What is Patientory (PTOY)?
Future of PTOY Cryptocurrency and know how to buy PTOY

#1 What is PTOY?

PTOY - The Basics

  1. Patientory is a patient-centered protocol that is aimed at changing the way healthcare stakeholders manage electronic medical data and interact with clinical care teams, using blockchain technology.
  2. The need for cooperation between care providers like specialists, physicians, etc. and wellness providers like nutritionists or rehabilitation nurses has resulted into increased use of technology which has created silos of bulk data within Electronic Medical Records (EMRs). This results into increased management and processing time, requiring resources to troubleshoot issue, update field parameters, backup and recovery measures, and extracting information for reporting purposes. However, blockchain technology could help increase the efficiency and reduce the cost of these operations as well as provide a feasible security infrastructure.
  3. PTOY allows patients to purchase extra storage space from nodes set up in hospital systems. This token is used to maintain quality in the healthcare industry, regulate payment transaction and ensure that patients and doctors get access to network storage space on the Patientory platform.
  4. A key impact of the new healthcare paradigm is that the providers receive compensation on the basis of the care they provide for a patient’s health, where-in providers are eligible to get additional compensations beyond the care delivered.
  5. With the use of a Patientory Blockchain Network the providers are looking forward to minimised breaches into hospital systems due to the inherent access properties of the system and a channel for facilitated care of patients with results in overall improvement in health outcomes.

PTOY Development

  1. Patientory software looks to provide an improved patient-provider relationship than the existing system. Currently, the software only has the capability to transfer information from one system to another.
  2. Furthermore, doctors are reluctant to offer access to Electronic Health Records to the patients, which creates a sense of insecurity among the latter leading to the patient being disengaged or frustrated in their care. However, Patientory looks to create an open dialogue between the patient and healthcare provider through the blockchain infrastructure and its interoperability.
  3. The software follows the Health Insurance Portability and Accountability Act (HIPAA). This accounts for a set of guidelines that must be addressed, including Privacy Rule, Security and Cloud Computing Guidelines, and Implementation of Goals for Usability and Scalability.

#2 What are the benefits of PTOY?

PTOY Technology

  1. The entire Patientory system requires several independent systems for implementation. It is connected to the internet through an RPC server which acts as an interface to a private implementation of a Ethereum Blockchain. This creates a network of blockchain nodes which is only authorised to address other blockchain nodes, a key authoring entity, a HIPAA database and the server. The key authoring entity generates private/public key pairs for use on the blockchain.
  2. Every user in the system maps to a private address on the private blockchain. Every private address is only authorized to directly speak to one contract on the blockchain.
  3. When a request for data is placed, the external party requests data from the service by calling the RPC server with a cryptographically signed transaction meant to be submitted to the blockchain. The RPC server verifies the external party’s identity through a login request. The RPC server takes in the login request and sends it to the Data Aggregate Machine only when the system ensures that signs match the public keys in their database.
  4. Once the signature matches an entry in the database of permissioned public keys, the RPC server accepts the request and submits the request to the Data Aggregate Machine. The Data Aggregate Machine then submits the requests to the private blockchain verifiers. The verifiers receive the request as a call from a blockchain account against a target contract. The verifiers execute this call, and if the request is an allowable action, the transaction is entered into the next block.
  5. Patientory issued tokens (PTOY), is a ERC20 token and the native token of the Patientory platform. Patients and healthcare providers can use space on the Patientory platform on rent. This rent would be paid in PTOY tokens, The space is basically for storing health related information. Both parties would be able to conduct transactions and make payments through the smart contract system. Health insurance companies would also benefit from the platform where everyone can take advantage of a transparent yet secure mechanism of receiving, providing and paying for healthcare.
  6. Patientory creates a Care Management system that is a peer-to-peer architectural framework. It helps in validating two or more entities engaged in a healthcare transaction.

#3 How to buy and store PTOY coins?

How to buy PTOY?

PTOY can be acquired using Patientory’s native app, or the open cryptocurrency market. It is currently available on 5 exchanges across the market, namely Liqui, Bittrex, Radar Relay, HitBTC and UpBit. The total supply of PTOY tokens is limited to 100 million.

  1. The exchanges mentioned above are only platforms on which you can trade PTOY,but CoinSwitch, one of the largest cryptocurrency exchanges around, helps you choose which platform to buy from. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with the PTOY token, and CoinSwitch will facilitate the comparison at different exchanges by showing you the prices at the exchanges it’s sold in, all at the same place.
  2. With CoinSwitch, you need not create or rely on wallets or the exchange you use to buy the PTOY tokens. Instead, all transactions can happen to and fro your very own private wallet.

How to store PTOY?

PTOY can be stored on wallets such as MyEtherWallet and Trezor since it as an ERC-20 compliant token. It is also supported by other hardware wallets.

 

#4 What is the future of PTOY?

Also Read: Complete Analysis of Patientory | Live Patientory (PTOY) Price Charts And Predictions

  1. The Patientory ICO took place between May 31st to June 3rd 2017. The ICO sold around 70 million tokens raising around $10 million.
  2. 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, to which patientory does provide a viable solution. So it does seem to attract more patients and providers towards network and data security. This will be a new generation of powerful, blockchain-based applications that will shape the next era of business in healthcare.

Price history

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 27, 2018

0.064875

0.070178

0.063801

0.068049

190,599

4,541,280

Jul 01, 2018

0.061812

0.062103

0.059865

0.060641

119,589

4,326,820

Jun 01, 2018

0.125346

0.127837

0.12113

0.123171

203,501

8,774,220

May 31, 2018

0.126835

0.126835

0.12276

0.125227

197,955

8,878,440

Apr 30, 2018

0.193621

0.194806

0.181584

0.18482

443,223

13,553,500

Apr 01, 2018

0.103438

0.113464

0.094555

0.100843

748,002

7,240,670

Mar 01, 2018

0.17442

0.204701

0.169151

0.201784

1,423,170

12,209,400

Feb 28, 2018

0.187645

0.195093

0.173695

0.174163

448,493

13,135,100

Feb 01, 2018

0.309249

0.317235

0.229964

0.240981

580,226

21,647,400

Jan 01, 2018

0.593383

0.644107

0.551298

0.62317

3,896,820

41,536,800

Dec 01, 2017

0.17025

0.181781

0.161812

0.178557

552,843

11,917,500

Nov 01, 2017

0.183532

0.188126

0.161764

0.164067

485,292

12,847,300

Oct 01, 2017

0.439619

0.453427

0.42994

0.437508

659,777

30,773,400

Sep 01, 2017

0.379795

0.460359

0.373669

0.420466

2,800,720

26,585,700

Aug 01, 2017

0.12179

0.164291

0.12179

0.139104

444,119

8,525,270

Jul 01, 2017

0.152486

0.213311

0.146473

0.187616

1,283,850

10,674,000

Jun 06, 2017

0.648183

0.729341

0.611011

0.716479

3,256

-

Current Trends

PTOY is trading at $0.70 per token as of July 2018. It has a market cap of $178,190 USD  with the current circulating volume of about 70,000,000 PTOY.

 

#5 What makes PTOY different from other cryptocurrencies?

  1. Patientory does not just focus on adding a currency in the market for transactions but also the regulation of data in the healthcare industry.
  2. It engages a trust-based relationship between the two parties interested in a transaction. The exposure to data is also limited to just the transaction level, which adds to the security.
  3. It is better than a conventional centralized system that needs to limit the number of providers for a wide range of patient needs due to efforts required in managing the access and liabilities.
  4. It is aimed at security of transaction of data which makes it different from most of the cryptocurrencies.

#6 Should you invest in PTOY?

  1. PTOY certainly packs some potential due to its uniqueness and the scalability that it brings to the industry. It is still in its the initial stage, and some may argue that it is severely undervalued.
  2. Apart from running on an Ethereum platform, it is also surrounded by the regulations of HIPAA which make it even more secure and regulated.
  3. Investing in Patientory means that you are investing in the healthcare sector. Especially in this day and age where the cost of healthcare is on the rise, this digital currency is transforming the healthcare experience both for the patients and their caregivers. All thanks to the revolutionary blockchain technology that is the backbone of this cryptocoin.
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