Litra Coin claims to be the future of healthcare. Find out what how this digital currency plans to secure patient health records on the blockchain today in our review.
What Is Litra Coin?
Litra Coin, found online at Litra.site, is a digital currency catered towards the world of healthcare. The pre-sale took place throughout August, and the ICO is scheduled for August 30 to September 30.
Litra Coin aims to disrupt multiple aspects of the healthcare industry with an ambitious platform. The company wants to boost efficiency, make prescriptions more transparent, and provide free electronic health record (EHR) access through a single blockchain-based app.
Litra Coin also wants to introduce a retail segment (where they provide health and wellness products and prescription drugs along a blockchain-based supply chain), an advertising segment (for pharmaceutical ads), and a virtual segment (for EHR and virtual healthcare products).
The overall goal of Litra Coin is to decentralize healthcare and get a cut of the $5.5 trillion US healthcare industry.
The first goal of Litra Coin is to create an electronic health records management system, allowing patients to control their data while also sharing it with select healthcare providers.
How Does Litra Coin Work?
Litra Coin is based on the Litecoin blockchain. Since Litra is dealing with health records, speed and fast transaction times are important, so that’s why the founders went with Litecoin’s blockchain.
One of the primary purposes of Litra is to decentralize medical records and other aspects of the healthcare industry. Electronic health records, or EHRs, can help coordinate patient care between providers. However, patient data is typically kept in siloed data structures that make sharing difficult. Litra wants to change that by offering a single, unified management system built on the blockchain.
In addition to patient health records, Litra Coin will introduce other databases and services – like those used for customer relationship management, billing, research and development, and mobile health and analytics.
Litra will provide free electronic health records. Healthcare organizations can access crucial analytics to develop customized plans for individuals. Like other blockchain technologies, Litra Coin offers transparency and resiliency with all patient data.
Benefits Of Litra
Litra’s blockchain advertises all of the following benefits:
- Free and open to individuals and healthcare providers
- A shared network without compromising security
- Combines with the IoT
- Reliable individual history, including family history
- Transparent pharmaceutical prescriptions process
- Accurate prescription drug usage
- A new way to pay for your healthcare
One of the key benefits of Litra is that it’s a decentralized database. Patient data (EHR) is stored in a decentralized location. There’s no centralized point of failure.
The Litra Coin Token Sale
The Litra Coin token sale is scheduled for August 30 (5pm UTC) to September 30, 2017. The coin will begin trading on October 30. It’s found under the symbol LTA.
There will be a total supply of 99,999,999 Litra Coins in circulation. Minting will be done by block reward (like in bitcoin). Each Litra is valued at $1 USD.
The Litra Coin ICO will see the release of 29,999,997 Litra Coins. You can pay using bitcoin, Ether, or bank transfer.
One of the most unique things about Litra Coin is that a certain number of tokens are reserved for American citizens. Any US citizen, permanent resident, or foreigner with a health record in the United States will receive 1 Litra after signing up for the EHR beta registry. 20% of the total supply of tokens will be distributed to EHR individuals, while another 20% is given to healthcare providers. 10% will be reserved and locked, 10% will be saved for Litra Miners, and 10% will be kept by the team.
Who’s Behind Litra Coin?
Litra is led by Matt Abbott (Technology & Analytics), who “brings experience in project management, data analytics and risk management to the board of Litra.” Matt has previously been involved with the development of multiple Google projects.
Other key members of the executive team include Sergey Akayev (Technology & Cryptocurrencies), a serial entrepreneur with four years of cryptocurrency experience. Akayev was a co-founder of BitcoinCreditOne.
There’s also David Rubin (Technology & Adopting), Robert Van Damme (EHR/Chief Blockchain Architect), and Mu Amos (Founder).
Litra Coin ICO Conclusion
Litra Coin is a digital currency that aims to disrupt the healthcare industry. The primary goal of the coin is to secure electronic health records (EHRs). This will make it easier for patients to control access to their health data, while also making it easier for healthcare providers to access patient data from multiple sources to provide a better diagnosis.
Litra Coin’s ICO is taking place throughout September. You can learn more about the project today at Litra.site.