Medicalchain ICO

Medicalchain medicalchain.com (ICO Feb 1st)

  Category:  Medical data storage
  
  Hype:  High

  Telegram:  42k @ 2018-01-27

  Sentiment – Pleasant with sense of urgency

  Geography – Global - founders from Europe

  Recent news – ICO launch mainly

  White paper -https://medicalchain.com/Medicalchain-Whitepaper-EN.pdf

  Telegram - Pleasant.  Very active because of 42K people.  Lots of questions recently on bonus structure.

  Website - Well done

  Bounty program:  Can't seem to find one which is surprising with this much hype on this project.

  Background on team: https://bitcointalk.org/index.php?topic=2590651.msg27667348#msg27667348

  Comparables:   https://coinmarketcap.com/currencies/patientory/  30M market cap

 Token quantity:  500 million tokens being issued at .25ea - which is 125M total
  42.52M TEAM  (12% vested 2 years, 12% vested 4 years)
  38.75M for community development vested over 4 years
  43.75M crowd sale
        of that 19.75 M pre sale  and 24M public sale
............Thats 65% to founders basically...

  Overview:
  
   The basic idea of this ICO is to deploy a storage mechanism for health records.  The coins give access to this storage/data.  The idea is a interesting idea, one big database of medical records that is secured to a individual.  What this would allow is doctors to be able to remote assist individuals by looking single point of truth for the individual's records, as a patients moves from doctor to specialists the data is easily accessible so each doctor is seeing the same data and not missing any crucial data.  I think the most useful piece of this is the data mining that could occur once a centralized location for all medical data is established like they are proposing on this block chain.  People can give their data to researchers and research can pay the users for the data.  The research angle is really interesting to me.

What I like:
The hype is high!  Telegram numbers are high.  Momentum is high.  This ICO has all the right amounts of marketing.


What I dont like:
The link above from bitcointalk.org has a user do some extensive background checks on the team.  CEO has been trying to create many different companies a bunch which have now shut down.  This isnt a bad thing, means hes got drive but I don't see him being able to deliver on this tech.  I see alot of doctors on the team which is great to make the connections in the industry but there is no product or strong emphasis on team members that would be able to accomplish the technical part.  Mostly MBAs, MDs, and a couple self taught programmers.

This is a major initiative.  They are going to try to disrupt organizations that are significantly slower to take on technological advances than more industries.  I have a hard time seeing this ICO actually making a impact anytime in the near future.

Im sure they must have thought about this question and maybe they are solving it by suggesting a secondary method of accessing the files but what happens when you really need the records?  E.G. you are in a coma after a heart attack?  Who opens your records?

My Suggestion:
Its just a big DB to hold records.  Its boring tech wise.  Team isn't strong. The hype is really high.  Closest comparable currently has a 30M market cap and medical chain is raising 125M.  This isnt an ICO i would stay in long but it has all the right boxes checked for a few X short term return.