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Houston co. completes stem cell-for-cryptocurrency exchange

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A Houston-based company successfully completed Feb. 5 a cryptocurrency transaction for a health care service in Sugar Land as the payment method is being used globally to purchase anything from food to private jet services. Houston-based CareX Blockchain Platform , a subsidiary Scottline Healthcare Solutions, facilitated the exchange for a patient needing stem cell therapy at Sugar Land-based clinic Elite Doc Health and Beauty. The company is developing a technology that uses blockchain to make health care transactions. CareX also recently received a $10 million commitment from an undisclosed investment group as it  aims to raise $20 million  through an initial coin offering. "Several doctors have signed up (in Houston)," CEO  Mike Bishop  said. "But the  ICO  (initial coin offering) is still the vehicle to build out our network." Pinto Walia , 53, was the patient involved in the transaction. Walia has double-hit lymphoma, an aggressive and rar

Global Expansion plan

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The CareX Blockchain Platform has begun signing up providers in the United States, but our plans do not end there. Indeed, we see a major opportunity for CARE tokens to help facilitate medical tourism. Instead of carrying large amounts of cash or engaging in expensive wire transfers, patients and providers can make a simple CARE token transaction. Use Case  (from our white paper ): A resident in Dubai who is coming to Houston in the United States for orthopedic surgery and rehabilitation may need to carry more than the $10,000 cash allowed into the country on a tourist visit. Instead of bringing relatives or engaging in a costly bank transfer, he can invest in CareX and use his tokens to pay for the procedure upon arrival. This kind of service is invaluable to the person in need. At the same time, it helps providers gain valuable business on a global scale. We plan on first providing patients from around the world the opportunity to visit providers and specialists base

VENKAT GARIKAPATI

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Venkat Garikapati Chairman and Chief Executive Officer of Scottline Healthcare Solutions Inc, Scottline Foods & Beverages and Texas Energy Products Inc. https://www.linkedin.com/in/venkat-garikapati/ Born: Dec 7th, 1980, Guntur, Andhra Pradesh, India Current Residence: Houston, Texas, USA Country of Citizenship: India Occupation: Chairman, CEO Scottline Group of Companies. Net worth: US$38Million Education: Master’s in Information Technology, Bharathidasan University, TN, INDIA. Venkat Garikapati, CEO & founder of Scottline Healthcare Solutions Inc, is building a blockchain based healthcare marketplace. He is leading the development of Scottline Health’s core products and infrastructure. He serves as the principal solution architect and product visionary for the company’s cloud-based big data, data warehousing and Business Intelligence applications. Venkat is a successful serial entre

Medical Company Launches Platform to Help Americans Escape Expensive Health Insurance

HOUSTON ,  Nov. 21, 2017  /PRNewswire/ -- Not everyone has been waiting for Congress to improve the chaotic and expensive situation in American healthcare. A new company based in  Texas  sees the promise of a solution in the blockchain. By using the blockchain to make secure healthcare transactions, the CareX Blockchain Platform will reduce the cost for services like doctor visits or trips to the emergency room. "There's at least one simple reason health care expenses have gone up so much--paperwork," said CareX Blockchain Platform CEO  Mike Bishop . "Somebody has to be paid to do all the paperwork and make sure it results in money coming in." CareX estimates patients could get discounts as big as 40 percent off the "Usual and Customary" rate. "Doctors love the idea, because they are getting a solution to their medical records problem, they are paid immediately with something that has inherent value, and they can keep track of

Texas Health IT company wants to make the US healthcare market competitive again

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HOUSTON, Dec. 05, 2017 (GLOBE NEWSWIRE) -- By creating a secure platform for people to store their health records and shop for medical providers, one new company out of Houston plans to revitalize the American healthcare market.  “Compare the experience of buying a product like a television with going to the doctor or hospital,” says CareX Blockchain Platform CEO Mike Bishop. “What is the biggest difference? With televisions, prices are transparent, but healthcare providers?--not so much.” The CareX platform will change this by enabling medical providers to share their prices for various procedures in an open and upfront manner, using an alternative payment system built on digital tokens. “Think of CARE tokens like a frequent flyer account,” says Bishop. “You can earn or store tokens and use them when you need to go to the doctor or hospital.” Making it possible for healthcare consumers to compare prices means healthcare providers can compete for business they may n

Introducing Healthcare Cryptocurrency - CARE Tokens by Carex Health Network

A new era for digital currency in 2017 has been a twister of a year in the world of Cryptocurrencies, ICO’s and Token Sales. Entrepreneurs from across the globe have created new coins and tokens in multiple streams. Finding the perfect ICO has been turning difficult through their regulation. There are many things to look out for when investing in a token sale and also to consider things where we feel can make a good potential. ● Strong Management Team ● Exceptional Business model ● Advanced Integrated Tools ● End to End Encrypted modules ● Easily Practicable Methods ● Reliable Assistance CARE is a new token launches by CAREX is going to fulfil all the above mentioned ones. CARE Token is a new coin that will be used globally in healthcare IT platform. The aim is to make this one of the world’s largest token for healthcare tourism based on Blockchain. To explain in detail, CareX Tokens which is formerly known as “CARE”, these tokens will rely on robust smart contra