Foreign Affairs April 25, 2018
According to the American Dental Association, the average American pays $544 in out-of-pocket expenses annually for dental care. It turns out that the vast majority of dental expenses (90%) can be avoided with tri-annual checkups, regular cleanings and improved diet. However, 80% of the world’s population cannot afford good dental care and dentists have economic incentives to provide short-term procedures rather than promoting long term care reduction strategies.
To solve this problem, Philipp Grenzebach co-founded Dentacoin, an Ethereum blockchain-based cryptocurrency that provides the foundation for “the world’s largest blockchain health network.” In this system, the patient pays a small monthly fee to Dentacoin, and in exchange receives ongoing health and treatment “free of charge” from a participating dentist, while the...
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