OncoPower ICO: ONCO Token For Blockchain Cancer Medicine?
OncoPower is a blockchain-powered oncology platform built by a real oncologist. Find out how it works today in our review.
What Is OncoPower?
OncoPower, found online at OncoPower.io, is an oncologist-designed platform that aims to reward patient engagement and compliance using cryptocurrencies.
The ultimate goal of the platform is to improve cancer care.
OncoPower was announced in early March 2018. On March 6, the company announced that it was opening secure patient registration for the platform.
Key features of OncoPower include Onco-Klinic, which will provide clinical care to patients. There’s also Onco-Space, which will provide patient support and advocacy. Transactions on the platform are secured using smart contracts and ONCO tokens.
OncoPower is being developed by a Houston, Texas-based company named Witty Health. The project was launched in 2017.
How Does OncoPower Blockchain Cancer Medicine Work?
OncoPower is a community-managed platform. It’s a self-governing, autonomous ecosystem managed by those who have a stake in oncology – including oncologists, patients, and caregivers.
OncoPower is also a HIPAA-compliant system. It includes a secure “Onco-Klinic” for clinical care as well as “Onco-Space”, a patient support and advocacy network.
The ecosystem revolves around the use of ONCO digital tokens. Anybody who contributes value to the platform will earn a reward in ONCO tokens.
Here are the key features behind OncoPower’s various oncology systems, including Onco-Klinic and Onco-Space.
Privacy And Security:
OncoPower will store patient data, allowing patients to retain full control over their data while still facilitating secure data transactions with trusted healthcare providers. All patient health data is HIPAA-compliant. It’s stored in secure, encrypted storage and integrated to EMRs.
Tracking And Sharing:
Providers can log their patient’s entire care plan, directives, and treatment chronologically. Providers and patients can readily, securely, and easily share with other providers, family members, or caregivers. Like other blockchain-based EHR systems, you can selectively share your data with trusted healthcare providers – like your doctor or a new medical clinic.
Smart contracts are used to control transactions between payers and patients for adherence. They’re also used to control transactions between payers and providers for value-based care, and between payers and pharmaceutical companies for outcomes. Smart contract transactions are secured using ONCO digital tokens.
Manage Side Effects:
Patients can report side effects, illnesses, and vitals to their providers. Real-time reporting leads to quick feedback and better patient care. Meanwhile, ONCO digital tokens motivate patients to take control of their health.
Onco-Space is a community ecosystem where providers can find curb-side consultations from tumor boards and thought leaders. Training is available for oncology nurses, support services, and education for patients.
All content in Onco-Space is curated by the oncologist community. Various participants in the community can “upvote” content to ensure only the best resources are available and easy to find between patient visits.
Connect With Specialized Caregivers:
Patients can connect with a patient advocate to navigate their care. Other experts like nutritionists, genetics and financial counselors, medical billers, therapists, and palliative care specialists are available.
Patients can connect with a survivor, family member, or a friend over Onco-Space. They can bring their existing providers and external support groups to OncoPower.
How Do ONCO Tokens Work?
ONCO tokens are generated each time a block is produced. The majority of each block reward goes to a reward pool that distributes to value creators – i.e. anyone who adds value to the OncoPower network.
ONCO can be purchased or earned by offering content, data, and other sources of value to the platform. The price of ONCO is based on supply and demand.
OncoPower will also have a feature for “vested ONCO”, where certain members of the community have more influence based on the amount of vested ONCO they hold.
“Vested ONCO” is the number of ONCO tokens pledged for vesting by members to influence the long-term goals of the community. Vested ONCO will earn higher interest than free ONCO.
The more vested ONCO there is, the higher the influence and voting power the user will have. The ultimate result of the vested ONCO system is that oncologists have the highest vesting requirements and patients have the lowest vesting requirements.
Who’s Behind OncoPower?
OncoPower was launched in 2017. The project is led by co-founders Karthik Koduru MD (Chief Oncologist), Whitney Ahneman (Lead Cancer Nutrition), and Ram Sesha (Lead Strategy).
OncoPower was created by a company named Witty Health, Inc. which was incorporated in Q4 2016 in Houston, Texas.
Prior to co-founding OncoPower, Dr. Koduru had years of experience as an oncologist and hematologist. He also founded PulsedIn, Inc. in 2016, which is a multi-utility social platform for physicians, patients, and organizations. He also continues to work as a physician (oncologist/hematologist) with Quincy Medical Group.
OncoPower is an oncologist-designed platform built on blockchain technology. The goal of the platform is to help patients access better oncology care. It will facilitate secure patient data sharing among providers while maintaining HIPAA-compliancy. Key features include a secure Onco-Klinic that will provide clinical care. There will also be “Onco-Space”, which will provide patient support and advocacy.
The ecosystem is powered by ONCO, which is a cryptocurrency designed to reward participants who contribute value to the ecosystem.
To learn more about OncoPower, visit online today at OncoPower.io.