Why will Decentralized Healthcare outpace DeFi in the next decade?

Overview

The healthcare system has been facing tremendous challenges in the last decade. Governments and private sectors strive to balance these challenges and provide healthcare services to cover the continuous urgent need for medical care. A global pandemic and an increased demand for a standardized system to follow across the borders make it more necessary than ever to innovate technologies that provide solutions for these problems.

It all started well with Decentralized Finance.

Decentralized Finance is a system built on the public blockchain network to allow financial products to become available on a public decentralized blockchain network, making financial services and products available to anyone to use, with no restrictions and with significantly lower transaction fees.

How does DeFi progress so far?

Decentralized Finance is still in the early phase of its projected target, with $41 billion locked in DeFi contracts in different crypto tokens. The DeFi ecosystem is still developing in terms of capacity and security to have the establishment to receive more significant amounts of funds and higher numbers of users with effective risk management and top security.

How is Healthcare subject to the same concept with even higher potential?

Healthcare struggle from the same problems as Finance

In day-to-day life, people have to go through complex processes to get medical services, especially in the public sector. Countries with free medicare, such as Canada, are known to have the slowest processes for patients to receive services. To receive a medical consultation in an outpatient setting, you could see yourself waiting three months on average in specialties such as ENT and neurosurgery. These long waiting periods could significantly cause worsening in the case, besides discouraging patients from the follow-up to avoid the painful waiting list.

What gives Decentralized Healthcare such potential?

First, on the individual level.

1- Zero cost of entry.

For people to profit from Decentralized Healthcare, there is no barrier to entry.

2- Always a positive-sum (Continuous upside)

Because the actual investment is medical data, There is no risk of losing the value of the asset compared to DeFi, which is affected by the volatility of the crypto-assets. People can get profits every time the medical data is used or sold to another party in the B2B marketplace.

3- High predictability

The medical data sold at the DataXChange B2B marketplace is set at a pre-estimated price. This standardized pricing means medical data providers and patients will be able to predict profitability from each category of data collected and provided.

4- No asset risk

In contrast to DeFi, The assets (medical data) are not subject to volatility, can’t be liquidated, lost, hacked, or lose value. As long as the medical data is collected, curated, and structured in an optimal form by a medical data provider, it has a high intrinsic value with a solid market and inevitably profits.

Second, on the institutional level.

Decentralized Healthcare is based on BUILDING an ecosystem and CONNECTING all medical and pharmaceutical institutions together. To get more insights Aimedis services for healthcare institutions here is a map for the services/products and how it provides vital solutions for each institution.

Third, on the governmental level.

More tolerable and easier to adopt.

Decentralized Healthcare doesn’t rely on authority shifts to develop. It doesn’t plan to deauthorize health authorities, so it isn’t expected to face the same resistance DeFi faces with Financial authorities.

Conclusion

Why will Decentralized Healthcare outpace DeFi in the term of growth and adoption?

  • The fundamentals of Decentralized Healthcare focuses on building a solid ecosystem connecting all the parties of the medical field together and providing solutions to healthcare institutions, medical providers, contract research organizations and pharmaceutical companies, and other big institutional powers, helping them enhance their services and expand their
  • Decentralized Healthcare targets larger and more diverse users, from corporates to the Providing specific value for each one, which gives it a diversified source of mass adoption.
  • Decentralized Healthcare provides a predictable, very low cost of entry and significantly low-risk profit for an asset that is super under-utilized (medical data). Which doesn’t subject to volatility and preserves its value, making it inevitable for everyone to profit with high security and no barrier to entry.

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