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Quantum Medical launches $50M cryptocurrency offering

Quantum Medical Transport, Inc. launched its $50 million initial coin offering of 100 million digital coins under the token symbol QTH.

An initial coin offering, or ICO, is a way of crowdfunding centered on cryptocurrency.

The offering is March 20-April 15.

The Sugar Land, Texas-based medical transportation provider is offering the digital tokens via a public blockchain Ethereum-based platform at $1 apiece, which is a 50% discount during the ICO sale. The minimum subscription amount is $1,000.

Quantum Medical said its blockchain technology, QuantH Medical, will enable secure encryption data sharing that will be compliant with the Health Insurance Portability and Accountability Act. The platform will use a multisignature, multilayer secure key code through a set of customized nodes to transport data.