BAMBOO - Revolutionizing the Healthcare Sector

INTRODUCTION TO REFLECT ON

With the advent of Blockchain, the way we conduct businesses has been redefined.
Significantly reducing our dependence on centralized approving authorities, Blockchain has emerged as a disruptive technology that has helped in easing business process by establishing a unique level of trust, accountability and transparency.

The possibilities and application of Blockchain in various industries are limitless, in this series we showcase the various industries that would benefit from the inclusion of Blockchain technology.

HEALTHCARE

The objective of a technology to transform an industry lies in its ability to address the burgeoning problems with solutions that are both viable and feasible.

Coming to the Health Care industry, it is a massive sector both in terms of size and the population it serves.

Health care can certainly be expensive.

According the statistics from the world bank,

health care accounts for almost 10% of GDP spending across the world.

While the healthcare industry is challenged by dynamic factors such as a rapidly increasing population, ageing patients, rise of chronic diseases and keeping abreast with increasingly evolving technology, there are certain facets of the industry which would be better served if they are linked with Blockchain technology.

More Challenges And How Can They Be Addressed?

Healthcare services are closely tied with insurance companies, which cover the healthcare costs of patients. With growing population and increasing medical expenditure, it is critical to understand the legitimacy of these expenses with a focus on controlling costs and reducing misuse of the system.

Another import aspect to consider in Healthcare is the Billing Value Chain. The healthcare ecosystem is comprised of multiple entities which form its interlinked billing chain. Keeping track of a start to end chain that occurs during a single medical event with proper documentation, flows and management to adhere to proper protocols can be strenuous and challenging.

And one important area that concerns most industries is the matter of Security. From managing confidential patient files to staving off fraudsters and scammers, the healthcare industry unfortunately notches up high operating costs owing to security breaches.

BAMBOO PLATFORM

This revolutionary blockchain, IoT and AI-based platform empowers ASEAN citizens to take control of their health. From the food supply chain to personal health data, we want you to feel better and live longer! We all want to.

The Bamboo platform leverages a business/vendor partner model propel wellness through data analytics. The platform allows the bamboo model 1.0 to be launched for the insured user under bamboo insurers. It is meant to benefit everyone including consumers, insurers, hospitals, etc.
The bamboo ecosystem shows constant engagement between the insurer and the policyholder from which both parties benefit through the sharing of ideas for the betterment of society. Eventually, Bamboo will reduce the health protection gap and increase protection coverage throughout the community. Insurance plays a huge role in closing the protection gap by providing financial resources in instances of unexpected medical expenses and building a foundation of resilience.

The bamboo platform offers a number of merits like eliminating falsehoods, managing the rising cost of healthcare, preventing disease, getting rid of unethical food and drink labels and empowering consumers to take back control of their health. The platform focuses on the early diagnosis and effective treatment of chronic illnesses such as diabetes and hypertension.

BAMBOO IS BUILT ON THREE PRINCIPLES

• Prevention is better than a cure.
• Consumers can be empowered to stay healthy through knowledge and incentives.
• Intelligent consumer products can serve everyone, regardless of income.

Bamboo is making life easier for people; with their ideology, you can be able to get all healthcare data without visiting any healthcare centres or medical doctors. Therefore, Bamboo will design a decentralized application that will contain all the necessary medical information that will enhance them to manage their healthcare data.

Other healthcare centres proves to be quite expensive; but Bamboo is a hope for common man as their application will be able to conduct test screening in a cheap price.

Considering security Bamboo is implementing smart contracts to eliminate intermediary and encourage secured and swift transaction.

BBO Token

BBO is a native token issued by them to be used on the Bamboo platform, where this token will act as the main currency "tool" for various transaction processes found on their platform, for example, such as paying for services contained on their platform. This token will use Blockchain technology, that Ethereum smart contracts (ERC-20) where it meets various criteria needed for various transaction processes that available on their platforms. The holders also get a variety of benefits when holding this token such as getting discounts when shopping at the retail shop in the ecosystem, discounts on payment for services or goods in the ecosystem and also get dividends from the profits earned by this platform.

Token Details

Token Name: Bamboo
Token Symbol: BBO
Platform: Ethereum
Total BBO Supply : 1 BILLION
Soft Cap : $2 M
Hard Cap : $10 M
Accepted Currency : Bitcoin, Ethereum, USD and other top Regional Currencies

The BBO Token will be based on ERC-20 and there are some details you need to know, the total supply is 1,000,000,000 BBO and the price range is around $ 0.04 - $ 0.20 (Depending on phase) with Softcap around $ 2,000,000 and a Hardcap of $ 10,000,000 which is very reasonable to start initial development and various partnerships. For the distribution of tokens and the allocation of funds you can see below.

Token allocation and Use of funds

CONCLUSIVELY, Blockchain technology can vastly benefit the Healthcare business by enabling them to minimize costs in several areas without compromising on the security capabilities of business transactions.

BAMBOO has built a multifunctional platform that allows users to get a different experience when they deal with their health data. By focusing on the Asean market for now.

Every industry needs to keep themselves linked with the latest developments at the risk of becoming outdated, and Blockchain based transactions will allow the Healthcare industry to imbibe a system of transparency, authenticity and innovation that will foster growth and advancement of the industry as a whole. All these is what BAMBOO is built on. A revolutionary platform they will revolutionize the healtcare industry.

ROADMAP

FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;

Website: http://tokensale.thebamboo.io/
WhitePaper: http://tokensale.thebamboo.io/
ANN Thread: https://bitcointalk.org/index.php?topic=5171420.msg52032907#msg52032907
YouTube: https://www.youtube.com/channel/UCRwiPq3T0ekHQ-8LlsR0kWg/featured
LinkedIn: https://www.linkedin.com/company/thebamboo/
Instagram: https://www.instagram.com/thebamboo.io//@thebamboo
Twitter: https://twitter.com/_thebamboo_io
Facebook: https://www.facebook.com/thebamboo.io/
Telegram: https://t.me/thebambooio

Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409