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WELL – the Platform for a Healthier World

RoonyBlackApr 30, 2018, 5:21:37 PM
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If you want a global network of curated specialists that you can access for you and your family healthcare from anywhere, anytime and in your language, probably the WELL platform can help you. WELL is creating a global blockchain platform for high-quality healthcare. It is designed to provide value to patients, doctors, the society and it is founded on the belief that quality care should be available to all. It is globalizing healthcare and eliminating country borders to directly connect doctors, therapists, psychologists, and other healthcare specialists with patients worldwide. 

Combining the proven success of telemedicine with blockchain technology, WELL aims to solve issues surrounding cross-border payments, data accessibility, and payment risk, while making it possible for the highest quality healthcare providers to serve anyone, anywhere. WELL is trying to solve all these problems connected with that healthcare system is often expensive, cumbersome, unavailable for most of the people worldwide, the access to best doctors is difficult, the difficulties in transfer of patient data from clinic to clinic, the unclarity in charity mechanisms, the lack of transparency. 

The WELL Platform is designed to disrupt and replace the traditional healthcare models by providing easy access for patients everywhere in the world to receive remote access for diagnosing, second opinion and preparation for in-person treatment from the best, curated medical professionals in the world.

If you are wondering what the benefits are for the individual participants in the process, here are some of them. The Patients – lower cost option with technology reducing costs over 30%, healthcare access for travelers expats and repats, electronic medical record system, digital connection to many providers, access to a global network of doctors for second opinion, group buying (blockchain enabled insurance). 

The Doctors – telemedicine solution at no cost for the doctor, collaboration tool with other doctors, training and charity tools, new patients from everywhere, the certainty of payment and access to crypto payments. The Society – lowering healthcare costs through technology, access to data, greater access to medicine. And the Crowdsale Participants – access to a network of doctors, vendors, partnerships and other healthcare providers, ability to participate in healthcare charity activities.

The fundamental unit of value within the WELL system is the WELL Coin token, backed by healthcare services. The WELL token will be derived from a standard Ethereum ERC20 token and will be tradable on exchanges. The platform will maintain one-to-one mapping with legally bound promises for healthcare services from the WELL network of clinicians, redeemable at any given time. WELL blockchain technology will insure timely, frictionless payments for conducted healthcare services without the risk of non-payment or payment reversal typical in the healthcare industry and it will be fast.

So in this picture you can see the WELL token usage and the participants in the WELL network:

A little bit information about the crowdsale campaign. It has started on 04.16.2018. The company is trying to raise $3M USD for their soft cap (which is already achieved) and $28M USD as a hard cap in exchange for their WELL tokens, which will be sold at $0.1 USD each (10 US cents). Their full offering is scheduled for April 16th, 2018 and the minimum starting amount is $1,000 USD for 10,000 WELL tokens (minus discounts). The token distribution – 40% Crowdsale, 40% Bussines and Network Developments, 20% Team and Product launch:

Some details from the roadmap. In 2015 Ildar Fazulyanov, the founder has experienced an accident with his leg and had a bad experience with the healthcare system so the WELL platform software design begins. Then WELL receives Medicare license and successfully sells out $3 million in private pre-sale. In Feb 2018 the Telehealth platform release. 

In 2019 the plans are to have partnerships with government medical agencies, to Launch blockchain group buying plan, to Integrate blockchain with all major U.S. insurance providers, to form partnerships with Japan, Korea, and China and in 2020 to continue global integration with insurance and governmental healthcare systems.

Also if you want to find out more about the ideas inside the platform you can see their Whitepaper where in 47 pages there is detailed information with graphics, images and detailed text about the stages the platform will pass or you can open the site of the company, which in itself contains information about everything you need to know presented in an accessible way again with many images and the pleasant light blue range that the WELL team has chosen for a representative colour.

The other way to satisfy your curiosity is in their blog in the site, the FAQ section for fast information and of course in the social media. WELL have accounts in BitcoinTalk, Twitter (2234 followers), Facebook(4470 followers), Linkedin, Telegram group, Youtube – where you should definitely watch the newest video because it is very funny and pleasantly informative, Instagram, Reddit, Steemit, Kakaotalk, Medium.

A few words about the team. Ildar Fazulyanov, Founder and CEO, born in Russia and studied chemical engineering at the Moscow Bauman University, is a serial entrepreneur with over 20 years of experience in healthcare, fintech, and venture capital. The Co-founder and Chairman of Advisory Board - Alex Prokhorov has a degree in accounting from BYU and more than 15 years of experience in direct investments and financial services. 

Mr. Prokhorov began his career in the financial advisory group of Ernst & Young in New York, advising leading global financial institutions. Roque Espinal-Valdez is the Chief Medical Information Officer - Collaborative clinician who works cross-functionally to anticipate challenges, opportunities and develop innovative Digital Health Solutions, Dmitry Semenov – Development Team Leader, Dr. Matthew Lefferman - Clinical Director, Josh Fonger - Process Architect, Yetkin Timocin – Developer, Istvan Csatari, Ph.D. – Designer. Of course, there is additional information on the site or LinkedIn.

To summarize, I can say that the idea of the platform is really good. The problem with healthcare systems is up-to-date worldwide and any solution for improving it is welcome to discuss. Also good is that the WELL team has figured out how each side of the process will win. 

What I see as a problem is that there are many children and older people, and the older is the largest consumer in the healthcare system so won’t it be difficult for these people to use a blockchain technology that is still not well known and that they would hardly have trusted without knowing in details, and this knowledge requires time and is not certain how successful will be at the end. So according to me, this is something that needs to be thought of and the other thing is that this amount of a thousand dollars to participate is probably too high and would refuse part of the target group.


Disclosure: This article is participating in the ICO Bounty Media Campaign for reward. Please be advised that everything written in the article is my personal opinion and it is NOT investment advice. 


WELL's Site - https://joinwell.io/

WELL's Whitepaper - https://joinwell.io/docs/joinwell-whitepaper-en.pdf

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