SRCOIN- Subscription Revenue Business on BlockChain Technology

Hey guys! This week, i will like to present a comprehensive review of SRCOIN a decentralized health information platform using Blockchain Technology on a Subscription Business Model.

a. Abstract
First, what is a Subscription Business model? A Subscription Business model (which is one of the highest value business models on Wall Street) can be describe as payment structure that allows a client or organization to buy or subscribe to a vendor’s services for a particular time frame at a set cost.
b. How it relates to SRCOIN

SRcoin Project and its Initial Coin offering (ICO) have the following as its goal;
1. Procure and “distribute” massage chairs to its clients using a subscription business model.

Connect all the distributed massage chairs to a central network through BlockChain technology & construct a health monitoring platform.
Through this platform, individual health information will be gathered in a time series format on a database, and the data can be used by the client or shared to personal doctors, local drugstores, and research offices as a preventative and diagnostic measure for the clients involved as well as for future development in healthcare analytics and machine learning technology.

c. VALUE PROPOSITION OF SRCOIN PROJECT AND ICO:
First, the company target is the US $2.2 billion Singapore and Malaysian market for massage chairs with a subscription business model, this will act as a foundation to generating stable and long-term cash flow and increasing intrinsic value of SRCOINs.

➢ Over next 6 years, the expected return on SRCOIN project is ~800%...This is impressive.
➢ SRCOIN's buyback and burn policy will be carried out through smart contracts using BlockChain technology, and over next 6 years, the amount of SRCOINs in circulation will decrease by ~81%
➢ Therefore, increased profitability of the subscription business combined with decreased number of SRCOINs in circulation is expected to enhance SRCOINs intrinsic value by 147times more than its original value. This is awesome
➢ SRCOIN project will utilize and benefit from extensive subscription network established by K Rental, allowing ICO contributors to immediately find real value in SRCOINs and see a robust path to profitability.

Second, through collecting a time series database of personal health information, data analytics and machine learning will be utilize to discover early stage diseases, predict potential health risks, and significantly decrease medical expenses by making the data available for immediate use upon agreement from our customers. Furthermore, with this extensive database, medical institutions will be able to actively search for patients who need check-ups, treatments, or other medical services and provide those services to patients.
The collected time series health data will be secured through BlockChain technology for credibility, reliability, and safety and will be used efficiently to address many prevalent social health problems such as high blood pressure, obesity, and heart diseases etc.in our world today.

d. Real Value of SRCOINs
From the completion of ICO, SRCOINs will be usable in the real world as well. clients will be able to witness SRCOIN’s usage in the reality firsthand.

holders will be able to buy water purifiers, massage chairs, and other appliances from K Rental using SRCOINs .
-SRCOIN’s current 140,000 customers (and those in the future) will have the choice of paying their subscription fees with SRCOINs
-K Rental will issue SRCOINs to its 5,000 workers in value equivalent to their salaries as remuneration, which will present the immediate use case and real value of SRCOINs
-If we starts using SRCOIN in the ways described above, the trade volume and value of SRCOINS will greatly benefit and increase.

e. The Health Platform
Since message chair is a shared device.Hence, with just one message chair, it can collect personal health data of all household members. The company has it in its plan to collaborate with COMTEK in order to develop Wifi and Bluetooth incorporated massage chair that can measure health information such as body temperature, Heart Rate Variability ,Resting Heart Rate, Blood Oxygen Level, Ankle Brachial Index, Weight, Height, Sleep Analysis, Relaxation Data, Body Mass Index, Sleep Apnea Study and blood pressure. Thus, creating a BlockChain based time series database for all members of the household. This is unprecedented in the history of blockchain technology

Clients will be able to effortlessly access their health information as gathered by message chair using either mobile app or sending an email requesting the information.
All health information shared with government and medical institutions will require clients consent, and the clients can choose to consent with the information collection and usage when they enter into subscription contract for message chairs.

f. BENEFITS OF SRCOIN

THE VALUE OF SRCOINS IS SUPPORTED BY UNDERLYING ASSETS:
In order to solve the problem of volatile price fluctuations inherent in cryptocurrencies, SRCOIN was introduced, it differentiates itself from other cryptocurrencies by offering stability in value that others lack. It has the underlying assets of the company as a foundation for providing real value.
It is made such that the accounts receivable from subscription payments that customers pay for the products rented serve as the underlying assets. In a nutshell, the cash flow from subscription contracts for massage chairs, as follows from the contract itself, is guaranteed because the customers are legally responsible for paying the monthly subscription fees for the time period outlined in the contract.

THERE IS SAFETY OF INVESTMENT AND STABILITY :
Upon success of SRCOIN’s ICO, the funds raised from the crowdsale of SRCOINs will be invested in K Rental, an already established company, and its project for starting the massage chair subscription business. Hence, there is fundamentally no risk of business not proceeding, meaning safety of investment and stability is guaranteed.
Through the company's “buyback & burn” policy, it will create a stimulus for SRCOIN’s price to rise by continually keeping up SRCOIN's scarcity. This policy will continue for 6 years, and amid this time, individual holding SRCOINs will experience a helping hand in gaining profits.
For the first 3 years, 20% of the profits that result from the massage chair subscription business will be returned to ICO contributors in the form of Ethereum currency. In this way, ICO contributors will be able to retrieve a significant value of their Ethereum investment without having to sell any SRCOINs.

For the situation that there are future regulations against cryptocurrency, SRCOIN offers its clients an option to exit and exchange their SRCOINs with K Rental’s preferred stock...... This is commendable.

Korea Rental (K Rental)

K Rental, the company which funding from SRCOINs will be invested in, is a Korean-Malaysian corporation with water purifiers as its main product. It recorded sales of US $10 million in 2017. "The company has the third largest share in the subscription business market in Malaysia after Coway and Cuckoo."