Dentacoin is the first Blockchain concept designed for the Global Dental Industry. Through a common, industry-specific cryptocurrency Dentacoin (DCN) and several Blockchain based software tools, all market participant are securely interconnected, empowered to efficiently exchange information and values.
The Dentacoin Foundations’ core missions are improve the quality of dental care worldwide, reduce treatment costs and create a dental community. The Dentacoin Token was created to help assist Dentacoin Foundation with the above mentioned missions by giving power to the people. Dentacoin focuses on developing a number of tools, each one targeting a different sector of the dental industry. Individuals who use and implement these tools will receive Dentacoin Tokens as a reward, which they can later use to pay for their dental treatment or to purchase dental products.
All service industries aiming at long-term success are driven by their customers’ feedback. The healthcare Industry is no exception. No regulatory authority, no central institution, no powerful organization or individual could control the industry better than the patient community. People trust people, thus there is nothing more valuable to the industry players than constant, trustworthy feedback from the patients. However, a community needs to exist for this to be achieved and this is where Dentacoin steps in. Dentacoin emphasizes the industry’s challenges and reveals the solutions for increasing the dental practice’s efficiency.
Through creating and implementing the first Blockchain-based platform for trusted dental treatment reviews, the Dentacoin Foundation will allow patients voices to be heard and dentists will have access to up-to-date, extremely valuable market research data and qualified patient feedback – the most powerful tool to improve service quality and to establish a loyal patient base. Through a self- executing Smart Contract, the Dentacoin review platform will assure optimal autonomy, trust, speed, and safety thus mitigating any risks in connection with manipulations.
Dentacoin’s ‘unique feedback platform will be supported by various other valuecreating solutions devoted to achieving the same purpose to improve dental care quality worldwide. The revolutionary, blockchain dental insurance will become one of Dentacoin’s most powerful tools in the dental industry, as explained below. Dentacoin has created a uniquely original dental insurance smart contract that will exist between the individual and their corresponding dentist in order to achieve the above-mentioned purpose.
Blockchain offers a model, which has the potential to enable secure lifetime medical record sharing across healthcare providers. The rationale for considering a blockchain in electronic health care records is twofold. First, it avoids adding another organization between the patient and the records. The blockchain implies a decentralized control mechanism in which all have an interest, but no one exclusively owns it. This is an architectural change that generalizes past medical records. Second, it adds due consideration to a time-stamped, programmable ledger.
Strength of dentacoin
The Dentacoin Foundation recognizes that the value of all user contributions (reviews,
recommendations, rewards, payments, trusted feedback, etc.) is one of the most important assets to the foundation. A single review is worth next to nothing, but millions of trusted and impartial reviews are worth many millions of euros. Individuals should be paid for everything they do that brings value not only to Dentacoin but also to the dental industry. A major breakthrough for Dentacoin was the purchase of a real existing dental clinic, the Dentaprime International Plc. London.
Once a year, there is possibility that the Dentacoin Foundation will be able to change back the Dentacoin tokens from market for Ether or Bitcoin with up to 50% of the operating profit. This will have the effect that the global DCN supply decreases. On the other hand, the Dentacoin Foundation may use the 50% of the operating profit to reinvest into the tools that are being developed by the Dentacoin Foundation. The decision how use the resources including any profits and liquidation proceeds – will be only and at every time in the hands of the management of the foundation.
Philipp Grenzebach CO-FOUNDER / BUSINESS DEVELOPER / M&A
Jeremias Grenzebach CO-FOUNDER / CORE DEVELOPER
Sergey Ushakov FRONT-END & SOLIDITY DEVELOPER
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