Blockchain Startups in Healthcare: Top Six to Consider
Blockchain technology is a gift that keeps on giving, and almost all industries are looking into its integration. Blockchain startups are revolutionizing businesses all around the world and it is easy to understand why: the new technology’s benefits are simply too significant to be ignored. The healthcare industry is not an exception. A myriad of startups are starting to disrupt the healthcare industry exponentially.
The Hottest Bunch
The last couple of years saw unique ideas come to life in the form of blockchain startups having to do with healthcare and medicine. The six companies below represent the trailblazing concepts that will surely be the next chapter in the ever-evolving blockchain saga.
Founded in 2017 by Wookyun Kho and Eunsol Lee, Medibloc is a healthcare information system based on blockchain technology. The company offers its users the ability to store their medical data and information on the blockchain, basically creating a personal doctor that you will not have to wait in line for. From now on, all of one’s medical history will be stored in one place, instead of just in the databases of different hospitals. This service will enable easier access to healthcare and better customer relations. Medibloc is also willing to share anonymous, protected patient data with researchers who are seeking to cure diseases more effectively.
Medicalchain was founded in early 2016 by two business partners, Dr. Abdullah Albeyatti and Mo Tayeb. The company sparked the interest of the crypto community, when their initial coin offering generated more than $24 Million. The main objective of the company is to securely store medical records of users and “maintain a single version of truth” – centralize patients’ medical history data. Hospitals and medical centers are allowed to access this information with the permission of the client and provide care, while transactions between entities will be recorded. Users can also share their data with different medical organizations.
Named as the best project of the North American Bitcoin Conference in Miami in 2018 and awarded the Most Innovative Blockchain Project Award at the Blockchain Life 2019 conference in Singapore, Solve.Care is considered a leader among companies entering the global market aiming to revolutionize healthcare through the use of technology. The company’s goal is to simplify healthcare delivery, care coordination, and increase benefits to all involved in the process. Solve.Care believes that implementing its system will inevitably drop administrative and treatment costs in medicine. Its platform is designed to enable insurance companies, government agencies, hospitals and providers, pharmacies and businesses to build care coordination and delivery networks and engage their stakeholders. Solve.Care’s CEO, Pradeep Goel spent more than 26 years in healthcare IT and is also on the 100 most promising entrepreneurs worldwide compiled by Goldman Sachs CEO. The company’s Advisory Board is comprised of top public figures, such as Congressman James Moran, Director Karen Bowling, and Secretary Donald Upson.
Safeinsure is a decentralized insurance marketplace launched in September of 2018 to provide affordable and democratic opportunities for the participants, while returning power into the hands of consumers. According to Safeinsure, there are several major benefits to using their service. They offer modular, customized insurance that allows customers to pay for certain services only, agreed upon by all parties. The company allows users to seek personalized insurance plans on the blockchain network. Masternode security makes all information transparent and leakproof on this safe insurance network. Safeinsure eliminates fraud, assesses risks and reduces liabilities, resulting in lower expenditure and costs. The company has its own cryptocurrency called Safeinsure Coin (SINS) and SINS will be required by all participants for transactions within the blockchain ecosystem.
Dentacoin is a unique service app having to do exclusively with dental care. Created for dentists and patients alike by Dr. Dimitar Dimitrakiev, the company aims to refashion the dental industry forever. Dentacoin was founded in the Netherlands in the fall of 2017 and has an impressive market cap of $10 million, while its ICO generated $2.1 million in token sales. The program is supported by the Dentacoin Cryptocurrency DNC, an Ethereum based token that is already being accepted by clinics that engage in crypto transactions. The main goal of Dentacoin is to improve long-term dental health, while reducing the costs of care and ensuring benefits for all parties.
A new, revolutionary Artificial Intelligence app Doc AI is available to the public thanks to its founder Walter De Brouwer. Walter established the brand in August of 2016 to completely transform the way health research is conducted. Doc AI raised more than $12 million in its initial coin offering.
The main idea behind the app’s process is to grant you access to your full health history and help diversify medical research. Doc AI allows users to earn for sharing their data and contributing to medical science. At the same time the app is extremely careful with the security of private patient data. Information is decentralized, and thanks to advanced encryption systems, it remains completely anonymous.
Doc AI will be also a personal robo-doctor with its own incredible AI tailored individually to each customer. Blockchain based, it will compute every detail to help customers understand their needs easily and simplify the treatment process, in turn also resulting in lower overall costs.
Incredible Concepts are the future
It seems that the future of patient-doctor relationship is bright. Blockchain technology is enabling the healthcare industry to fully upgrade itself thanks to the previously unavailable possibilities. The course is set for BC and Medicine to merge in an amazingly capable and efficient virtual partnership.