Every new cryptocurrency wants to be the next Bitcoin, just like every new startup wants to be Google. With new digital coins being added to the market almost daily, it seems like the odds of finding a unicorn in the digital marketplace are increasing. No one could have predicted that Bitcoin would have taken off the way it did – not even the people who bought it back in 2008 – 2009. But it took the world by storm and digital coin companies have been chasing Bitcoin’s tail ever since. One new project, Dentacoin, could be the unicorn we’ve all been waiting for, and here’s why.
Reframing the Dental Industry
For a long time, there has been a great deal of innovation in a number of industries. New businesses have been increasing their focus on the more traditional types of business: farming, fishing, mining, construction, and education. There are also a large number of organizations working to improve the health care systems all over the world. But Dentacoin has chosen to work in the dental industry, a highly fragmented, kind of decentralized industry and is focusing on creating a new way of implementing Blockchain efficiencies in providing high quality dental care, trustworthy feedback, and bring people’s opinions into to the industry on a global scale. They aim of the project is to hold a mirror in front of the dental practices to help them improve their products, services, and client experience through incentive-based survey and feedback systems, which provide transparent and valuable information to dentists.
Potential in the Market
Dentacoin has an advantage due to the unique niche market of the dental industry. Where others claim to be adding value and interest to industries such as gaming, mobile data, and cloud computing, they all have the same problem: they are servicing industries with many players. The dental industry however, has all been forgotten about in the world’s quest to increase access to health care, immunizations, proper nutrition and healthy food, access to clean water, and other basic necessities. Dentacoin is stepping in to create a surge of interest from the public because it gives power to change the industry directly to the people. This unique value proposition is exactly the same kind of value prop that Bitcoin had back in 2009 – and it didn’t even know it until it blew up and the world sat back and watched in amazement.
Disrupting a Quiet Industry
While many new projects focus on becoming disruptive and want to be known as disruptive, Dentacoin is disruptive simply by existing. Dental clinics in Europe already accept Dentacoin as means of payment. The first tool of the company (The Trusted Review Platform) is operating for a mere 3 weeks and already has over 1400 registrations. Many internation exchange platforms already trade Dentacoin, even before ICO. Dentacoin doesn’t have to force the disruptive nature of its coin offerings – the dental industry has never seen anything like this. And it’s likely to make people stand up and pay attention to how the dental industry can shift as a result of the introduction of Dentacoin earlier this year. The same thing happened with Bitcoin: it provided a new way of interacting with money and some people liked it, and some people didn’t, but in the end, it was the first digital coin to shift the market in such a way that it changed the way people thought about currency overall.
Dentacoin is launching ICO on October 1st , when the token will be offered at a very low initial price, which makes it affordable to everyone. The world will be watching as the face of the dental industry starts to change for the better.