The United Nations Office on Drugs and Crime (UNODC) has entered into a partnership with Doc.com, a blockchain based telemedicine and telepsychology company, to expand free basic healthcare services across Eastern Africa.
UNODC and Doc.com Launch a Blockchain Telemedicine Program in East Africa
Despite the overwhelmingly bearish market that has seen very little growth despite the year closing to an end, the technology underlying cryptocurrency has seen an incredible expansion. Blockchain has penetrated almost every industry in the past few years and has now set its first steps into medicine.
UNODC, the United Nations’ Office on Drugs and Crime, has entered into a partnership with Doc.com, a blockchain-powered telemedicine, and telepsychology company. The goal of the partnership is to promote and expand free basic healthcare service across Eastern Africa, the report stated.
A representative for UNODC’s Regional Office for Eastern Africa (ROEA), Amado Philip de Andres, confirmed the news in an official letter on December 20, 2018. De Andres wrote that the organization is willing to cooperate in a new partnership and that they are planning to introduce both of the company’s platforms to the region by the second quarter of 2019.
A blockchain-based telemedicine and telepsychology platform, Doc.com offers its users access to health care professionals and advice round the clock. Docademic, the company behind the platform, was founded in Mexico by former med students who patented the free basic medical health service method.
Tokenized Medical Care
Despite operating in 20 countries and having almost 130,000 customers using its telemedicine services, Doc.com is still not a household name. Data shown on the company’s website also showed that the doc.com “Emotions” telepsychology platform has amassed almost 70,000 users so far.
The company’s data and healthcare service is powered by the ERC20-compatible MTC token. MTC is currently open for trade on the Singapore-based Coinbene and Kucoin exchanges. Docademic launched the token as a means to motivate users to exchange their data for benefits provided by third parties.
Docademic’s ICO token economics were calculated based on the funds the company would need to expand into the U.S. and Europe, with the coin’s starting presale price going as low as 0.000035ETH.
And while telemedicine isn’t a new phenomenon, with many employers in the U.S. offering telemedicine coverage as part of their benefits package, the model for offering basic healthcare free of charge for consumers remained untapped.
According to the company’s press release, Doc.com was able to disrupt the corporate benefits industry by offering considerably lower prices to employers than current market prices and no co-pay per consultation for employees or employers.