Category: Contributions

KaratGold Coin (KBC), a game changing cryptocurrency representing cryptonized gold that can be transferred cost efficiently, securely and in real-time across borders, is now listed in HitBTC. A venture from KaratBars International, KaratGold Coin has recently completed a highly successful ICO that secured investments worth over one hundred million USD.

June 24, 2018

KaratBars International is pleased to announce that their gold-based cryptocurrency KaratGold Coin (KBC) has been enlisted recently in HitBTC, one of the leading cryptocurrency exchanges. The first ever cryptocurrency to tie its value to the price of gold, KaratGold Coin has recently concluded one of the most successful ICO campaigns ever with a collection of well over one hundred million US Dollars.

Gold has served as international payment as well as investment means for more than four thousand years. Though the modern-day legal currencies are no longer backed by gold, many central banks around the world still make use of gold as their currency reserve. The core idea of KaratGold Coin (KBC) revolves around providing an effective solution to the volatility and unpredictability of cryptocurrencies by utilizing the stability and reliability of gold.

The architecture of the KaratGold Coin (KBC) ecosystem is based on the safe, cost-efficient and fast Ethereum blockchain protocol and proven financial hedging strategies.  Unlike many other utility tokens, this coin has been designed to be a crypto asset backed by a certain tangible amount of gold. As a result, the long term stability of the coin is ensured by its gold collateral.

KaratGold Coin is the brainchild of Harald Seiz, a German entrepreneur and financial industry veteran. The foundation of KaratGold Coin (KBC) was built by Harald’s first product CashGold. This is a user-friendly payment system where small gold bars are represented on a specific type of paper resembling a bank note.  The ecosystem also comprises of KaratPay and the KaratGold Wallet.  The former is an online platform that facilitates the electronic registration of the CashGold. On the other hand, KaratGold Wallet allows users to buy, sell, hold and manage different cryptocurrencies along with cryptonized assets.

Some of the key benefits of KaratGold Coin are

• Related to 24 carat gold
• Appropriate quantities of KaratGold Coins are exchangeable into CashGold at any time
• Facilitation of real-time payments anywhere and anytime
• Cost-efficient
• Bitcoin and other cryptocurrencies can be used for the purchase of the KaratGold Coin
• Free and borderless transfer
• Increasing substantial number of points of acceptance
• Low fees payable by merchants for the use of the KaratGold Coin and the KaratGold Ecosystem

“The global acceptance and recognition of gold as a safe and secure harbor will make the Coin and the CashGold one of the leading payment alternative worldwide, “ explains Harald Seiz. “Therefore, holders of Coin will not only enjoy protection against inflation and vague governments and economies, but also have the opportunity to participate in the value increase which will be achieved in the future.”

Three of Asia’s largest gold trading firms have already partnered with KaratBars International to execute several million gold transactions on a daily basis. Moreover, a high percentage of the company’s 480,000 CashGold product owners have purchased KaratGold Coin to own small amounts of 24-carat gold. KaratBars International is also in the process of opening one of the world’s earliest fully licensed cryptocurrency banks in Miami, offering an exquisite range of services for the traders, investors, investment firms, and individual consumers.

Enlistment in HitBTC is a significant step forward in this project and KaratGold Coin (KBC) is soon expected to make its way to other popular exchanges including Poloniex, Bithumb, Bitfinex, Bittrex, and many others. The coins are currently trading at one cent, and this value is just on the verge of going up by leaps and bounds as it is completely immune from the normal currency fluctuations and market swings.

To find out more about KaratGold Coin, please visit https://karatgold.io/

About KaratGold Coin: KaratGold Coin is a blockchain-based cryptocurrency that is linked to physically deposited gold in the form of the so-called CashGold. A certain number of KaratGold Coins can be exchanged for the appropriate amount of CashGold at any time. It is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.

Website: https://karatgold.io/

Email: info@karatgold.io

Jonathan Swerdlow received this Tuesday June 19th the Best Innovation Award for his company Game Protocol at the Blockchain Alternative Investment Conference, BAICOnf. The conference, held in London, unites innovative blockchain companies from all over the world. The jury was composed by Scheglova-Goldfinch, Helen Disney, Toby Lewis, Veronica Mihai Das and Ismail Malik.

The prize winning Israeli company wants to simplify the creation process for game developers raising funds via token sale. Creators raise funds for their game idea with a token created specially for that purpose and then Game Protocol has an online shop that allows them to commercialize the game using the same tokens used for funding it.


Swerdlow added “This award is for all the people who collaborate with Game Protocol who make this the best gaming company out there, but also for our investors who believed in us from the beginning.”

Despite the longer-than-usual public sale phase, a flurry of activity in the purchase of LCS Cryptoshares kept the LocalCoinSwap team busy late into the night on Friday 15th June, with a last-minute surge of interest in acquiring dividend-yielding shares in the latest decentralized cryptocurrency exchange.

But now over 40 million LCS tokens are sold and distributed there’s no rest for the development team, who remain on track to launch the exchange to the public in August 2018.

“The ICO was a fantastic experience”, explains COO Daniel Worsley, “But it’s just one stage in the complex and demanding process of building and launching a fully-inclusive decentralized cryptocurrency exchange, to meet the needs of users in any part of the world, and with broadly varying levels of experience in trading. We’re not going to be dropping the pace at all, as we put the investment to immediate use building the tools are users are waiting for”.

Because as well as raising the funds we need to operate, the ICO was undeniable proof-of-demand, for a new user-owned exchange designed to accept any fiat currency as a point of entry into the market:

“Throughout the sale, whilst also working hard to immediately reinvest all the funds raised into critical development activities, we were also listening to our very active communities – and maintaining complete transparency as our development proceeded”, Worsley continues. “We’ve found their feedback and ideas invaluable, in shaping the tools we’re creating for traders to use. We’ve been able to learn a lot from existing platforms and the pain-points that investors have identified, and we’re committed to giving them access to a safe, powerful and clear interface, which can be used to trade a growing number of top-rated cryptocurrencies and tokens.

“We now have over 7000 users poised to start peer-to-peer trading, and that’s vitally important, because LocalCoinSwap is all about community. They’ll be interacting in social forums, building trust and knowledge, as well as contracting directly with one another (using our secure escrow trading tools) to buy and sell their cryptos.

“Many of those users are keen to get involved with beta testing, and we’ll be rolling out access to our platform in stages for our earliest investors, before the end of the month. We’ve been putting those funds to good use, expanding the development team, and working hard to assimilate new tokens and partnerships into our launch plans.  Please be patient if you’re waiting for a beta-invite – we will be on-boarding new users in careful stages, testing continually, and ensuring that security remains front-and-center at all times.

“If you can’t wait for the beta and you want to see what we’re building, check out our Youtube channel https://www.youtube.com/channel/UCfUR13Y6dzv84EPG9uY1BUA – we’re releasing sprint updates, AMAs and behind the scenes footage – including the burning of unsold ICO tokens as promised. Transparency remains absolutely fundamental to our ethos, and we’ll be continuing to share our progress over the coming weeks as we count down to launching the exchange.”

You don’t need to be a professional bettor to make easy money on the World Cup matches with this promotion from 1xBit!

The 2018 FIFA World Cup that will take place in Russia later this month is the perfect occasion for everyone to celebrate, meet with friends and just enjoy the quality time and thrills provided by this international event.

What if you could do more than just watch the games on a big screen when you’re going out with your friends? What if you could be part of the game and make things a lot more interesting? If the answer  is yes then you’re in luck, because 1xBit has prepared a promotion just for you.

Earning money and having fun at the same time? With 1xBit it’s possible! . Creating an account takes only a few seconds, and that’s not just a figure of speech. Afterwards, every bet of 2 mBTC that you place on any World Cup match starting  June 13th gets you with a ticket and automatically qualifies you for the lottery where you can win 100 mBTC daily.

It’s as simple as that, no other requirements or complicated Terms and Conditions, simply create an account and you’re good to go. Chances are that you’re already rooting for your favorite team so why not take advantage of that and multiply your winning chances with the lottery organized by 1xBit that has a total of 116 winners daily?

The more tickets you have, the greater your chances of winning are.1xBit makes it easy for you to collect tickets because all bets during the day are taken into consideration and accumulated towards the final ticket count. So, if you bet a total of 2 mBTC you get one ticket, 4 mBTC gives you 3 tickets, 8 mBTC gets you 5 tickets and so on. The maximum  you can get is 100 tickets t if you bet a total of 50 mBTC in a day.

Remember, this promotion is only available for 1xBit registered players, so you should create an account right now in order to be eligible for it. Have unlimited fun this summer with 1xBit and the FIFA World Cup.

Naviaddress, location ID management project, engages the community to write and share a post about the project to spread the word about the project.

Naviaddress, the company which develops, markets and operates an address platform is now utilizing blockchain technology to provide people and businesses the ability to create, obtain, own, lend and sell their digital addresses, launched a marketing campaign encouraging users to generate and distribute original social media content about the product in return for tokens of the project. The campaign, called ‘Spread The Word’, is scheduled to proceed until June 22.

In order to take part in the campaign, the user is supposed to create an original Medium, Steemit, or Reddit 600+ word article in English on one of the following topics: real-life use cases for Naviaddress; how the Naviaddress blockchain solution tackles the real-world pain points; how the Naviaddress blockchain solution can be compared to other non-fungible token format platforms; and how Naviaddress helps the blockchain adoption around the world.

For each article created, the user is going to receive 600 NAVI, and for the first 50 engagements (comments, shares, and claps for Medium; upvotes and comments for Steemit; upvotes and comments minus downvotes for Reddit), additional 100 tokens. Tokens will be sent in two batches on June 29 and July 29.

 

For other requirements, qualification criteria, rules, step-by-step directions, and other details on the campaign, see the project’s Medium post.

 

Naviaddress ID on blockchain will simplify the way transactions are conducted by and amongst online retailers, delivery and other businesses – without compromising privacy or security. Today, 20 percent and up to 80 percent of addresses in developed and developing countries respectively are not verified from the first time due to mistakes in address spelling, address verification and “last-mile” problems.  Naviaddress provides the solution for e-retail and delivery businesses –  a trustless verified by transaction and geo coordinates precise ID of users’ locations linked to user generated metadata. The solution will cut the wastes drastically.

The company was founded in 2015 in Cyprus. Nowadays there are teams working in Moscow, Cayman Islands, Germany, Canada and India, new office in Singapore is going to be opened in Q4 2018.  The company actively works on implementing the new international addressing standard which is relevant for the modern digital world. For more information, please, join the website www.naviaddress.com.

 

Want to cash out Ethereum or other cryptocurrencies from an exchange instantly without paying ridiculous fees? ORCA can help you. The passage linking cryptocurrencies together regular finance is being laid. Yesterday ORCA Alliance has presented their technological case for the community during a live event streamed online. Mere 6 seconds. That’s how long it took ORCA to complete a transfer from a cryptocurrency exchange straight to user’s bank.

The demonstration was opened by Laurent Bourquin, Chief Operating Officer of ORCA and former investment bank analyst who presented the changing landscape of global finance.

“The whole banking sector is being disrupted <…>. A couple of years ago it had been inconceivable to think that a start-up can enter the closed market of retail and investment banking and take over a part of its market share” – claimed L. Bourquin.

According to him, new IT-based market players are challenging banks and providing cheaper, more efficient services. To intensify the changes further, Open Banking is already making it’s way to Europe while other countries are watching closely to jump onboard. Most importantly, cryptocurrencies are capturing people’s attention and have become the most recent trend widely discussed in the world of finance, especially due to the fact it is including and making regular people interested in finance.

Natan Avidan, the co-founder, and CEO of ORCA Alliance gave a broader presentation about ORCA and what problems does it aim to solve. ORCA is a financial management tool oriented for cryptocurrency users which connects various financial accounts through their APIs.  N. Avidan said that mass cryptocurrency adoption would be reached only if the market becomes more user-friendly, facilitating ease of access to technologically uneducated users.

The technological case itself was presented by Dmitrij Radin, Chief Technological Officer of ORCA, with the help of a vending machine which helped to verify that funds were received. The transfer took only 6 seconds, ten times shorter than was initially expected.

ORCA’s solution is set to relieve loads of issues tormenting cryptocurrency adopters. ORCA is building an Open Banking platform that will make everyone’s banking experience convenient and simple. Users will be able to connect, track and manage their financial accounts from European banks, e-money institutions, cryptocurrency exchanges, and wallets. ORCA is providing an all-in-one banking solution.

“At the core, ORCA is a consumer application, and we are well aware that mass adoption can be reached only through practical use cases and convenience benefits. Instant crypto withdrawals are just a stepping stone towards our goal albeit an essential one.” – commented Natan Avidan, CEO of ORCA Alliance.

ORCA started making waves in the crypto community. Fintech start-up recently announced a partnership with an e-money institution MisterTango which is operating under the supervision of European authorities. Soon enough they presented the technological solution for momentous crypto withdrawals and plans to release introductory version of the platform before the end of June. The timing of ORCA to create a consumer-oriented application for personal banking including cryptocurrencies is impeccable.

More information about ORCA: https://orcaalliance.eu

OSA DC has penned a partnership with DalongPay, a payment platform that bridges the gap between crypto and traditional currencies.

Founded in December 2016 with the goal of delivering convenient payment instruments to the emerging crypto community, DalongPay is a crypto-to-fiat payment system. It acts as an easily accessible bridge between fiat currencies and crypto currencies. The system allows its users to buy crypto online with bank cards, as it allows them to sell and swap crypto and fiat freely using the bank card and transfer between the two types of currencies using DalongPay’s system. DalongPay currently supports Bitcoin, Litecoin, Ethereum, Dash, and Zcash.

Approximately 15%-20% of ICOs use fiat for contributions, while more than half of 2017s most successful ICOs accepted fiat during their token sales. The team believes that the service will be greatly beneficial to the OSA DC community, it’ll make purchasing OSA tokens easier and more convenient than ever before. It’s the first step OSA token sale participants can take towards become smart consumer’s on the OSA DC platform, as they’ll have easy access to liquidity and a sure-fire way to participate in the ecosystem even if they have no prior experience with cryptocurrencies.

“At OSA DC, we cater to the smart consumer, so it’s only natural that we’d want to provide every avenue possible for them to participate in the token sale,” Alex Isaiev, co-founder of OSA DC stated regarding the developments. “Now it’ll be easier for our community members to get involved with the project, opening up avenues for even more smart consumers to join us in our pursuit of a perfected retail experience.”

Building on its predecessor the OSA Hybrid Platform, OSA DC combines blockchain technology and cutting edger artificial intelligence to help retailers and manufacturers better manage their inventories. With OSA DC’s blockchain, producers and sellers can track their products with pinpoint accuracy, while its AI digital assistant will allow them to devise more precise business strategies and help retailers to manage stock-outs and inventory issues in real-time. Consumers will benefit from the platform, as well, utilizing its AI assistant to tailor shopping choices and to commit data to the network in exchange for OSA tokens.

At the moment, DalongPay applications for iOS and Android are already available for users. For companies wishing to conduct an ICO using DalongPay, the organization has developed an API for acquiring and instantly converting fiat currencies into cryptocurrencies.

You can learn more about OSA DC here and more about DalongPay here.

Blockchain technology is very hot right now. Many global companies and financial institutions have implemented forms of the technology, to help improve the reliability and security of their processes. Forbes has recently reported that even the IRS is hoping to reap the benefits of the technology. One of the industries that could potentially see the greatest improvements from implementing blockchain technology is the online gambling industry.

The technology would deliver what customers and reputable online gambling providers have long since sought; a way of providing permanent verified information that is not open to any form of manipulation. This is a major change for a gambling industry that has sometimes suffered from a lack of trust shown by customers and been hampered by current verification systems which can be cumbersome and unwanted.

Early days of blockchain technology for online gambling

It’s still fairly early days for blockchain technology in the world of online gambling. However, many online casinos already accept cryptocurrencies like Ethereum as a deposit method. Here is a reliable list of recommended sites that provide Ethereum as an option in their cashier. Online casinos are also already implementing their own systems for the completion and signing of smart contracts.

A major sign that blockchain technology could be the way forward for online gambling is that Malta, the center of Europe’s Igaming has recently approved three separate cryptocurrency bills. The content of the bills concerns the legalization and regulation of cryptocurrencies for use in online casinos. This means that online casinos will have a way of being regulated and certified in the use of cryptocurrencies. The Digital Innovation Authority has also been formed, in order to keep check on information which is stored on  Distributed Ledger Technology platforms.

Why could blockchain technology be so important?

Online gambling is big business; it accounts for around 25% of all gambling revenue. This means that billions of dollars every year can be made in the gambling industry. The problem is that there are several issues which can have an adverse effect on the ability of the online gambling industry to reach its full potential; not least a perceived lack of transparency and trust.

Technology, such as that used for the Ethereum blockchain, enables the construction, signing and sharing of digital contracts between players and casinos. This means that it will no longer be possible for less reputable companies not to honor promises that have been made. This should mean that disputes will be a thing of the past and that the system of payouts will be quick and problem free. Of course, it’s possible that we will not see these benefits immediately, but blockchain technology certainly has the potential to ensure that these changes happen.

Transparency even behind the scenes

One of the biggest issues that online casinos have had to deal with is the common perception that they are hiding things from players. This could be anything from results to winners and the amount of money that is paid out in prizes. The public has a general belief that much of this type of information is hidden away from them. This often means that the profits from online gambling are not maximised and that the optimum playing experience is not achieved. Bringing blockchain technology into the online gambling arena has the potential to revolutionize it, by removing these issues.

This is a huge positive for online casinos. Many reputable casinos have previously suffered because rogue casinos gave the industry a bad name. How many times have you heard players bemoan the fact that the house always seems to win? If this type of concern becomes prevalent, people can start to stay away from a certain casino. This is no good for the industry. Using blockchain technology means that information is shared across everyone, so it’s not possible for casino to hide anything. This should mean that people have more faith in online casinos, meaning that they start to play more and the revenue of the casinos increases.

Cutting back on player fraud

It’s not just from a reputational point of view that online casinos will benefit from the ongoing use of blockchain technology; they should also see a reduction of losses due to player fraud. There are many different ways in which people who want to cheat the casino can do so; popular options are to hack into the casino or make fraudulent transactions in the cashier. This type of fraud can cost online casinos a lot of money. Using blockchain technology means that online casinos can ensure the security of transactions. Having distributed ledger technology in place means that all winnings are automatically calculated, and the results can clearly be seen by all. Smart contracts are in place and everything is completely open to scrutiny. This means that fraudsters should not be able to manipulate wins any longer. Preventing these losses from fraud is potentially a huge financial benefit for the online casino industry.

Simple payment options

Blockchain technology is obviously closely linked to the use of cryptocurrency, although its use has now gone far beyond that single realm. This original use of blockchain technology provides one of its most useful benefits when it comes to online gambling. The use of cryptocurrencies means that players are not restricted as to how and where they can gamble online, depending on the jurisdiction in which they live. These restrictions can be severe if a player tries to deposit or withdraw using a regulated payment service. Using cryptocurrencies also means that financial charges which casinos have to pay will decrease as they will not have to pay third party financial services providers. This should mean that online casinos no longer charge for the processing of banking transactions which are related to the use of cryptocurrencies.

Complete anonymity online

Anyone who has played at an online casino should know about the problems that sometimes arise from proof of identity being requested. Some casinos request that players provide a whole stack of private documents before they are able to withdraw any winnings. This identification process can be lengthy and extremely frustrating; not something that the casino or the player really wants.

The use of blockchain technology means that this type of identification process could be a thing of the past as the blockchain process itself provides transparency and authentication of contracts. All players should need to do is send blockchain as requested. There is no need to download software or even to create an account. This means that the players and casinos will experience less hassle and that it will not be as easy for hackers to get hold of the personal information of players. This sounds like a really good thing in some ways. However, some people view it as a means of evading current regulatory requirements relating to online casino activity. This can mean that cryptocurrency casinos are viewed with a certain amount of suspicion.

The introduction of Zero Edge

Zero Edge is an online gaming cryptocurrency provider that has fully embraced blockchain technology and its benefits to the world of online gambling. This is a brand new concept involving the launch of the Zerocoin cryptocurrency which is intended for use in the gaming industry.  The currency comes alongside a protocol developed by Zero Edge which means that the previously expected house edge no longer exists. This is an online gaming platform which is set to shape the future.

It remains to be seen how popular Zero Edge technology will become, but the more its popularity increases, the better the news is for players. This is because the value of Zerocoin could increase dramatically, which would also increase the value of winnings. It’s easy to see why Zero Edge has caused so much excitement so far. It takes all of the best points of blockchain technology and cryptocurrencies and brings them together in one online gambling solution. All of this means that the future of online gambling could be a place where odds are even, deposits and withdrawals are instant and safe and fairness is ensured across all casino games. As all Zerocoin holders are pooled together when using the system, verification issues are fulfilled. All that needs to be known is that a certain amount of Zerocoins has been deposited.

All of this sounds great in theory. However, it’s still very early days for blockchain technology in the world of online gambling. The technology has certainly already started to change online gambling and it has the potential to bring about many more changes in the future. It could increase the profits of online casinos while also making casinos fairer and safer for players. As blockchain technology continues to be at the center of many news stories, it will be interesting to see how its use in the online gaming industry progresses. Only time will tell whether all of the benefits can be embraced and blockchain technology can really become the norm, in the world of online gambling.

Image Source: www.mdgadvertising.com

One of the unique features of blockchain and an attribute that makes it very appealing to a lot of communities is the incentivized technology that it offers. Getting rewarded for one’s contribution towards the achievement any given goal is the best form of motivation that there is. It does not only encourage more participation but enables the fulfillment of the intended aim of any program.

Breaking the monopoly

In its current state, the digital environment is dominated by a handful of major stakeholders who thrive on the efforts and contributions of the rest of the people. Majority of whom are left without compensation. Facebook for instance would receive all the funds from an advertiser to reach an agreed audience and number of views. These audiences who represent the actual action point, in other words the targeted resource eventually end up being used. This is what you get with centralized systems. Power, control and reward is usually monopolized by the “boss” and the people are seen as tools.

The decentralization brought by blockchain is disrupting this structure and recognising the relevance of participants within networks and communities. In the advertising industry, blockchain solution seems like “the golden pen”. Rather than the ‘hit and hope’ approach adopted by existing systems, blockchain implementation is enabling platforms to structure and execute ad campaigns with a very high precision rate.

Focusing on the actual goal

Beyond just creating and broadcasting ads, the ultimate goal of every advertiser is to reach their intended targets with content that is relevant to their needs. This is why 2Key Network is creating a platform that makes it easy for advertisers and content creators to be able to define their specific budget and also the best possible campaign execution.

The 2Key platform, that brings GRN (Global Referral Network) technology, enables a sharing network where people would share with their friends, who share with their friends, who keep sharing until the set goal of a given campaign is reached. What is important here is that everyone in the network who made a positive impact during such campaign gets paid. This creates a real network effect and a real link sharing economy that is based on the incentive model.

Cleaning up the industry

Digital advertising platforms have been criticized for a number of activities that go on within the ecosystem. For instance, the non-transparent nature of operations of the big players further emphasizes the above mentioned ‘hit and hope’ approach. This usually leaves advertisers uncertain about the actual effect of the advertising efforts. Also, on the part of the audiences, spam messages, pop-ups ads, interruptive videos and other unwanted bombardments often come across as nuisance. These elements pass as sources of resentment towards these ads, prompting audiences to find ways of blocking them. Even when they cannot be stopped, advertisements should be appealing to the audience rather than be seen to be forced down their throats.

By incentivizing the act of content sharing, 2Key encourages participants to distribute valuable content. This is because the reward system within the chain will rate shared contents based on their impact and popularity. Therefore, the more a participant’s post is shared by the community, the more their rewards. Same applies to ineffective content, as they serve to reduce members ratings and their points in the long run.

Powered by Ethereum smart contract, 2Key enables the actual performance of shared content to be transparently measured. Hence, the huge waste incurred by advertisers will be drastically removed and the corruption present in the ads industry automatically eliminated.

Content sharing is about to become more profitable for everyone involved, and a more friendly advertising ecosystem introduced. Thanks to blockchain, in combination with Game theory and AI implementation.

Powered by blockchain, the Etheal.com platform allows patients to find doctors online anywhere in the world, access reviews in their own language and send inquiries immediately. The cost is a fraction of agency prices – saving American patients alone an estimated $1.98 billion per year, which would be enough to buy 700,000 CPAP machines for premature babies.

Golden Effie and Deloitte Tech Fast 50 award winning team

Lately every major newspaper from the New York Times and Forbes to Business Insider has been writing about medical tourism. They cite similar stories to that of Mr Gou’s by the Times, whose stomach tumor was not responding to chemo and radiation treatments. A trip to Boston, where he was able to access immunotherapy treatment unavailable in his native China, saved his life.

Similarly, Mr. Matthew, a Coachmag correspondent from the UK, could either suffer from a mind-numbingly painful toothache for 3 months before getting treated, or go private and pay £2,500 per dental implant. He opted instead to join the 50,000 British people who turn their toothache into a happy holiday every year. He flew to Hungary, where a dental implant costs approximately £480. In just 3 days, he cut the waiting list, received the highest quality treatment of his life, got relief from his agony, had a beautiful cultural experience, and saved a considerable amount of money.

Mayo Clinic, Cleveland Clinic and other top American hospitals are also angling for a piece of the market 

According to Fast Company, the world-famous Mayo Clinic launched a $6.5 billion plan to create the Destination Medical Center, targeting a small but incredibly wealthy segment of medical tourists. The DMC was built to win back American, European, east Asian and Gulf Arab patients who had started to opt for foreign options or domestic rivals like Baltimore’s Johns Hopkins University or the Cleveland Clinic.

So why isn’t everyone hopping on planes?

The whole thing sounds just too damn good to be true — there must be a catch. Today, between 1.5-2 million Americans travel for treatment every year. That’s the entire population of Boston, Seattle and San Francisco combined.

The problem is a lack of complete access to information, in a situation that demands a lot of trust. Medical tourism agencies help patients navigate foreign clinics and overcome language barriers. But the price to patients can be a steep 30% in commission, so in lots of the cases the middle-man earns more than the doctor performing the treatment, which in conservative estimates costs US patients abroad a total of $2 billion per year.

Medical Tourism 3.0 is on the way

Motivated by their own problems finding care abroad, the Etheal team, led by Stanford Innovative Healthcare Leader Alumnus Viktor Tabori, changing the way people access healthcare abroad.

With advisors like Michael Terpin, CEO of Transform Group, Peter Oszko, the Finance Minister of Hungary (2009-2010) and Pam Dixon, the president of the World Privacy Forum, Etheal is set on transforming the world of healthcare with a transparent global database of doctors and clinics.

Forbes reports, patients are already using cryptocurrency to pay for medical tourism services, and now Etheal is taking it to the next level. Building on their working product (https://doklist.com) that serves 2.5 million visits per year, the team has begun decentralizing public medical data to scale accessibility and reach.

Powered by blockchain, the Etheal.com platform allows patients to find doctors online anywhere in the world, access reviews in their own language and send inquiries immediately. The cost is a fraction of agency prices – saving American users alone an estimated $1.98 billion, which would be enough to buy 700,000 breathing machines for premature babies.

Etheal’s propietary tech solves medical tourism’s biggest problem: lack of trust 

Blockchain enables reviews to be translated easily, and Etheal’s proprietary Rank and Trust Score shows patients the entire history of a healthcare provider. This includes overall patient satisfaction, availability and communication, as well as quality of treatment.

Etheal’s Rank and Trust Score is modelled after the world’s largest hedge fund, Bridgewater Associates’ Believability Score. The groundbreaking paradigm is designed to rank participants based on merit, to circumvent an autocratic system ruled by gatekeepers or a democratic game of numbers. It does this by weighing votes cast in each unique category based on the individual track record, or domain expertise, of the voters themselves. In a democracy the majority decides equally, regardless of an individual’s expertise. Etheal’s system instead creates a meritocracy in voting, where the best, as determined by informed opinion, will rise to the top of the list.

Subjective, biased and fragmented data on doctors will be a thing of the past. Together, the healthcare community can create a transparent global database of providers with Etheal.com.

Helping 1 billion people around the world with Etheal’s blockchain layer

Medical tourism is just the beginning. The team plans to develop several in-house applications on the blockchain layer, including telemedicine and pharma research tools.

The roadmap also includes incentivizing developers to build third-party apps onto Etheal’s blockchain. These apps will be available in the platform app store, and can also plug into the existing payment and distribution infrastructure. By supporting the creation and mainstream adoption of real healthcare solutions with crypto, the team’s goal is to reach as many people  deprived of good care as possible.

Token sale

Etheal’s whitelist deposit period will close on the 18th of June, together with the opportunity to earn a 30% bonus. The project has a limited $10m hard cap, and has already sold $1+ million worth of HEAL tokens to 724 contributors.

Michael Terpin, David Orban and Harvard Medical School Alumnus professor Dr. Tibor Bartha, are advising the team. Etheal’s smart contract was successfully audited by Blockchainlabs New Zealand, which isn’t surprising, as co-founder and CTO Mr. Tabori lectures on smart contract security at UCIrvine and the Hong Kong Polytechnic University.

For crypto enthusiasts holding wallets full of payment, landing and gambling tokens, Etheal balances portfolios well as a top-rated ICO in the healthcare space. The team has an already working application with 2.5 million visits per year, which of course does not eliminate all the risks associated with crypto projects, but is a strong sign of credibility.

Whitelist closes on 18th of June: you can secure your spot here: https://etheal.com/

Get your personal referral code (7% reward): https://etheal.com/#personal_refcode

Contact: mihaly.kertesz@etheal.com