Pay for telemedicine with a cryptocurrency

Mankind is on the verge of very big changes that touch all aspects of people’s life, including health care.

Soon people will no longer need to personally visit medical centers for medical consultations, but there will be an opportunity to sit at home and to choose some nice medical professional from the list that includes all specialists of the world and then get advice from him or her over the Internet at a convenient time.

Our DocCoin company is creating for you ‘DocCoin Telemedicine Ecosystem’ with the use of blockchain technologies.

‘Telemedicine’ is, in short, ‘healthcare via the Internet’.
‘Blockchain technology’ is a technology that uses computer networks to replace middlemen, people and companies, with an intermediary program distributed over (‘smeared all over’) a computer network.

‘DocCoin Telemedicine Ecosystem’ is created in such a way that medical institutions and medical consultant and their clients can do without intermediary bankers and intermediary lawyers.

In order not to use lawyers’ services, our company uses smart contracts. A smart contract is basically a contract recorded as a program on a computer network. Here we are talking about a contract for remuneration for medical services, and we mean a remuneration in advance and an arbitration of the dispute in the case of client’s complaints about the quality of the services after completion of the consultation. Thus, a balance of interests between the parties is ensured.

In order not to use bankers’ services the DocCoin (DOC) cryptocurrency token is used inside the DocCoin ecosystem. Our company negotiates with medical consultants to encourage them to accept our tokens.

A ‘cryptocurrency token’ is a type of cryptocurrency for some specific, rather narrow goal issued by a certain company, while ‘cryptocurrency coin’ (‘just simple cryptocurrency’) is similar to a conventional currency, although the cryptocurrency coin is not issued by a centralized state, but by a decentralized, voluntary, spontaneous community of users of a computer network.

The very first and the most popular cryptocurrency, Bitcoin (BTC), has now the total market capitalization of more than $100 billion, although in 2016 it was about $10 billion.
The most popular token with the total market capitalization of about $50 billion is Ethereum (ETH), or ‘Ether’, which was created for a special purpose: to serve as the basis for the release of other tokens. ‘Ether’ is so popular and promising that it is being mined even by Google’s co-founder.

Our DocCoin (DOC) cryptocurrency token is released on the basis of this ‘Ether’ token with a rather narrow purpose: just for use in ‘telemedicine’.

Not having cryptocurrency option telemedicine participants are forced to use banking services, and this brings clients all things related to bureaucracy:

red tape (slowness),
bribes and kickbacks (extortionate commission),
bungling and botching (human mess),
the powerlessness of the client (“a small man”) in front of a huge and soulless anonymous bureaucratic machine (banks set rules that are convenient for them, and not for people, for example, banks require people to disclose to them all personal information).

The rejection of middlemen banking services allows clients to avoid the ‘pleasures’ of bureaucracy, and, as a result, ‘direct’ remuneration for medical services by customers becomes

fast, because there will be no delays of the middleman,
low, as no extortionate commissions of the middleman,
more reliable, as no human errors of the middleman,
processed according to the rules that are convenient for customers, not for middlemen, for example: without disclosing personal information (i.e. with anonymity).

The anonymity of treatment, by the way, is very important for clients with certain diseases (venereal ones, for instance, sorry to mention). Using cryptocurrency makes anonymity easily available, while using banks makes anonymity of payment and, hence, the anonymity of treatment very difficult to achieve. Payment by bank card, for example, immediately reveals the identity of the paying person.

Let us remind you the main benefits of telemedicine for clients:

quick access to medical consultants at any time of the day and night 24/7 from anywhere in the world where there is the Internet, and one day this possibility can save your life,
if necessary, constant remote monitoring of client’s health conditions.

To all the advantages of telemedicine, the use of the DocCoin (DOC) token adds remuneration convenience and the possibility of anonymity during treatment.

In other words, the ‘DocCoin Telemedicine Ecosystem’ provides telemedicine clients with new important conveniences.