Dentacoin (DCN) is a new born coin in cryptocurrency market. It is the very first Ethereum-based token that is customized designed for Global Dental Industry to make it easily affordable to users. The main aim of the dentacoin project is to make the quality dental healthcare available in affordable price to everyone by removing the central authority like insurance companies. It gives the overall authority to users by creating the smart contract directly between the patients and dentist.
Dentacoin was founded by Prof. Dr. Dimitar Dimitrakiev-The Member of the IEEE Computational Intelligence Society, A renowned university lecturer and having more than 25 years experience in financial markets, Philipp Grenzebach (business developer), and Jeremias Grenzebach (core developer) who contributed his 8 years in the blockchain concept and also the development of Ethereum , Zcash etc. and except them there was a core team of 20 members. The concept started in July,2017 with the purchase of a brick and mortar dental clinic in London called “the Dentaprime International Plc. London having the price of $90 million USD with DCN tokens and after that the team planned to expand the concept and implementation of technology in clinics started in October 2017 when the ICO was launched. The first Partner Dental Clinics implemented the concept of Dentacoin by accepting DCN token as payment and the Patient Loyalty Programs.
Dentacoin’s main focus is on Global Dental Industry. It is cryptocurrency that is launched solely for dental industry as a mean for payment as well making dental health affordable to all
For educating the patients it offers the three-month incentivized gaming programs like appointment reminders, brushing techniques, nutritional guidance and how to maintain proper dental hygiene. It also have an emergency service for keeping the patients in touch with specialist. The free tier is for three months only
Using this platform that is known as customer intelligence tool, on giving review on different topics related to dental health the users gets rewards. This is useful for dentists, suppliers, manufacturers of dental care products to get connected with users.
It makes the direct contact between the dentist and patient possible through blockchain. According to this concept the Dentists are required to perform the job to the best of their abilities and patients are also required to maintain the hygiene standards. When the requirements are met according to set standards then both dentists and patients are rewarded within DCN
The blockchain offers the exchange of data regarding the patients’ medical record.
As it is very specific for Dental industry, But in January 2018 the price of Dentacoin surged over 900% as cryptocurrency and it is gaining popularity and Dentists are started implementing it at their clinics and getting good return. In 2017 F3T Dental Clinic in the UK, Swiss Dentaprime in Bulgaria, India’s Dentech Dental Care and Mr. Iteeth from Taiwan started implementing it. In 2018 the review application for mobile devices released and in October 2018, The team dentacoin will launch Dentacoin Insurance testnet in Q4 and there will be second token sale and it is among 25 cryptocurrencies in market according to it’s market cap. As it is the best and revolutionary concept for healthcare industry and more dentists are getting attracted towards it as they are understanding it’s value for long term hold and it is also expected that the time people will start getting good return they will move into it for long term. It is the only way through the establishment of smart contracts directly between patients and dentists and it contributed in dental by removing the need for patients to pay high premiums to insurance companies.
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