Estonian Blockchain Startup Raises $15M for Healthcare Project

Blockchain based healthcare startup announced raising of $15 million in the bounty program of its Pre- ICO campaign. The company had undertaken it’s first Ico in the month of Nov-Dec and ended up raising an amount of $15 million. Healthureum an Estonia based startup that claims of bringing first blockchain based Healthcare announced its PRE-ICO in the month of Dec and after an overwhelming response from the market is all set for its Upcoming Token generation event which is scheduled for the 3rd week of february respectively.

New applications of blockchain technology are picking up pace and startups are bent on exploiting it in every way. As complex as it may seem, blockchain is a decentralised ledger that records transactions on blocks and encrypts them cryptographically. It’s decentralised nature enables preserving the integrity of data and hence makes blockchain ideal for application in data management.

Healthureum, launched its initiative aiming to revolutionise the healthcare technology by integrating blockchain and cryptocurrency into the existing system to eliminate malpractices and errors in order to ensure efficiency and accuracy in the operational procedures of healthcare. The company made news after it raised a sizeable fund in its Pre Token Generation Event (Pre-TGE) mounting up to $15 million at the very beginning of this year.

Healthureum is a platform designed on Ethereum based blockchain employing smart contracts to create a dynamic environment for stakeholders involved in the overall healthcare procedures by facilitating payments and rewards within the system with the use of an exclusive token called HHEM.

Spearheaded by Data Scientist Malcolm Wilkinson, Medicine Specialist Mr Tomoi Set, and Chief Project Office Danuta Kowalska, this integration of a 21st century technology, blockchain, and one of the most ancient practices of humankind, healthcare, is dubbed as the first step to a holistic environment where solutions to multiple health services related problems well forth from this sophisticated software.