It has been a few months since we began working on integrating blockchain technology into healthbase and since its conception the project has seen substantial progress with more noteworthy developments underway.
To recap a bit (healthbase medium blog), healthbase aims to integrate blockchain technology and create a framework that would
With the progress being made, we felt it would be a great idea to publish some updates on the project and outline the future strategies healthbase will be undertaking in 2018.
1. The need for ICO regulations
2017 was the year when the term ICO (initial coin offering) stopped being a buzzword and went mainstream. Exponential rise in the value of Bitcoin (currently priced at $13952.40) and Ethereum (currently priced at $1401) has led to a lot of attention all over the world. Many upcoming blockchain projects aggressively embraced this new form of financing. ICOs traditionally involve the issuance of digital tokens to investors in exchange for bitcoin or ethereum and raising a substantial amount of money to finance their operations.
Some noteworthy ICOs from 2017 that successfully managed to raise capital in the millions (IoTCoreSoft, 2017) are
The lack of financial regulatory frameworks overseeing an ICO meant that businesses could raise substantial amounts of seed funding without any oversight from fiduciary regulatory bodies. With a move aiming to protect investors from fraud, countries have finally begun releasing regulations on this new form of raising financial capital. For instance -
In light of these developments, we at healthbase are currently involved in discussions which would ensure our ICO follows the regulations from a legal, tax, accounting, know your customer (KYC), and business due diligence perspective.
2. Forging new partnerships
We are looking to forge new partnerships with experts in different fields in order to
- be able to cater to the exact needs of different target audiences and develop the software accordingly;
- acquire additional expertise in fields such as medicine, software development, legal matters, economics/marketing;
- acquire supporters, venture capitalists, and crypto-investors;
- and spread the word regarding healthbase and its awesome benefits for its future users/participants.
While these are some of the important steps we have taken so far, in parallel, we are also currently
If you want to stay updated on healthbase, why not join our community via one of our channels? We would definitely love to hear from you! You will find us on the below channels:
1. Facebook — www.facebook.com/healthbase.digital
2. Twitter — www.twitter.com/healthbase1
3. Telegram — https://t.me/joinchat/Fsvr7g48R1utm-ajn0jaTw
4. Linkedin - https://www.linkedin.com/company/healthbase-digital
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