Robomed aims to raise USD 30 million through an Initial Coin Offering (ICO), with the fresh funding set to be used for further product development, marketing and business extension.

“The potential of smart contracts in healthcare is huge: every treatment case is a substance of use. Potential market as we see for our business model is USD 800 billion,” representatives of Robomed told BR.

The company has already talked to hospitals about the implementation of smart contracts based on blockchain. There are 20 hospitals that have already been enrolled in the system.

“The hospital just needs to sign up with us. All investment to implement software and make marketing is ours,” said Robomed officials. “We are targeting Eastern Europe, then Latin America, South Africa and East Asia. This is a strategic plan for the next five years,” they added.

How Robomed sees the future of relation between patients and doctors:

“I envisage relation between patients and doctors through smart contracts. This will help solve many problems and increase trust between the parties. Hospitals in future will divide by type of services: more and more outpatient treatment services will be brought to patients’ location. The rest will consolidate in huge inpatient facilities.”