What is Hippocrat (HPO)?

What is Hippocrat (HPO)?

The Hippocrat initiative draws its name from Hippocrates, the ancient Greek physician. Its goal is to establish an open standard, Bitcoin-based protocol for healthcare data that emphasizes patient data autonomy, decentralized governance, and a sustainable incentive structure. As part of this effort, data consumers within the Hippocrat ecosystem can purchase and use HPO tokens, formerly known as HUM (contract) tokens, which serve as incentives for data subjects who choose to share their information.

Hippocrat aims to foster global collaboration and self-governance among patients, healthcare organizations, and data users without relying on third-party trust. The initiative prioritizes reliable record-keeping and verification methods for data and assets, from their creation to distribution.

How does Hippocrat (HPO) Work?

The process of creating, adding value to, and utilizing healthcare data involves collaboration between many stakeholders, such as patients, healthcare organizations, public agencies, and companies. Without proper incentives, such as financial rewards or value-added services, this collaboration may not be sustainable. Hippocrat provides a protocol that allows data to be traded and utilized according to the data subject's self-determination. Any financial compensation generated during the process is distributed to all stakeholders who contributed to creating and processing the data, including the data subject.

Additionally, all information related to data creation and utilization is transparent and recorded on the blockchain to prevent forgery or tampering. This creates an environment where stakeholders can cooperate fully without relying on the trust of third parties. These protocols are not determined by any particular centralized entity, but by an open, collaborative system. Tools and services are developed with open standards and open source, and policies and standards are determined by open discussion and consensus among those participating in governance. This approach aims to enable global collaboration to improve human health.

What makes Hippocrat (HPO) Unique?

Hippocrat strives to empower individuals with self-sovereign identity technology to control not only their personal identity information but also their medical data. The concept of 'MyData' is actualized through this initiative, enabling individuals to exercise self-determination.

What is the HPO Token?

Data consumers in the Hippocrat ecosystem can buy and utilize HPO tokens. These tokens serve as incentives for data subjects who share their data. HPO tokens were previously known as HUM (contract) and underwent a hard fork in Q2 23 after the rebranding. Hippocrat plans to comply with digital asset regulations currently being finalized in major countries. The token's utility may be subject to changes in the future based on community and DAO decisions, all in the best interest of the Hippocrat ecosystem.

Conclusion

The healthcare industry has been revolutionized by the notable cryptocurrency, Hippocrat. Its patient-centric healthcare approach, decentralized health data management, and incentivization through token rewards have the potential to transform the way we approach healthcare. Hippocrat stands at the forefront of blockchain technology, shaping the future of healthcare for the better.