OkayKrypto: What does your company do?
Manish Ranjan (NHCT): We essentially are working towards making healthcare more efficient. Healthcare today is fraught with systemic issues like data fragmentation, high costs and data security. NHCT has created an ecosystem which works with all the major parties – the users, the payers and the providers. Each of them stands to benefit by participating in the NHCT ecosystem. Users get incentivized to stay healthy, the payers get the benefit of lower premium costs and the providers get lower claim ratio due to lower health incidences.
OkayKrypto: What got you into the blockchain space and how long have you been in this industry?
Manish Ranjan (NHCT): We have been working on our vision since 2014, when the team won the prestigious HULT prize. Around 2017, we realized that the blockchain is a natural fit to tackle the challenges that we have been trying to overcome – data fragmentation, high costs & data security. The immutability, provenance and decentralization of blockchain lends itself very well to our vision.
OkayKrypto: Who is your main target market and which market sector do you serve?
Manish Ranjan (NHCT): We are in the healthcare space and our main target market is anyone who is planning to stay healthy, any institution/body planning to keep their population healthy and insurance companies who have interests in populations being healthy. So we as a healthcare business can work with individuals, corporates, governments, insurance companies etc. to name a few use cases.
OkayKrypto: What’s your unique selling point or differentiator?
Manish Ranjan (NHCT): We have gone beyond just being a platform provider and expecting people to use it. We have trained medical staff called “health coaches” who are our feet on the ground. They provide continuous, co-ordinated healthcare to the users, ensure adherence and data accuracy. Because of this, it becomes attractive for payers and providers to become a part of the ecosystem as they get access to quality healthcare data about their populace.
OkayKrypto: How does your company intend to disrupt the space/industry you are in?
Manish Ranjan (NHCT): By creating a virtuous circle that benefits everyone, ensuring adherence through the health coaches and having an innovative 3-tier token architecture, we are in a good position to shake things up.
OkayKrypto: How does your company stand out from its competitors?
Manish Ranjan (NHCT): Rather than taking a piecemeal approach and trying to solve only one part of the puzzle, we have taken on the challenge to revolutionize the entire healthcare system from the way it works today. We have a 3-year head start as compared to anyone else as we have been in the space for a long time. Our unique AI-based recommendation engine helps users with timely inputs that go a long way in maintaining their health. Also, our workforce of healthcare coaches gives us a competitive edge.
OkayKrypto: What are the major benefits users can obtain and what’s the end result you hope to achieve?
Manish Ranjan (NHCT): The users earn NHCT tokens when they participate and record an activity that keeps them healthy. The payers get access to patient health data that can then be used to reduce claim amounts. The providers get a real-time peak into the patient’s health. The NHCT token is the prime currency of the platform. The users can use the tokens earned to avail healthcare services like lab tests, gym memberships, wellness programs etc. The idea is to create a frictionless token flow in online-offline work.
OkayKrypto: Currently, the crypto market is bearish. What do you think is the outlook for the market in 2019?
Manish Ranjan (NHCT): The current prices are a good sign that the days of “irrational exuberance” in crypto markets are over. The high scam rate/failure rate is what has led things to such a pass. We think that it’s now time for solid projects to shine. Once a few projects are able to showcase the real value to the investors, the bullish cycle will begin once again. It will definitely be less volatile but that’s the indication of long term value creation rather than short-term speculation.
OkayKrypto: USD 10K in Bitcoin or USD 10K in your tokens. Which should investors invest in and why?
Manish Ranjan (NHCT): Bitcoin as we have all seen has been highly volatile. The value has dropped as much as 70% from the peak. We are the only ICO to offer Strategic Protection for users who contribute more than 100K USD to the project. Under this plan, in case there is a downside from the amount contributed, an equivalent amount of equity would be offered to the contributors to make up for the loss.