CASE STUDY: Forging The Path To Consumer-Directed Health Through Blockchain Technology
Does anyone remember Patientiory?
This company generated a lot of hype back in 2017, for having the idea of developing a Blockchain solution for the Health sector.
This app would connect doctors and patients in a simple, uncomplicated way.
After a few weeks, the hype ended, the Telegram Group of the company went silent until it disappeared.
Investors were asking for their investments and no one had a straight answer.
The PTOY cryptocurrency crashed and never recovered. Now it's trading next to 0 Satoshi.
I though this company had gone bust, that the project was gone and that the token would be delisted from exchanges.
It seems that, while the token remains dead, the project is still alive and they have actually released a Beta App.
I don't think the early investors will ever get their money back but at least their money wasn't wasted in vain.
The Patientiory App generated positive reviews.
Read the article here. The main points of this article are the opinions about the app given by the users:
- The DApp is relevant and engaging.
- 90% of respondents found the entire app useful with no elements irrelevant.
- 80% of respondents said that they did not find any parts of the app unnecessarily complicated.
- More than half of respondents found the app ‘very engaging.’
- Users found DApp most useful for fitness-related activity.
- Respondents reported that goal-setting for walking and exercise was the most useful aspect of DApp.
- Respondents also showed interest in nutrition tracking. While 80 percent of respondents reported that they track walking or steps, 60 percent reported tracking food and hydration
- DApp is easy and fast to install and use.
- A full 70 percent of participants reported that they felt that the app was easy and intuitive to install, and the remaining 30 percent reported that after this initial experience with the app, they would know exactly how to install it again in the future.
- No one reported difficulty with installation or the need to have others help them install the app. Only one respondent said that they needed someone to show them how to use certain features of the app.
- With respect to speed, 40 percent of participants found DApp much faster than most other apps they use and participants ran into no difficulties syncing the DApp with their other apps. Participants had between 10 and 260 different apps on their phones. No participants found the app slower than other apps.
- Beta users generally felt that DApp comprehensively covered their healthcare-related needs currently.
- When asked about what the DApp is missing, 50 percent responded “nothing,” and when asked what features participants would add, 30 percent said “none.”
Unfortunately, investing in this sort of businesses is not really an investment. Because of all the bots and short term traders that call themselves "Cryptocurrency Investors" (cough, cough) investing in these businesses has become a charity donation. You won't ever capitalize on your investment, not in 5 years, not in 10 years, not even in 50 years.
If you put your money in any ICO, STO or Blockchain Startup, be prepared to throw that money into the wind because you'll never see it back. And that's a guarantee.
As long as the majority of "Cryptocurrency Investors" are short term traders, I suggest you stay away from these "invesments." Let companies find another way to get funded, because, to any serious investor, the ICO way of raising capital is a big "thank you for your money but now kindly fuck off".
I'm calling it: The ICO fad is dead and whoever invests in the new STOs will be equally and royally fucked. You have been warned.
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