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ICO NameThe Veris Foundation
SymbolVRS
Start DateJune 11, 2018
End DateSeptember 30, 2018
CountryUSA
PlatformN/A
Ends
7 Months ago
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The healthcare market in the United States is one of the most heavily regulated and fractured markets in existence. Many processes between providers and insurers are redundant, and thus add unnecessary expense to all parties. These expenses are estimated to be in excess of $59B per year. This fragmented system is a result of stakeholders unwilling to assume the risk associated with designating an intermediary to handle processing of data related to healthcare services between all stakeholders. The result is a duplication of this process at every provider and payer involved in healthcare services. Moving to a central authority-or clearinghouse-for all healthcare services would dramatically reduce expenses for both insurers and providers. No concerted effort to move to a central clearinghouse has occurred yet, as the existing expense is clearly not as high as the risk of moving to a centralized intermediary. A central clearinghouse based on conventional technology systems would also require an overwhelming amount of trust. A blockchain’s distributed ledger system allows users to interact with each other without relying on trust. Every transaction is completed with absolute certainty, allowing a versatile system capable of replacing the thousands of fragmented systems which currently facilitate this process.

Founder Chris Plance will be with other leaders in the field discussing how the US healthcare system can benefit from the use of blockchain at the annual City Blockchain Summit in NYC on September 26th. hashtag#healthcare

https://t.co/exwmFpNdnp

3 #NEO projects thats involved in the US Healthcare industry. BiG Industry! each one looking at making it for the better.
@verisfoundation #Veris
@PeersAtlas aka @neohealthio #Atlas
@NurseToken 😷πŸ₯πŸš‘

Interesting panel discussion on token economics, contract incompleteness, and designing network incentives by @prysmeconomics

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Price80 VRS = 1 NEOSale30,000,000Payment ModeETH, NEO
Minimum Investment80 VRSDistribution60%RaisedN/A
Soft Cap28,000 NEOHard Cap363,000 NEO
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