Bowhead Health Creates World’s First Blockchain-Powered Medical Instrument
July 19, 2017 6:12 am,
Blockchain technology can serve many different purposes, most of which have yet to be discovered. The medical sector is one area prone to disruption and innovation. Bowhead Health is trying to bring the medical sector and blockchain technology closer together as we speak. They are providing a real-time biometric test unit which is fully powered by the blockchain. An interesting concept, to say the least.
Blockchain in the Medical Sector Makes Sense
Our society can greatly benefit from solutions which allow us to optimize our health. More specifically, there is a growing need for personalized solutions and treatments. Despite the health supplements market being valued at US$200bn annually, there are still far too many generic “solutions”. Bowhead Health aims to change this one step at a time. Their new product will allow anyone in the world to test their body and work out a personalized solution to optimize their health.
One particular factor that comes to mind is preserving patient anonymity. The company will take care of this, as they give users the option to disclose their information for research or not. All of the patient records are stored in smart contracts, which is a nice touch. Users will always be in full control of their data, and how others can interact with this information. Blockchain technology can be used for both public and private information, after all.
What is the Bowhead Product?
The Bowhead device in question is connected to the internet and monitors the health of individuals at home. It can also be used as a way to acquire new knowledge for both patients and healthcare professionals. Some users will need expert advice and be keeping tabs on their habits is of the utmost importance in this regard. What makes the Bowhead even more attractive is how it can dispense personalized medication. The initial phase will let it provide supplements and vitamins, but there is always room for future improvements.
While the Bowhead itself will take care of the dispensing aspect, there will also be a companion app for iOS and Android. This app will allow patients to see their data, interact with healthcare professionals, and even receive reminders to stay on top of their schedule. All things considered, it sounds like a very potent ecosystem which will radically change the world of healthcare as we know it today. Plus, the app is very intuitive to use, which makes it accessible to [less] tech-savvy users alike.
Whitepaper and Token Sale
There is a lot more going on behind the scenes of Bowhead health. The team has put together a comprehensive whitepaper which touches upon every aspect of this project one can think of. It is evident such a device can make a major impact on the healthcare industry as a whole. In fact, the paper also mentions the prototypes which have been developed over the past 18 months, including the Bowhead, its mobile app, and test cartridges.
Rolling out such a project on a global scale will not be cheap. This is why the Bowhead Health team will organize an ICO, during which 40 million of the 100 million AHT tokens will be sold. Said token represents the payment distribution from pharmaceutical and research companies. The ICO will commence on July 17th and run until August 31st. There is no minimum investment goal nor a maximum cap. Tokens will be priced at US$0.65 per AHT, although a bonus schedule is in place for the first 15 million tokens being sold.