China: Health Care Crowdfunding using the Blockchain

the With the Start-up of water drop, the Chinese IT giant Tencent Health Care Crowdfunding power over the Blockchain. In the Wake of a new round of financing water drop is aiming to invest over a billion US dollars. The money is for the benefit of the development of Blockchain technologies. Many companies in China to provide health financing away from traditional health insurance companies.

Polina Khubbeeva
At the 2. May 2019BTC$5.474,00 2.74%part Facebook Twitter LinkedIn xing mail

On the Chinese healthcare market is busy, busy, busy. Internet giant Tencent Holdings Ltd., supplemented with the Start-up App water drop conventional insurance models in health care and are looking for investors. According to the Bloomberg Report, water collected drop over a billion dollars from investors, for the benefit of the Blockchain research.

Health Care Crowdfunding as an alternative model for health insurance?

water drops business model based on voluntary payments of small amounts to members who have received a serious medical diagnosis. Water drop will be transferred in collected Form directly to the Diseased. Infants and persons over 65 years of age are not allowed to participate. Further regulations relate to the age of the patient, as well as the Severity of your condition. Water drop employs over 1,000 employees, the focus is to monitor these rules and adapt.

Similar to water drops biggest competitor is already working on the market: Xiang Hu Bao (English: Mutual Protect), the App of Alibaba Group, already has about 55 million users in China. Both portals collect eight percent Commission in the case of withdrawals of up to 300,000 Yuan (about 40,000 euros). In addition, approximately 50 other companies exist in the Chinese healthcare market, which offer comparable products.

water drop would now like to automate the reimbursement system using the Blockchain technology. In addition, the company conveyed according to the founder and CEO Shen Peng more recently, conventional health insurance policies from more than 50 third-party.

health care in the most populous country in the world

The variety of Health-Care crowd-funding concepts, and the brisk investment behavior of large corporations in appropriate technologies shows that the people's Republic of China is facing health challenges.

While the population is growing rapidly, chronic and severe diseases. The state health care alone is not able to keep pace with the developments. In the process, Shen sees his company as a Supplement to traditional health insurance and welcomed the many participants from the market. "It reduces the costs incurred in educating the User."

Blockchain in health care

the medicine business is particularly interested in Blockchain-technologies, when it comes to dealing with large amounts of data. The goal of the safe storage and distribution of diagnoses and patient information benefits of decentralized solutions. Apart from data management, researchers are working on Blockchain protocols, the fake and hacker safe verifications from drugs.

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