Bamboo: Bridging the insurance and unfairness gap using blockchain technology

Good morning brother en 'sister !! This morning is very bright ... And according to my promise last night, I will continue the discussion about this very promising company ... Enjoy the discussion of my article !!!

Bamboo is a platform that leverages a business/vendor partner model propel wellness through data analytics. The platform allows the bamboo model 1.0 to be launched for the insured user under bamboo insurers. It is meant to benefit everyone including consumers, insurers, hospitals, etc.

The bamboo ecosystem shows constant engagement between the insurer and the policyholder from which both parties benefit through the sharing of ideas for the betterment of society. Eventually, Bamboo will reduce the health protection gap and increase protection coverage throughout the community. Insurance plays a huge role in closing the protection gap by providing financial resources in instances of unexpected medical expenses and building a foundation of resilience.

The bamboo platform offers a number of merits like eliminating falsehoods, managing the rising cost of healthcare, preventing disease, getting rid of unethical food and drink labels and empowering consumers to take back control of their health. The platform focuses on the early diagnosis and effective treatment of chronic illnesses such as diabetes and hypertension.

The bamboo wellness ecosystem focuses on these factors:

• Enabling alternative and cheap insurance accessibility methods.
• Improving accessibility of data, reliability, and transparency using blockchain-based immutable databases. The local insurers are then able to create highly flexible and affordable insurance policies based on very high-quality data.
• Getting rid of legacy structures that have been barriers to delivery of smart healthcare and instead of replacing them with up-to-date technological solutions that utilize top-notch technologies including IoT and blockchain.

THE HOLISTIC MODEL TO NARROW THE HEALTH PROTECTION GAP VIA THE BAMBOO ECOSYSTEM.
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• Bamboo will improve the healthcare mechanism through self-managing users using their own personal health records and also by controlling their health by encouraging them to eat healthy foods. Bamboo will also reduce insurance premium through tracking vitals and also sharing data with clinics and hospitals will help them provide better services and diagnostics that will reduce effort and time used in treatment.

• Bamboo creates a caring and compassionate society by promoting the importance for any healthcare system of the future to have it prioritize equal and fair access regardless of anyone’s social standing by adopting a variety of funding mechanisms that are suitable.

• Bamboo will communicate how the consumer’s food is produced and processed, boosting the consumer’s confidence, trust, and understanding of farming practices or certain food groups and ingredients

• It will provide a platform where the healthcare industry, healthcare insurer and consumer(patient) can all share insights and endorse new laws and standard operating procedure with the main aim of benefiting the consumer. The platform will operate on blockchain technology thus there is assured transparency and a reduction in the workload in terms of processing and assessing claims, servicing and transfer of health records throughout the ecosystem.
• Bamboo will empower people by giving entire control to users through the application, smart wearables and IoT devices which will change the user’s view on new ideas and concerns on matters related to health.

• Bamboo has a vision for a better future by following the rise of megatrends and moving forward with innovative products. More importantly, bamboo captures better market penetration.
Bamboo is your best solution as:

• It operates a network of partners and specialists who contribute to the sharing of resources and lead to the provision of holistic and affordable insurance products, provision of wellness awareness and healthy food. Working with a multi-layer of stakeholders within the ecosystem using a tokenization platform allows these contributing specialists to offer their services and products at a lower cost enabling better market distribution.

• Survey has shown that newer generation consumers trust technological advancement and therefore Bamboo is using blockchain technology that offers the necessary agility and transparency that is vital in the insurance business.

• Bamboo provides quality and appeal of the insurance product to the market based on quality and affordability through adapting digital technology and running a trustworthy system.

The Bamboo application will have these features:

Tokens that will be rewarded to users for reaching certain targets.

Token acquisition incentives through gamification.

An encyclopedia on the recent and latest information on food and health advancements and also medical terminologies. The app also has an open-source database with variable data collected and shared on the ecosystem and the hall of fame of users with the highest achievements.

An activity planner and gym, clinic and dietician locators and promotions.

An entertainment blog where tokens can be used to buy music or movies from Netflix and Spotify.

A client bot or chatbot where questions are answered and notifications and updates are posted from the wellness ecosystem and also Bamboo’s progress.

Whistleblowing potentiality for food tainting and medical malpractice.

Real-time reports that are GPS enabled.

A link to the local authorities.

A multiplatform chat community.

Tokens on the bamboo ecosystem can be used for discounts for premium payments, retail shopping on the ecosystem, trading on the system’s listed exchanges, discounts in fitness centers within the ecosystem and bulk token purchases by the ecosystem partners to distribute to their customer base.

CONCLUSION.
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Widening of the health gap has been witnessed over decades and it about time the industry stakeholders take a leap into the new digital era. The health sector is faced with a massive number of challenges whose implications reach far, affecting all aspects of both the society and economy. The challenge of affordable and sustainable healthcare is common emerging and developed economies.

This ecosystem, however, looks to enable better healthcare and lifestyle management. Bamboo’s main aim is to redefine conventional healthcare business models and find new pathways. It will instill new solutions to consumers and encourage the whole industry to change its perspective on how business is being currently conducted.

Consumers will have a voice and become more engaged and discerning, wielding new tools and sharing information to build a caring and compassionate healthy community. Using a blockchain-enabled platform, Bamboo platform participants will be empowered to be in charge of their own self-care with the reassurance that their ownable and sharable health data is secured within their own control. Being able to maintain exceptional health and at the same time conserving the environment feels even more real and purpose-driven.Cheers to great health!

Website: http://tokensale.thebamboo.io/
Whitepaper: http://tokensale.thebamboo.io/
Facebook: https://www.facebook.com/thebamboo.io/
Twitter: https://twitter.com/_thebamboo_io
Telegram: https://t.me/thebambooio
Linkedin: https://www.linkedin.com/company/thebamboo/

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