A CryptoStandard Score of 8.2 and a Positive outlook to Trusted Health (Pre-ICO starts on 20 March 2018)
The company tries to tackle the growing problem of misdiagnosis by providing high quality medical consultation using an online platform. The company shows promising prospect, as demonstrated by its fully functioning platform which has served more than 200 patients from 25 countries. Strong community momentum is also displayed with investors’ concerns quickly addressed on different social media. Their Telegram community also has close to 10,000 members. However, our team’s key concern lies in the high level of market competition where there are quite a few companies providing similar medical consultation services. While it is true that Trusted Health focuses on some of the most challenging diseases, their plan in expanding to other areas may face severe headwinds.
Trusted Health aims at providing high quality, online medical consultation for life-threatening diseases by breaking down the barrier of time and place. It connects patients, doctors, hospitals and research institutes into one ecosystem. With the use of blockchain technology, the company also improves health data collection, health data security and use of data for research.
The analysis is based on our rigorous CryptoStandard Score model which is supported by over 80 parameters. The distribution of the score and the explanation are shown below:
Idea
The idea of the company aiming to tackle the true needs of medical misdiagnosis is not disruptive enough. However, the growing trend of the problem still provides an active market for the medical consultation company.
Competitiveness
The level of competition is strong with some serious competitors such as Medix Global. The company differentiates itself with its online platform which transcends the restrictions of geography and time, the provision of high quality consultation specifically for life-threatening disease and secure storage of patient data.
ICO
The ICO information is sufficiently detailed. The company has a reasonable hard cap and soft cap, and a justifiable lockup period of tokens held by the founding team. The company also mentioned that there will be no future offering.
Team
The team consists of experts from different fields including marketing, business, blockchain and medical services. However, the founders of the company do not have any blockchain technology background.
Community
There are close to 10,000 members in the Telegram group of the company with a high degree of hype being observed. The company also responses swiftly on Telegram, addressing concerns of investors.
Marketing
A wide range of marketing channels has been used, including Facebook, Twitter and Youtube. It is appreciated that the company has wide media coverage with reputable press such as The Sunday Times and BBC News.
Documentation
The company’s white paper, video and website have been carefully scrutinized by our team. The documents are generally sufficient. However, the company fails to disclose some risks involved in investing in the project.
Financials
There are no past financials provided even though trusted doctors have been serving people. Projected financials are not provided as well.
Reliability
The company has a fully functioning platform which has been serving more than 200 patients from 25 countries. With the capital raised from the ICO, the company will be able to develop the platform successfully.
Feasibility
Establishing close connections with doctors, hospitals and research institutes will be one of the key success factors of this project. Connecting with renowned doctors can attract more patients in using this platform instead of other consultation platforms. It will be essential for the company to establish connections with doctors across the world at a faster pace in order to ensure a constant user flow.
See their profile: https://cryptostandard.io/ico/trustedhealth/
@Trustedhealth
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