TrustedHealth

TrustedHealth - A decentralised ecosystem in specialised medicine engineered on blockchain.

About TrustedHealth

TrustedHealth is seeking to become a patient-led and doctor-guided cooperative ecosystem focused on life-threatening diseases. The project’s goal is to source the best methodologies for delivering improved health outcomes for patients, and ensuring that these are accessible to patients all over the world.
Competitors: Proof Work, Mediledger, SimplyVital Health, Robomed Network, Medical Chain
Uniqueness/Advantages to competition: Aims at not only securing personal health-data but also developing a connected medical network to allow medical services to be accessible by more people.

Token Sale Use of Blockchain

Product

3.4
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

TrustedHealth is meant to be a decentralised patient- and doctor-driven cooperative focused on life-threatening or rare diseases. There is currently no publicly accessible active github repo, however there is an existing platform that will be built upon (Trustedoctor). Complete beta/final blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2019 (see Roadmap).
There is appeal to the TrustedHealth product in terms of providing a decentralized and freely accesible medical services marketplace, particularly with regard to urgent or complex medical situations. The potential / target user-base will grow with natural population development (given the increasing need for medical services) and cryptocurrency adoption in the general population. There is currently some normal competition in the sector, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: Proof Work, Mediledger, SimplyVital Health, Robomed Network, Medical Chain

Product Whitepaper

Use of Blockchain

3.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

The project’s contribution to blockchain development is in creating a decentralized and widely accessible medical services marketplace. “HealthPass is a premium status access account stored on your Ethereum wallet. A HealthPass registered Ethereum address allows you to access premium services within the TrustedHealth network of service providers such as direct contact numbers to diagnostic labs, researchers or personalised services.” There is a disruptive advantage as the platform is aimed at enabling more widespread access to medical services via encryption and blockchain. There is need for a custom token, which allows for pricing and settlements as well as interaction on the platform such as to request/recieve medical services.
The contribution to the blockchain ecosystem is in developing a new decentralized platform for medical services.

Use of Blockchain Roadmap

Whitepaper

4.2
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is well put together, professional and informative, and textual with a simple design. The whitepaper is fairly long at 53 pages, but can be easily read and understood. The whitepaper provides high level information and contains the following sections: the Mission, Founding partner, Abstract, Executive summary, Challenges, Solution, Trustedoctor, Ecosystem, HealthPass, Blockchain, Crowdsale incentives, Issuance of TDH Tokens, Conclusion, Bibliography, and Disclaimer. The business and technology plans behind TrustedHealth are detailed and concisely explained. References are provided in bibliography form.

Whitepaper Compliance

Roadmap

3.8
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

A milestone roadmap is given on a quartely basis. Obstacles lie ahead as wallet development, governance development, final platform/blockchain development, and public platform launch will occur after the ICO. The roadmap provides major milestones and descriptions of the intermediate steps required to complete each milestone.
Roadmap:
STAGE 1 – Q3 2018
Technology dev – Provision of TDH WALLET & TDH GOVERNANCE for the Ecosystem
Diseases/conditions – +2 more diseases* – LUNG and BREAST CANCER with world-leading doctor specialists already onboarded
STAGE 2 – Q1 2019
Technology dev – Provision of TDH VAULT STORAGE SYSTEM on blockchain with storage customization for regulatory purposes.
Diseases/conditions – + 5 more diseases* – PROSTATE, COLORECTAL, OVARIAN, CERVICAL, MELANOMA CANCER
Ecosystem dev – Incorporation of Ecosystem providers such as diagnostic labs, leading hospitals and clinics
Marketing – Worldwide patient/users awareness building campaign about TrustedHealth
STAGE 3 – Q3 2019
Technology dev – Transition of current Trustedoctor’s digital medical record (PatientLink) onto the blockchain. Provision of DIGITAL PATIENT RECORD based on blockchain for the ecosystem. TDH RESEARCH module within TDH Wallet for reseach labs, individual specialists and users.
Diseases/conditions – + 10 more diseases* such as PANCREATIC, CERVICAL, KIDNEY, LEUKEMIA, HEAD AND NECK, THYROID, ESOPHAEGAL, LYMPHOMA, LIVER AND IMMUNE DISEASE SUCH AS MULTIPLE SCLEROSIS
Ecosystem dev – Incorporation of research laboratories, patient organisations, insurances.
STAGE 4 – AGENDA 2020
Diseases/conditions + 20 more diseases* such as ALS, KAWASAKI DISEASE, SPINE CONDITIONS, CRANIOFACIAL ABNORMALITIES AND OTHER IMMUNE, GENETIC AND CHRONIC CONDITIONS.
Marketing Worldwide patient/users awareness building campaign about TrustedHealth.

Roadmap Company and Team

Compliance

3.0
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.

Compliance

The TrustedHealth tokens have intrinsic value through their planned usage on the TrustedHealth platform by allowing for interaction, payments, and medical services. (“Envisioned as a general purpose cryptocurrency for use in specialised healthcare-related services, Health Tokens will be used for all transactions within the TrustedHealth ecosystem – a decentralised network built on top of the Ethereum blockchain.”) The token’s main utility is as a tradable financial instrument, as it is used specifically as a means of payment however, the token also functions as a means for access to the network and ecosystem as a whole.
The whitepaper contains a disclaimer and a discussion of risk factors, and KYC is is enforced with a whitelisting process that includes ID document upload. In general, registration on the platform is subject to KYC, particularly with regard to obtaining a HealthPass and extended HealthControl services (but this can be completed at any time). Participants in the crowdsale will also receive the option to vote on which diseases will be listed on the platform after the 15 already selected. Contributors above a certain amount will be awarded with permanent health access premium accounts (Healthpass and Healthpass+) and tailormade assistance services (HealthControl and HealthControl+).
The token smart-contract is not available for public review and no public github repo is present, but there is an existing legacy platform that will be expanded upon.

Compliance Token Sale

Company and Team

3.8
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

Trustedoctor, the founding partner of TrustedHealth, connects patients with specialists, allowing them to arrange real-time consultations with the right specialist when treatment decisions are urgent and travel may be difficult.
TrustedHealth has an established team with 19 employees and 15 advisors.
The core team has experience in advertising, mobile gaming tech, marketing, business development, front-end development, software engineering, IT, UI/UX, blockchain development and blockchain/cryptocurrency/smart-contract projects.
No LinkedIn links are provided for the advisors but the website states experience in medicine, blockchain/cryptocurrency/smart-contract projects, ICO consulting, and fintech.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of TrustedHealth.
Positives: The many core team members and advisors have previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Company and Team Product

Token Sale

3.4
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

TrustedHealth Token (TDH)
Total Tokens: 300 million TDH
Hard Cap: 7,500 ETH
Soft Cap: 1,000 ETH
Price: 1 TDH = 0.00006 ETH

TOKEN DISTRIBUTION
50% ICO
30% Team (Monthly vesting over 3-yrs)
18% Company
02% Bounty

ICO Funds Allocation
40% Development
30% Marketing
30% Operations

Social Media Presence & Following
There is very little community engagment and reception.

Product

TrustedHealth is meant to be a decentralised patient- and doctor-driven cooperative focused on life-threatening or rare diseases. There is currently no publicly accessible active github repo, however there is an existing platform that will be built upon (Trustedoctor). Complete beta/final blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2019 (see Roadmap).
There is appeal to the TrustedHealth product in terms of providing a decentralized and freely accesible medical services marketplace, particularly with regard to urgent or complex medical situations. The potential / target user-base will grow with natural population development (given the increasing need for medical services) and cryptocurrency adoption in the general population. There is currently some normal competition in the sector, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: Proof Work, Mediledger, SimplyVital Health, Robomed Network, Medical Chain

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.4

Use of Blockchain

The project’s contribution to blockchain development is in creating a decentralized and widely accessible medical services marketplace. “HealthPass is a premium status access account stored on your Ethereum wallet. A HealthPass registered Ethereum address allows you to access premium services within the TrustedHealth network of service providers such as direct contact numbers to diagnostic labs, researchers or personalised services.” There is a disruptive advantage as the platform is aimed at enabling more widespread access to medical services via encryption and blockchain. There is need for a custom token, which allows for pricing and settlements as well as interaction on the platform such as to request/recieve medical services.
The contribution to the blockchain ecosystem is in developing a new decentralized platform for medical services.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.0

Whitepaper

The whitepaper is well put together, professional and informative, and textual with a simple design. The whitepaper is fairly long at 53 pages, but can be easily read and understood. The whitepaper provides high level information and contains the following sections: the Mission, Founding partner, Abstract, Executive summary, Challenges, Solution, Trustedoctor, Ecosystem, HealthPass, Blockchain, Crowdsale incentives, Issuance of TDH Tokens, Conclusion, Bibliography, and Disclaimer. The business and technology plans behind TrustedHealth are detailed and concisely explained. References are provided in bibliography form.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
4.2

Roadmap

A milestone roadmap is given on a quartely basis. Obstacles lie ahead as wallet development, governance development, final platform/blockchain development, and public platform launch will occur after the ICO. The roadmap provides major milestones and descriptions of the intermediate steps required to complete each milestone.
Roadmap:
STAGE 1 – Q3 2018
Technology dev – Provision of TDH WALLET & TDH GOVERNANCE for the Ecosystem
Diseases/conditions – +2 more diseases* – LUNG and BREAST CANCER with world-leading doctor specialists already onboarded
STAGE 2 – Q1 2019
Technology dev – Provision of TDH VAULT STORAGE SYSTEM on blockchain with storage customization for regulatory purposes.
Diseases/conditions – + 5 more diseases* – PROSTATE, COLORECTAL, OVARIAN, CERVICAL, MELANOMA CANCER
Ecosystem dev – Incorporation of Ecosystem providers such as diagnostic labs, leading hospitals and clinics
Marketing – Worldwide patient/users awareness building campaign about TrustedHealth
STAGE 3 – Q3 2019
Technology dev – Transition of current Trustedoctor’s digital medical record (PatientLink) onto the blockchain. Provision of DIGITAL PATIENT RECORD based on blockchain for the ecosystem. TDH RESEARCH module within TDH Wallet for reseach labs, individual specialists and users.
Diseases/conditions – + 10 more diseases* such as PANCREATIC, CERVICAL, KIDNEY, LEUKEMIA, HEAD AND NECK, THYROID, ESOPHAEGAL, LYMPHOMA, LIVER AND IMMUNE DISEASE SUCH AS MULTIPLE SCLEROSIS
Ecosystem dev – Incorporation of research laboratories, patient organisations, insurances.
STAGE 4 – AGENDA 2020
Diseases/conditions + 20 more diseases* such as ALS, KAWASAKI DISEASE, SPINE CONDITIONS, CRANIOFACIAL ABNORMALITIES AND OTHER IMMUNE, GENETIC AND CHRONIC CONDITIONS.
Marketing Worldwide patient/users awareness building campaign about TrustedHealth.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.8

Compliance

The TrustedHealth tokens have intrinsic value through their planned usage on the TrustedHealth platform by allowing for interaction, payments, and medical services. (“Envisioned as a general purpose cryptocurrency for use in specialised healthcare-related services, Health Tokens will be used for all transactions within the TrustedHealth ecosystem – a decentralised network built on top of the Ethereum blockchain.”) The token’s main utility is as a tradable financial instrument, as it is used specifically as a means of payment however, the token also functions as a means for access to the network and ecosystem as a whole.
The whitepaper contains a disclaimer and a discussion of risk factors, and KYC is is enforced with a whitelisting process that includes ID document upload. In general, registration on the platform is subject to KYC, particularly with regard to obtaining a HealthPass and extended HealthControl services (but this can be completed at any time). Participants in the crowdsale will also receive the option to vote on which diseases will be listed on the platform after the 15 already selected. Contributors above a certain amount will be awarded with permanent health access premium accounts (Healthpass and Healthpass+) and tailormade assistance services (HealthControl and HealthControl+).
The token smart-contract is not available for public review and no public github repo is present, but there is an existing legacy platform that will be expanded upon.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.
Compliance Score:
3.0

Company and Team

Trustedoctor, the founding partner of TrustedHealth, connects patients with specialists, allowing them to arrange real-time consultations with the right specialist when treatment decisions are urgent and travel may be difficult.
TrustedHealth has an established team with 19 employees and 15 advisors.
The core team has experience in advertising, mobile gaming tech, marketing, business development, front-end development, software engineering, IT, UI/UX, blockchain development and blockchain/cryptocurrency/smart-contract projects.
No LinkedIn links are provided for the advisors but the website states experience in medicine, blockchain/cryptocurrency/smart-contract projects, ICO consulting, and fintech.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of TrustedHealth.
Positives: The many core team members and advisors have previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
3.8

Token Sale

TrustedHealth Token (TDH)
Total Tokens: 300 million TDH
Hard Cap: 7,500 ETH
Soft Cap: 1,000 ETH
Price: 1 TDH = 0.00006 ETH

TOKEN DISTRIBUTION
50% ICO
30% Team (Monthly vesting over 3-yrs)
18% Company
02% Bounty

ICO Funds Allocation
40% Development
30% Marketing
30% Operations

Social Media Presence & Following
There is very little community engagment and reception.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
3.4

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