Joinwell Ico Review

Joinwell Ico Review – Healthcare delivered

About Joinwell

Joinwell blockchain and app allow its users generate cryptocurrency through proof of “walk” and other wellness behavior. All that is required is a smart phone with an internal step counter and commitment to be healthy by walking. Users earn cryptocurrency by walking, biking and other activities. Additionally users can connect various devices to the app. Beta version of the app is available in both Google Play and Apple App Store. Earned cryptocurrency can be exchanged for rewards and discounts in WELL marketplace that will include products and services from various consumer facing brands and insurance companies.

Joinwell also helps consumers get recognized and paid for their data and healthy behavior. WELL developed a proprietary protocol focused on wellness and is in discussions with several potential partners to join its blockchain to motivate and reward partner constituents including employees and patients for their healthy behavior. WELL branded bracelet, watch and weight scales are available at affordable prices while providing cutting edge functionality such as ECG, sleep quality, step counter, calorie counter, heart rate, BMI, fat %, etc.

Joinwell Key Information

KeyPoints
Token NameJoinwell
Soft cap3,000,000 USD
Hard cap28,000,000 USD
Distributed in ICO87%
Tokens for sale600,000,000
CountryUSA
AcceptingBTC, BTH, ETH, LTC, Fiat
Token SymbolWELL
Token TypeERC20
Raised$15,000,000
PlatformEthereum
Price in ICO0.1000 USD
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

The Game Change Team Behind Joinwell

Joinwell Ico Review - Healthcare delivered

Problem

Hundreds of millions of people generate economic value through wellness every single day, but it’s neither recorded nor recognized anywhere. Joinwell enables people to be both rewarded for and safely record their wellness data. Wear able are experiencing unprecedented growth expected to triple in the next two years. But the wellness data is scattered between participants and providers or concentrated and owned by behemoths like Apple and Google.

Solution

Joinwell also helps consumers get recognized and paid for their data and healthy behavior. WELL is in discussions with several potential partners to join its blockchain to motivate and reward partner constituents including employees and patients for their healthy behavior. WELL branded watch, bracelet and weight scales are available at affordable prices while providing cutting edge functionality such as ECG, tracking of blood pressure, sleep quality, step counter, calorie counter, heart rate, BMI, fat %, etc.

Apple Inc. has recently debuted a feature on its Health app that allows users to review their personal medical information from various institutions on their mobile devices. Additionally, the release of the Health Records API will enable developers and researchers to create an ecosystem of apps that can utilize health record data to improve the management of medications, nutrition plans, diagnosed diseases, etc.

Protocol Design

The network utilizes a form of consensus known as “Proof-of-Authority” or “PoA”. There is no mining involved to secure the network with PoA, and the network relies on trusted ‘Validators’ to ensure that valid transactions are added to blocks, processed and executed by the Ethereum Virtual Machine (EVM) accurately. The WELL network is currently supported by 6 validator nodes, which can be expanded to up 16-18 nodes. The identity is of these Joinwell is known and they are under legal obligations to duly perform their duties. Each validator is pre-selected. The chain has to be signed off by the majority of validators, in which case it becomes a part of the permanent record.

The protocol is running on Parity Ethereum, which has been described as fastest, lightest, and most secure Ethereum client. AuRa is consensus algorithm used in WELL blockchain. AuRa is capable of tolerating up to 50% of malicious nodes with chain reorganizations possible up to a limited depth and is dependent on the number of validators. An important feature that this consensus requires a set of validators to be specified, which determines the list of blockchain addresses which participate in the consensus at each height. Sealing a block is the act of collecting transactions and attaching a header to produce a block, which acts as an important security feature.

Connecting User Data with Sponsors

With Apple, Google, Facebook, and Tencent increasingly controlling the mobile OS and application layer, there is a huge need for privacy and ownership (including monetization) of users’ personal health data on health apps and devices. Joinwell turn, device manufacturers, app developers, employers and data consumers need an independent, intermediary platform. WELL blockchain protocol fills this need with its Proof Of Authority protocol. WELL Protocol creates a connection between data from sensor/wearable devices and users.

By utilizing WELL tokens, WELL incentivizes and compensates for the development and launch of wellness applications and devices on its protocol. Corporates, employers, clinics, and insurance companies (sponsors) can also participate in monetization of such applications and devices by investing in their development to receive a percentage of future earnings from these devices and applications both in cryptocurrencies, fiat currencies, and WELL tokens.

Well Tokens

The fundamental unit of value within the WELL system is the WELL Coin token (“token”). Tokens provide inflationary-resistant digital value within the WELL system. The WELL token will be derived from a standard Ethereum ERC20 token and will be trade able on exchanges. The WELL platform will award WELL token holders for behaviors that lead to desirable outcomes. Joinwell Patients will earn WELL tokens for achieving markers, such as improved blood pressure, cholesterol, and other health measurements, or ratings and timeliness.

Clinicians will earn WELL tokens for patience achievements, lower hospital readmission rates, ratings, timeliness, and more. Corporate partners will receive bigger discounts for higher satisfaction ratings from their patients and clinicians or better adherence to smart-contract governance.

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