Former Fidelity Investments Blockchain Director Launches Private Cryptocurrency and Mining Network
Network to power consumer apps and marketplaces for financial services, insurance, and healthcare products and services.
By: HealthCombix Limited
"Consumers around the globe are seeking to improve their financial and health situations, we are building a privacy based ecosystem to responsibly enable this," says Maaghul, Founder and CEO of HCX PAY, a HealthCombix Limited project.
One of the core challenges for public blockchains today is privacy. Consumers and businesses are reluctant to participate in public networks as transactions are not private and easily monitored. Consumers who believe privacy is a human right do not want their personal financial and health related information exposed to anyone except those who need to know. HCX PAY solves these challenges.
The demand for iron-clad online privacy is growing as digital islands, such as Facebook, Google, insurance companies, health care organizations, and Amazon begin to face public scrutiny over privacy and anti-competitive practices, as their vulnerabilities as silos of personal data are exposed by hackers and transnational actors. "Consumers are weary of how brands, businesses, and government handle their personal data," says Maaghul.
Maaghul began his career building secure, high-volume internet payment platforms in the global digital goods industry in the early 2000s. In addition to successfully building and selling two internet payment companies in the UK and the US, Maaghul engaged in research and advisement in international security market for several years.
"I am fortunate to had a career that spans both the digital and physical transnational security space, a much needed expertise in the cryptocurrency payments arena, " says Maaghul.
The HCX PAY platform combines best of breed privacy, cryptocurrency, and smart contract technology with a growing network of oracles or trusted third-parties to verify and adjudicate payment related claims made against predefined contracts. "Without a network of vetted adjudicators, smart-contract technology will have limited applications across many industries. We believe establishing our network with privacy guarantees and vetted adjudicators will give us a huge competitive advantage," Maaghul says.
The company's main network is live and on-boarding miners. The HCX PAY token symbol is HCXP.
Web site: https://www.hcxpay.io