By Bitcoin.com PR — September 14, 2017 0 2
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The inherent high level of fragmentation and low degree of industrialization make dentistry an ideal use case for an integral Blockchain-based platform solution – such as Dentacoin – to be applied. Through numerous Blockchain-based tools, Dentacoin aims at bringing patients and dentists into communities, working together to improve dental care worldwide and make it affordable. The first large Dentacoin Token Sale starts on 1st of October 2017, 2 pm GMT and over 20K individuals have already claimed their interest in it.
The Need of Industry-Specific Blockchain Solution
And if industrial problems, as the ones mentioned above, may sound distant at first, they reflect strongly on everyone’s daily life. According to the Australian Dental Association, 90% of all dental problems can be prevented with regular check-ups, proper oral care and nutrition. Another research, conducted by the Academy of General Dentistry, shows that “more than 90 percent of all systemic diseases (diseases involving many organs or the whole body) have oral manifestations”. But here reality takes precedence:
– Patients do not take sufficient care of their teeth and are not prevention-oriented. Moreover, due to high costs 80% of the world’s population cannot afford high quality dental treatment.
– Dentists are forced by the current system of tariffs, settlements and insurances to think on short notice; keeping patients healthy in the long term is not economically viable. Simultaneously, the costs for patient acquisition are growing.
Dentacoin develops a concept to improve this deplorable state of affairs. The aim is to achieve the economically and medically desirable assumption of full responsibility for the dental health of each individual, shared equally between patients and dentists. The Blockchain technology is the only way to automate data security, protect from counterfeit and achieve low costs. It is the only way to integrate a currency system at low costs and with maximum security, independent of authorities and banks. The technology enables more and more decentralised, autonomous processes that return the power back into the hands of the people.
Value Generation as a New Coin Distribution Concept
On its way to solve the industry’s most pressing problems, Dentacoin implements so called “value-generating” distribution model. Numerous of Blockchain-based tools where users will be rewarded with Dentacoin tokens for their contribution to the Foundation’s mission will be developed. Approx. 40% of the total Dentacoin supply is reserved to serve the below mentioned and further-developed tools.
Among the value-generating tools is the pilot project of Dentacoin – the Trusted Review platform which is already developed as the first Blockchain-based, tamper-resistant and transparent platform for dental treatment reviews. It is already functioning on the main Ethereum network and at the moment of writing has already over 500 registered users and over 80 dental practices. An aftercare mobile app aimed at forming knowledge and dental care habits and a market research platform to gather valuable market research data from patients will be launched as well. To further strengthen the patient-dentist relation, a “Hippocratic” dental insurance model where patients will no longer pay for treatments, but for prevention, will also be developed, offering to patients lifelong, full-covered dental care to patients with very low, monthly rates, paid in DCN while simultaneously guaranteeing stable monthly income to dentists.
The target user group of Dentacoin extends beyond the Blockchain community and into “the real world”, consisting of more than 600 Mio users (patients and dentists). The distribution model of Dentacoin spreads the currency among the target user group, brings all market participants together into co-working communities and thus generates value for the whole industry. A powerful network is expected to trigger network effects where adding a new participant increases the value of the network for all existing participants.
Upcoming Dentacoin Token Sale: 1st of October 2017, 2 pm GMT
Even before its ICO, Dentacoin has its first product launched. Moreover, it is tradable on five exchange platforms and accepted as means of payment at European partner clinics. The first large Dentacoin Token Sale starts on 1st of October 2017, 2 pm GMT and over 20K individuals have already claimed their interest in it.
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.