Bamboo: Blockchain Based Application to Transform the Healthcare Sector
Healthcare differs vastly on the global scale. Some countries have state sponsored healthcare, others privatized, some hybrid, and still others have little access to care. These variations prove that healthcare is complex, especially when delivered to massive populations.
This complexity has only been accentuated in the digital era, as the healthcare industry works to translate old processes into digital systems, all while trying to deliver a high quality of care.
The challenges that have arisen from this transition, along with inefficiencies in various healthcare systems, have given rise to a host of technology startups that hope to use blockchain to solve some of the industry’s greatest shortcomings.
One of such startups is, Bamboo.io. This company hopes that distributed ledger technologies (DLTs) are the answer to healthcare problems. They are also ambitiously designing cryptocurrencies designed to change the way we transact with care providers. Read on to learn how Bamboo is utilizing blockchain for healthcare solutions on this article.
Bamboo.io Blockchain in Healthcare
Bamboo is an application aiming to drive insurance accessibility by galvanizing contributing specialists on a massive blockchain ecosystem with Artificial Intelligence and Machine Learning embedded technology, delivering versatile & borderless transformative healthcare with the aim to eradicate the health protection gap.
Bamboo application holds up an innovation process bridging, literally everyone, and helping the whole ecosystem to perform better in the challenging environment of today’s life with no shortcomings. The use of blockchain technology aims to store relevant inputs, build more modules for Al fraud detection, image processing, prescriptions. and reports.
The Bamboo application is built on three principles:
- Prevention is better than a cure.
- Consumers can be empowered to stay healthy through knowledge and incentives.
- Intelligent consumer products can serve everyone, regardless of income.
Here is why the bamboo application offers several 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.
As an implementation, the Bamboo application will be featured as follow:
- A mobile app for consumers to take ownership of their healthcare data and wellness options
- Smart-contract backed insurance on the Ethereum blockchain to prevent fraud
- Partnerships with healthcare providers
- Development of health screenings via smart devices
- Support for food inspectors
Currently the project is focusing on the ASEAN market. The Bamboo developers found that the ASEAN healthcare sector were facing numerous shortcomings, including: Food Risk, Fraud, and Inefficiency.
The BBO Token
In order to ensure the effective functioning of the BAMBOO platform and the convenience of users, the team created a unique service token called BBO. TheBBO tokens will play as a medium of transaction and purchase of services available on Bamboo application. The token itself is developed on the basis of the Ethereum blockchain and is a representative of the standard ERC-20 token. A total supply of BBO tokens of 1 billion units will be issued. Half of which will be allocated for sale.
What is unique about this token:
- User investments are fully protected from fraud and theft.
- A one-time bonus of 5% of the accumulated profit for the first 5 years will be paid to all investors for loyalty.
- Early investors will receive passive income in the amount of 15% of the annual profit declared as dividends.
BBO Token and Funds Raised Allocation
For more detail about Bamboo project, kindly visit these following links:
- WEBSITE: http://tokensale.thebamboo.io/
- TELEGRAM: https://t.me/thebambooio
- BITCOINTALK ANN: https://bitcointalk.org/index.php?topic=5171420.msg52032907#msg52032907
- FACEBOOK: https://www.facebook.com/thebamboo.io/
- TWITTER: https://twitter.com/_thebamboo_io
- LINKEDIN: https://www.linkedin.com/company/thebamboo/
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