What is Dentacoin (DCN)?
Dentacoin is the first Blockchain solution for the global dental industry. This is a unique business model, which uses the natural shape and state of the existing industry and introduces efficiencies on specific problems. Buy Dentacoin (DCN) India with BuyBitcoin.
How Does Dentacoin Work?
The Dentacoin economy will consist of several different parts – including a review platform, an insurance system, and a healthcare database all built on the blockchain.Initially, however, the Dentacoin economy will centre on reviews. Specifically, users access the Dentacoin Trusted Reviews Platform, which is the world’s first blockchain-based platform dedicated to trusted dental service reviews.
Patients can use this review system to provide honest reviews of their dental experience in exchange for Dentacoins. Dentists, on the other hand, will be able to access updated, accurate market research data on patient feedback.
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Dentacoin uses a smart contract system to ensure autonomy, trust, speed, and safety. Like other blockchain platforms, it’s impossible to manipulate or change the data in the Dentacoin Trusted Reviews Platform. Patients can then use their Dentacoins to pay for services at partnered dentists and clinics. Or, patients may choose to keep Dentacoins as an investment.
The ultimate goal of the system is to improve dental care worldwide. Dentists can access the Dentacoins platform to see where they can improve – or what they’re doing right. Dentacoin is setup to be used by dentists all over the world.
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How Does Dentacoin Work?
To understand how Dentacoin works, it helps to understand the concept of smart contracts. The projects whitepaper also gives a good explanation of smart contracts, describing them as “computer protocols in the Ethereum blockchain that facilitate, verify, negotiate and conclude contracts between individuals and their contracting party.”
This may sound complicated to those not in the tech industry or new to cryptocurrency, but a simple way to think of the DCN smart contract is to relate it to the processing of a check. Someone writes a specific amount on the check with their name and signature, the check is then delivered to the bank who “clears” it, and the intended receiver is given the money. Only if all these conditions are met can the transaction be successful.
As with DCN smart contracts, a string of events must take place and obligations filled (such as a completion of a service) before DCN’s can be transferred. Yet, you don’t need a bank or middleman to verify that obligations are met.
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Moreover, users can send or request DCN tokens to any Ethereum based wallet. Both parties taking part in DCN transfers will be able to view their transaction history on the ledger with complete transparency as well as view account balances in the contracts continually updated state.
Dentacoin aims to improve the dental industry worldwide by creating a Dentacoin (DCN) ecosystem. Each DCN token gives holders a share of the Dentacoin Foundation. Dentists can give patients DCN tokens in exchange for their reviews. Patients can then spend these tokens on dental services, or hold onto Dentacoins as an investment.
Buy Dentacoin (DCN) India
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