HCX PAY - Privacy Coin and Mining Network for Financial Services, Insurance, and Health Commerce

samuraijin February 06, 2019

Hello everyone, this new post I want to introduce about a very interesting and good project that is HCX PAY, and for more details, let's just go to the following discussion:


What is HCX PAY ?

HCX PAY is a private coin and smart contract network powering consumer applications and marketplaces. The network will significantly reduce the cost of purchasing and selling investment, insurance, and health related products and services. The HCX PAY business model derives revenue from transaction processing fees. The token which is used on the HCX PAY blockchain is called HCXP. HCXP is a usage or utility token. The HCX PAY team has a proven track record launching payment technology start-ups and working inside world class organizations including Fidelity Investments, Deloitte, Cigna, Lloyds Banking Group, IBM, Microsoft, and ConsenSys.

HCX PAY NETWORK CAPABILITIES
(Token: HCXP)

Confidential payments – HCX PAY utilizes several privacy techniques and technologies to obfuscate transaction outputs using “ring signatures" and hide transaction amounts transacted with ring confidential transactions (RingCT) utilizing cryptographic committments - represents amounts without revealing amounts.

Unlinkable transactions – HCX PAY transactions can’t be linked between the sender and the recipient enabled by dual key stealth addresses to hide the destination of the address being paid.

Conditional payments – HCX PAY utilizes advanced technology to enable event, time, behavior, human data,  and IoT activity based payouts with trusted oracles.

Egalitarian proof-of-work – HCX PAY hash function is designed for CPU and/or GPU mining for performant processing

Tokenized asset-to-payment swap – HCX PAY enables tokenization and automated payouts on healthcare and non-medical wrap-arounds

ASIC Resistant – HCX PAY CryptoNight algorithm adjustments reduce the risk of miner centralization and consequential network security damage

Adaptive limits – HCX  PAY network intelligently adjusts its parameters based on the historical data.

Payment widgets and SDKs – HCX PAY to support revenue management,  HSA, POS, Apple,  FHIR,  Google, and  exchange integration.

KEY NETWORK BENEFITS
  • Confidential payments with no third-party privacy/payment risk
  • Reduced transaction fees
  • Trusted and reputable  "anonymous witnesses" to verify real-world events, adjudicate predefined smart contract terms, and notarize cryptographic transactions
  • Negligible risk of behavior tracking
  • Optional "auditing window" for transaction verification for your auditors and regulators 
  • Negligible risk of business transaction tracking
  • New event, activity, and outcome based payment experiences
  • More efficient and less costly billing processes
  • Decentralized node operator network for maximum security
HCX PAY USE CASES


Private confidential payments between family members, lawyer-client, doctor-patient, accountant-client, insurer-client, and other personal transactions.

One of the first applications of the HCX PAY network will be the  HCX Market and Consumer App where consumers can earn convertible HCXP points when purchasing and reviewing financial, insurance, and health vendor products while preserving their privacy and control of their sovereign data.  Producers of innovative products and services will benefit as well reducing commission costs and earning HCXP points while engaging consumers responsibly in our community.

HCX PAY reduces the costs and friction associated with consumers seeking services outside of their homelands including payouts made based on verifiable outcomes or protocol execution.

More consumers and employers will seek lower cost and private retail or virtual medical consults for expert and urgent care advice projected to grow to a $50 Billion wor


Demand for wrap-around or bundled performance-based care will rise  in the United States and other countries driven by government and employer cost management mandates.

Healthcare micro-task payments will emerge in support of incentive system payouts, medical record curation, machine learning algorithms, exception handling, image analysis, etc.

Asset tokenization and swapping in support of value-based contracting, device performance payments, b2b trading, time-release, draw down, etc.

Self-sovereign data curation and processing activity monetization.

Network Condition and Token Economics

The HCXP token
The token which is used on the HCX PAY blockchain is called HCXP. HCXP is a usage or utility token. The transaction from one HCXP account to other lasts only a few seconds. It is an intrinsic token because, like Bitcoin, it is used to write to the blockchain by paying transaction fees. The transaction fee depends on the number of inputs, outputs, and the Ring size. Due to the “Ring signature technology,” the transaction fees are much lower compared to Bitcoin’s.

HCX PAY network attributes
  • Consensus: Proof-of-work (POW)
  • Hash Algorithm: CryptoNight
  • Block creation time: 60 seconds
  • Circulating Supply: 500 Million HCXP
  • Total Supply: 2 Billion HCXP
Supply allocation

The HCX PAY Mainnet launched on November 9, 2018. The circulating supply is allocated as follows:
  • Founders/Team: 125,000,000
  • Advisors/Vendors: 50,000,000
  • Future Airdrop: 175,000,000
  • Future Sale: 125,000,000
  • Company Reserve: 25,000,000
Roadmap

The HCX PAY product development roadmap begins with the development and integration of the foundational technology (ledger, privacy, data mesh, and contracts) in support of the development of ecosystem applications including provider and service discovery, virtual underwriting, data control, virtual delivery, tokenized health contract, and medical cost sharing.


OUR TEAM






To get more relevant details from the HCX PAY. project or join social media and sales crowds, please follow some sources for the following references:



Author

Username: samuraijin
ETH Address: 0x3f9bb3679f1B71F22d823992078244C87EF4D455
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