Dentacoin (DCN) is making a name for itself as a first of its kind dental industry focused cryptocurrency. Established in 2017, the altcoin seeks to improve its industry by enabling easy access to high-quality dental care.
According to the core developer, Jeremias Grenzebach, Dentacoin is a solution that will work to address the dental industry issues on a global scale. Even though high-quality dental care is something everyone should have, only 20% of the global population can afford it.
Fragmentation in the global dental industry means dentists cannot achieve greater efficiency. Dentacoin intends to change all this by devising ways of enabling the use of cryptocurrency and blockchain to solve the problems. Currently, there are 38 clinics across 11 countries where patients can pay using the altcoin. Dentists can also use the cryptocurrency to pay laboratories and other service companies.
Dentacoin is planning to gain a head start, as blockchain technology continues to take over the healthcare industry. The blockchain project seeks to create a global dental ecosystem where a patient’s health is to be at the center. Providing an alternative way of storing patient’s healthcare records is one of the areas the project is exploring.
People can earn Dentacoin by simply taking surveys or providing feedback. Distribution of the coin is also possible with people who maintain proper dental care. Defined by mutual benefits, Dentacoin comes with a three-tiered process that seeks to cater to the needs of both the service providers and the patient.
Dentacoin Long-term Prospects
A lack of direct competitors, as of now, essentially means Dentacoin stands a better chance of enjoying accelerated growth. However, as its growth accelerates so would other players look to join the foray to capitalize on the market potential. Faced with this harsh reality of markets, Grenzebach says they are doing all they can to stay ahead of the pack.
“Important emerging trends can be recognized only when looking at the global industry. That’s why we are working closely with professionals with different competencies worldwide. Also, we are highly engaged with the patient community. This combination helps us detect in advance trends with a chance for significant impact on the industry,” said Mr. Grenzebach
Adoption will play a key role if Dentacoin is to be a success, even though it is operating in a niche market all by itself. The developers have already unveiled three sets of tools which continue to elicit strong interest in the industry. DentaVox, Trusted Review, and Dentacare are the new tools that more than 4,000 dentists have already adopted.
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