Categories: EducationFAQ

What Is Dentacoin?

It has become painfully obvious that there will never be one cryptocurrency used for all daily tasks. While many people still hold out hope that Bitcoin will fill that role, it seems highly unlikely. As such, there also won’t be one blockchain to cater to all users. Dentacoin illustrates that point exactly by providing a distributed ledger ecosystem specifically for the global dental industry.

What is Dentacoin’s Market?

By providing the global dental industry with a blockchain solution, the Dentacoin has embarked on a rather intriguing mission. This blockchain concept also has its own native ERC20 token which will be used globally by individuals and dentists alike. Improving dental care with blockchain and making it more affordable to visit a dentist are the two main selling points of this project. Moreover, the platform will offer various blockchain-based tools for this industry in the future.

The Technical Aspects of Dentacoin

The first point of focus for the Dentacoin team is creating a trusted review platform for the dental sector. With trusted dental treatment reviews for everyone around the world to read, industry professionals can make a name for themselves. Additionally, patients will get the best possible help for their dental problems. As such, the Dentacoin platform aims to make a big impact on the global dental industry in the coming years.

Additionally, it will be possible to ensure one’s dental health using this blockchain

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project. This insurance concept’s interests are aligned between dentists and patients directly without the need for intermediaries. The Dentacoin platform will also serve as a healthcare database, as medical records can be stored in a secure manner. Moreover, patients and dentists will need to give permission to others wishing to access specific information, which improves overall confidentiality.

To make sure this service is convenient, an interactive aftercare mobile app will be introduced in the future. Long-lasting oral hygiene habits are a top priority for Dentacoin, which is a good thing. Last but not least, there will be the DentaVox webapp for collective customer wisdom. This solution can be used for questionnaires and rewards, as well as for general market research data. There are a lot of potential use cases for DentaVox once this platform is fully developed and open to the public.

The Dentacoin Token

All of this infrastructure will be powered by the Dentacoin token, known as DCN across the exchanges. Dentacoin will provide a decentralized trading platform for dental care products, materials, and equipment, all of which can be bought and sold in exchange for DCN. This native token will also be used to pay for dental visits, assuming there are enough industry professionals willing to experiment with this project. For now, the DCN value is purely speculative, though.

What Comes Next for Dentacoin?

Even though a lot of work has been done already, the year 2018 will bring the release of the Dentacoin review application for mobile devices. We will also see the integration of market research surveys, which will be a big milestone for this project. A second token sale will follow in October of 2018, followed by the launch of the Dentacoin insurance testnet in Q4. If the developers can adhere to these timelines, the year 2018 will be quite exciting for DCN holders and investors.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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