SAN FRANCISCO, Aug. 17, 2017 /PRNewswire/ -- The economic burden caused by critical illness is a challenging issue for all. As a leading innovator in China, Qingsongchou kept working on the solution of medical cost trend and had launched its first blockchain product, "Qingsongchou Mutual Plan" in 2016. During the 1 year period, over 8 million people have joined the plan and a USD 15 million premium has been collected. Due to Qingsongchou's great contribution to the healthcare market, it was voted by CB Insights as one of "The 250 Most Promising, Private Fintech Companies From Around The World".
In this revolution of technology, blockchain was introduced to the world and Ethereum, and other new generations of blockchains will improve the system. Qingsongchou and its team keep exploring the application and the potential of blockchain. With their mature data model and rich experience in mutual market, Qingsongchou intends to overturn the current healthcare industry by building up a Health Mutual Society (HMS) on Ethereum.
On August 28th, the ICO (Initial Coin Offering) of HMC is going to be launched globally (for details, please visit the official website: www.hms.io)
Operation Mode of HMS
HMS will deliver affordable healthcare coverage by removing intermediate cost and separating the medical cost among members. Both individuals and organizations will be able to join the plan by depositing a certain amount of tokens. When a qualified policyholder is diagnosed with one of the specific illnesses on the predetermined list, s/he could upload the documents and file a claim. As long as the claim is approved by the elected notary organizations, a certain amount of token will be released as payout. Restricted by a smart contract, the operation of the system will be autonomous, efficient and transparent.
Advantages of HMS
Contact:
Sprina
Marketing VP
business@hms.io
www.hms.io
