Press releases
WELL Telemedicine Project Cures from Crypto Neurosis to Achieve Hard Cap
Bitcoinist | Feb 13, 2018 | 10:30
The usual mornings for cryptocurrency traders have been starting out on-edge lately. Rate exchanges for crypto have been going up and down sporadically and no one can predict it’s path. The wheel of neurosis untwists with every piece of news about whales going to a certain cryptocurrency or another; just one glance at Markets List can make somebody insane. Until getting into crypto becomes as routine as going to the mall, each of us has to hold in their nerves by ourselves or try to get some help.
“It’s insane!” – the most common definition of what is happening in the cryptocurrency market. The psychological state of traders is on the brink of falling. Psychologists and psychotherapists could provide the necessary support for distracted “bitlievers”. But what about the confidentiality of the visit? Would you feel secure in a one-on-one visit with your doctor? When it comes to large transactions in the state of the uncertain legal field, I consider you would not.
In a classical practice, client-therapist confidentiality has a lot of breaches. Imagine that the psychotherapist who treats you has a different understanding of medical secrecy. Once you are in a bad mood, blowing off some steam by verbalizing your negative thoughts, it can turn into a precedent for an informational leak. Consultancies performing to regulate rather than to actually do the therapy were common practice in history (you will find cases of patient privacy violation here: https://www.propublica.org/series/patient-privacy). On the other hand, psychotherapists or other counselors could easily be scapegoated for their client’s actions.
The most popular question on chats of ICO projects that repeats again and again is: Is it moon or not? Or, why will it [token] go high? To be fair, nobody worries, when the only aim of token contribution is the welfare of speculators. But what if the token you hold involves widespread usage in everyday life?
After trying telemedicine practice once, most of the doctors want to proceed. Psychotherapists realized that for effective communication with patients, they do not need to install a $10 000 couch in the office. Endocrinologists could provide better care when reading patients’ medical records more attentively. Those are some of the advantages of telehealth. But there are the usual disadvantages as well:
- Payment reimbursement for provided services
- Difficulties with collecting verified medical records
- Fears that telemedicine platform will be hacked with all of the data
- Hackers or a service provider will record the process of consultation for own purposes.
All of these illnesses can be healed with a blockchain injection. Let’s consider a blockchain relevance in the healthcare industry with the example of WELL – a decentralized healthcare marketplace, being developed on the basis of the most popular telemedicine platform in Southern California.
When we speak about payment for healthcare, there are 2 problems: difficulties with cross-border transactions and high price. Using WELL tokens, a user can send and receive payment in minutes. No more middle man who gets nearly 30% of the cost due to Ethereum-based transactions. Another challenging issue is also related to the process of payment. Once a patient has treatment, both sides will be referred according to the smart contract principle.
Blockchain technology makes EHR storage even more secure than if it’s placed on a hard-drive somewhere in the Swiss mountains. For more use cases of token usage, click here.
Nobody knows how long the cryptocurrencies hysterics will endure. Furthermore, crypto investors are still very dependent on bumping perspective. These facts increase rates of depression and other diseases like OCD (obsessive cryptocurrency disorder), an illness that is specific to cryptocurrency enthusiasts.
Speaking of the healthier way of fighting bewilderment, digital healthcare provides a lot of wellness dedicated platforms, devices and apps. The Fruit Street app, for example, helps monitor dangerous conditions those suffering from diabetes, or AliveCor – a smartphone-connected device that measures electrocardiogram rhymes. But there is no single, central application or website where the crypto consumer can get appropriate medical care wherever he is, as a resident or as a traveler.
Where doctors can manage their own practice paperless, spending more time figuring out what is the most efficient way of treatment for their patients. Where patients cannot only pay but also earn money, just by providing de-identified data to researchers. Where there are no breaches of securities and worries of hackers stealing information. Some of these features exist separately, but not in one single application.
Let’s come back to the doctors. The first reports that such a clinic or a doctor began to work for cryptocurrency as payment sounded in 2013. In 2018, the medical community is even more actively involved in the world of crypto, and this means that the tokenization of medicine is just around the corner- including the pharmaceutical industry, distributors of medical equipment and scientific laboratories.
You still have time to take your place amongst conscious patients, providers, and supporters of WELL at https://t.me/joinwell.
Images courtesy of WELL
