Dentacoin is a digital currency catered to the dental industry – seriously. Find out everything you need to know about Dentacoin today in our review.
What Is Dentacoin?
Dentacoin (DCN) is an Ethereum-based token (ERC20) preparing for its presale on July 1. At the start of the presale, early adopters will be able to buy Dentacoin for 2.5 times cheaper than their stated value.
As you may have guessed from the name, Dentacoin is a digital currency catered to the world of dentistry. The currency was created specifically to meet the needs of the global dental industry.
The digital currency began a trial run in March 2017, when it was implemented by SWISS Dentraprime, a dental implant clinic dedicated to introducing automation and digitization features into their processes.
Dentacoin was used as part of their patient loyalty program. Patients who visited the clinic received Dentacoins in return for their feedback, reviews, or recommendations.
The trial period ended in May. You can read a detailed report on the trial run at the Dentacoin blog.
The first goal of the Dentacoin Foundation is to create a review platform. In the future, however, they plan to release a blockchain-based insurance program and a blockchain-based healthcare database, among other projects.
How Does Dentacoin Work?
The Dentacoin economy will consist of several different parts – including a review platform, an insurance system, and a healthcare database all built on the blockchain.
Initially, however, the Dentacoin economy will center on reviews. Specifically, users access the Dentacoin Trusted Reviews Platform, which is the world’s first blockchain-based platform dedicated to trusted dental service reviews.
Patients can use this review system to provide honest reviews of their dental experience in exchange for Dentacoins. Dentists, on the other hand, will be able to access updated, accurate market research data on patient feedback.
Dentacoin uses a smart contract system to ensure autonomy, trust, speed, and safety. Like other blockchain platforms, it’s impossible to manipulate or change the data in the Dentacoin Trusted Reviews Platform.
Patients can then use their Dentacoins to pay for services at partnered dentists and clinics. Or, patients may choose to keep Dentacoins as an investment.
The ultimate goal of the system is to improve dental care worldwide. Dentists can access the Dentacoins platform to see where they can improve – or what they’re doing right.
Dentacoin is setup to be used by dentists all over the world.
Trusted Review Platform:
This is the concept we mentioned above. The Trusted Review Platform is a blockchain-based platform that provides trusted dental reviews. Patients can read reviews to discover better dental care, and dentists can read reviews to find out where they can improve.
Unlike other review platforms, the Trusted Review Platform plans to reward customers for their feedback with a real currency – Dentacoins.
In the future, the Dentacoin Foundation plans to launch a blockchain-based concept of dental insurance. In this insurance system, the responsibility for one’s health is shared, and interests are aligned between dentists and patients.
This is a decentralized database of patient’s overall medical records. Data will be highly protected and updateable in this database. In addition, patients can choose to securely share this data with dentists and medical professionals through the use of private keys.
Aftercare Mobile App:
This app helps dentists treat patients after they’ve left the dental clinic. Dentists often struggle to provide adequate aftercare treatment. Dentacoin’s Aftercare Mobile App wants to help develop long-lasting oral hygiene habits in both children and adults.
Dentacoin is an educational website focused on expanding patients’ awareness on dental care issues. The website will teach clients better dental habits through games, questionnaires, and quizzes.
Store Of Value:
Each Dentacoin is legally bound to one share of the Dentacoin Foundation, including all of the foundation’s material and immaterial assets. In addition, Dentacoin holders can vote on all important decisions.
Who Created Dentacoin?
Dentacoin was created by a team of developers, dentists, marketers, engineers, and FinTech specialists from around the world. The team is collectively known as the Dentacoin Foundation.
The Dentacoin team includes developers from the UK, Bulgaria, India, United States, Germany, Netherlands, France, Russia, and South Africa. Approximately 120 people have contributed to the project since its initial development began in 2014.
Dentacoin was founded by Prof. Dr. Dimitar Dimitrakiev. Dimitrakiev is described as a highly respected university lecturer with more than 27 years of experience in financial markets. His co-founders include Philipp Grenzebach and Jeremias Grenzebach.
The company is headquartered in Maastricht, The Netherlands. The Dentacoin Foundation officially launched in February 2017, with the initial trial starting in March. The company has scheduled its presale for July 2017.
Meanwhile, the Trusted Review Platform is scheduled for launch in August 2017 on a testnet, with the full public release (on the mainnet) occurring in Q4 2017. The full token sale is scheduled for October 2017.
Another token sale is scheduled for October 2018. By Q4 2018, the Dentacoin Foundation plans to launch their Dentacoin insurance platform, and by Q3 2019, they want to launch their healthcare database.
Dentacoin aims to improve the dental industry worldwide by creating a Dentacoin (DCN) ecosystem. Each DCN token gives holders a share of the Dentacoin Foundation. Dentists can give patients DCN tokens in exchange for their reviews. Patients can then spend these tokens on dental services, or hold onto Dentacoins as an investment.
The review platform will be the first Dentacoin product released. However, the company plans to release a blockchain-based insurance platform and a blockchain-based healthcare database in the future.
Ultimately, the Dentacoin Foundation wants to use blockchain technology to revolutionize the world of dental care. The next big step for the company is its presale, scheduled to take place on July 1, 2017.