Thursday, April 5, 2018

Digipharm Is Using Blockchain Technology To Deliver Value-based Healthcare Solutions.


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Introduction

The healthcare delivery sector has been in need of a reform for a long time now. This is evident from the many attempts around the world to try to improve the workings of this sector. Cost of healthcare services has been shooting up without the available resources matching up. The rising cost of medical treatment means that those who need it the most might be at the risk of not being able to afford the medical treatment they deserve. The amount spent on prescription drugs is projected to hit $1.5 trillion by 2021.
One way to improve healthcare delivery would be to digitize the entire sector and also move to a point where medical practitioners are rewarded for the value they bring. The value a healthcare personnel brings is evident from the reaction of the patient. This system should incentivize healthcare professionals to continuously improve and develop innovative drugs because the more they do that and provide value, the more they get rewarded.

Digipharm

Digipharm aims to improve the healthcare delivery sector using the blockchain technology to provide truly dynamic innovative pricing solutions and develop the world’s first ‘live’ Real World Evidence (RWE) platform. This will be achieved by creating two platforms; the Reimburse Platform and the Insights Platform. These platforms are a mix of public and private blockchain based solutions that make the delivery of value-based pricing agreements possible to stakeholders. With these platforms, the delivery of personalized healthcare solutions is made possible.

Features of Digipharm

Digipharm posses features which make it stand out and makes it possible for it to achieve the lofty goals that have been set. These features work together to provide a future where Digipharm becomes the pioneer of value-based healthcare delivery, innovative evidence generation, and patient empowerment across the healthcare industry using revolutionary blockchain technology.

The Reimburse Platform

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By harnessing the beneficial features of automated smart contracts, the Reimburse platform will allow the application of flexible pricing models and patient access schemes between healthcare providers, payers, and manufacturers in real-time.

The Insights Platform

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Users subscribe to this platform, the world’s first ‘live’ real-world evidence (RWE) database, in other to gain real-time access to anonymized patient data sourced from the Reimburse platform.

Private Blockchain

Due to the presence of confidential data in the form of patient's health records, a completely public blockchain would not sufficiently meet the needs of the Digipharm platform. The need for anonymity, privacy, and to allow users control their own identity has made Digipharm make use of a private blockchain.

Ecosystem

Participants in the Digipharm ecosystem include; patients, payers, manufacturers, providers. The patients could be incentivized to contribute their health-related data if they choose to. The payers are the insurance providers or government entities who reimburse manufacturers (pharmaceutical companies). The providers can be grouped under the term healthcare practitioners and they include hospital networks.

Charity

Digipharm will set up a charitable foundation and allocate 0.5% of the ICO proceeds, and 2.5% of the net profits annually to help develop health-related services that are sustainable.

Token details

The Digipharm Tokens (DPH), is an ERC20 token with a fixed total supply of 100 million. The DPH will be useful on the two Digipharm platforms; the Reimburse and Insights platform. On the Reimburse platform, DPH will be used to register patients unto the smart contract and execute the smart contracts. On the Insights platform, DPH tokens will be required to gain access or execute certain data requests from the database.
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ICO Details

The Pre-ICO will begin on May 1st, 2018 and will be on for 4 weeks. Participants will be able to purchase DPH at the base price of $1 with a pre-sale discount of 35%. There will be a total of 15 million DPH during the pre-sale.
After the pre-sale is done, there will be 50 million DPH available for sale during the main token sale. Participants can receive up to 25% discount on their purchases depending on what stage they join in.
Any token not sold after the token sale will be burned.

References

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