Coinsilium Group, the blockchain venture builder, advisor and investor that finances and manages the development of early-stage blockchain technology companies, has been appointed by Elevate Health (‘Elevate’) to provide advisory services in relation to its proposed Token Generation Event (‘TGE’).
Elevate Health is developing a platform focused on the behavioural health space, aiming to facilitate a number of cost-reducing reward solutions for healthcare providers, insurers, health authorities, families and employers through a range of technological innovations including mobile apps, wearable devices, smart contracts and reward tokens.
The co-founders of Elevate include Simon Lewis, Sid Bouziane and Alastair Mordey, the team behind The Cabin Addiction Services Group founded in Thailand in 2009, which grew to become the largest addiction and behavioural healthcare group in Asia, before increasing its presence globally. In 2017, The Cabin Group had revenues of over US$9 million and was sold to a private equity investment group for a valuation of US$40 million.
Simon Lewis co-founder of Elevate Health commented; “Elevate Health marries blockchain technology with cutting edge behavioral healthcare best practices. These issues are currently very topical which puts Elevate at the vanguard of providing solutions for intransigent health issues. We are very much looking forward to working with Coinsilium who share our enthusiasm and vision and we are confident that Coinsilium, with their high industry profile and reputation, will provide invaluable support as we build our business.”
The team aims to tackle some of the world’s most pressing health problems such as obesity and smoking which were reported to have a combined cost to the global economy of US$2 trillion in 2016.The use of blockchain coupled with other cutting-edge technologies such as artificial intelligence, form the building blocks of a remotely managed and global incentive platform for health improvement.
Coinsilium CEO Eddy Travia commented; “We have seen several blockchain projects looking to address healthcare related issues, however Elevate’s original approach of tackling health threats and improving lifestyle and health standards on a global scale, combined with the teams highly successful track record, is a clear differentiator for us. We also see significant opportunities for enterprise-level stakeholders, such as insurance companies and healthcare service providers, to enhance their offering by joining the Elevate platform, and we look forward to working closely with this talented team to help them achieve their goals.”
