December 28th, 2018: Dentacoin Foundation is pleased to announce the launch of the long-awaited Dentacoin Assurance’s testnet.
Dentacoin Assurance entitles patients to lifelong, preventive dental care against affordable monthly premiums paid to dentists in Dentacoin (DCN) cryptocurrency. The relations are established through smart contracts directly between patients and dentists. The blockchain technology is intelligently applied to automate and secure the process, as well as to encourage both parties towards sustainable prevention instead of acute treatment.
This revolutionary model is a result of the joint efforts of 83 dentists, insurance specialists, general health professionals, developers, and dental marketing experts, along with 1022 other people who have been surveyed about different aspects of the concept.
Poor oral health caused by lack of prevention, insufficient oral hygiene habits and limited private insurance access are in the midst of the global health crisis.
Ninety percent of all dental costs per annum are spent on problems that are proven preventable through right nutrition, proper oral hygiene habits and regular dental check-ups. People lack both the knowledge and the motivation to take proper care of their teeth. Regular dental visits have not yet become a habit. The absence of comprehensive oral care exacts a toll on thousands of patients in terms of poor health and pain. One postponed dental visit costs multiple times more when finally done and is accompanied by more painful feelings. Moreover, oral health is intimately connected to general health and can be implicated in problems with the cardiovascular, gastrointestinal and nervous systems.
The regular public insurances in most countries cover only standard dental treatments, while simultaneously the private health insurances are unthinkably expensive for the low income groups. Plans often require hefty copays and no or very limited coverage for full implant-based restorations. For budget reasons, people without private health insurances are not only afraid to visit a dentist because of the possibly occurring costs but are also economically forced to accept low-quality dental restorations such as removable dentures.
“Even though it’s not associated with high costs and tedious administrative efforts, preventive dentistry is widely neglected across the world – even in the leading economies such as the US, the UK, Germany, etc.,” comments Daria Kerancheva, PR Expert & DentaVox Project Manager at Dentacoin Foundation. “I convince myself almost every day that a surprisingly big part of our users do not fully realize the tight connection between their dental and overall health. Dentacoin Assurance is meant to fill this knowledge gap though the close cooperation of dentists and patients focused on proper oral care, healthy lifestyle and increased personal responsibility,” she concludes.
Dentacoin Assurance entitles patients to lifelong, preventive dental care against affordable monthly premiums in Dentacoin (DCN) cryptocurrency.
Dentists receive regular monthly capitations, with the provision that all services will be provided to patients at no charge or at greatly reduced fees. The model brings the financial interests of both parties into complete alignment with no intermediates while shifting the focus from acute treatment to sustainable prevention and establishing strong, lasting bonds.
Let’s see how it works:
Dentacoin Foundation provides the contract, payment and notification infrastructure, sets the hard conditions in the contract (3 checkups per year/ teeth cleanings, Dentacare App use) and suggests average Assurance monthly rates. The Assurance premiums may vary between USD 2.5 and USD 50 in DCN depending on the country and the scope of services covered. For example, a monthly premium for General, Cosmetic, and Implant Dentistry services covered can be the equivalent of USD 50 in the USA, and the equivalent of USD 5 in India. Dentists and patients have their full autonomy to decide for mutually beneficial rates.
This Assurance program does not compete with other public and private health insurance plans. Dentists are free to decide which insurance / assurance programs to work with. They can either offer Dentacoin Assurance as a complementary plan which will cover/reduce their patients’ out-of-pocket costs or as a stand-alone plan in case other options are not available.
DENTACOIN ASSURANCE TESTNET:
Four different Smart Contracts are deployed for public audit while the alpha version of the website is being tested by a private group of patients and dentists.
“We have already deployed four alpha versions of the Assurance Smart Contract, ranging between a separate Smart Contract for each patient-dentist pair to one single contract hosting all dentists and patients in a single contract/ database. I would like to encourage all developers within the community to check the contracts on Github and give us feedback. In the middle of January we will also deploy a testing dApp allowing people to try the code in action on the Rinkeby test network,” shares Miroslav Nedelchev, Web & dApp Developer at Dentacoin.
The Dentacoin development team is simultaneously working with a closed group of patients and dentists on developing the Assurance website to its most functional and user-friendly version.
Dentacoin Assurance will be publicly presented in March 2019 during the 38th International Dental Show (IDS) in Cologne, Germany – the world’s leading dental business summit gathering together 2,300+ exhibitors from all corners of the world and 155,000+ guests from 157 countries.
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Dentacoin Foundation would like to express its sincere gratitude to all team members, advisors and community members that brought this game-changing model to life. The end of the “Sick Care” era is still a long way ahead but we are more determined than ever to reach it. One Dentacoin Assurance Contract at a time 🙂
Also published on Medium.