WELL

The main competitors of WELL are local players, such as Teledoc in the US, Chunyu Yisheng in China, or Doc+ in Russia, with a long-lasting local market expertise. There are many potential legal issues regarding telehealth that have to be considered during the global expansion.

As WELL aims to expand globally it has to pay significant attention to potential legal issues with local authorities regarding processing sensitive patients' health data. As telehealth is a relatively new method of healthcare assistance, its standards and boundaries has not yet been defined in every country, so this regulation aspect has to be considered. The legislation of online prescribing is not clearly regulated, and this legal risk has to be considered. The Roadmap only highlights the main steps and does not give detailed information about product development. The business model is only conceptually described so there are no figures that can clarify the commercial viability of the platform. 

 The Use of Funds is not given in a detailed way and there is no financial plan for anticipated expenditures. Including pre-sale, the ICO will last for 5+ months. That means freezing investors' money for almost half a year and definitely has to be taken into consideration. Moreover, there is no information about the token delivery date in WP. The company aims to raise 28 million USD via selling 40% of tokens. This gives us post-money valuation of WELL at the level of 70 million USD. This figure is significantly above the valuation of comparable companies on the US market, according to Gartner. WELL does not provide financial forecasts for the company growth. As of now, there is no information about potential listing of tokens. As WELL will give generous bonuses for early-contributors, the pump and dump risk right after the end of ICO should be considered. 

The founder and CEO of Well - Ildar Fazulyanov - has strong experience but it is mainly related to the area of finance, not healthcare. Co-founder's of the company experience is also mainly focused on finance, fintech and private equity, not medicine. According to Development TL's experience on Linkedin, he is not currently employed at Well. Moreover, he resides in Bankok, Thailand, not in Los Angeles as the rest of the team. To sum up, the business development part of the team is quite strong, while it seems that WELL lacks technical and industry expertise.

With the introduction of Well healthcare platform, the company wants to eliminate boundary barriers and reduce the long distance between doctors and patients by providing them with such a platform from where they can interact with each other.

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Built on Blockchain technology, Well’s primary aim is to connect the far-flung patients with healthcare service specialists worldwide. The company also offers its Well tokens services that patents can use to buy medical services and healthcare service providers can use to access the patients.

Well is certainly a unique concept, and if implemented as per the designed, it will surely create havoc not just in healthcare industry, but also in cryptocurrency world and enable investors to know how to invest in ICOs.