Top Healthcare Cryptos that Are Changing the Medical Industry
A big part of running a successful business is to stay up to date with the latest trends. The same principle applies to the healthcare industry. There are a lot of technology trends that are shaping the healthcare sector.
Healthcare is one of the most important sectors in any country. New technologies have been emerging to bring solutions to make medical processes easier, more accurate, and cheaper. As we all know, cryptocurrency has been evolving at a fast pace. Blockchain, for example, has brought new opportunities for businesses and individuals, as well as the healthcare sector.
One of the trends in healthcare is the growing importance of digital coins. Cryptocurrency can have a huge impact on the future of healthcare.
The combination of blockchain and healthcare sounds like a match made in heaven. The use of blockchain in the healthcare industry can bring solutions that we could never imagine before. It is a good idea to learn about the top healthcare cryptos that are changing the medical industry. Here is a list of the top healthcare cryptos that will revolutionize how we do things in this industry.
MediShares
MediShares is the first mutual aid marketplace based on blockchain technology and smart contracts. The platform uses Smart Contracts to automate insurance transactions, allowing health insurers to process claims faster while avoiding fraud. It utilizes blockchain technology to create a decentralized and transparent ledger of health care contributions and claims.
For members to get funds for a claim, at least one member (the claimant) will have to actively contribute to the system. The more members contribute, the more funds are available for claiming. MediShares implements a Proof-of-Stake algorithm that incentivizes good behavior within the network to prevent malicious behavior from being rewarded. Altcoins resources and guides tend to come in handy.
The group of people who contribute to the fund is called a community. It builds communities by allowing its members to refer to other members for free. This allows new communities to be built through word-of-mouth advertising, which lowers costs and creates engagement within each community.
Medibloc
The Medibloc blockchain platform is designed to be a personal data ecosystem for patients, providers, and researchers. Allen Kho and Eunsol Lee founded it. Its goal is to give users control of their personal health information and share that information as they see fit. It provides a framework for medical data sharing by incentivizing patients to share their medical data through the MediBloc token. It is the world’s first DApp (decentralized application) based on blockchain technology for healthcare, enabling secure and transparent access to personal medical data.
Medibloc uses a hybrid consensus model, where PoA (Proof-of-Authority) is used in the initial phase, and PoS (Proof-of-Stake) will be adopted in the second phase. The platform’s native cryptocurrency, MED, is an ERC20-compatible token on the Ethereum network.
Doc.com Tokens
Every year, millions of people worldwide are denied access to healthcare, and if they are lucky enough to get access, the cost of healthcare services is too expensive for them to afford. Doc.com has developed a fully-fledged ecosystem that will revolutionize the world healthcare industry to solve this problem. Doc.com aims to leverage blockchain technology to offer users a secure, reliable, and cost-effective way to talk to doctors. This service is provided through its smartphone application, available on iOS and Android.
It was built around the idea of providing instant access to medical advice from doctors, nurses, and other healthcare professionals for all patients at an affordable price. To do this, the team has created a service that can be accessed from anywhere on the planet, 24 hours a day and 365 days a year.
The company will use its ERC20 token (MTC) as an incentive for patients to access quality care from medical professionals worldwide. The platform will reward users with MTC tokens to participate in health-related surveys or watch educational videos about their specific health or nutrition concerns. Patients can then use these tokens to pay for consultations with doctors and nurses on the platform.
Stem Cell Coin
Artificial intelligence (AI) is a cornerstone of the Fourth Industrial Revolution, and some startups are developing AI to help the healthcare industry. One such startup is Stem Cell Coin (SCC). The company was founded by Dr. Arun Chandran and has a team of scientists, physicians, engineers, and software developers. They are working on a platform that will use blockchain technology to aggregate data from various sources and use AI to develop stem cell therapies for cancer patients.
Stem Cell Coin aims to enable access to therapies by providing a platform where people can invest in stem cell research using cryptocurrency. The company is creating an ecosystem that will bring together researchers, investors, and patients. Stem Cell Coin has also developed an AI-driven platform called BioAI. It has been trained using more than 50 million data points from various sources such as medical journals and clinical trials. It will identify potential candidates for stem cell therapy based on their genomic profiles.
SOLVE
SOLVE aims to make the healthcare system more efficient and accessible. It is a decentralized ecosystem for healthcare, where anyone can earn cryptocurrency for sharing or contributing their medical or health-related data. The token connects various stakeholders within the healthcare system by using smart contracts and blockchain technology. By using SOLVE, patients can manage their care plans with physician support.
Patients can view all appointments and prescriptions in one place and make intelligent decisions with trusted information from doctors. It is a purpose-driven token that will empower individuals to take control of their health data. This way, patients get rewarded for sharing their information, which helps doctors make better decisions regarding treatment and cures. SOLVE is the native Ethereum ERC20 token that serves as the medium of exchange on the platform.
It’s evident there are new players on the market taking healthcare to the next level. They’re leveraging blockchain technology to evolve the medical industry even further. By digitizing medical records and building decentralized networks for doctors, these projects can help create a more efficient healthcare system — one that could potentially save lives.
