SRCOIN is a decentralized health data platform that utilizes the blockchain technology. With the help of this technology, subscribed and distributed massage chairs are connected to decentralized network hubs, which build a health data platform. It makes it easy to provide actionable health data for the patient, medical facilities, and research facilities. SRCOIN is a project whose aim is to improve and reform the subscription industry. This project will achieve this by merging the subscription business with the blockchain.
SRCoin Health Data Platform Purpose
The project aims to create a decentralized health information platform that provides health data to patients and anyone else who requires it. At first, SRCoin will concentrate on the massage chair business. The project will acquire and distribute massage chairs via a rental subscription model. The massage chairs act as shared devices, which collect personal health data of everyone who uses the chair.
The platform then connects the collected data to a decentralized network. This platform will then convert the data received into blocks and archive it in a database. The system comes with its coin called the SRCOIN, which is an ERC20 token based on ethereum. This coin will be distributed to the masses via a crowdsale. Since real assets back the SRCoin, its value is protected.
K Rental is the company that is behind this project. The Korean-Malaysia Corporation is best known for their water purifiers. K Rental intends to work with COMTEK to develop massage chairs, which have Bluetooth and Wi-Fi. These chairs will collect relevant health data such as body temperature, heart rates, and the blood pressure. With this data, SRCoin will create a blockchain-based database for everyone.
The health data is updated each time a member uses the massage chair. It will eventually lead to a robust time series database with time. With this data, it will be possible to reveal various trends.
SRCoin Subscription Revenue Blockchain Impact
SRCoin will offer the health data to sports centers, medical research companies, and governments. If they want the data, they can pay in fiat or SRCoins. With the SRCoins, users can purchase water purifiers, massage chairs, and many other from K Rental.
The current 14,000 subscribers and new subscribers will be able to pay their subscriptions with SRCoins. Employees of K Rental will be compensated in SRCoins. If this project succeeds, SRCoins will become the method of payment for business in the subscription industry.
The Massage Chair will be a shared device. With just one chair, the health data for the whole family can be collected. With the incorporation of Wi-Fi and Bluetooth, this data can be sent to the SRCoin database.
Every time a family member uses the chair, this data is collected and a time series created. This type of data can prove quite useful in helping to make an early-stage diagnosis, for offering preventative care and much more. Various measurement devices will be incorporated into the chair. That way, users do not get just a massage but also a quick and easy medical reading while relaxing.