Teledactyl Blockchain, LLC is officially open for business. The health tech blockchain and cryptocurrency company launched its initial coin offering (ICO) at the 116th Annual National Medical Association Convention on August 11th. Co-founders Alan E. Bottorff and Dr. Seth Crapp joined forces with a group of experts to create a unique blockchain platform that securely stores medical records and correspondences between patients and physicians through encrypted transmissions. The technology also incorporates the teledactyl token (TDCL), a digital asset that allows patients to pay physicians directly for medical services either as a complement to or in place of insurance.
“There is a major problem in healthcare where physicians are not able to take direct payment many times because of the complications of going through insurance and third-party payers,” Dr. Seth Crapp says. “So what we wanted to do was offer doctors and patients the opportunity to restore the provider-patient relationship.” Optimizing the patient-physician relationship is the foundation of the Teledactyl mission statement. Other components of the company’s mission include: increased patient privacy and data security, provision of new payment options for millions of uninsured patients and the integration and advancement of healthcare technology ecosystems.
Teledactyl is a compatible blockchain and healthcare ecosystem that allows for the creation of additional mobile or web-based applications or decentralized applications (dApps) to be used on the blockchain network. Dr. Crapp says, “The Teledactyl ecosystem includes applications, telemedicine and the blockchain itself with patient records and a financial component in the teledactyl token. The teledactyl token holds value that comes from use and can be exchanged and traded on the blockchain as well.”
Teledactyl tokens can be purchased, traded and exchanged through the Waves platform mobile app which can be found on the iTunes App Store or Google Play store or downloaded for PC at https://wavesplatform.com/get-waves. A quick, four-step instructional video is available on the company’s website for assistance with the process. Physicians who would opt-in to accept teledactyl tokens as a form of payment are also being recruited nationwide.
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Source: Black News