Written by Dimitry Chesnokov

Business Development,  ICO Alert. Ex Wall Street Currency broker. Cryptocurrency enthusiast.
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May 22 2018

Intiva Health (NTVA) - ICO Alert Report

Intiva Health (NTVA) - ICO Alert Report

What is Intiva Health?

“Intiva Health offers a new standard of distributed verification for medical credentials. It allows providers and medical facilities a way to share, access, and validate personal documentation without the need of a centralized intermediary. This innovative process of credentialing is made possible through a platform that offers a full suite of services for the medical community. From credential management, to continuing medical education courses, and digital HIPAA compliant communication, Intiva eliminates industry inefficiencies that cost billions, making providers lives easier and improving the quality of healthcare as a whole.”

— Ivan Perez, Marketing Director

ICO Alert Quick Facts

  1. Disrupting the medical industry with decentralized credentialing
  2. $0.50 = 1 NTVA token
  3. Pre-ICO: April 30, 2018 — May 20, 2018 
    ICO: May 21, 2018 — July 8, 2018
  4. 120,000,000 total available / 1,000,000,000 total supply
  5. Already working with thousands of medical professionals

Q&A with Ivan Perez, Marketing Director

ICO Alert: How does the NTVA token function within the platform and why is it needed?

NTVA was specifically designed with medical professionals in mind. By taking action on our platform, users can earn NTVA. This means that users are incentivized to use NTVA as a way to access and purchase a host of services through our platform and its online medical marketplace.
NTVA incentivizes a new open-sourced healthcare ecosystem, allowing the secure sharing of information between all relevant stakeholders. As well as giving affiliated vendors on our platform a way to reach our users at specific opportunity points. Be it through targeted impressions or special offers, dependent on whether or not a specific user has given permissions to reveal his interest in said offers.

ICO Alert: What are some of the major problems in credentialing software right now and how is Intiva planning to solve them?

Credentialing software is still largely centralized, moreover, the actual process of primary source verification of credentials is lengthy and unnecessarily complicated. For one, every time a physician or nurse presents his or her documents to a new hospital, the documents need to be independently verified.
The average physician has about 28 credentials, sometimes each from a different entity, each with their own filing system that is on average, slow, potentially analogue, paper-based and subject to human error.
Add to that a verification process that currently takes anywhere from six weeks to three months, and you have a huge bottleneck in the industry. Not to mention a huge headache and revenue loss for both doctors and hospitals.
When a user stores his or her credentials on our platform, the files are fragmented into multiple copies, encrypted, timestamped and distributed across our node network. Not only does this provide an unparalleled level of security, but the timestamping of the documents begins a credit-like process of building provenance. Over time, providers credentials will have a historic account of every successful verification, this will help build and maintain their reputation, as well as quicken the process of document validation.
Every time a document is shared, a historic record is kept as a transaction in our network. In this sense, documents that have already been verified only need to be confirmed as priorly verified. Hospital B can quickly validate credentials by accessing our platform and seeing that hospital A has already verified these documents. Provided that no updates have been made to the credentialing packet, we turn a weeks’ long process into a matter of minutes.

ICO Alert: What is your strategy for growing adoption in the medical field? What does the current user base look like? What are some of your major partners in the industry?

The overall strategy is to generate awareness of our project. Our platform is already built, and our credentialing solution is in beta and will go into production by Q3. As we speak, thousands of users and various medical facilities have already joined our platform, but that’s only the tip of the iceberg.
Our goal is to offer our services to all medical facilities across the country, and eventually, to connect and partner with medical state boards and create a distributed repository for all provider data in the U.S. This is why a big part of our token sale’s funds will go into scaling our marketing efforts and our internal staff. We will also seek to grow our international community, as we prepare for the potential global future of our platform.
At present, some of our biggest partners include the American Heart Association (AHA), National Osteoporosis Foundation, Lloyd’s of London, AKH, Medstaff, and Peace Health, among others.

ICO Alert: What is your strategy for creating a network effect for Intiva Jobs and attracting top medical talent that can be found by recruiters?

We use an omni channel approach to acquire and engage top healthcare professionals to search and be found within Intiva Jobs. For example, we work with numerous medical associations and societies, allowing us to access their network. This makes for an all-inclusive career platform where all types of providers can find work. We also engage potential candidates from other parts of our career platform including professionals taking continuing education courses, using our credential management platform, etc.

ICO Alert: Blockchain technology adoption has been spreading across many different industries. Why did Intiva decide to use hashgraph instead? What are the benefits of this technology compared to blockchain?

For us, it was predominantly a question of security and speed. We needed a network with a high transaction throughput and stringent security standards. The hashgraph consensus protocol is Asynchronous Byzantine Fault Tolerant, sybil attack resistant, and DDos resistant.
Additionally, by doing away with PoW and the need for miners, hashgraph offers fair and true timestamping of transaction sequence, this means that we have guaranteed ordering of transactions as they occur in real time. Which, as we’ve explained, is an essential part of our credentialing solution, and the historic record of documents on our platform as they are verified and updated over time.

ICO Alert: Privacy and security is a high priority when it comes to personal records. What kind of security measures are you taking to ensure that private information won’t be exposed if one node is compromised?

As we mentioned, hashgraph is Asynchronous Byzantine Fault Tolerant, this means that our system can tolerate Byzantine faults, the category of faults where nodes may be malicious. In doing so, hashgraph mathematically guarantees that, over time, all nodes in the network can agree on consensus. Their protocol goes beyond this by also being asynchronous, meaning that consensus can be achieved independent of some nodes attempting a malicious attack. Essentially, two thirds of the network will always reach agreement.
This form of consensus, not achievable by most blockchains, combined with a fragmentation process of provider credentials, lets us offers the highest level of security in the market.

ICO Alert: What kind of experience does your core team have that will help Intiva achieve its goals?

To be successful in a project of this scope and magnitude Intiva requires experience and expertise in multiple disciplines. Both the Executive Team and our Advisory Board represent decades of experience in healthcare practice management and administration, healthcare systems and technology, insurance, education, finance and startups. The team and advisors represent backgrounds including the co-founder of blockchain pioneer Factum, C-level executives at Goldman Sachs, members of the board directors at Harvard and Ellie May, the of CEO Nexus, BadCrypto Podcast, and more.

ICO Alert: What are Intiva’s primary geographic targets? Are there any plans to move beyond the healthcare industry? If yes, what are the future plans?

Intiva is currently focused on the U.S. healthcare market. However, we have already began discussions with world healthcare organizations to expand globally in the healthcare space. Additionally, we are expanding into multiple professional verticals including legal, education, accounting, oil and gas, and many others.

ICO Alert: As a non-Intiva question, we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?

Distributed ledger technology is here to stay, that much can’t be disputed. We think the same can be said of tokenized platforms. In our opinion, the use of digital currencies offers a broad range of new data-driven opportunities. From being able to train more accurate predictive models, to the reduction of transaction fees in online purchases, and the development of new standards of equity models as they pertain to a platform’s valuation.

ICO Information

Pre-ICO begun on April 30, 2018 and ended on May 20, 2018. The main ICO begun on May 21, 2018 and will end on July 8, 2018. There are a total of 120,000,000 Intiva Health tokens (NTVA) available during the ICO, representing 12% of the total NTVA supply. A hard cap of $12,000,000 is set.

$0.50 = 1 NTVA token

Current accepted currencies for Intiva Health include bitcoin, ethereum and U.S. dollar.

Intiva Health is an ERC20 token, so it’s important that contributors use ERC20 compatible wallets to send funds to the ICO smart contract, and to receive the Intiva Health tokens.

Token Information

There are a total of 1,000,000,000 NTVA tokens being created, with 120,000,000 available during ICO.

Contributors will have their tokens distributed shortly after the end of the ICO. Visit the Intiva Health website for more information and the contribution address.

How To Participate

  1. Visit https://token.intivahealth.com/ and click on “Join The Public Sale” based on your location.

2. Complete all the steps of KYC

Restrictions

U.S. citizens wishing to participate must be accredited investors.

Allocation

Use of ICO Proceeds

Roadmap

Team

Social Media

View the Intiva Health website here.

View the only comprehensive list of active and upcoming Initial Coin Offerings (ICOs) here.

References

  1. Intiva Health Website, Intiva Health (2018)
    https://token.intivahealth.com/
  2. Intiva Health Whitepaper, Intiva Health (2018)
    https://1ub2sq3e97qa4e1n1p3jsbgb-wpengine.netdna-ssl.com/wp-content/uploads/2018/05/Intiva_Whitepaper_052118_v10.pdf

Topics: Medical, Blockchain, ICO, Token Sale, Healthcare