service. They already have clients like Abbott Laboratories and the state of Hidalgo, Mexico. Docademic has users in 20 countries, only in Spanish for now but they will be expanding soon and that brings us to the second part. Their ICO.
Docademic CEO, Charles Nader, studied at Stanford something called “Technology enabled Blitzscaling”. This was an exclusive course where you had to be accepted to participate and was given by none other than LinkedIn Co-Founder Reid Hoffman, Former Mozilla CEO John Lilly, and Author and Venture Capitalist Chris Yeh. All Silicon Valley Luminaries. These men created a course to specifically teach young entrepreneurs how to create, launch and scale technology companies worldwide and created the term “Blitzscaling” to represent their philosophy. So, Charles Nader not only has these luminaries as his advisors, he also learned the ins and out of scaling an innovative technology, and you can see how he’s already putting these teachings to use in Docademic.
Instead of raising huge amounts of money through the VC route. Docademic has decided to take advantage of their growing service and put their data on a blockchain. “THE” Healthcare blockchain. Docademic already has thousands of users and get new ones every day in multiple c
ountries and they will be offering this massive pool of growing patient data to other companies, research institutions and governments or for anyone to access. Through the innovation of blockchain. How and why? Charles sums it again:
“We believe the future of all data will be on blockchains. We think its best for humanity to benefit from having data on blockchains since it makes data access more transparent and secure. In the future AIs will consult these blockchains and people won’t have to worry about getting their data hacked. Smart contracts will take care of the input and output of data to the blockchain. We are creating the healthcare blockchain and will be offering the data including the data we generate to anyone who wants to use it.”
Basically, Docademic already generates lots of data daily in multiple countries. It will expand its services to more countries and will add to the massive amount of data generated and its logical to put it on a blockchain for anyone to access under a specified set of rules. By creating this blockchain they are also the first to benefit from it by selling products and services that access that data and creating the cryptocurrency needed to interact with the data. They call it MTC or Medical Token Currency.
Now for the cherry on top, their Token economics. Docademic launched its ICO based on their calculations to expand their services to the US and Europe. The most valuable healthcare data markets. They know that if they can expand to those areas their expansion to other regions of the planet will come soon after. Since their ICO hard cap is based on the money they actually need to expand, less than 12 million USD, its less than half of what many other ICOs hard caps are that are only on paper. This coming from a company with a working service with thousands of users already present across two continents.
Docademic believes everyone should benefit from this service so their token supply of 1 billion is perfect. This means that people who buy the ICO now get allot of tokens for every dollar they spend. From a company that already has clients in both Private industry and government.
For these reasons, based on our analysis of comparable ICOs and tokens currently on exchanges, we believe that the Docademic ICO will most likely be one of the highest value ROI ICOs and blockchain projects ever. Not only that, we believe it may even be one of the most significant technological innovations of our times. Good choice Mr. McAfee. Its nice to see you putting your power for the benefit of humanity.