Patientory will be an Electronic Medical Records (ERM) storage network built on the Ethereum blockchain. In the United States, patient medical records are protected by the Health Insurance Portability and Accountability Act (HIPPA) of 1996’s privacy rule. The privacy rule defines patient rights to control the distribution of their private health information and makes healthcare providers and insurers liable for leaked information.
Patientory complies with HIPPA requirements using a hierarchy of permissioned nodes and cryptographic encryption to protect patient data from malicious actors and accidental leaks. Patient data is stored in a unique smart contract address. Data is encrypted within the smart contracts and the patient’s private key is required to read it.
Patientory has been working in partnership with Boulder, CO based Boomtown Health Accelerator and Colorado Permanente Medical Group. Boomtown awarded Patientory $20,000 and paired them with a cohort of 12 physician mentors from the Kaiser Permanente network. Patientory worked with their physician mentors to develop the front end of their app to ensure that it provided an efficient and user friendly experience for doctors.
The possibility of patient data being leaked on a blockchain, where it will be indelibly recorded, will require that the Patientory network undergo significant security testing. The security solution outlined in their whitepaper seems promising, but Smith + Crown would like to see independent audits of the blockchain backend once it is developed.
|Incorporation status:||Patientory, Inc. 2015, Atlanta|
|Team openness:||Detailed bios, searchable public profiles, public acknowledgement of involvement|
|Technical White Paper:||Yes|
|Available Project Code:||Code not available|
|Prototype:||Unverified private beta of front end app|
|Role of token:||Payment rights and access rights|
|Token supply:||100 million|
|Distributed in ICO:||70 million: Unsold tokens will be burned|
|Emission rate:||No new coins created|
|Consensus method:||Proof of Work|
|Sale period:||May 31st, 2017 to June 28th, 2017|
|First price:||385 PTOY per ETH|
|Token distribution date:||After token sale ends|
|Min investment goal:||5,000 ETH|
|Max investment cap:||None|
|How are funds held:||Escrow services provided by TokenMarket|
|Minimum Viable Product:||Twelve weeks after the token sale|