Whitepaper. A solution to the global nursing shortage of epic and crisis proportions. nursetoken.io ver 1.0. NurseToken Whitepaper, ver 1.

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1 Whitepaper A solution to the global nursing shortage of epic and crisis proportions nursetoken.io ver 1.0 NurseToken Whitepaper, ver 1.0 1

2 NurseToken is a 21st century solution to a persistent yet growing 20th century problem: a global nursing shortage of epic and crisis proportions. We address in this whitepaper the general healthcare supply and demand of human resources as we transition globally towards ubiquitous shared-economy scenarios with a more prevalent real-time allocation or matching of supply vs. demand. Currently a large majority of the business processes pertaining to the onboarding or registration of nurses is largely manual or consisting of a collection of mixed manual and automated processes, the healthcare industry is faced with a challenge of moving data across disparate, isolated silos and the related burdens of security, privacy, legal, compliance, locality, and in many cases the lack of automation, which introduces the potential for human errors or bias. NurseToken will power a credentialing, incentive, and payment ecosystem that overcomes the problems of recognizing national and state credentials, cross-border payments, misaligned incentives, data accessibility, and payment risk. In doing so, NurseToken will align healthcare needs with available healthcare resources around the globe. Participating nurses will gain increased control over their schedules and enhanced reliability in providing their services to the numerous member facilities throughout the world. Many different nursing verticals will benefit from NurseToken s capabilities: Global Nurse Agencies, Hospitals, Clinics, and Home Health Care Businesses, among others (combined $344B annual market worldwide). These capabilities will support NurseToken s mission to combat the global nursing shortage crisis by making it easier for nurses to get hired by the hospitals and clinics who need them most. NurseToken Whitepaper, ver 1.0 2

3 Disclaimer Please read this disclaimer section carefully. If you are in any doubt as to the action you should take, you should consult your legal, financial, tax, or other professional advisor(s). The information set forth below is not exhaustive and does not imply any elements of a contractual relationship. While we make every effort to ensure that the material in this whitepaper is accurate and up to date, as relates to products, services, technical architecture, token distribution, company timelines, etc. - such material is subject to change without notice and in no way constitutes a binding agreement or the provision of professional or investment advice. NurseToken does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, or completeness of any material contained in this whitepaper. Potential NurseToken holders should seek appropriate independent professional advice prior to relying on, or entering into, any commitment or transaction based on any and all material published in this whitepaper. All material provided in this whitepaper is published for reference purposes alone. NurseToken is a utility token, not a security, and the offering and sale of NurseToken is not intended to constitute an offering of securities in any jurisdiction. This whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. NurseToken does not provide any opinion or any advice to purchase, sell or otherwise transact with NurseToken and the content of this whitepaper shall not form the basis of, nor be relied upon in connection with, any contract or investment decision. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of NurseToken and no cryptocurrency or other form of payment is to be accepted on the basis of this whitepaper. Any agreement between the distributor of the tokens and the purchaser in relation to any sale and purchase of NurseTokens is to be governed by a separate document setting out the terms and conditions of such agreement. In the event of any inconsistencies between any agreements entered into by NurseToken and any purchaser of NurseToken and this whitepaper, the former shall prevail. The NurseToken NUR token sale is not open to citizens or residents of the United States, China, Singapore, Cayman Islands, or South Korea. NurseToken Whitepaper, ver 1.0 3

4 Introduction The healthcare market comprises one fourth of the global economy. Healthcare workers now make up the largest workforce in the world. While nurses are already more than half of this global workforce, there still are not enough nurses to support the growing healthcare sector of which they are the backbone. Today, eight of the world s twelve largest economies have a serious nurse shortage; Japan and the US have only about a third of the nurses they need, Russia has just half, and the UK has less than a fifth. Estimates from the World Health Organization show the needs-based shortage of health-care workers globally is expected to top 17.4 million in 2018, of which more than 9 million are nurses and midwives. The largest needs-based shortages are in parts of Southeast Asia and Africa. If current trends continue, the shortage of health-care workers is projected to exceed 14 million in As a result of this global shortage, over 20% of all nurses globally, and upwards of 85% of nurses in certain countries, travel outside of their native country to work. For example, 12,000 nurses from the Philippines went overseas in 2010 and of that number, 70% went to Saudi Arabia. Staffing Industry Analysts told Reuters that healthcare organizations paid $4.8 billion for travel nurses in NurseToken Whitepaper, ver 1.0 4

5 Global Nursing Problems A recent Reuters analysis 2 finds that hospitals in the US pay billions of dollars per year to recruit and retain nurses but that 66% of all hospitals still have staff shortages. This shortage persists despite offering higher salaries, signing bonuses and even repaying student loans. It is not unusual for hospitals to spend $2 million per year on agency nurses, with some larger institutions spending over $1 million a month with staffing agencies. The problem is only going to get worse. With many Baby Boomer nurses set to retire and an aging population that will need more healthcare services, the United States Bureau of Labor Statistics projects that there will be more than a million openings for registered nurses in the US by The rising geriatric population has increased the demand for healthcare services around the globe, exacerbating the shortage of competent nurses and other healthcare professionals. In response to the pressure of insufficient numbers of skilled nurses and related costs, hospitals cannot maintain adequate staffing levels and have implemented policies to try to ensure that nurses are available for work when the workload tends to be heaviest. The staffing industry has prospered in this environment by providing staff at times of higher demand or emergencies. 2 NurseToken Whitepaper, ver 1.0 5

6 Critical factors contributing to the nursing shortage include: Difficulty in Credentialing. At present a nurse s credentialing details are not owned or controlled by the nurse. The nurse must work to assemble a credentialing packet every time she goes to work for a new institution, and the resulting materials are owned by that institution. A nurse cannot take their credentials that were previously certified by a given hospital or clinic with them. Nor can health care facilities access or benefit from the highly duplicative efforts undertaken by other similar employers. As a result, many available nursing resources are inaccessible to healthcare institutions with acute and time-sensitive needs. Credentialing processes include mounds of paperwork, in addition to re-taking tests, and checking references. Placing these verifications and tests on the blockchain ensures immutability and portability, while decreasing the need for repeating a trusted transaction. Declining workforce. Nursing is a very challenging profession and fewer qualified candidates are pursuing careers in the field. In response to cost pressures, hospitals have been forced to reduce staffing and have implemented mandatory overtime policies to ensure that RNs will be available to work when the number of patients admitted increased unexpectedly. Heavy workloads are a factor affecting the decision to enter or remain in the nursing profession. In addition, a substantial segment of the nursing population is nearing retirement age. According to a 2013 survey conducted by the National Council of State Boards of Nursing and The Forum of State Nursing Workforce Centers, 55 percent of the RN workforce in the US is age 50 or older. Also, the Health Resources and Services Administration projects that more than one million registered nurses will reach retirement age within the next 10 to 15 years. Greater incentives are needed to encourage bright, talented, and caring individuals to enter this field of vital consequence. Misalignment of available resources. Travel nursing volumes have nearly doubled over three years to $4.8 billion in 2017, according to Staffing Industry Analysts, a global advisor on workforce issues. Yet, there significant shortages still remain in many areas. And while some nations have nursing personnel that is willing and able to travel to meet these needs, the cost of traveling, meeting credentialing requirements, and moving currency back to the nation of origin combine to leave substantial available resources stranded. A credentialing, incentive, and payment system that addresses these obstacles is critical to allowing supply to meet demand. NurseToken Whitepaper, ver 1.0 6

7 The NurseToken Solution It is NurseToken s vision to solve a number of critical security, privacy and data-ownership challenges with blockchain technology. We intend to create an ecosystem that facilitates the efficient matching of healthcare skilled resources with medical care facilities in desperate need. The overall blockchain functionality can be split in two large categories of use-cases, one pertaining to credentialing and one to the operative aspects related to incentives, payments, and other cryptocurrency transactions. NurseToken is a decentralized global nurse staffing utility built on blockchain. NurseToken allows hospitals to greatly reduce the cost and hassle of dealing with the administrative overhead and paperwork typically associated with staffing agencies. Increased staffing efficiency and utilization, powered in part by NurseToken, will have a massive impact on quality of care and increase the roster of nurses available to participating institutions. Patient engagement, driven by nurses who are not over-extended and can provide more time and attention to each patient, translates to better outcomes and reduces overall care costs. Portable credentials and better, more accessible incentives are an integral part of this shift. Using blockchain is the perfect solution to an array of problems faced by nurses and hospitals today. It affords both parties to a transaction a decentralized ecosystem on which to access an essential breakthrough in the antiquated existing regime. Nurses want a portable credentialing system, a loyalty-rewards program, and a better way of being paid for their work. Hospitals want to make sure that nurses have verified credentials, can come to work without undue delay, and are properly motivated to provide high-quality, consistent care over time. In a generic sense we view smart contracts as the vehicle that controls all interactions within the ecosystem. We envision creating a smart contract as a governing workflow service that supervises all transactions within the NurseToken ecosystem. Acting as a listener that watches NurseToken Whitepaper, ver 1.0 7

8 over all transactions arriving into the NurseToken blockchain and upon processing any certain transaction, such as an onboarding and credentialing of a nurse, it would know what actions are to be triggered that pertain to a given transaction and its state. Similarly, for any transaction that handles the movement of cryptocurrency or payments a different smart contract would be identified for such transactions governing the right set of actions to be taken in such case. The extra-mile that we go with our system by contrast to other smart contract platforms is that each action associated with a smart contract is a microservice and a set of rules enabling a much more powerful integration vehicle as actions would not be limited to a proprietary smart contract language but open up to the whole world of integration tools, and fostering a more rapid expansion of the ecosystem. The core elements of NurseToken are as follows: Blockchain Credentialing of Nurses NurseToken makes it possible for a nurse to carry their own portable credentialing passport. Once a nurse has their credentials in a blockchain wallet, those credentials can move freely through participating facilities in the healthcare system. This increased mobility makes it possible for hospitals and clinics to retain nurses much more easily and in a more flexible manner. For example, if there is an oversupply of nurses in one market, a hospital in a nurseconstricted market can hire them immediately without waiting the two to three months it takes in some circumstances to re-credential nurses. The decentralized nature of blockchain technology makes this revolutionary shift possible. The price of trust is expensive. With blockchain technology, the steps in the verification process can be greatly reduced and the need for repeating expensive tests such as background checks, urine drug tests, workplace and license verifications, and health screens, is greatly reduced or eliminated, saving time and money for hospitals and nurses. Nurses can start caring for patients instantly! NurseToken Whitepaper, ver 1.0 8

9 Quality control is difficult. By implementing a trusted reviews system powered by blockchain technology, a hospital can ensure that the rating a nurse receives has not been tampered with and is a true measure of their ability. A nurse s rating can then be tied to their credentialing wallet, making hospital hiring decisions exponentially quicker to execute. Blockchain Application #1: Universalize Nurse-Hospital Credentialing Putting the ownership of nurse profiles in their own hands and having the ability to securely manage, share, and enable privacy levels of profiles and all associated transactions made visible only to the rightful owner or delegated role according to the agreed upon smart contract is a foundational aspect of our blockchain platform. Further, our system will ensure both profile information as well as any transactions related to a profile comply with privacy and data-protection laws by utilizing core blockchain functionalities of encrypting and decrypting all messages with appropriate ecosystem participants private and public keys. All processes part of the credentialing blockchain will be governed by a smart contract we will design with sufficient intelligence to understand all types of transactions arriving in the blockchain that pertain to credentialing. For example, all business processes surrounding the onboarding of a nurse with the ecosystem will be part of the credentialing blockchain. As described in the following paragraphs, our credentialing process will manage the different types of transactions, messages, and documents, such as annual health checks, annual physical checks, medical tests and examinations, digital IDs, and other information that is part of each nurse s credentialing packet. The entirety of this information will be securely transmitted into the profile of a nurse and encrypted in flight and at rest using the public and private key of the owner. Those assets can only be viewed or decrypted by appropriate identities or roles that have delegated rights as specified by the smart contract governing that particular type of transaction. Going further than other approaches for verifying credentials using blockchain technologies, we envision that there will be multiple parties that have a role in the issuing of credentials. Similar to the way a university is responsible for issuing a diploma or a grade, and the credential holder typically has only the right to accept that credential, there may be certain types of credentials issued by third parties that enhance the trust participating facilities will place in our system. NurseToken Whitepaper, ver 1.0 9

10 A sample process is as follows: 1. Third party credential-issuer issues a credential 2. The credential-issuer s key pairs are recorded in appropriate role with the credential 3. This credential is sha-256 encrypted with a secret 4. The credential-issuer s secret is encrypted using credential-issuer public-key 5. The credential-issuer s encrypted secret is recorded with the credential 6. The credential-holder accepts the credential 7. The credential-holder s key pairs are recorded in appropriate role with the credential 8. The credential-holder s secret is encrypted using credential-issuer public-key 9. A credential-viewer accesses a credential 10. Either the credential-issuer or holder encrypts a secret for the credential-viewer using the credential-viewer s public key (this process may be replaced by certificates or own its own lease mechanism) 11. The credential-viewer decrypts its own secret and subsequently uses the secret to decrypt the credential 12. Alternatively, instead of viewing the credential, NurseToken may simply validate it for the credential-viewer, which in turn indicates positive or negative credential content. The above process captures actions that are part of the credentialing smart contract, however it should be arbitrarily flexible, configurable, and different for each type of credential. It is yet to be determined if we create a smart contract per credential type or a comprehensive single one for all types of credentials. In the above smart contract workflow, a credential can be any of the materials that make up a nurse s credentialing packet. Our smart contract platform will be flexible, configurable, rules-driven, and consisting of microservices, thus it will be able to manage any variation of the above steps, including having multi-party smart contracts. For example, assume there are three entities that issue, holder-approve, and issuer-approve a given credential. Think of a process where the holder may have an input or change in the content of the credential, be it a reference, be it a contractual information, or otherwise. In such a process, there may be an entity that first issues a draft credential, followed by possible change or an intermediate approval by the holder (i.e. the individual that the credential is issued for) and then finally be approved by an authority as a final credential. All the above-mentioned steps would become part of a smart contract. Each step would reference a transaction followed by an appropriate action as specified by the commonly agreed-upon smart contract. NurseToken Whitepaper, ver

11 A possible flow for such a contract may largely diverge from the previous, more typical credential issuing workflow as outlined below: 1. The credential-issuer issues a draft credential 2. The credential-issuer s key pairs are recorded in appropriate role with the credential 3. The credential is sha-256 encrypted with a secret 4. The credential-issuer s secret is encrypted using credential-issuer s public-key 5. The credential-issuer s encrypted secret is recorded with the credential 6. EITHER the credential-holder accepts the credential 7. OR alternatively, the credential-holder changes something in the credential, at which point it can bounce back to 1. or to 8. depending who is entitled as a role to approve changes. Once step 6. is performed (and not 7.) then 8. The credential-holder s key pairs are recorded in appropriate role with the credential 9. The credential-holder s secret is encrypted using credential-issuer s public-key 10. The credential-approver approves the final credential 11. The credential-approver s key pairs are recorded in appropriate role with the credential 12. The credential-approver is sha-256 encrypted with a secret 13. The credential-approver s secret is encrypted using credential-approver s public-key 14. The credential-approver s encrypted secret is recorded with the credential 15. The credential-viewer views a credential 16. The credential-issuer, -approver, or -holder encrypt a secret for the credential-viewer using the credential-viewer s public key (this process may be replaced by certificates or own its own lease mechanism) 17. The credential-viewer can decrypt its own secret and subsequently use the secret to decrypt the credential 18. Alternatively, instead of viewing the credential NurseToken may simply validate it for the credential-viewer, which in turn indicates positive or negative credential content. As it should be obvious, the second smart contract workflow is very different and yet easily configurable on the smart contract platform by employing a very flexible itinerary and inference microservice that prescribes the actions (and implicitly the microservices) that are triggered upon each interaction of an ecosystem participant with the blockchain. NurseToken Whitepaper, ver

12 In summary, NurseToken empower nurses to engage in a rigorous credentialing process that satisfies the unique but often similar requirements of each health care facility. These credentials will be stored in a blockchain wallet for each nurse in a secure, yet accessible manner. Hospital in need would then approve nurses by using a key to their credentials, which will populate the vast majority of each facility s requirements and speed the way for nurse approval and retention. No more months-long process per hospital. Now, qualified nurses get credentialed quickly and efficiently, and can work at any participating facility, at any time. Verifying parties will be compensated with NurseToken for their participation in the blockchain solution. By building on a public and private blockchain, the NurseToken verification process is maintained in a secure, controlled environment as well. NurseToken Whitepaper, ver

13 Use of NurseToken to Incentivize Nurses Nursing is a very challenging profession, and as a result a market opportunity exists to create an incentive model that drives performance and loyalty incentives. NurseToken will facilitate a global community of nurses who are mobile and flexible, by building out an ecosystem of incentives, loyalty, and engagement. Through this process, health care institutions will have the ability to compensate and incentivize nurses by awarding NurseToken for meeting certain thresholds. The unique aspect of this capability is that an institution may offer loyalty tokens to nurses when nurses meet certain performance metrics or where shortages drive the need for additional incentives. Contract nurses are not generally eligible to participate in equity or other incentive programs at the institutions where they provide their services because they are contractors or the facility is a non-profit. NurseToken provides a missing piece of the incentive structure that will allow nurses to have a stake in building a track record of performance at hospitals where they work and these facilities will use NurseToken as incentive compensation when certain metrics are met. Blockchain Application #2: Incentive and Rewards System As hospitals sign up to participate in our credentialing process, they will be automatically included in our incentive and review system. Health care facilities will then be able to implement the NurseToken blockchain to quickly provide both short- and long-term incentives to nurses. An example of how the incentive and review process will work is as follows: + + A nurse completes a shift at a given hospital and receives rave reviews from patients and other hospital staff. + + That hospital wants to encourage the nurse to come back. + + The hospital simply sends the nurse a reward in NurseToken, delivered straight to the same blockchain wallet she stores their credentials in or creates a smart contract whereby the nurse will automatically earn NurseToken upon completing a required number of shifts or obtaining sufficient positive reviews. + + Reviewers can also be rewarded with NurseToken upon completion of a review of a nurse, encouraging the verification of a nurse s ability to do his or her job. NurseToken Whitepaper, ver

14 Payments Stable Currency for International Nurse Travelers NurseToken will provide nurses working internationally access to seamless currency conversion and significantly reduce or even eliminate forex spreads and fees. Many nurses work abroad and send substantial portions of their earnings back to family in their home country. By electing to accept some portion of their earnings in NurseToken and implementing a NurseToken wallet, nurses on our platform will avoid or reduce exchange rate fluctuations, security concerns, and high remittance fees that often negatively impact international currency transfers. NurseToken s blockchain payment solution will provide instant transfer capabilities at very low or no cost to nurses and provide an added element of security, speed, and freedom from fees that will empower nurses to retain more of their hard-earned compensation. The NurseToken vision is to create a single point of access for both hospitals and nurses that transcends national boundaries; providing credentialing data, reliable ratings, built-in compliance with regulatory and security protocols, and reduction of payment friction from the global health care system. NurseToken s technology is designed to provide value to hospitals and nurses, and by increasing their care efficacy, to society as a whole. Blockchain Application #3: Payments System Nurses can be paid instantly using their wallet and smart contracts to avoid costly fees. Nurses working internationally will be able to use the NurseToken utility to transport funds to family and friends in their home country or to move earnings back onshore when not needed abroad. In order to maximize ecosystem growth, NurseToken will build some functionality on the blockchain and other functionality off the blockchain. NurseToken will use blockchain for the exchange of value or any functionality that is consent driven. Any application business logic features such as storing application data will either be done on the device for mobile applications or in the cloud. Any data analytics for both mobile applications as well as the enterprise will be done in the cloud on NurseToken existing cloud framework. NurseToken Whitepaper, ver

15 NurseToken Diagram Access Payments Identity License Verification Past Employer Verification PUBLIC BLOCKCHAIN APPLICATIONS Loyalty Malpractice Verification Security Portability & Ease Personal Reference Verification Background Check Global Applications PRIVATE Loyalty Credits HIPAA Compliance Immunization Education Verification Urine Drug Test Physical Health Check NurseToken Whitepaper, ver

16 NurseToken Contract Implementation An initial genesis block will be de-facto created representing the total value of coins available in the ecosystem. Based on certain predefined allocations, a certain amount of those coins will be reserved in the ecosystem for specific activities that ensure the proper functionality of the blockchain ecosystem. Above and beyond those reserved coins, the rest of them will be used in the overall exchange of value for rendered services. All the aspects, including the system-reserved coins allocations will be managed by several types of smart contracts, defined, negotiated, and agreed-upon by the ecosystem participants relevant to each specifics of a smart contract. In the use-case of an investor acquiring in the pre-marketing phase of the blockchain a given number of coins for an amount of non-digital currency, those terms will be between NurseToken and that particular investor. Once the investor delivers the established amount of non-digital currency, that transaction will also be recorded on the blockchain, and by being associated with a smart contract of the initial coin offering, the smart contract is identified and validated, and certain actions (i.e. microservices) will be triggered that perform the cryptocurrency transfer from the ecosystem into the digital wallet of the investor. NurseToken Whitepaper, ver

17 NurseToken is based on the ERC-20 standard and will implement the following methods: + + Total Supply: This method will return the total amount of NurseTokens created and issued. The total supply of tokens will be specified when the smart contract is deployed to the ETH blockchain. After the ICO, this value cannot change and will live inside the storage of the smart contract. + + Name: This method will return the name of the token. In our case, the name will be a string with the value NurseToken. This value lives in the blockchain as an immutable value of the smart contract. + + Symbol: This method will return the symbol of the token. For the NurseToken platform, the value will be NUR. This value resides in the blockchain as an immutable value of the smart contract. + + Decimals: This method will return the amount of decimals that the NUR token will support. To adhere to other token standards, the NUR token will be divisible by up to 8 decimals. This value resides as an immutable value on the blockchain for the smart contract. + + Balance: This method will return the amount of NUR tokens at a specific public key address. The balance value will be as it is stored in the smart contract s storage. We will need to divide this value by , because of the decimals attribute on this smart contract. The balance of each public key address will be stored on the smart contract in the blockchain. The balance can only be modified in one of 2 ways: + + During the ICO, Nurse Tokens will be minted when exchanging ETH and other cryptocurrencies for NUR. + + During an authorized transfer from a sender address to a buyer address. In the context of the NurseToken loyalty program, the buyer would be the Nurse user in the NurseToken platform. The sender would be the hospital user in the NurseToken platform. At the time of deploying the smart contract to the ETH blockchain, the presale and reserved tokens will be added to the owner account of the smart contract. These tokens will be distributed later to the presale buyers manually using a wallet. NurseToken Whitepaper, ver

18 + + Transfer: The transfer method enables the transferring of funds from one public key address to another. In order to transfer funds, the owner of the address must sign the transaction by using a supported wallet. The NurseToken platform will facilitate these transfers between hospitals and nurses. By implementing the ERC-20 standard correctly, we will be able to achieve listings of the NUR token on an various cryptocurrency exchanges that support ERC-20 registered assets. To enable the NUR token to be distributed as a loyalty mechanism, we will bridge the communication from the NurseToken platform to the ETH blockchain with a middleware component. This component will act as a virtual blockchain node. This component will communicate directly with the blockchain making use of the ETH seed nodes. This component will also expose the NurseToken wallets and transactions to the remainder of the NurseToken platform as REST web services. This component may run its own encrypted database and business logic, which will serve as a cache of the ETH blockchain. The cache would dramatically improve read performance from the blockchain. In the future, we reserve the right to transform the NurseToken platform off of Ethereum should another blockchain platform mature. In this situation, the NurseToken would be split into two equal parts - one that runs on Ethereum and one that runs on an alternative blockchain s currency. Using atomic swaps, an in-progress technology that allows cryptocurrencies to be traded across blockchains, the company would lock up a NurseTokens on the alternative blockchain s half when its ERC-20 (the Ethereum standard for crypto tokens) half leaves the app, and vice versa. NurseToken Whitepaper, ver

19 NurseToken Structural Overview Initial Supply 1-year lockup period for reserve tokens Total # of NUR Total from ICO + + $0.16 each M issued + + $17,558,330 estimated raised Use of Proceeds Assuming the hard cap will be reached, proceeds from the token sale will be distributed as follows: Blockchain and platform development: 45% Marketing, business development and nurse community development: 30% Operations, executive team and advisors: 20% Legal and accounting: 5% NurseToken Distribution 50% Crowdsale with funds allocated to the company 25% Reserved for ecosystem and platform participants 20% Reserved for management & executive team 5% Reserved for early contributors NurseToken Whitepaper, ver

20 Token Sale Timeline MARCH 12 OCTOBER Announcement + + Crowdsale End JULY Whitepaper Release + + Public Pre-Sale Start + + Token Distribution APRIL 16 AUGUST 1 NOVEMBER Private Pre-Sale Start + + Crowdsale Start + + Targeted Exchange Trading + + Token Sale Period: August 1, October 31, Accepted Form of Payment in Pre-Sales: ETH, BTC & NEO + + Accepted Form of Payment in Token Sale: ETH + + NUR/ETH Exchange Rate: 5,116 NUR: 1 ETH (as of 5/5/2018) + + Target Raise Amount (US$): $17,558, Target Raise Amount (ETH): 21,450 (as of 5/5/2018) NurseToken Whitepaper, ver

21 NurseToken Platform Development Roadmap JULY Blockchain Nurse Credentialing MVP De-centralized Nurse Credentials Scope, research, and blockchain dev for the NurseToken credentialing application to de-centralize nurse credentialing. Release a nurse credentialing beta that collects data for the nurses, stores their digital identity, and can encrypt / decrypt data based on a private key Nurse Loyalty & Incentives + + Credential Coin Will Be Released Fork the NurseToken solution to open up credentialing to other sectors, such as doctors, police, teachers, and more. All holders of NurseToken will be then be rewarded with Credential Coin as an airdrop AND BEYOND Scope, research, and blockchain dev for the use of NurseToken as an incentive or bonus with which hospitals can reward nurses De-centralized, Borderless Payments Scope, research, and blockchain dev for NurseToken to become a de-centralized, borderless payment option for nurses. The roadmap above may, and likely will, change, especially as market conditions fluctuate and the competitive landscape shifts, along with user demand changes. The roadmap is intended as an outline for how NurseToken intends to continue extending and expanding the platform to solve the pain points in the global nursing market. NurseToken Whitepaper, ver

22 Crowdsale Details Offering Details: Soft Cap, Hard Cap, Token Pricing & Relevant Dates + + Soft Cap: Equivalent of $2M USD. If less than $2 million USD has been raised by the end of ICO, then all funds will be returned back to the participants minus the transaction cost within a reasonable time from the ICO end date. + + Hard Cap: Equivalent of $17,558,330 USD + + Private Pre-Sale Start: April 16, Public Pre-Sale Start: July 1, Crowdsale/ICO Dates: August 1, October 31, Total Supply: 150 million NurseToken are distributed to the token sale + + Minimum Token Buy: 0.5 ETH The NurseToken crowdsale begins on August 1, 2018, at 12:00 AM EST and will continue until it reaches the hard cap of $17,558,330 USD or until October 31, 2018, at 11:59 PM EST. Anticipated Trading Options + + Private Pre-Sale: 60M NUR issued at 50% bonus + + Public Pre-Sale: 27M NUR issued at 40% bonus + + ICO: 63M NUR issued with the following bonus structure: + + Month 1: 30% bonus + + Month 2: 25% bonus + + Month 3: 20% bonus NurseToken Whitepaper, ver

23 Anticipated Distribution Cases As has been outlined throughout this paper NurseToken will be distributed in a variety of ways, including: + + as payment for accessing a nurse s credentials in her or his crypto wallet; + + as incentives to nurses to enforce retention, in turn building platform loyalty; + + as a means of payment to nurses, particularly cross-border nurses; + + as a means for incentivizing health care facilities to participate in our credentialing and compensation platform; and + + as a means to encourage involvement in the verification process. Blockchain Healthcare Alliance To help promote blockchain within the healthcare industry, NurseToken has formed an alliance with other blockchain and healthcare influencers, companies, and founders to speed adopt. And as a part of our commitment to making sure that blockchain has worldwide adoption within the healthcare industry, we will provide up to $1m in funding to several blockchain healthcare solutions that we believe will help disrupt the healthcare industry and ultimately save more lives. NurseToken Whitepaper, ver

24 Team Core Team Cherie Kloss Cherie Kloss is the founder and CEO of SnapNurse. Kloss is an entrepreneur at heart with a career-long dedication for bringing joy to people by providing quality patient care as a nurse and anesthetist for over 18 years and creating dozens of popular cable TV series as a leading TV executive producer for 10 years. Her unique background and mix of experience enables her to have a comprehensive understanding of the difficulties that the healthcare industry and nurses face, while simultaneously leveraging her relationships in the entertainment industry to deliver impactful brand awareness to the company name. Kloss spearheads all growth, marketing and partnership initiatives for SnapNurse and works closely with her executive team to secure premier facility-partners such as USPI (150 surgical centers nationwide) and connects them to the top pre-credentialed nurses in the area. Currently, Kloss is focused on connecting as many professionals as possible with healthcare organizations in need and hopes to help solve the critical nursing shortage worldwide by developing a global digital authorization passport and payment system for participating practitioners. She created NurseToken (nursetoken.io) in 2018 to build a blockchain credentialing system that could ease the arduous process of vetting and approvals. SnapNurse will be the first company to utilize this revolutionary concept. NurseToken Whitepaper, ver

25 Core Team Josef Jonas Josef Jonas is a 3x Founder & 4x CTO that has managed large tech teams at IBM, JP Morgan, and Norvatis, and is a pioneer in the blockchain space. As a child, Josef traveled the world as a competitive math champion, coming in 3rd place in the international math Olympics. At Novartis, Josef was in charge of 600 engineers across the globe. As Co-Founder & CTO of Solique, he was in charge of 10k+ partners. As the CTO of FusionSeven, Josef lead their technical team to create a data platform that managed and reconciled payments in the ad industry using blockchain based reconciliation. In 2014, Josef founded Xeru, a company focused on blockchain solutions. As the Founder of Xeru, he has developed two major platforms for blockchain; one that creates a middleware solution that speeds up transactions with blockchain nodes; another that creates a smart contract middleware layer that accepts JSON and has full interoperability with several cryptocurrencies. Josh Clayton Josh Clayton is an experienced corporate finance lawyer and entrepreneur who has worked with a number of early-stage companies across a broad variety of industries. Josh has over 10 years of experience in corporate and securities law matters, and has represented issuers, investors, and financial institutions in numerous capital raising transactions. As a partner with Clayton, McKay & Bailey, he has led a wide variety of transactions, including recapitalizations and restructurings, secondary offerings, venture capital and seed financings, and strategic investments. He has also represented parties in a broad spectrum of mergers and acquisitions in domestic and international markets and has managed local counsel and coordinated closings in a number of countries, including Australia, China, Argentina, Israel, Norway, and Russia. For much of the last year, Josh has been involved in a number of blockchain and cryptocurrency transactions, assisting a variety of companies in the design and implementation of legal and business strategies. NurseToken Whitepaper, ver

26 Advisors Shane Hvizdzak + + 3x tech founder & in charge of the tech arm of a multi-billion dollar hedge fund. + + Founder of CureFaster, a $100m+ / year business with relationships with the 2 largest cancer facilities in the world. + + Funded online learning opportunities & hospital operations for nurses in Vietnam & Belize, developing deep connections with foreign nursing groups. + + Founder of Helpified, an online learning management system, used by US Navy & the Department of Defense. Todd Elsberg + + Co-Founder and Managing Partner of 37North Capital with notable, high-growth tech investments such as Lyft & Palantir. + + Chief Operating Officer of RocketSpace, a leading technology campus that included over 150 corporations from around the world and 15 alumni with valuations over $1B including Uber, Spotify, and Kabam. + + Ran the post M&A team at Deutsche Post DHL to support the company s growth from $1.1 billion to $5.7 billion in revenue including 5 acquisitions. + + Ran strategic business operations at Equinix and helped the company grow to $1.2 billion in revenue including multiple acquisitions in the US, Asia Pacific and Europe. NurseToken Whitepaper, ver

27 Advisors Anitha Vadavatha + + Former Director of India China America Institute. + + Founder of Misu Labs. + + Global strategist, innovation and partnerships architect. + + Speaker on many blockchain panels. + + Wrote a research publication on the differences between NEO and Ethereum. + + Named Top Ten Frontier Women in Blockchain by Fifth Element group, in partnership with the UN, Thomson Reuters, and Morning Star. Edwin Marcial + + Founding CTO of Intercontinental Exchange (ICE), the largest financial markets operator in the world currently valued over 40B and parent company of the New York Stock Exchange (NYSE). + + #1 on the Trading Technology top 40 Executives on Wall Street in Managed & guide the vision of a technical team of 350+ employees. + + Advisor and investor in several early stage companies including Ionic Security, SwatchPop and Rigor.com. + + Teaches disadvantaged young adults how to code at the non-profit Year Up. NurseToken Whitepaper, ver

28 Advisors Eric Carlson + + Online marketer responsible for 3 of the fastest-growing brands in their spaces (Hunt a Killer, Bombtech Golf, Jin+Ja). + + Founder of 10x Factory, a Slack (chat app) community with over entrepreneurs and growing. + + Has managed over $100m+ in advertising, generating ROI on budgets as large as $4m/mo via internet, radio, & TV. William Derrick Lea + + North American Director of Islamic Relief USA, a worldwide non-profit that serves disaster areas in over 37 countries. + + Through his work, Derrick has deep connections to Red Cross & FEMA, regularly plans with them in regards to global mobilization. + + IR raises over $250M from the U.S. alone for international relief. Sean Pae + + Founder of Zoon App, a biotech initiative helping men take control of their fertility. + + Manages private investment funds with blockchain assets. + + Serial entrepreneur & embryologist specializing in biotech, cryptocurrency, and e-commerce. NurseToken Whitepaper, ver

29 Advisors Alex Cho + + Senior advisor at NGO Exchange + + Senior Analyst with Strategic Coin + + Background in finance/wall Street and conducts financial research and due diligence for cryptocurrency and tokens + + Ranked #7 most reputable financial bloggers according to TipRanks, a company that ranks financial analysts NurseToken Whitepaper, ver

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