The technological innovation is surpassed day by day and the revolution of the blockchain is touching more and more fields of our daily life. On this occasion we will talk about the health sector.
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What is Izzy Care ICO?
Izzy Care’s team brings this ICO in which they propose the creation of a health system that has the epicenter of the person himself, connecting them in a single space with their personal doctors through Blockchain technology, Artificial Intelligence and the Internet of Things. Each Izzy Care user will have at least one certified general practitioner, one qualified and licensed psychotherapist, and one nutrition and wellness consultant. They hope to make the basic right to health care accessible to all, regardless of gender, race, social status or disease.
Users will pay a fixed monthly fee that will allow them to access health professionals 24 hours a day, 7 days a week. Professionals can treat urgent care, chronic illnesses, mental health, follow-up treatments and many other aspects. These care teams are trained to request medication from local pharmacies as well as to request care from a specialty doctor outside the Izzy Care network.
This care will be managed through the IZZY Care App that will be available for iOS and Android. Through which the encrypted communication between patients and doctors will be maintained, it will also be possible to make online videos to achieve better medical care even when the patient is far away. The application will also serve as a tool for the operation of the Artificial Intelligence technology and Internet of Things that is being applied in this project.
Izzy Care Artificial Intelligence will include the possibility of connecting the Izzy application with Google Home or Amazon Alexa, voice control devices that will allow accessibility in the event of any event that may occur to the patient. That is why the Internet of Things will also be used, seeking with this connection to track patterns of the patient to make diagnoses and in the event of an emergency to achieve a connection with the health staff.
The developers of Izzy Care explain that with Artificial Intelligence and the Internet of Things they can measure the movements of the patient, symptoms informed by the person, physical difficulties and other elements that the machine itself in its learning will collect. These data will be used to send messages to the patient in case it was necessary to contact their care team and in turn will also be shared with medical staff to keep them informed, streamlining the work of them.
All these services will be offered, as mentioned above, for the payment of a standard and economic monthly fee. What will not be included in that fee is care at physical locations that may either be owned by Izzy Care or may operate through a partnership with third parties.
Use of Blockchain in Izzy Care
The developers mention in their Whitepaper that they have implemented Blockchain technology for the creation of Izzy Token, we can also see it in the decentralization platform proposed to Izzy Care, to achieve this objective, a number of actions are presented.
Firstly they establish that the programming code of Izzy Care’s mobile application, the Artificial Intelligence applied to the project and the Smart Contracts that support the operations will all be open source, improving the results obtained through people’s participation.
They also confirm that everything related to project decision-making will be done in a decentralized way. They hope that doctors, patients, developers and token holders will participate in this decision making process in order to build a better ecosystem that effectively fulfills the initial objectives. The share of token holders in decision making is still unknown.
Use of the IZZY token within the process
The developers have created for this project the Izzy Token (IZZY), a token that will serve as a reward for patients who meet the health objectives they set themselves in conjunction with their doctors. The developers mention that this token “will be undermined by the investment of time and energy in the health and personal well-being of patients.
Initially, the Izzy token can be used to pay the cost of Izzy Care membership, but developers say they are working to create alliances with medical organizations so that the Izzy token can be exchanged for more products and services.
In the section that explains the decentralization that the project will have, the developers mention that they will look for the community itself to create an ecosystem of applications and services that use the Izzy token. To concretize this, the “Projects with IZZY” section will be created, a space in which projects will be proposed to work together with those who will be given funds in Izzy token to be carried out, thus promoting the growth of the Izzy Care platform.
They also mentioned that patients will have the ability to sell their medical data to researchers in the health sector. However, they do not specifically mention that the reward will be in Izzy tokens but we assume that it will be due to the functioning of the ecosystem itself.
Investment Opportunity
In this Project, it proposes the creation of 600 million tokens and leaves 240 million for sale, 40% of the total. In the public sale they will have 180 million and in the private sale about 60 million. In the public sale has been set at a price of 800 Izzy tokens per 1 ETH and in the private sale are giving a 35% bonus. They are only accepting ETH as a form of payment. The project only shows a maximum collection limit and sets it at 250,000 ETH.
Team behind IZZY CARE
This project is being driven by Izzy Care LLC, based in Wyoming, USA.
Among its outstanding members we will mention Kenneth Colón, the CEO of this project and also co-founder of the same, former medical student who has devoted much of his professional life to investigate the application of technology in the world of health.
Izzy Care’s CTO will be Joswell Valdez, a man with experience in the world of crypto coins and who has a company dedicated to marketing for ICO’s with an international trajectory.
Among the project’s advisors is Andrew Wright, an entrepreneur who heads Jarbux, a company that links eCommerce with different operations in the world of charity. He is also part of a consulting firm for growing technology companies.
Roadmap Data
According to the Roadmap of the website, the project expects to be fully ready by the last quarter of 2019. Already for the last quarter of 2018 have scheduled to have the project application for iOS and Android. In the first quarter of 2019 they will offer tokens to reward patients who use the platform. In the third quarter of 2019 they want to work with a fully decentralized platform that is managed through user votes.
Pros of ICO IZZY CARE
Focus on the health area
The world of medicine is highly profitable everywhere in the world and the idea of Izzy Care can transcend borders and generate universal business. Telemedicine exercised by qualified doctors is a logical evolution that is being considered within this sector and the connection that this project proposes with the Internet of Things and with Artificial Intelligence can generate the universal adoption of the project.
Good media impact
Media such as Yahoo, U.S. News and several medical portals have already reviewed this project, thus increasing the dissemination of the project both in the United States, where the project is located, and in all parts of the world. Although the project does not have a great impact on the world of crypto currencies, the scope it has within the financial means can help to raise funds by traditional investors not linked to Blockchain technology but interested in the development of technology in the medical sector.
Cons of the ICO IZZY CARE
They need a marketing plan
Joswell Valdez is the founder of the marketing agency PocketSpace and that ensures that the project has a marketing agency, however, it is necessary to show the marketing plan determined to instill confidence to investors. The marketing plan is the one that will indicate us the way in which this project will be able to be applied inside the society and how it will impact inside the market.
Lack of clarity in the use of the token
It is true that it is explained that the token can be used for the monthly payments for the use of the Izzy Care platform but we are not clear if you can pay the full membership with the token or if only a discount will be made. We also do not know if the monthly payments will be made exclusively with IZZY or accept another method of payment. Another aspect that is also not very clear is whether the doctors who are part of the program will receive their payments in tokens if in FIAT currency.
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