The ClinicAll ICO: the story of a healthcare company with over 11 years of experience on the market
Five years later after the emergence of the first ICO in 2014, the Initial Coin Offering phenomenon still remains largely misunderstood. With most projects on the crypto scene failing to achieve any sustainable business model and deliver the value they are promising, the term ICO is being associated with pump-and-dump schemes, scams, pyramids and other terms.
Today, the ICO market is much more different than what it used to be approximately 2 years ago. The average investor has gained experience and knowledge, hundreds and thousands of scams have been exposed and regulators all around the world have managed to put a leash on the wild beast the old concept of Initial Coin Offering used to be in terms of legislation. Although we have witnessed a rapid decline in the overall funding acquired by ICO projects, this does not mean that the market is rapidly approaching its death — even the opposite, the maturity is the first sign of stabilization, which can lead to a long-term sustainability. This sustainability will result in a much lesser number of ICOs hitting their caps, but also in a much higher percentage of ICO projects delivering value and staying alive for a long periods of time.
Let’s take a step back though — what did most ICOs have in common that seemed to be their downfall? Considering that less than 10% of all ICOs that were deemed “successful” at first based on data of their token sales are actually delivering any value today, this is a question that we have to ask ourselves. And the answer has been staring us in the face the whole time — all of these companies were startups, established just months before they actually conducted their token sale. Most of them were created with the sole purpose to raise money through an Initial Coin Offering. Of course, this does not mean there haven’t been any successful ICO startups among these, but their numbers are scarce and continue to dwindle.
Which leads us to the ultimate question we all want to know the answer to — why are there only startups with blockchain initiatives conducting token sales?
The ClinicAll project — a pioneer in healthcare digitization that has been around for more than a decade
ClinicAll is one of the very few companies on the blockchain market that has been established long before the term ICO even existed. The corporation was founded in the late 2008 in Germany with the mission to modernize hospitals and improve their efficiency through enabling digitized processes inside medical facilities. Now, 11 years later, the company has come a long way — with over 8 subsidiaries across 4 continents, and headquarters situated in New York, ClinicAll is among the leading companies for software development in the healthcare niche.
In 2012, the company reached its first major milestone that would pave its road to success in the coming years. ClinicAll entered into a strategic partnership with Microsoft and launched for the first time on end devices in clinics, which allowed for the integration of third-party software into the ClinicAll systems
The fruits of the partnership quickly ripened — ClinicAll gained a unique position on market for healthcare software products. In the coming years, hundreds of hospitals worldwide will be equipped with ClinicAll systems.
In 2013, following the Microsoft partnership, ClinicAll launched the CliniTec Box, the first fully integrated patient terminal and software in a compact box on wheels, allowing a wide array of further applications for the ClinicAll systems within hospitals. Shortly thereafter, ClinicAll released the ClinicAll Software App v2.0, which provided real-time multitasking for TV/Internet/telephony and additional hospital service applications. For the first time ever, HIS (Hospital Information System) including EMR (Electronic Health Records) were fully integrated, enabling doctors and staff to access and edit patient data directly at the point-of-care, the bedside. This was an unprecedented innovation that allowed medical personnel to save an immense amount of time they would otherwise spend on administrative paperwork, as well as increased the overall efficiency of treatment.
In 2015, ClinicAll installed more than 200 systems in Saudi Arabia hospitals with new customer specific screen design integrating 24 applications. Thanks to the positive feedback received, ClinicAll opened negotiations with several governments in GCC to equip military hospitals as
well as private hospitals groups with their systems. The results quickly followed — more than 600 ClinicAll systems were installed in the first ClinicAll equipped hospital in Qatar
Over the course of the next 2 years, ClinicAll closed several strategic partnerships that further enhanced its superior position over its competitors. In 2017, the ClinicAll’s German headquarters were visited by the German Federal health minister who held a presentation on “The Significance of IT and Digitalization for Future Supply Structures”, recognizing ClinicAll as the country market leader for software development in the healthcare sector.
In 2018, ClinicAll released their Community Mobile App, which permitted users and medical personnel to employ their own devices in hospitals and healthcare centers and integrate them to the ClinicAll systems.
Recognizing the potential benefits of blockchain
ClinicAll was one of the first companies in the healthcare sector to recognize the benefits blockchain technology could bring to their quest in digitizing hospitals. In the late 2016, ClinicAll started researching several blockchain applications for payments and data exchange. The research showed positive results — the blockchain solutions were projected to potentially improve speed and especially security of all transactions multifold.
For ClinicAll, the decision was crystal clear — adopting blockchain technology was the next big step in their mission to modernize medical facilities and improve the comfort of patients as well as the workflow for medical personnel.
Looking ahead
ClinicAll is one of the very few companies on the ICO market that has a proven track record of over 10 years on the market with a number of strategic partners such as Microsoft. Perhaps this is what most ICOs so far have been lacking — a strong foundation and market experience that guarantee their commitment and expertise to fulfilling their ultimate goal.
You can learn more about the details about the project on https://clinicall.io/
