How BAMBOO is Transforming Health Insurance Sector

Good relationship between blockchain and the health sector has just been completely recorded, yet something that is gotten less consideration is the role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion out of 2017 in the United States alone, while computations concluded that as much as $375 billion is squandered each year by American insurance agencies because of the paperwork and outdated system that involves having a multi-payer health care service. There is a huge opportunity for blockchain-related organizations and platforms to not just claim a cut of the health insurance pie for themselves, yet to make this pie greater by eliminating inheritance costs.

Given this chance, it's not amazing that many organizations are hoping to bring blockchain-based innovation to the health insurance sector. Many service providers were hoping to digitize health care insurance before they at any point knew about blockchain, yet it's likewise certain that blockchain tech will introduces some benefits to the health insurance sector. From streamlining claims processes to ensuring transparency and enabling provider interoperability, blockchains are seriously sought by new companies and established organization as a tools for driving the industry forward, with a lot of the market leaders in health insurance already staking their futures on the new technology.

WHAT IS BAMBOO?
Bamboo is a blockchain community developed for the health sector where they will develop a multifunctional platform that integrate different technologies, for example, Blockchain, Artificial Intelligence and IoT to give full control of health information and offer insurance recommendations to its clients and furthermore at the same time give incentives to its clients. With a multifunctional platform that utilizes different technologies, this will create a platform that offers transparency and security. As we realize that the health sector is entirely susceptible to various frauds, so they attempt to transform everything by using blockchain.

Bamboo platform was developed on blockchain, by using smart contracts on the ethereum blockchain to make different integration processes simpler and productive. As a platform that has different features, for example, food inspection, health check, and so forth this will give clients full control over their health information.

WHY BAMBOO?
Underdeveloped and developing nations are faced with several health problems, these issues are particularly observable in developing nations and Asian countries. For instance, most non-communicable diseases are very common in Asian underdeveloped and developing nations.

BAMBOO took the job upon itself to evaluate the issue carefully, analyzed the issues and recommends the most preferred solutions for those problems by collaborating with the relevant stakeholders.

WHY BAMBOO IS SO IMPORTANT?
• Bamboo has make health insurance available for all their members

• Bamboo aim to provide a reliable, fair and immutable database based on blockchain that will facilitate insurers to make excellent policies drafted from functional system.

• Furthermore, development of a strong Bamboo ecosystem made up of healthcare providers, health insurers, all services providers and users of the platform.

• Bamboo platform will no doubt eradicate obsolete and inefficient healthcare and health insurance structure from the system.

TOKEN
In reality, for Bamboo project to strive, it needs to create its own internal token. BBO is Bamboo ecosystem system token, it service as a medium of exchange and payment of all services within the ecosystem. BBO was developed on Ethereum blockchain, ERC-20 standard with total supply of 1 billion BBO.

CONCLUSION
In any case, for the fact that couples of health insurers are already in the field rendering the same or similar services aren’t doing anything, what makes Bamboo project different is that, Bamboo is leveraging on blockchain and partnering major stakeholders in the health insurance industry as well as the healthcare sector to provides the best possible service for the citizenry of Asian developing countries.

Useful links to the project
Website: http://tokensale.thebamboo.io/
White Paper: http://tokensale.thebamboo.io/
Twitter: https://twitter.com/_thebamboo_io
Facebook: https: //www.facebook. com / thebamboo.io /
Telegram: https://t.me/thebambooio
ANN Thread: https://bitcointalk.org/index.php?topic=5171420.msg52032907#msg52032907
YouTube: https: // www. youtube.com/channel/UCRwiPq3T0ekHQ-8LlsR0kWg/featured
LinkedIn: https://www.linkedin.com/company/thebamboo/
Instagram: https://www.instagram.com/thebamboo.io//@thebamboo

Author:
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
Eth Address: 0xf8c20030A71708E73D58Ab3900629F17B8875da5