Dentacoin

Dentacoin(DCN)

Blockchain concept to improve the quality of dental care. It will be used as a decentralized review, education, and bidirectional reward platform. In their trading and value infrastructure, earned coins will be able to used to purchase medications, oral care items and other related dental services
  • Market Cap
    $217.022.093
  • Price
    $0.000667295
  • Category
    Health
  • Origin
    Netherlands
  • Team Size
    15-25
  • Initial Release
    01/07/2017
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    5.8
  • Team Ratings
    6.4
  • Execution Ratings
    5.7
Product
  • The need for the product ⓘ

    6
  • Total addressable market size ⓘ

    8
  • Product/market fit ⓘ

    6
  • How is the product compared to existing solutions? ⓘ

    6
  • How difficult is to make the product? ⓘ

    6
  • Could this product scale? ⓘ

    6
About Product
Detanlcoin aims aim to get into the market in 4 phases. First review platform, patients can review dentists and earn rewards. Second mobile and web app for users to educate and gain habits with reminders. Third dental insurance through smart contracts between patient and the dentist. Forth healthcare database, shared medical records. Health industry attracts many blockchain companies because of privacy, security and distributed aspects blockchain provides. Dental part of it is no exception. However, we haven't seen many innovations in the dental industry. There might be barriers to it.
Team
  • Team's previous experience ⓘ

    7
  • Does the team have a clear vision? ⓘ

    7
  • Is technical team sufficient for building the product? ⓘ

    7
  • Is the team active? ⓘ

    7
  • Is the team size big enough? ⓘ

    6
  • How is the team growth? ⓘ

    7
About Team
The team has 20 members, 11 of doctors. Currently, not very blockchain heavy. The founder is a professor in financial markets.
Execution
  • Could this team get the product into a market? ⓘ

    6
  • Could they do it in time? ⓘ

    7
  • Did they meet previous deadlines? ⓘ

    7
  • Is the marketing strategy sufficient? ⓘ

    6
  • Team’s previous achievements ⓘ

    7
  • Strategic partnerships ⓘ

    6
  • Current market size ⓘ

    3
About Execution
As of 2018 Q1, Dentacoin has 25 partners Worldwide. Partners are dental clinics. It doesn't mean their users will adopt and use the cryptocurrency, but they are willing to try. The success of the platform will be determined by adoption. Review app will be released in Q1 2018.
Editor's note

According to public statistics, there are more than 500.000 practicing dentists in EU and US. Therefore, partnership news might not be as valuable as we here from other cryptocurrencies. Because this is not a deep integration with their services as of yet. Mass adoption probably going to require big insurance and pharmaceutical companies. There are many free dental care mobile apps we are not sure if the token incentive is enough to get customer engagement.

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Initial Rating: April 23, 2018

Last modified: June 8, 2018