FAQs

About Patientory

What is Patientory building and how?

Patientory is a cybersecurity blockchain-based distributed electronic medical record network. Think of us a bridge that connects siloed, centralized EMR systems. Healthcare entities can secure private health information, rent computing power, servers and data centers and make their unused resources available through a unique private infrastructure on the Ethereum blockchain. From the platform, smart contracts can be executed in relation to the patient care payment cycle.


Is Patientory another EMR?

No. Think of us as a bridge that connects siloed, centralized EMR systems. Our system connects with EMRs like Epic, Cerner, Allscripts and Meditech.


Why is Patientory necessary?

There is a growing demand for healthcare cybersecurity solutions and computing power from the health and scientific community to run large applications and process huge volumes of data. Large volumes of patient health information can be supported which can further be utilized by Artificial Intelligence for accurate patient treatment.

 

  • Healthcare Dapps (blockchain-based applications) that need private off-chain computation.
  • High Performance Computing, Big Data, machine learning for care treatment (shorter time-to-diagnosis, reduced administrative costs).
  • Future healthcare distributed applications that will require new form of decentralized infrastructure see Edge/Fog computing, ambient AI, IoT + Big Data, distributed deep learning, parallel stream processing etc.

How does Patientory work for healthcare consumers (patients)?

Patientory’s mobile app allows patients to create an individual profile. On this profile, they store their medical information on a secure, HIPAA-compliant blockchain platform. Then they can connect with care providers as well as other patients who have similar health issues or concerns. This allows patients greater control over their overall health across multiple care teams, both inside and outside the hospital.


What does Patientory do for healthcare organizations?

From electronic health information confidentiality to security threats identification to disclosure protection, Patientory’s employment of blockchain technology helps the healthcare ecosystem mitigate damaging data breaches. Unlike electronic health records, which are vulnerable to hacks, blockchain technology is able to utilize a more secure, permanent record of online information exchange.


What is PTOY?

PTOY is the native token of the Patientory platform and currency fuel of the platform. In exchange for PTOY, users (which include patients and healthcare organizations) will be able to use the network to rent health information storage space, and to execute health-specific smart contract payments and transactions.


How do doctors use PTOY?

Doctors (and their healthcare organizations) use Patientory to get the patient’s complete and up-to-date medical history. They use PTOY tokens to secure private health information, rent computing power, servers and data centers through a unique private infrastructure on the Ethereum blockchain. In addition, smart contracts can be executed in relation to the patient care payment cycle.


How do patients use PTOY?

After signing up through our app, the patient is allotted space to store information for free on the Patientory network (a secure, HIPAA-compliant blockchain platform). PTOY will allow the patient to purchase extra storage space from nodes setup in their hospital’s system.


What is Patientory’s (the company’s) role?

Patientory acts a broker to healthcare organizations in setting up nodes on the Patientory blockchain network, which drives token transactions and volume, eventually creating value for its token holders.


Does Patientory earn revenue from PTOY?

Patientory gains its revenue from the Software as a Service (SaaS) annual contract which bills in tokens purchased from market as well as population health management services (machine learning physician diagnoses support, patient-provider UI care coordination, patient engagement) from the aggregation of data on the platform as well as well as technical support.


Where does Patientory’s revenue derive from?

Direct sales channels to hospital organizations. a one-time installation fee based on number of beds, and recurring SaaS revenue for software licenses and security storage.


What are Patientory’s goals?

Ultimately, the aim is to reduce readmissions, make medical records more secure, and reduce overall health IT costs.


What is the legal structure of Patientory?

Patientory is a company incorporated in Delaware, United States under the name PATIENTORY, INC. (Company Number, 5921117).


Where is Patientory at the moment?

Patientory is headquartered in Atlanta, Georgia. Patientory works with advisors located at the prestigious Georgia Institute of Technology. Offices are provided by TechSquare Labs in Atlanta and Founders Base in San Francisco.


When was the company founded?

Patientory was founded in 2016 as part of the inaugural class of the Boomtown Health-Tech Accelerator in Boulder, Colorado. This led to a collaborative exchange with the Denver-based Colorado Permanente Medical Group, part of the Kaiser Permanente consortium, based in Oakland, California. Patientory is also part of the Startup Health portfolio, a global organization leading the movement to transform health.


What about the team experience?

The management team has over 40 years combined experience building and growing healthcare technology companies. They’ve received international published healthcare research and developed platforms for VC backed digital health companies as well a Fintech blockchain company. The team received both national and global market validation and was recently named a Top 11 company Disrupting Healthcare in 2017.

They also have a broad based advisory board that spans both healthcare and business expertise, with successfully exits to companies such as Blackberry.

Since September 2016, the team has grown to include blockchain developers, PR and marketing specialists, and business developers.


Has Patientory began any successful trials and successful before this crowdsale?

As of May 2017, we have 8 pilots in the pipeline for extensive validation and proof of concept testing in pipeline. With over 2,000-customer validation interviews with the aid of Colorado Permanente Medical Group and Startup Health, this gives us the ability to continue to learn, build and scale our product on a global level, we’re on track to provide superb value to our users.


How are you affected by HIPPA and other privacy laws?

The Patientory platform will enable HIPPA compliance for network participants. The network is built on the blockchain, so it comes with many of the relevant privacy protections built into the technology.


Do you envision expanding this to all areas of health care including pre-hospital and field care and transportation?

We’re focused on developing out blockchain for healthcare population health management.


Where does your current revenue derive from?

Direct sales channels to hospital organizations. a one-time installation fee based on number of beds, and recurring SaaS revenue for software licenses and security storage.


Is Patientory network and system limited to USA?

No. We have international health systems in our pipeline.


How do we know Patientory is legitimate?

Patientory has received commendations and awards already.

  • Voted Top 5 Atlanta startup company out of 200+ startups
  • VC Taskforce-Startup World Pitch Winner
  • Ranked Top 5 digital health solution in the world for empowering patients
  • Voted Top 10 Amplify Women in Technology Startup out of 139 startups
  • Named Top 11 Company Disrupting Healthcare in 2017 by Becker’s Hospital Review
  • MedTech Innovator Top 100

Do you have a company Executive Summary?

Yes. Please request a copy at http://bit.ly/talktousatpatientory and we’ll email it to you right away.


Is Patientory open source?

No, it is not open source. Because Patientory uses proprietary and patented algorithms, there are no plans to open source the product at this time.


Got any videos to verify the work you’re doing?

We will be releasing a demo video as part of our crowdsale campaign as soon as possible.


What is the product roadmap look like?

Please request a copy at http://bit.ly/talktousatpatientory. We would be happy to send you a copy.


CrowdSale

When did the crowdsale take place?

The crowdsale opened on May 31, 2017 at 09:00 AM PST, and closed on June 3, 2017 at 1:30 PM PST.

Further details are available:


What were the key investment details I should know about the crowdsale?

Here are key investment details to be aware of:

  • Price of PTOY without bonus: 1692, as confirmed on May 31, 2017
  • Bonus: 20% bonus the first 10 days/10% bonus the next 10 days/0% after that
  • Minimum objective: 5.000 ETH
  • Max PTOY total supply: 100.000.000 PTOY
  • Max PTOY sold by crowdsale: 70.000.000 PTOY
  • Min PTOY sold by crowdsale: 2.295.000 PTOY
  • All unsold tokens will be burned

How much PTOY does Patientory hold?

The Patientory Foundation is the holder of the 30,000,000 Patientory tokens. 20,000,000 is reserved for future research and development regarding healthcare use cases. The remaining 10,000,000 will be distributed to the team over the course of 5 years after meeting milestones.


How much did you raise during the crowd sale?

$7.2 million USD.


What exchanges will you be traded on?

For now, we will be traded on EtherDelta, Liqui, Bittrex, TokenMarket, ICObazaar, and HitBTC.


I participated in the pre-sale/crowd sale. Why are my tokens locked?

An audit of the various smart contracts used during the pre-sales and crowd sale is being conducted. All PTOY tokens are non-transferrable by individuals and exchanges while this audit is underway.


Who is conducting the audit?

CoinFabrik, a respected developer of smart contracts and blockchain applications.


How long will the audit last?

We’ve been informed that it will take up to two weeks following the end of the crowd sale (June 3, 2017).


What are the auditors searching for?

CoinFabrik’s auditors are auditing the smart contracts’ code for security flaws, misbehavior, and inefficiency.


If the audit doesn't go well, what happens next?

We expect to be able to implement any fixes or changes the auditors recommend immediately.


I heard some people have been able to start trading tokens already. How can they do that if the tokens are locked?

Yes, people have been able to trade PTOY even while the tokens are locked on two exchanges: HitBTC and ICObazaar. Here is a detailed explanation why:

  • After contacting both companies, we were able to confirm that HitBTC and ICObazaar purchased PTOY tokens during the May 2017 pre-sale.
  • Both companies have established trading instruments on their platforms, and are supplying tokens from their own previously purchased stakes.
  • The PTOY tokens being traded on HitBTC and ICOBazaar are not available for withdrawal until the official release.
  • All questions about these trading instruments should be directed to HitBTC and ICObazaar (not Patientory).

Why conduct a crowdsale?

We must distribute the PTOY tokens to create a ‘market network’. We want Patientory to be a project for the public, so it is important that distribute our tokens as widely as possible in the interests of you, the public and benefactors.


Did the crowdsale have the same 40 ETH minimum as the pre-sale?

No, it did not. There is no minimum during the crowdsale starting on May 31.


I contributed to the pre-sale (or the crowd sale). What about my bonus?

What you see in your wallet reflects your bonus.

 


How do I determine how many PTOY I have with my bonus?

You can verify the amount of PTOY tokens you should have with your bonus by performing this calculation:

  • Take the amount of ETH you contributed x your bonus (1.2 for the 20% bonus, 1.25 for the 25% bonus, 1.35 for the 35% bonus, 1.4 for the 40% bonus)
  • Multiply that total by $219.96 (the closing price of ETH on Kraken before the crowd sale started)
  • Divide the total by the price of PTOY ($0.13).

Here’s an example. If you contributed 40 ETH during day 2 of the the crowd sale, you would get a 20% bonus.

Here’s the calculation:

  • 40 ETH * 1.2 = 48
  • 48 x $219.96 = 10558.08
  • 10558.08 / $0.13 = 81,216 PTOY with bonus.

I used a Parity wallet. Where are my tokens?

Parity does not load crowdsale tokens. You’ll need to import parity private keys to myetherwallet. Please follow these instructions here to gain access to your Parity wallet through myetherwallet.

If you need further assistance, please contact support@tokenmarket.net. They can assist and help troubleshoot.

 


Does Patientory comment on the PTOY market?

No. We do not comment on pricing, volatility, or the direction the market is heading.

Individuals are welcome to join and participate in our Telegram and/or Slack communities. Both contain vigorous speculation and robust discussion on all aspects of the cryptocurrency market, including PTOY.


What kind of escrow service do you use?

We use multisig wallets. We will publish our Ethereum smart contract code before the crowdsale.


PRE-SALE

When did the Patientory pre-sale take place?

The Patientory pre-sale took place May 2, 2017 to May 30, 2017.


What is the name of Patientory’s native token?

PTOY


What standard does PTOY token adhere to?

ERC20


Why did you only accept ETH? Why didn't you accept other coins like BTC, WAVES, DASH, LTC, etc.?

There had been reports that some purchasers experienced difficulties supporting tokens on certain wallets. We wanted to minimize that risk, so we standardized the process by accepting ETH. That put everyone on the same playing field. Other benefits included the immediate distribution of token, transparency, and more purchaser protection. Unfortunately, such smart contract capabilities were not available in other cryptocurrencies.


Why was there a 40 ETH minimum to participate in the pre-sale?

Pre-sales are an opportunity for large purchasers to take advantage of a discounted price for tokens in exchange for purchasing a large quantity earlier. The Patientory pre-sale bonuses were very generous.


During the pre-sale, were individuals able to purchase a certain amount to “hold their place in line” and then transfer more later?

The smart contracts were setup to treat each purchase as a separate transaction. If the purchaser were to purchase the minimum PTOY equal to 40 ETH, and then try to purchase a second time at less than the minimum, the transaction would not be processed.


If I participated in the pre-sale, when and how do I get PTOY tokens?

The PTOY tokens will be distributed after the crowdsale ends.


What was the conversion rate of PTOY/ETH? When will that price be known?

The ratio of PTOY/ETH was determined to be 2033.77 PTOY/ETH at the time the crowd sale and was based on the value of ETH on May 31, 2017. Pre-sale purchasers also got that ratio at that time.


What happened if the value of ETH rises during a bonus period?

People received the same number of tokens.

For example::

  • Purchaser 1 uses 40 ETH to buy PTOY at the beginning of the 20% bonus period when ETH is at $120.
  • Purchaser 2 uses 40 ETH to buy PTOY at the end of the 20% bonus period when ETH is at $200.
  • Both Purchaser 1 and Purchaser 2 are within the 20% bonus period.
  • Both Purchaser 1 and Purchaser 2 will receive the same number of tokens.

How much was raised during the pre-sale?

18,912.599 ETH


Bounty Campaign

Where can I learn all about the bounties?

Please see this thread in Bitcointalk Forum: http://bit.ly/BountyDetails


Can you please tell me when do you guys plan to pay the bounties?

Bounties will be distributed on June 26, after the crowdsale.


I participated in the bounties. Where is the public spreadsheet listing how much PTOY I will receive?

The public bounty table can be found at bit.ly/bountyspreadsheet.

 


I completed Social Media tasks using The Viral Exchange. How can I tell how much PTOY I should receive?

Your balance on The Viral Exchange will indicate how much PTOY you earned from completing the Social Media tasks.