BioPassport Token
Crypto Overview
Purpose and Utility
BioPassport Token (BIOT) is designed to power a healthcare data management platform that aims to provide secure storage and sharing of medical information, including COVID-19 test results and vaccination records. The token serves as the native currency within the BioPassport ecosystem for paying for services and incentivizing data sharing.
Business Model Assessment
The business model appears to focus on legitimate healthcare data management, which aligns with halal principles as it provides actual utility in healthcare information management. The platform aims to connect healthcare providers, patients, and research institutions in a secure and transparent manner.
Real-World Adoption
Current adoption and usage metrics for BIOT are limited. While the project has announced several partnerships in the healthcare sector, verifiable evidence of widespread implementation is scarce.
Development Activity
The project's development activity appears to be minimal based on public repositories and update frequency. The team maintains some presence on social media but technical updates are infrequent.
Token Distribution
The token distribution information is not readily available in detail, which creates some opacity regarding the concentration of tokens among founders and early investors. However, this lack of transparency does not automatically make the project haram.
Technology and Revenue Model
The platform's core technology focuses on data management and access control, which does not involve any inherently haram activities like interest-bearing mechanisms or gambling. The revenue model is based on legitimate service fees for platform usage.
Crypto Impact
To assign a comfort level investing in BioPassport Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to BioPassport Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.