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Dentacoin (DCN) Introducing Blockchain to Dental Industry

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Dentacoin
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Dentacoin (DCN) was introduced to the cryptocurrency market in August 2017 and has since then climbed to the 57th position on the crypto coin rankings list of coinmarketcap.com. DCN has had a major rise of 50.51% (at the time of writing) since yesterday and the price shows nearly $0.001280 USD. The market cap of the crypto coin is above $416 million USD and the volume (24h) shows $4.85 million USD approximately. (As of 10th May 2018)

A little on Dentacoin (DCN)

Dentacoin is the first blockchain that aims to make the dental industry all over the world affordable by developing distributed ledger technology or DLT. The Dentacoin blockchain follows the decentralized, smart contract protocol of the Ethereum blockchain. It is also used to reward the patients, service providers through a system that encourages them to contribute towards the community. As stated in the white paper of Dentacoin, “Dentacoin chooses to reward those who contribute to trusted reviews, dental practice registrations and valuable feedback content for the industry. “The rewards are directly connected to the level of participation.” Those who participate will have the opportunity to buy DCN directly from the Dentacoin network and trade the coins. The main objective of Dentacoin is to provide quality dental care to at least 80% of the populous at a much lower rate.

The network plans to do so by eliminating the need of middlemen like insurance companies and handing over authority directly into the patient and doctor’s hands. This is an effective way of reducing the costs. The way to do this is to develop smart contracts directly between the dentists and the patients. This includes small monthly contributions to the dentists in DCN. The patients’ well-being has been prioritized here and this smart contract solution will provide proper dental care to the patients, eliminating the need to deposit high premiums to insurance companies. The patients can also earn rewards by writing “trusted reviews”. There is also the option of writing standard reviews where anyone can write them. To make sure that it is in truth a trusted review, the partner dentist will take the email address of the patient in the medical office before the treatment starts and a review request will be sent to the given email id. The patient will be able to access and post on reviews.dentacoin.com only through the provided link.

Properties of Dentacoin:

Dentacoin is a blend of logistics platform and financial tech tool. There is no intention of the team to make the Dentacoin token a medium for global payments, unlike other peer to peer decentralized altcoins. Thus, it has often been observed as a non-competitive crypto coin that simply focuses on developing the global dental industry by incorporating blockchain technology.

  • Trusted and Standard review platform: The standard reviews section allows anyone to post a review but the trusted review section is only for the patients who have been treated by a dentist through this platform. The patient reviews are published in an unbiased way such the potential clients can get a true opinion of the platform and the services. The patients who have written reviews will be awarded DCN that they can use as a form of payment in their next visit.
  • DentaVox opinion platform: According to the official website of Dentacoin, DentaVox is “A WebApp for collective customer wisdom, which serves as an up-to-date market research data through questionnaires and rewards.” This is beneficial for the media, the manufacturers, the suppliers and the dentists.
  • Healthcare database: The Dentacoin network ensures a secure platform for data exchange and storage of medical records. The medical records can be accessed by the dentists only and by the patients who have been given exclusive permission to their own medical records.
  • Dentacare mobile app: This objective of this app is to “form long-lasting dental care habits through an intensive 3-month program in an engaging gamified environment.” (white paper) The app contains tutorials and has features like notifications, reminders and voice navigation that will the people to maintain their dental hygiene and build healthy habits. It also has an emergency function that enables the users to get immediate advice from the dental specialists registered on the Dentacoin network. The app is immensely beneficial for children and their parents can help them develop healthy habits through the Dentacare mobile app.
  • Dental assurance concept: Dentacoin shares its feedback platform with other value-creating solutions focused on dental care such that the solution reaches all the corners of the world. The dental insurance smart contract developed by the network will be active between the individual and their visiting dentist such to provide quality treatment at an affordable rate.

Recently, Changelly has listed Dentacoin (DCN) where DCN can be bought and exchanged with several other altcoins. According to Jeremias Grenzebach, co-founder and core developer at Dentacoin Foundation, this listing will open up many new opportunities for Dentacoin.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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