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Everyone Talks About Dentacoin but What Is It Actually?

Press release – Since its inception in 2017, Dentacoin – the first Blockchain solution for the global dental industry – has attracted the attention of both the Healthcare and the Crypto Industry with its innovative use case. Just a year ago, a lot of people would find it hard to believe that an industry which is not famous for its fast innovation implementation speed would start adopting a solution like Dentacoin at such a fast pace. As of now, the Netherlands-based Foundation has already developed four Blockchain-based products, used by 80K+ individuals and dentists globally, has attracted 100K+ more community members (subscribers, followers) and has implemented its same-named currency as an official means of payment at 70+ dental practices, labs, shops in 18 countries.

What is Dentacoin?

Founded in March 2017, Dentacoin Foundation develops the first Blockchain solution for the global dental industry. Driven by a vast community of progressive dentists, software developers and marketing specialists, the Foundation has managed to create a new dental ecosystem which favors all industry stakeholders: patients, dentists, manufacturers, suppliers, labs, insurance companies.

Through a common, industry-specific cryptocurrency Dentacoin (DCN) and several Blockchain-based software tools, all market participants are securely interconnected, empowered to efficiently exchange information and values. The core purpose of the Foundation is to improve long-term health, reduce costs and pain, and continuously support the growth in the value of the DCN currency.

Dentacoin (DCN) currency, “the Bitcoin of Dentistry”

Dentacoin (DCN) is an Ethereum-based utility token which is embedded as an incentive in the Dentacoin tools. It can be easily exchanged to other crypto and fiat (USD, EUR, GBP, etc.) currencies and is already being accepted as a means of payment by dental clinics, laboratories, shops in 18 countries. Every new participant in the Dentacoin community leads to increase of DCN value (“network effect”) – i.e. the more people use DCN, the higher its value grows.
Dentacoin is the one and only cryptocurrency in the world that connects all participants in the global dental industry. In contrast to the inflation-prone world currencies, it holds the potential to make people richer rather than poorer. In its essence, Dеntacoin has a strong social aspect – it empowers people to receive affordable and sustainable dental care and to earn additional income for their active usage of Dentacoin tools.

Dentacoin Tools, Bringing Patients Back Into Focus

Communication and attention are the key components on which every relationship builds. The Dentacoin Foundation has already developed four Blockchain-based software applications intended to facilitate and leverage the interaction between patients and dentists.
  • DentaVox
    An online market research platform surveying users (patients) on various dental health topics and providing key results publicly.
  • Trusted Reviews
    The first platform for detailed, verified and incentivized dental treatment reviews written by patients with verified identities.
  • Dentacare Mobile App
    A mobile app which teaches kids and adults to maintain good oral hygiene through a 3-month, incentivized challenge.
  • Dentacoin Wallet dApp
    Allows users to easily and securely store, send, receive DCN tokens, as well as buy DCN against fiat and crypto currencies.
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Dentacoin Assurance, Preaching & Practicing Preventive Dental Care

Dentacoin Assurance is the first Blockchain-based program that entitles Patients to preventative dental care for life against an affordable monthly premium in Dentacoin (DCN) cryptocurrency. Dentists receive regular monthly capitations, with the provision that all services will be provided to Patients at no charge or at greatly reduced fees.

The model brings the financial interests of Patients and Dentists into complete alignment while shifting the focus from acute treatment to sustainable prevention and establishing strong, lasting bonds. The testnet of Dentacoin Assurance is planned to be launched by the end of 2018.

Dental Health Database, Making Patients Owners of Their Dental Health Records

Another key project to be developed in 2019 by the Dentacoin Foundation is a decentralized dental health database which stores patient’s data in a safe and reliable way. It is fully managed by patients – only they decide what to store and who can access it. This peerless security degree and control over one’s own data is ensured by the Blockchain. For dentists, this means easier and more precise prophylaxis plans and highly individualized treatment based on a more holistic view of the patient’s health.

Official Website: https://dentacoin.com/
Disclaimer: this press release is part of a partnership between Bitcoin Magazine Netherlands and Dentacoin.

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