Cardano Blockchain to Host Digital Healthcare Platform

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In Brief
  • Digital healthcare platform Ask The Doctor is switching their AskToken from Ethereum to Cardano due to high gas fees.

  • The AskToken enables people to earn crypto while learning about healthcare.

  • Ask The Doctor co-founder Prakash Chand is also a Managing Partner with FD7 Ventures, recently acquired $380 million in Cardano.

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Ask The Doctor, a global digital healthcare platform, announced that it will switch its AskToken over to Cardano.

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The AskToken is currently an ERC-20 utility token on the Ethereum blockchain. However, the team is looking to make a change, and will be migrating over to Cardano.

Ask The Doctor enables users to earn crypto by learning about basic healthcare. They can then use what they’ve earned to pay for doctors and medication.

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The AskToken is a joint venture between Ask The Doctor and global cryptocurrency investment fund FD7 Ventures. 

“Imagine a world where those who can’t afford basic healthcare now have the opportunity to both gain valuable health-related education while getting rewarded with a digital currency that allows them to pay for doctors and medications,” said Prakash Chand, a founding member of both Ask The Doctor and FD7 Ventures.

AskToken’s African Roots

The AskToken will first be deployed in Africa, before launching in other parts of the world. One reason is that two of the founding members of Ask The Doctor already have a presence on the continent.

Former-NBA All-Star Dikembe Mutombo is originally from the Democratic Republic of the Congo. There, he helped build the $30 million Biamba Marie Mutombo Hospital in 2007. Israel Idonije is an 11-year NFL veteran whose foundation, iF Charities, does philanthropy work across Nigeria.

“With Dikembe and Israel opening doors in Africa, we feel the adoption of the AskToken will be accelerated,” said Chand.

Belief in Cardano

Another reason for the focus on Africa is because Cardano, and its managing company IOHK, has a presence on the continent as well. This is an additional reason for the token’s switch to Cardano, apart from Ethereum’s high gas fees. Chand has already had preliminary meetings with the IOHK team.

Recently, FD7 Ventures liquidated $750 million in Bitcoin in order to purchase stakes in Cardano and Polkadot. The company has since confirmed converting $380 million into Cardano. It also invested $250 million into developing the ecosystems of both altcoins.

Chand says he believes in Cardano-founder Charles Hoskinson and the mission of the IOHK team;

“I love the business philosophy that Charles has. He is passionate about using Cardano to make the world a better place. It’s a refreshing change from hearing Bitcoin investors just talk about price and profits all day long.”

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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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