[Review ICO] Curaizon - for healthcare industry

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In the case of Curaizon, the role played by cutting-edge technology such as blockchain and smart contract doesn’t seem that crucial

Medication non-adherence is usually considered one of the main reasons of a deterioration in patients’ health. According to a research conducted by NCPA (National Community Pharmacists Association), this problem not only causes great harm to the effectiveness of the treatment but also costs the Healthcare providers an extra $290 billion every year. Therefore, it is indispensable to find a suitable solution for this above-mentioned issue which is also a potential market for ICO projects to enter.

As you may know, ICO Curaizon has recently managed to lead this competition by introducing their ecosystem consisting of three main products. In this article we are going to analyze the technology behind this project and its business model in order to find out if the project is feasible or not. Therefore, we encourage you to read the article all the way through.

What needs to one thing needs to be emphasized is the fact that there are six main factors that contribute to medication non-adherence (according to the research of NCPA). The first four factors are subjective causes from patients such as they can not afford the prescription or simply they lack of awareness about their health.

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In the meantime, it seems to be hard to impacts these subjectives, so Curaizon is trying to find an exact solution to tackle at least the two objective causes:

  • The continuity of interaction between patients and healthcare service providers, and
  • The level of convenience to access healthcare service.

Curaizon’s solutions

Curaizon platform consists of three parts:

  • CuraServe: Communicates with patients using non-intrusive reminders, also enables family members to support patients, healthcare providers with a real-time view into patient behavior.
  • CuraData: Collects unique and valuable data from CuraServe for further research on CuraView
  • CuraView: Provides high-level insights from real-time feedback to electronic medical record and data supplied by healthcare providers.

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However, there are some problems with Curaizon:

Firstly, AES 256 encrypted cloud is chosen as the storage method of medical data which is not clearly defined and secured enough. AES 256-bit cloud depends on the third-party (besides suppliers and customers) to operate due to the centralised operating model, therefore, anytime there is a data breach, all the files are compromised because the hackers gained access to them and stole the information stored. Not to mention that for probably every patient medical data is one of the most private matters and, of course, no-one wants this confidential information to leak and be made public.

Secondly, Curaizon’s solutions does not really cope with medication non-adherence in healthcare system. Within the two most important factors that we have raised questions about in the introduction (frequent interaction between healthcare providers and patients; ability to access healthcare services), ICO Curaizon have not handled the second yet.

Curaizon’s technology

It is undeniable that the blockchain technology plays a vital role in the development process of every ICO project. However, in the case of Curaizon, the role played by both blockchain and smart contract doesn’t seem that crucial.

Not only blockchain and smart contract are mentioned unclearly in the white paper, but they also do not effectively contribute to the ecosystem’s development as the project actually do not need them.

  • Curaizon stores their files on the cloud platform instead of blockchain as normal ICOs
  • They provide no technological solution for data transparency and privacy by applying blockchain to their system

Last but not least, we have some suspicions about the security of patient medical record. Maybe some purchasers have the good intention when making use of such a  sensitive issue, but some of them seem truly unaware of patient privacy policy. What if the buyers used patients’ data to blackmail them? Alright, it is just a joke, but anyway we should consider very carefully before making any decision about this project as now it seems rather non-transparent and vague.

Curaizon token

  • Token: CTKN
  • ICO price: 1 CTKN = 0.20 USD
  • ICO time: 22 Aug 2018 - 25 Sep 2018
  • Total supply: 63,000,000
  • Soft cap: 2,000,000 USD
  • Hard cap: 20,000,000 USD

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Token will be used as rewards for data providers and as currency for data exchange . Therefore, demand of CTKN will depend on whether Curaizon can acquire users and data contributors to the platform or not.

At the time, Curaizon’s activities on social channels are not really active, telegram only has 1k member without updated information. Their failure on marketing plan may lead to the collapse of their community and their platform.

Written by nami.today

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