The root problems in healthcare revolve around one common denominator — money. Insurance companies take money from patients and give to doctors based on certain conditions. These entities are in place because they’re moving “dumb” money around. This negative description is only meant to imply that traditional money does nothing on its own. Numerous intermediaries are needed for it to exchange hands.
Now, we’re entering the age of smart, programmable money made possible by the invention of blockchain technology. With this invention, we can be smart about our healthcare transactions and code much of insurance’s role into the money itself, eliminating intermediaries that don’t provide value.
This technology is a paradigm shifter, that’s for sure. Especially with how we’re using it. The following four crypto assets will be used throughout our ecosystem along with traditional USD.