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Numerous challenges plague the dental industry, preventing patients world- wide from receiving high-quality care. The dentistry sector exemplifies the problems of a worldwide healthcare business model that is inefficient, costly, and out of date.
Implacoin will address many of these issues and make dental services and treatments more affordable and convenient for people worldwide, harness- ing the power of blockchain technology.
Without the possibility of counterfeiting, no risk of identity theft, and quick settlement of transactions, blockchain, and digital asset technologies are a superior option for the dentistry industry as a whole.
Implacoin is a utility token that can be used to pay for regular dental and cos- metic services. It also has a straightforward discount incentives system to entice customers, retailers, and practitioners. In order to make Implacoin easily spendable, The Implacoin card will be offered to users. In addition to taking advantage of the benefits that come with the card, Imlplacoin card owners are also able to freely use it at any point of sale in which a Visa card is accepted.
As Implacoin is based on existing, proven blockchain technology, any income generated by the ecosystem will primarily be used to fund industry innova- tion, organizational development, related IT support, and promotional activi- ties. Furthermore, Implacoin has a real-life practice use, meaning that it can be used immediately for the purchase of items at a discount on the online e-commerce platform/shop at https://implexmedicalshop.com/
Overall, Implacoin will be a utility token of the dental healthcare ecosystem. A cloud-hosted, web-based, and smartphone application (App) will facilitate easy to understand and straightforward access to the platform.
The worldwide dentistry industry is dealing with significant difficulties that are limiting the ability of dentists to provide high-quality care to their patients, and preventing patients from receiving dental treatment and dental hygiene.
Due to the high cost of dental services, particularly in Western countries, the rate of dental tourism to more cost-effective locations is becoming commonplace. Patients from the U.S. fly to Mexico, Australians to South East Asia, and Middle Eastern Patients to India and England. Cheap airfares and more accommodation options have made this even more accessible in modern times.
“In the UK, a full mouth(all on 4+) of dental implants at a private clinic will cost you between £7,000 and £28,000. Head to Poland for the same treatment, and it costs an average of £4,000 to £9,000.” “For single tooth implants, you’ll pay around £2,000 in the UK compared to just £550 in Poland.”
Research shows that healthcare quality is directly linked to a country’s prosperity levels: the more prosperous the country, the more expensive medical services are. The dental industry is no exception to this rule.
Considering this prosperity imbalance, we aim to restore balance and ensure that dental care is not just a benefit for the higher socioeconomic class.
In developing countries, financially capable patients are more concerned with finding practitioners who can deliver high-quality services and instead engage in reverse dental tourism by going to Western countries to seek care. Additionally, in less developed nations, there is another issue; since income levels are lower, going to the dentist is often prohibitively expensive.
Geographical location plays a significant role in the access to medical care. “Ac- cording to the American Student Dental Association, geography is one of the most common barriers to accessing dental care. There are huge disparities when it comes to levels of oral health care for rural populations compared with urban populations.” This geographical discrepancy is not limited to rural and remote areas, but also applies to less developed countries.
How is this substantial discrepancy possible unless there is a severe supply chain issue and/or there are insufficient systems in place to guarantee that dentists with extensive training are accessible to serve patients from all socioeconomic levels and remote areas?
Therefore, there is a situation where patients are confused as to where to go for different types of dental treatment. Our project seeks to stop this confusion once and for all by utilizing blockchain’s power to provide transparency. By reducing the complexity of the supply chain and the involvement of intermediaries, we will ensure dental treatment becomes cheaper for patients who are less financially capable.
Patients who cannot afford dental treatments seek care elsewhere, which may include traveling abroad, as discussed above.
When patients choose to visit a practitioner abroad, they confront additional hur- dles, such as maintaining a smooth continuity of care, transferring their data, or even having certain aspects of their therapy performed locally and another more difficult operation performed elsewhere. There is no easy protocol in place that permits patients to continue receiving therapy in a nation other than the one in which they initiated it.
Blockchain technology enables this more readily, affordably, and quickly than any other available technique. Simple appointment scheduling across borders is both time-consuming and inconvenient, so an App that streamlines the connection between patients and clinics would be excellent. In the future, we hope to reach a point where the patients will always have access to their medical documents and full control over them.
On the other hand, patients who can afford dental treatments turn to Health Insurance Providers (HIPs) to have dental care covered; however, medical and dental insurance is prohibitively costly and continues to rise in price year after year.
Dental and medical insurance policies have restrictions and expiration dates, and as a result, funds earmarked for treatment often lapse from year to year. Many patients are unaware of this serious problem.
High dental treatment costs are intertwined with the high costs of operation and significant capital investment in setting up a dental clinic.
The advent of new technology means that dentists need to continually purchase and reinvest in new technology, which will add to the costs of running a dental clinic. These costs are related to the multiple cost structures involved between the manufacturer and the dental clinic owner.
Some examples include management costs, operational costs, and transactional costs with financial intermediaries, including banking institutions and health insurance providers. All these elements generate a high-cost base, which results in the perception of dentistry being relatively expensive.
Currently, manufacturers cannot sell their products on a level playing field. Due to the intervention of intermediary supply chain companies, they are limited in their access to markets on a global scale. Some suppliers tie manufacturers into exclu- sivity agreements and prevent free trade from occurring. Hence, manufacturers have been looking for an alternative to sourcing materials from overseas.
Furthermore, suppliers are subject to difficulties with the supply chain’s ineffi- ciency and need to meet the complexity of different regulatory frameworks in different countries.
This constitutes a significant prob- lem on a global scale, particularly in Western countries, where there is enhanced “double-spending” (not to be confused with the dou- ble-spend concept of Blockchain) of patient dollars on dental and medical care through govern- ment taxation and paying for HIPs (Health insurance plans) as well.
Ultimately, large-scale inefficiencies mean that many patients globally are paying for dental care indirectly through taxation, for dental care subsidies indirectly through health insurance, and for dental treatment with their own money.
There appears to be no limit to the ceiling on the increasing price of health insur- ance. As a result, HIPs are most likely protecting their profit margins as the cost of health services increases.3
In 2021, the average annual premium for family coverage rose 4 % to $22,000, which is considerable for an average family in the U.S. 4
Due to the impact of the GFC (Global Financial Crisis) and the tightening of bank- ing regulation, financing for the establishment of new dental clinics is more chal- lenging in modern times.
Blockchain technology has the potential to enable the formation of untapped credit and financing channels. Consequently, we will foster dentistry sector expansion, especially in underserved regions and nations.
Moving forward, the Implacoin token serves as the “utility” (functional) token of the IDI medical platform. The token will increase in value due to its utilization based on its demand as a better transactional medium for an industry plagued with high costs due to multiple intermediary and third-party involvement. We cannot think of a better industry than the dental industry as a niche of the health- care industry where blockchain can improve the status quo. There are almost always intermediaries preventing direct transactions between two parties (e.g. payments for treatment are often made via insurance companies and, in Western and developed countries, between governments and private enterprises through subsidies and rebates for dental treatment for low socioeconomic sectors).
As described, transactions and exchanges of dental goods and services can occur freely within the ecosystem with minimal involvement except for when signifi- cant scale disputes may arise. Once again, this is unlikely due to the nature of smart contracts Defining the present conditions of a contract before it takes place. There is no need for settlement lawyers, accountants, notaries, or agents for almost all transactions.
Blockchain is becoming fast adapted to use in the fintech industry because
Therefore, it can also be used for the highly fragmented dental market, which is full of different parties, including clinics, suppliers, dental health insurance providers, financial institutions, and manufacturers.
Dental records are now maintained on a range of different systems and platforms, with a high prevalence of clinical record inaccuracies. Because of the record’s lineage, we can always trace back everything. Overall, everything is cryptographi- cally secure, as you are only storing a hash on the blockchain and keeping data on a private server.
Conversely, the blockchain is not designed for storing data. Instead, we are storing a reference to that data that we can pass along; and we can choose which portion of the data to share with whomever we would like. Thus, although blockchain is not ideal for data storage, we are solely preserving a reference to the data on the block- chain rather than the data itself.
Furthermore, a paramount feature of the blockchain is interoperability, which is a common infrastructure for sharing and transmitting data. In this way, patients can digitally sign access to their records for one hospital to send them to another hospi- tal. Then, the receiver can verify the authenticity, and the patient might choose what information they have access to, conferring the patient the overarching con- trol over their data.
Furthermore, there is a way to solve problems of poor connectivity, performance, and reliability within the dental and medical industry. The solution involves block- chain-based Apps which connect users and providers directly. All these properties could be successfully used to overcome the current limitations of dental and medi- cal software.
Digital currencies are an excellent tool for fast transactions. Currently, digital cur- rency payment solutions allow sellers to carry out transactions much cheaper and quicker than traditional payment systems.
Another essential advantage is cross-border transactions. Traditional remittances are outdated, very slow (money transfers from one country to another may take days or even weeks), and expensive. Digital currencies are cheaper and facilitate almost instant global money transfers. This is especially convenient for patients that need unexpected dental treatment while traveling abroad.
The current monetary economic system does not cover the basic needs of individu- als and makes it almost impossible to keep up with inflation. IDI aims to reduce the pressure from inflation and increase productivity for the medical society and patients.
When a dentist purchases Implacoin, he or she has access to discounted dental supplies, and patients have access to cheap dental services. Increased adoption of the token will result in a rise in its value.
Critical characteristics of IDI include:
The App will facilitate access to online dental services 24/7, all year round. It will provide patients with medical consultation and advice in their native language – at any time and any place, regardless of geograph- ical location, working hours, holidays or other factors. Patients will be able to search for practices located close to where they live, including remote villages. The App allows the user to book and reschedule appointments online. Prior to scheduling an offline appointment, the patient may arrange an initial teledentistry consultation with the dentist in his or her native language (where available).
In addition, the Implacoin App will be able to encrypt patient data (3-layer SSL) to ensure transfer and voluntary provision to 3rd parties, i.e. pharmacies, HIPs (if required) etc. The App will make it easier for patients to find available appointments within the ecosystem, even when overseas.
Implacoin offers the patient an estimate of the treatment’s cost in advance to prevent unpleasant surprises. This eliminates one of the most pernicious issues in healthcare: uncertainty over the cost of a dental appointment.
3.4.2. Helpful Features for Dentists
Online reviews have surely become a significant role in determining the quality of any service or product. Nonetheless, fraudulent and biased reviews have cast doubt on the quality of services or goods given by a certain supplier or service provider. As a consequence, people’s trust in such reviews is declining.
Implacoin will fix this by only allowing patient identified reviews. Note that these reviews will be securely verified through the implemented blockchain technology. With our App, dentists can be sure that only those who received treatment can comment on their experience.
In addition, the Implacoin network will include a specialized marketplace where dental professionals can order materials and equipment. As previously discussed, the marketplace will facilitate an Affiliate Marketing (drop-shipping) model.
The blockchain will provide an irrevocable document source regarding material quality, the supplier’s sustainability practices, and work processes for all products used for patients, reassuring provenance (point of origin).
Implacoin will offer access to training by facilitating dental professional webinars and online workshops.
During the webinars, experts will cover a wide array of questions, including clinical errors of judgment, what materials and equipment are recommended to use, and how to present and perform complicated treatment plans to patients in the clear- est manner possible. Furthermore, the Implacoin App will accumulate industry-rel- evant news and events on one platform.
By using the Implacoin network, there are significant savings for dental clinics, since no such platform exists yet. At this stage, we estimate a high improvement rate in the cost base for dental practices, translating to an increase in net profit. In addition, Implacoin (IDI) makes manufacturing more accessible for dentists and creates a discount for patients.
Patients are incentivised to use Implacoin and dental clinics in the network because of a 3% discount or cash-back incentive scheme. The discounts are acces- sible within the patient’s digital wallet immediately and can either be used for further services or cashed out in fiat currency.
If customers cash out to a fiat currency such as EUR or USD, the cashback will be given in IDI tokens, so if they want fiat money, they may exchange it using the plat- form, and credit will be instantly provided to their wallet as IDI token.
Manufacturers may be initially skeptical of the new system; however, they are look- ing for an alternative to traditional supply chain channels to go direct to businesses. They can maintain profit margins on the sale of goods whilst also placing their goods on a platform as long as they meet stringent quality control mechanisms. We are currently engaged with manufacturers worldwide who are keen to join the platform upon its impending launch.
With Implacoin and an online website for B2C (business to consumer) sales of their products, manufacturers have another safer alternative for medical professionals than the existing system.
In addition, manufacturers can deal with Affiliate Marketers for dropshipping as an alternative and more efficient manner for delivering heavy medical machinery and medical software.
Cryptocurrencies based on Proof-of-Stake allow users to participate in validating transactions by committing a certain amount of coins to the IDI wallet on our plat- form and getting rewards. This procedure is referred to as staking.
Implacoin is based on Binance Smart Chain (BSC), which has noticeably lower gas fees than Ethereum. Due to these low gas fees, there are no fees for staking the money into and from the wallet. This enables patients to transfer money without incurring any fees, stake it whenever they desire, and receive incentives from it. Additionally, users may withdraw the investment plus the incentive when they need medical care or a purchase.
Participants may always cancel the staking agreement and spend the funds for other expenditures such as rent, petrol, and other living expenses by utilizing credit cards. This gives participants autonomy and control over their money, ensuring that they are always protected and able to utilize it for non-medical reasons if nec- essary. In case of the early termination of the staking contract, The amount of stak- ing reward which the participants receive, will not be as stated in the agreement since the contract period is not completed, however, no extra fees need to be paid for early termination.
The Implacoin card is a prepaid card which can be topped off through bank trans- fer, cryptocurrencies and other cards. This card can be used at any point in which a Visa card is accepted and the users get cash-back with every purchase they make. The owners of the Implacoin card are able to take advantage of the many other benefits that come with it, including but not limited to: dental, medical and travel insurance, access to numerous facilities all across the world, membership to some of the most exclusive clubs and subscription to numerous applications.
One of the most distinct and beneficial features of the Implacoin card is the insur- ance package that comes along with it. The insurance feature includes two distinct types of insurance; dental/medical and travel insurance. Owners of the Implacoin card will have access to both types no matter which country or continent they are in.
Overall, a crucial component of this initiative is the concurrent creation of an online store with dentistry supplies, materials and tools that can be purchased using IDI or Implex. Our App will include the function of a simple to use a digital wallet. The wallet will be able to track your coins and also be used for transferring the token. This online store / e-commerce gateway enables the ecosystem’s transactions to be processed more quickly. Increased transactions and use will enhance the value of the utility token, i.e., IDI. With enough transactions, the ecosystem’s size will expand, creating further chances for investment, commerce, and corporate organi- zations. The webshop will be launched shortly, and any interested individuals are invited to view the online shop at:
Numerous facets of human existence, including health and medicine, have seen an increase in the influence of technology. Telehealth is a paradigm that refers to the combination of medicine and technology to provide access to dentistry and other medical services and information. It has significantly enhanced and streamlined the delivery of medical assistance and information to the public.
As well as improving the delivery of medical support and information, telehealth has made it simpler to get second opinions on diagnoses online. Everything can be recorded and traced, therefore, there is no possibility of fraud, and you can always trace everything back to its source.
Technologies such as the internet, mobile phones, and computers make it much easier for individuals who need medical care or information to access these needs. Access to medical care has always been an issue in many parts of the world, espe- cially in rural areas with limited access to medical facilities, doctors and equipment. So far, Telehealth has had and will continue to influence access by enabling patients and physicians in these locations to access various types of medical treat- ment and information. Along with increasing access to medical services for patients with restricted mobility or access, telehealth offers the ability to improve communication between all persons and their healthcare professionals.
On top of providing better access, telehealth can significantly decrease the cost of providing medical care to patients. During the Covid-19 pandemic, the importance of this topic was brought to the attention of many health care providers and patients, since it was not possible for them to meet in person most of the time.
While the terms telehealth and telemedicine are sometimes used interchangeably, they do have different meanings. Telemedicine is a subset of telehealth and refers exclusively to clinical services delivered over long distances. In contrast, Telehealth encompasses a broader range of services, both clinical and non-clinical, such as medical education, webinars, meetings between doctors and other healthcare pro- fessionals, and health promotion.
There are many ways in which telehealth can benefit practitioners and patients, Some of which are mentioned below:
Having online and virtual appointments
Allowing doctors to communicate with each other remotely, share medical data and come to mutual decisions and solutions
Making it easier for patients in remote areas to access online health and medical services
Reducing the cost of providing medical help and information
Allowing health care providers to monitor the patients throughout their treatment or healing process.
To address the concerns described above, Implacoin enables equitable and straightforward access to dentistry services and information for patients and dental professionals worldwide via the use of technology and blockchain power.
Through this App, patients can book online appointments, communicate with their dentists online, get second opinions from other practitioners and safely share their dental health information with their dentists. Furthermore, it also allows dentists to communicate with each other, share patient data if needed (with the permission of the patient), and have access to advanced education in their field.
Nevertheless, Implacoin is not limited to telemedicine since it is also a platform that allows for sharing information and education for dental professionals in many different forms, such as Webinars. Therefore, the Implacoin app serves a wide range of purposes when it comes to telemedicine and telehealth.
The Implacoin app integrates with existing platforms, payment portals and pro- vides payment options of digital currencies with added discounts. The App facili- tates fiat currencies such as USD and Euro to IDI and vice versa in a seamless and simple manner. Stakeholders, i.e. patients and dentists belonging to the partner network will be able to interact with the App at all times. To use the App, the KYC/AML verification of a credit card or bank account is required.
The app facilitates Telemedicine appointments (Will be a feature in the later version of the application) while allowing only trusted and verified reviews from patients who have received treatment, so it is impossible to leave reviews if no service or treatment has been received.
It will also allow for the creation of e-invoices and receivement of payments through standard payment gateways (Visa, Mastercard, Paypal, wire transfer, Ideal) or directly through IDI or via our in-platform currency.
Another important function of this app is the Secure method of transferring patient records utilizing either proprietary software or partnering with existing providers, which will encourage and facilitate paperless administration.
As for the supply chain integration, the app allows fast and low-fee settlement pro- cess in fiat or Implacoin platform currency (IDI), while enabling faster and lower fee cross border settlements in case of dental tourism.
The use of artificial intelligence and machine learning in the field of dentistry and medicine is helping more medical professionals everyday with treatment, diagno- sis and prevention.
The first area in which AI might be advantageous is creating 3D dental models using 3D scanners and printers. In comparison to traditional dental model produc- tion procedures, it is more rapid, cost-effective, and precise. All of the additional advantages are primarily attributable to the process’s elimination of human error. The use of 3D printers allows for the rapid and exact replacement of traditional techniques for making dental models.
Additionally, dental practitioners may employ holograms and Augmented Reality (AR) technologies such as AR glasses to construct a 3D model of the patient and manipulate it in a 3D environment. Medical practitioners may also collaborate on the model and discuss it with one another using these devices while in the same room or via video conference. These gadgets provide voice and video sharing capa- bilities that enable users to work together.
Moreover, AI can be valuable by enabling the patients to see the outcome of their treatment on the 3D model using AR devices such as AR glasses and get an idea of what they would look like once they’re done with the whole treatment process. Seeing the final results will motivate the patients to go through the treatment, since the final result will be visible to them.
Dentists also benefit from AI since it enables them to access a wealth of data about their patients prior to each session, such as their habits, health history, and con- cerns. Obtaining patient data before the appointment helps dental practitioners to treat patients much more readily and swiftly depending on their symptoms and issues. Additionally, it enables them to virtually deliver a particular degree of care and therapy based on the data supplied by patients.
Booking and rescheduling appointments are also simplified and less time-con- suming using AI systems. AI systems allow patients to have access to many dental services such as consultation, follow-ups, and self-monitoring from the comfort of their own homes just by providing enough data.
Another valuable function of AI is enabling dental professionals to detect different types of abnormalities through 3D scanners and virtual models, which is more pre- cise and less time-consuming than older methods. Through these technologies, life-threatening conditions such as oral cancer can be detected and treated early, which could increase the chances of treatment and survival for patients. It is clear that by providing a more accurate diagnosis of such abnormalities, the quality of the treatments and, therefore, patient satisfaction will be improved.
As part of the immense platform that IDI already is, Implacoin also extends toward the adoption of Artificial Intelligence as part of its core technology system. Creating 3D models through the use of 3D scanners and printers, collecting patient data, providing virtual services, and using Augmented reality (AR) will all be essential components of the AI module of this platform.
The AI system would allow real-time analysis of the X-Ray and STL files of the patient records. With data annotated by expert dentists, the Implacoin AI can detect any defects and unusual differences apart from the normal when analyzing a patient’s data from X-Ray results. Properties such as decay between teeth, decay beneath existing fillings, and bone loss in the jaw can be analyzed, along with recognition of tooth implants and abscesses.
Moving forward, consistently high accuracy and efficiency can be leveraged with the power of AI models that are specifically designed to meet the needs of profes- sionals in daily patient records analysis. Eventually, this will lead to saving time, approximately worth 20 to 30 working days a year on average for a dentist.
To sum up the extensive topic of AI, this technological advent will enable dental and medical professionals to get past many of the barriers that are faced by the industry today, and a better and brighter future is expected for the industry as a whole.
Implacoin will revolutionize the delivery of education and training to dentists glob- ally. Existing education and training models through traditional routes of delivery, i.e. University may not be able to keep up to pace with the rapid technological evo- lution of our industry as a whole. Instead, one accessible platform will enable the provision of dental education in the form of Webinars and online training. This will also allow for professionals from all across the world to have access to high quality education.
Educators and professionals will be able to provide and receive online courses and webinars through the Implacoin application. AR glasses and other AI gadgets can be used to facilitate online education and learning.
There are numerous documents belonging to organizations or individuals that need to be protected, kept private, and might need authentication verification. Verifiable Credentials (VC), a blockchain-based cryptography-enabled technology used by Implacoin, can instantly verify and make any document tamper-proof. A form of identity management known as decentralized identity enables users to create and manage their own digital identities independently of a particular service provider. Web 3.0 is all about ownership and with the help of this technology, people can now genuinely own their most valuable IDs and documents and recov- er control over their data on the Implacoin platform.
Blockchain technology is a key element of Web 3.0. In reality, because Web 3.0 is based on decentralization, blockchain technology serves as its foundation. The foundation of a blockchain network allows for open, decentralized, and secure transactions. Implacoin helps users comprehend the true ownership of their data by enhancing the Web 3.0 ecosystem and leveraging Decentralized Identity and Verifiable Credentials (VC) technology. Implacoin also makes users’ documents,
Implex protocol aims to address the shortcomings associated with the current medical and dental insurance system. High costs, expiry dates and limitations of the current system are all reasons for patients to turn to Implex protocol. Implex proto-
Implex protocol aims to address the shortcomings associated with the current medical and dental insurance system. High costs, expiry dates and limitations of the current system are all reasons for patients to turn to Implex protocol. Implex protocol offers two different plans:
The first plan is a prepaid option where the patients are able to load their account and use it for dental services with a 3% discount. Some of the most beneficial features of this plan are explained below.
Moreover, with Implex, unlike regular insurance, there are no insurance companies selling policies for only a limited amount of choices when it comes to coverage. To get more alternatives and greater coverage with traditional insurance, larger pre- miums must be paid in comparison to ordinary insurance plans, which may be costly to those who may need it. In addition, if a delay occurs, a penalty must be paid.
However, with the Implex system, the patients can use the money in their wallet for any treatment they need without any limitations as long as they have enough
There is no mandate for x, and if they do not need to or can’t afford it, they can just skip any payments until they have the money or need for it. Once they have a plan to get a specific service, for example, dental implants, they can charge their wallet with as much money as they want, or if they can’t afford the full price, they can save up for it.
Saving money in this method enables people to save more money since they have the option of staking it and earning rewards. This permits them to save the required amount more quickly since the incentive is also added to their savings.
Implex is also beneficial for dentists since, unlike traditional insurance, services are not provided before payment, and the patients can get the needed treatment only when they have enough money in their wallets. Therefore, there is no need to send bills and follow up on payments after the treatment is done. This will lead to much less administrative work for the medical professionals since the patients don’t have the possibility of getting into debt.
Having access to dental and medical insurance and services in different areas of the world is a major issue of the current insurance system. By using the Implex system, the patients have access to all kinds of treatments worldwide. For example, some insurance plans may be limited to a certain geographical location or country and therefore cannot be used in other countries if treatment is needed. Impex miti- gates this issue since it has no limitations as to where it can be used.
One of the significant flaws of the traditional insurance system is the fact that at the end of each year, the patients lose the opportunity to use whatever is left from their insurance money, and the remaining amount is not transferable to the following year, therefore they lose the money if they don’t get the chance to fully use it in one year. Furthermore, many patients are unaware of this fact and wind up losing their money at the end of the year without realizing they can no longer utilize it. Howev- er, with Implex, there are no temporal constraints, and the proceeds may be spent at any moment in time.
With most dental and medical insurances, in some cases, the patients have to be on waiting lists for several months to get access to services they need which are covered by their insurance. This waiting time can be even longer in some instances. Unlike traditional insurance, where patients need to be in long queues, with Implex, they do not have to waste any time waiting to receive their desired service or treat- ment online. This access is given through our telemedicine platform, the Implacoin platform will include an extended network of collaborators and service providers in the near future, and through these collaborations, online consultations on different topics can be provided at all times with no waiting time. This telemedicine function can be extended to further medical fields as well. All of these communications between medical professionals and patients are done through AI. AI is able to collect and keep information based on these online interactions and improves its functions based on the collected data. In the near future, we might even reach a point where AI for online and telemedicine services can replace the medical profes- sionals.
There are limitations to the kind of services the insurance plan covers with normal insurance systems depending on the patients’ type of insurance plan. For instance, some treatments are often not covered by the standard plan and can only be cov- ered if the patient has supplemental insurance. Even with supplemental insurance, there are limitations at times, for example, if the patient has a history of certain medi- cal conditions, they cannot make use of this type of insurance. With Implex, there are no restrictions regarding who, and what service will be covered, and all patients can use it for any service they want regardless of their medical background and needs.
This services include but are not limited to: preventive oral examinations, such as cleanings, adult/child fluoride, sealants (permanent molars only), bitewing images and full mouth series images; basic treatment, such as metal porcelain crowns, inci- sion and drainage of abscess, uncomplicated extractions, denture repairs, surgical removal of erupted tooth, surgical removal of impacted tooth (soft tissue), root canal therapy of anterior teeth/bicuspid teeth, scaling and root planing, gingivectomy, space maintainers, amalgam (silver) fillings, composite fillings (anterior teeth only), general anesthesia/intravenous sedation; and major treatment, such as root canal therapy of molar teeth, osseous surgery, surgical removal of impacted tooth (partial bony/full bony), crown build-ups, implants, inlays, onlays, crowns, crown lengthening, full and partial dentures, and pontics.
All aforementioned reasons make the Implex protocol a revolutionary, unique and beneficial innovation. In order to use this function, the patients need to swap their tokens, which will be equivalent to the value of USD or EUR at any present moment. Therefore, it has real value anytime they decide to exchange it. There will be a button on the Implacoin App that will allow patients to make this swap easily, quickly and safely by leading them to the Implex website:
The second plan is similar to the first one in most ways, except for the fact that a fixed amount is automatically deducted from the account of the patient, and this amount can be used at any point of time for the desired dental treatments with a higher discount than the first plan. Another benefit of this plan is the possibility to use all the paid monthly amounts with no deadline in case there is a need for dental treatments, meaning the patients can use all of the money they paid even years after, for their desired treatment. However, in case the patients fail to pay the monthly amount, the plan is canceled and the contract is not valid anymore. The cancellation is made pos- sible through the use of SBT smart contracts. In addition to making it possible for us to retract the contract in case of payment failure, SBTs are non-movable which means they can not be transferred by anyone other than the provider of the contract.
Inflation is an inevitable component of all economies, regardless of time or location. With inflation continuing to rise, conventional pension plans are no longer relevant since the rate of inflation is far quicker than the wages of dentists, or anybody else for that matter. Pensions are never calculated with inflation, therefore, the money that dentists or other workers save, will not be considered when they actually want to use it because of the inflation.
So, what is a possible solution? Staking money and having complete control over it. Staking in our system gives the participants an opportunity to be ahead of inflation. With Implacoin, the participants gain up to 8.5% annual Percentage Yield (APY), which is higher than the approximate 7.4% inflation in Europe or most likely the inflation rate in any other country across the globe.5 Therefore, they avoid being left behind and earn income as well. Implacoin allows the participants to have complete control and make an income through this new pension scheme. Through this scheme, we want people to be able to keep the quality of life they wish to have against inflation.
A concern which may arise regarding this plan is the method in which we plan on keeping up with Inflation. In order to do this we have a package which consists of multiple activities that lead to the constant increase of the value of our token. The first activity is the investment in our MDU program in which the participants in the project get a 6.5% yearly incentive and earn rewards and help new mobile dental businesses to take off. The other activity which contributes to the increase in our value is investing in fungible dental clinics tokenized to numerous small ownership stakes, making it possible for everyone to have a small share in these clinics.
Dentists and many other individuals spend their whole careers putting money into their pension plans, in return for promises that are not even kept in many cases. Pen- sion fund plans are long-term commitments, which cannot be terminated without consequences. Not only does terminating them cause great financial loss, but recommitting to a plan and making a new contract also costs a lot more than most individuals can afford. Therefore, it can be said that the people have no control over the money they work their whole life for and no freedom to choose what they want to do with it.
However, even if the dentists or other employees keep their commitment to their pension plan, they will have no guarantee of receiving pension payments in the future that keep pace with the high rate of inflation despite all the years of working and paying for it.
For the first time, Implacoin offers an alternative to traditional pension funds, one which does not involve any corporations, but instead aims to give freedom of choice and control back to the people. This project is made with the sole purpose of solving the problems of a flawed pension system. By using Implacoin, dentists and other individuals have the freedom to freeze and unfreeze their money as they please and without having to pay hefty amounts of money for withdrawal or making a new con- tract 24/7. They are in full control, and they can decide how and when they want to step out, with no need to seek permission from any organizations or third parties. Through having this freedom, people can make any investments they want with their money, at any time and any place.
With the emergence of the Covid-19 pandemic and its impact on the economy and unemployment rate, the need for such a life-altering pension plan significantly increased. After the pandemic crisis, great amounts of debt have been taken on by governments, leading to financial repression. One form of financial repression is accessing captive funds such as pension funds. Pension funds are an appealing target due to the aging of the worldwide population and therefore increase in their assets. In the long-term, this problem could lead to reduced retirement income, therefore making pension funds less than desirable. We believe this project can bring positive change to the life of many people, and allow them to freely invest and enjoy the money that they work their whole life towards.
With the ability to accurately track inventory and stock, we can formulate just-in-time (JIT) systems and processes, so there is minimum inventory storage. Stock control will be automated and simplified, hence dental clinics only need to use as much as they need. Dental clinics, supply centers, and manufacturers currently have huge amounts of under-utilized and underused inventory.
A similar argument may be made for the enormous quantities of equipment and consumables in storage, underused, and unnecessary. In due course, the Implacoin project will witness an improvement in these inefficiencies, resulting in creating “capital” inside the system that was previously unavailable to it. This will only increase the number of resources available to treat more patients at a higher level of quality in the future.
Through such systems, both manufacturers and clinics are able to keep track of their inventory, the number of items and their expiry dates. In this way, clinics will have data on when they are running out of certain products or if certain products are reaching their expiry date. This data is also beneficial for manufacturers as it will give them a good estimate of the demand and will therefore help them predict the amount of production needed.
Past statistics reveal that one in five patient records are not accurately matched even within the same health care system.6 Blockchain allows the accurate and irrevocable storage of patient records and data. Furthermore, the P2P nature of the ledger allows the viewing of records to be tracked so patient privacy and confidentiality can be maintained, i.e. no one can look at your record for any other purpose except for the implicit reason of improving your dental or medical health condition.
The main idea of our privacy protocol is based on Self-sovereign identities (SSI), which means that every user is given a digital identity which they can manage with- out the involvement of third parties or central entities. Each self-sovereign identity can issue claims on another identity, an organization, a person or a system. There are multiple characteristics of SSI that allow users to have control over their digital identity:
SSI Credentials can not be tampered with.
Peer to peer exchange of credentials, without the Self-Sovereign Identity system provider having any knowledge of what is being exchanged.
They are private, meaning that the ID owner is in control of what personal data they share and who they share it with, they even have the freedom to choose which part of their data they want to share
No geographical limitations, SSIs can be verified anywhere and anytime. Personal data is not stored in centralized servers, which means it is much less likely and much more difficult to get hacked.
Another innovative development of the blockchain, is DeFi or Decentralized Finance lending which is an ecosystem of financial peer-to-peer decentralized applications built on blockchain. Implacoin aims to leverage the innovation provid- ed by DeFi lending platforms because owners of cryptocurrencies are able to lend their crypto assets, from anywhere in the world and receive interest in return. To get the loan, the borrower must make an initial deposit on the DeFi lending platform.
Unlike traditional centralized financial systems, DeFi lending functions without third parties or intermediaries such as banks. Moreover, it is not controlled or accessed by any central authority or third party.
A smart contract is put in place to facilitate the execution of the contract, hence the lack of need for third parties and intermediaries. Smart contracts are basically com- puter codes on a blockchain that store, validate and execute the rules and terms of a contract.
Accordingly, Implacoin’s implementation of smart contracts mitigates the risks inherent in lending and borrowing on DeFi platforms. As with any loan, the borrow- er must submit collateral, which is then frozen and not returned until the loan is repaid in full, including interest.
We will make use of SBT(Soul bound Token) smart contracts. What distinguishes SBT smart contracts is the fact that it can be retracted from the client in case the payment does not go through.
DeFi lending will be made possible through the Implacoin App, which means the presence of third parties, high amounts of tax and lengthy procedures associated with normal lending systems will be eliminated.
Blockchain technology eliminates the requirement for a third party to facilitate digi- tal money transfers. Since its inception, additional technological development has enabled the use of “smart contracts” to quantify transactions and predefine deal criteria, thereby prohibiting anybody from backing out of the negotiated “contract” without exchanging any compensation.
The world of Web 3.0 is moving towards becoming multichain, and numerous prod- ucts are being designed and built to facilitate this transition. Ethereum is the main infrastructure for DeFi lending mainly due to its safety and privacy features. Howev- er, there are some problems regarding Ethereum, the main one being high gas prices. As a result, many projects have moved towards multi-chain platforms, which means they are able to rely on Ethereum’s ecosystem without having the problem of high gas fees. Unlike Ethereum, multichain ecosystems do not impose gas fees on every single transaction. Therefore they have more competitive costs in compari- son with the Ethereum ecosystem. That is why Implacoin chose the BSC chain (BSC) which will be discussed further in the paper.
With the advancements of interoperable blockchains, investors in the DeFi ecosys- tem can exchange assets across different chains while having safe and flexible access to a multitude of DeFi protocols and liquidity.
For a project of this scale, we are not only cognizant of the ability to significantly improve the efficiency of the business model of dental and medical care, but we believe that we should facilitate access to dental and medical care to populations that were unable to afford it previously.
We believe that we can facilitate very low-interest microfinance and P2P lending for the financing needs of both:
Dentists and medical professionals interested in purchasing equipment and/or setting up fixed and mobile clinics.
Patients who are unable to afford basic level dental treatment.
This type of finance is currently available in the traditional markets but is very expensive. Through the P2P lending function of Implacoin, the patients and medi- cal professionals keep all of their digital capital and the benefits of their digital assets without having to sell them, while still enjoying their crypto wealth. There- fore, our clients are provided with the opportunity to access instant cash while still holding their crypto assets.
In an ecosystem of this scale and scope, financing rates do not need to be more than 2-3 %, and the business model would be based on the volume of loans rather than the quantity of the loans. Hence, we discussed microfinance and P2P lending for dentists and patients. However, we believe that we can facilitate the develop- ment of altruistic or philanthropic drives to facilitate dental care at very-low interest (VLI) rates.
The ultimate aim is to generate a new accessible platform for people who were pre- viously unable to get dental treatment, particularly in developing countries. The sheer number of such transactions would, without a doubt, help to strengthen the ecosystem and allow the provision of dental services to people everywhere.
Dentists and medical professionals joining the Implacoin marketplace can show- case their business, establishing another source of new patients who can afford payment within an alternative system and collecting genuine and trusted reviews from their actual verified patients linked to individual profiles.
M&E discounts will be available to dentists who are part of the network. As previous- ly stated, eliminating intermediate cost structures allows dental operations to become more profitable. M&E vendors must have regulatory clearances and inde- pendent quality control processes in place before being included in the market- place.
We are committed to guaranteeing that substandard items do not get through border checkpoints without being subjected to stringent quality control proce- dures. Direct shipping of products to participating clinics improves the supply chain’s efficiency and the delivery of supplies and equipment to dental offices.
Quality Assurance (QA), Quality Control (QC) and Guarantees on Materials and Equipment:
Blockchain technology can be integrated with existing product and goods tracking mechanisms, which will provide proof-of-origin (provenance) to guarantee that dental laboratories can track dental materials, equipment, and even raw material consignments for dental laboratories in the Implacoin network. Besides, the prod- ucts tracked should be sourced ethically and through fair-trade relationships. Quali- ty control can be assured with ISO certification, FDA approval certificates, and other types of documents being stored and linked to the product. Track and trace can be provided, and provenance can be followed up on the Implacoin platform.
On explicit request, this information may be made irrefutable, transparent, and publicly accessible to patients and authorities such as regulatory organizations. The same software tool that will be used to monitor Implacoin’s movement around the ecosystem will be used to track items.
Improved material control methods will also be established via the use of block- chain technology, which will be used to monitor which materials were used on which patient at what time. This also can be tracked through the App, which will help with solving issues such as allergies to different materials. We are already work- ing with our long-time suppliers, our international dental laboratory, and other pro- ducers of dental implants and crowns to integrate a layer of blockchain-based QC into the production and shipping models.
In the beginning, the Implacoin token was planned to be based on Ethereum, but with the fast blooming of the Binance Smart Chain (BSC) and its advantages over Ethereum, it was decided to be based on BSC. Even though BSC and Ethereum seem very similar at first glance, despite being younger than Ethereum, BSC has been highly successful due to the following qualities:
Affordable transactions – The significant reduction in the fees associated with on-chain and off-chain activities is without a doubt the deciding element that moti- vates developers and consumers to switch from Ethereum and other smart block- chains to the BSC. When there is a lot of traffic on the Ethereum network, the cost of the identical transaction on Ethereum may be nearly a thousand times higher than the cost on BSC. In addition, the cost of a gallon of petrol on BSC is quite consis- tent. Since the genesis block, the typical transaction cost has remained constant at about 0.15 bitcoins. On the other hand, Ethereum sees significant swings in gas price, with spikes reaching over $100 for a typical transaction during peak periods of network congestion. These spikes may last for several hours. The cheap cost of transactions on BSC is this chain’s greatest strength, and as a result, it is something that even Changpeng Zhao, the CEO of Binance, loves to mention:
Increased rates of acceptance – The centralized form of Binance Smart Chain is not without its benefits, despite the fact that giving up decentralization is a significant concession to make. It comes with a few advantages, one of which is the fact that Binance already has a well-established user base, from which it is able to pull an exponentially greater number of users to BSC. This is only one of the benefits. This enables adoption to occur at a much quicker rate than what could possibly be accomplished by the organic development of a smart blockchain project that was not sponsored by a large business like Binance. Since the beginning of this year, the number of unique addresses on BSC has risen by a factor of ten, and the total number of transactions has climbed by a factor of fifteen, which should provide you with a reasonable estimate of how quickly the network activity is rising.
Bridging – makes token movement simpler and more convenient – Developers have created many cross-chain bridges so that users of the BSC may effortlessly transfer tokens from one blockchain network to another. Over 40 different coins are now supported by the Binance Bridge. This makes it possible for users to easily transfer assets like USDT, ETH, and a wide variety of other tokens to and from the Binance Smart Chain.
Funding – Remarkably, there is not just one benefit to centralization; rather, there are several advantages. Binance’s support includes not just a sizable user base but also a substantial number of technological, human, and monetary resources as well. The BSC Accelerator Fund was established in October 2020 with a contribution of one hundred million dollars from Binance’s general fund. These funds will be used to finance the development of their blockchain’s protocols, wallets, explorers, and several other tools and infrastructure.
It is rare in business to have a situation where processes are fast and cheap. Block- chain is unique in that the technology doesn’t need intermediary institutions or clearing houses, or even hard devices such as EFTPOS machines to facilitate trans- actions. This results in “frictionless” payments and transactions, thus increasing the speed and reducing commissions absorbed on transactions.
Blockchain also allows the ability to remove the need for reconciling transactions, further saving time and reducing the risk of human error.
There are already BSC-based payment solutions that facilitate transactions five coin will be restricted for use within the dental and medical ecosystem. times cheaper and much faster than traditional payment systems; however, Impla- coin will be restricted for use within the dental and medical ecosystem.
The system has a guaranteed 24/7 uptime due to its P2P network structure. Fur- thermore, the utility token enables cross-border or international transactions for dental treatment with minimal cost.
Ultimately, the dental industry will be no different than any other medical sector. Thus, significant incentive schemes will be presented initially to entice individuals suspicious about cryptocurrencies and blockchain to interact with the site.
Our financial modeling demonstrates an estimated increase of approximately 20% in profitability for digitally focused dental service providers and dental laboratories. This will be accomplished via cost savings associated with material buying and labo- ratory use.
Patients will be rewarded for their participation with a 3% discount on dental care at their preferred providers. The dentists they currently see will not have any member- ship fees or obstacles to participating, so adoption should increase faster than exist- ing tokens.
Dental materials and equipment manufacturers will eventually have an easily acces- sible platform, thereby superseding traditional supply chain systems. Affiliate mar- keting and dropshipping will be facilitated in the ecosystem, thus creating new sources of income for “solopreneurs” and acquiring more employees.
As a result of the successful launch of Implacoin, a new industry of new entrepre- neurs will emerge, generating income prospects for those who are in desperate need of them. Individual entrepreneurs may register as Affiliate Marketers in the ecosystem and ease the procurement of products by developing reliable connec- tions with suppliers due to the prospective change to the supply chain system. Sup- pliers operating in international marketplaces with limited language abilities may choose to partner with an affiliate who is more fluent in the language and culture of the target export nations.
At first glance, this may seem to be a return to third parties. However, the crucial distinction is that these are people, not giant organizations with increasing expenses and profit objectives. Each person is free to pick who they want to work with or not cooperate with on the Implacoin network.
1. The Dental and Medical Industry is its own micro-industry with a high number of daily transactions.
2. Bringing together dentists, suppliers and patients onto one network is inevitable. However, we intend to create significant value on our specific platform to differenti- ate from other blockchain projects.
3. We understand the needs of dentists and business owners.
One of the unique aspects of this project is that we will build a massive online eco- system (MOE). In contrast to massive online platforms (MOPs), we seek to build an online community dedicated to the dental industry and medical tourism, which will benefit the stakeholders directly engaged with the platform via the App.
Although massive online platforms successfully connect many individuals, we believe that Implacoin will incentivise stakeholders who have a real commercial interest to run their businesses more profitably and sustainably. By facilitating access to a software application that integrates many of the existing requirements of dentists, it improves efficiency across the network participants.
Finally, imagine that the dentistry business had a centralized environment for edu- cation and training. This would simplify the process of visiting different websites and points of interest online in such a situation.
Any country’s development is undoubtedly influenced by the caliber of its public healthcare system. Illustrating the effect of excellent governance on the results of dental and oral healthcare administration in public and private dental societies is one of the many goals of the Implacoin project.
Social structures typically have a system of government. One structure managed by such systems is cryptocurrency. Through governance, a set of broad guidelines are established to be followed in order to ensure the system develops well.
Implacoin features a more decentralized governance model than earlier cryptocur- rency projects, which were generally run by a single person or a limited number of individuals. With Implacoin, a set of rules agreed upon by all users involved in the blockchain serve as the foundation for governance. The management and advance- ment of the project require strict adherence to these regulations.
Maintaining the functionality of a cryptocurrency or project in which all users are involved is the primary goal of governance. On the Implacoin platform, these rules established by consensus among blockchain participants, serve as the foundation for governance in the technology. A system member commits to cooperate or not with the system through governance. An on-chain governance structure will be used by Implacoin. The major goal of this sort of governance is to immediately democra- tize crucial elements like decision-making on the blockchain. On-chain voting meth- ods that are customized for each network enable this.
In contrast to off-chain governance, on-chain governance models have reward mechanisms. This form of governance seeks to create a more equitable and decen- tralized system by shifting authority away from blockchain miners and developers and toward its users. The voting results in the on-chain system are also different from those in the off-chain method in that they are open to all users, making them more transparent.
IDI is a currency, and the maximum supply is balanced between price inflation and the cost of goods.
Implacoin has reserved 60% of the total IDI-POS supply of 500M coins to allow for the Staking system.
Staking rewards will be up to 8.5% per annum based on the staked balance. Rewards from staking come from the reserved pool of IDI-POS.
Stakeholders are able to use rewarded IDI-POS by exchanging it for IDI and then into fiat or reinvesting into more IDI-POS to increase the potential for rewards.
Testifying its viability and resilience, this token system has been used effectively and successfully in prior projects, thus reducing the risk of effects by individuals or groups with malicious intent. Because of creating a second support coin, i.e. IDI-POS, we can leverage the protocol to secure the network and the ability of par- ties to dump fake IDI-POS into the market.
In 2020, the global dental market size was estimated at US$ 371.4 billion, and it is expected to reach US$ 698.8 billion by 2030, with a CAGR of 6.4% during the forecast period.7
Furthermore, the global dental implants market is projected to grow at a CAGR of 10.2% from 2022 to 2027, reaching a total of $8.69 billion by 2027.8
The world’s population’s aging is the critical factor that drives the demand for quality healthcare services. “Worldwide, the current number of persons aged 65 years and older worldwide is approximately 750 million. That number is expected to more than double over the next three decades, reaching 1.5 billion older persons by 2050. As a result, the world’s proportion of older persons is projected to increase from 10 to 16 %, or about one of every six people in the world will be in the age group 65 years and older.” 9
Oral healthcare will see a large increase in demand as we age and retain more teeth due to improved general dental health. As we age and lose teeth, the need for modern tooth replacement techniques such as dental implants and regenerative stem cell therapy will also rise dramatically. Additionally, we observe emerging nations’ economic prosperity and a higher understanding of the critical nature of oral health than in the past. Dental services will continue to expand in popularity and demand worldwide.
We will embark on a comprehensive market penetration strategy. We will employ various marketing tactics to ensure we reach every group of potential customers, network members, and investors. Here is what we will do:
We will be engaging the global dental community: IDI’s distinctive characteristics will be showcased globally at dentistry and healthcare trade fairs. As early adopters, we will provide instructive material for dentists. Although this initiative does not need experienced blockchain investors, their involvement will help expedite the plat- form’s adoption. There are over 1.6 million dentists worldwide, and each one of them has a compelling incentive to invest in or work with us.
Use innovative marketing tactics: We have developed a plethora of onboarding strategies for dentists. One example is constituted by the provision of pre-loaded credit or debit cards with commonly used cryptocurrencies to try in the online store for themselves to ascertain the validity of the concept. Further concepts are more private and confidential, beyond the scope of this whitepaper but involve B2C mar- keting utilizing the pre-existing relationships between dentists and their trusted patients.
Airdrop campaigns and referrals: Airdrop campaigns will be launched with the purpose of growing the Implacoin community, attracting participants and growing exposure to Implacoin. The campaign participants will receive free Implacoin tokens in their Implacoin wallet with higher interest rates or higher limits for loans. However, being a participant in these campaigns requires the participants to meet certain conditions. These conditions will be communicated through different chan- nels of communication. Moreover, the receivers of these tokens are able to use them immediately. In addition to the airdrop campaigns, referral benefits will be used to attract more participants. Through the referral program, the participants who refer new clients to Implacoin will have better interest rates, thus encouraging the expansion of our clientele.
Costs will be incurred for research, development, and stimulation for future adoption. These are key elements of our project development approach. However, other expenses will emerge like legal services, operating costs, and business partnership development. We believe that our tokenomics model and the technologically advanced nature of the project will attract investors.
The whole premise of building an ecosystem through which dental goods and services transactions can occur in a transparent, frictionless and P2P manner is not without its cost. Additionally, it is necessary to consider the network’s infrastructure, including both hardware and software.
Furthermore, anticipated governmental regulatory fees and minimal staffing costs, particularly for the service company required to ensure the smooth operation of the network of participants.
Ongoing fees will be related to improving the App, online portal and ongoing system upgrades. Network security and cybersecurity will be essential components of ensuring the system’s integrity.
The primary source of value of Implacoin will be a result of the volume of daily trans- actions going through the network.
Access to the App will be free for the patient, dental and medical clinics, medical professionals and suppliers. The initial costs of development are accounted for in the initial fundraising.
However, the App will have other aspects that will significantly benefit dentists. By using the Training and Education aspect of the website, they will have access to community-generated education content and webinars. This aspect of the website will require maintenance, and data storage costs. Besides, this will need to be suit- able for video streaming.
Nevertheless, the advantages of accessing this platform will outweigh the costs of the software subscriptions. Dentists and medical professionals will have access to worldwide sources of knowledge for teaching their employees, and for their own personal growth and continuous education. Subscription fees will only be charged for software that will be updated on a regular basis. On top of that, these fees will also be re-invested into the platform in the same proportion as commission fees.
An administrative service company in Amsterdam based on an established compa- ny in Dubai, will manage all Implacoin-related transactions and ensure needed resources are available for ensuring that commitments are adhered to, liabilities are limited, insurance against token loss is provided whilst providing initial online sup- port for new users to the platform. The service company forms the backbone and security for the Implacoin network.
Implacoin Company, An established company in Dubai, will hold all crypto and fiat related accounts. The reason for this is to avoid operational difficulties that are common in some other, less predictable jurisdictions.
The company will manage the income from the Implacoin project and profits from investments. This entity will mostly be hosted and administered by local accoun- tants and a local legal office.
Operational tasks are outsourced through service agreements to Implacoin compa- ny or other third parties, based on whichever option is more economical.
A supervisory board of three persons, later to be extended to a five-person board, decides upon strategic issues, approves procedures, regulations, and guidelines for administering the funds, and will make the final decision on investments.
0900 Dentist cooperation unlimited includes 0900 Implant Ltd., 0900 Implant Academy Ltd.
Investment participation and franchising agreements should be established in the first years. These companies publish their financial figures annually, following Dutch law.
Mehdi Hashemi, the founder of the Implacoin project, 0900 Dentist unlimited, and 0900 Implant Academy in the center of Amsterdam has worked in dentistry for over 30 years and has extensive experience. This is the entity and key person that will execute Implacoin’s business mission: to increase the use and popularity of the token worldwide and create the management and reporting environment for a self-propelling growth infrastructure.
The website, back-office functionality and related apps will be developed step by step, starting with the roll-out of the payments and exchange platform immediately after launching the token on the first exchange.
Also, we plan to expand our team in the future by inviting new individuals. We will use tokens received as DevFee commission to pay salaries to the new team mem- bers.
The Implacoin project will be engaged with multiple corporations, including the government. We would like to work side by side with government regulatory bodies in order to provide services and assistance to those who need it. One exam- ple of such collaborations is the Regenboog group based in Amsterdam, which aims to help those in difficult situations get back on their feet and integrate into society. We are currently working with this group with the purpose of making a pos- itive change in the lives of those in need, and we plan on expanding this collabora- tive assistance further with time.
With the adoption of the General data protection regulation (GDPR) across the EU, Implacoin will also adhere to these regula- tions to the fullest.
Implacoin will not collect any data beyond what is necessary for the intended purpose, and will treat the personal data of users with accountability, confidentiality and integrity. Moreover, The individuals are in full control of their data and can choose to stop sharing or storing it if they wish to.
As required by GDPR, collection and sharing of all personal data such as names, addresses, biometrics, photos and all other per- sonal information will not be without the permission of the users. Implacoin will not share the data of the patients and other users with any third parties without authorization and will always request permission in a clear and non deceiving manner.
Implacoin will be easily traded between digital currencies of the participant’s choice. Notwithstanding, to interact and obtain the benefits of the ecosystem, one must purchase Implacoin at some stage. Thus, Implacoin is a utility token.
Transparency is ensured between token exchanges and tracked with permanent records of transactions within the platform, so fraudulent activity can be monitored and reported, especially if there is any malicious activity to manipulate the token supply.
The purpose of this white paper is to introduce Implacoin projects and Implacoin to potential buyers in connection with a crowdsale campaign and give them a basis for conducting their analysis before participating in this sale by purchasing coins. The information in this document may not be exhaustive and should not be viewed as an offer to conduct any contractual relationship. This document is for information and illustrative purposes only.
All the data used in the document is collected from open sources. Estimates and financial information contained in the white paper could be prone to numerous and significant risks (whether known or unknown) and uncertainties that the Implacoin project can’t prevent or influence. This could cause events or results listed in this text to be different from those prospected by estimates and mentioned forecasts. Technical information presented in the white paper has not been subject to an independent audit or analysis or an expert review by any professional advisers.
This white paper should not be viewed as investment advice or as a recommenda- tion regarding any particular security or course of action. There is no guarantee that the Implacoin project will achieve the projected results under market conditions that are uncertain and subject to change.
Implacoin Token is a utility token. This product is a digital asset and has not been registered under the Securities Act, the securities laws of any state of the United States, or the securities laws of any other country, including the securities laws of any jurisdiction in which a potential token holder is a resident. And has been estab- lished with the approval of legal attorneys in Dubai. Implacoin Tokens cannot be used for any purposes other than those provided in the white paper, including, but not limited to, any investment, speculation or other financial goals.
Implacoin cannot be used for any other purposes than those listed in the white paper, in particular for investment, speculation and other financial transactions. The Implacoin is not intended for sale or use in jurisdictions where the sale or use of digi- tal tokens may be prohibited.
Implacoin is not an investment product, but a tool for accessing medical services at a discounted price when needed. The Implacoin project team is not promising any future profit or gain from the purchase of coins. The project’s crowdsale is not a public offering of securities, and it should not be subject to corresponding regulatory requirements.
However, as governments all over the world are continuously working on regulation and best practices for cryptocurrencies in the future, Implacoin may be subject to such regulation. This may cause additional complexities in the course of the proj- ect’s realization. Using Implacoin may, for example, be subject to local taxation, income or capital gain taxes, and other forms of tax.
There may also be errors and security vulnerabilities in the source code of the soft- ware used in the Implacoin system, which may, under certain circumstances, lead to multiple problems, including reduced ability to access purchased coins, reduced usage of coins or losing control of the Implacoins in a buyer’s account.
In the event of realization of any of the risks mentioned above, the Implacoin project team won’t be able to solve any of the problems, remedy the complications, offer refunds or offer compensation for lost assets.
No part of this document may be reproduced in any manner, in whole or in part, without the prior written permission of the Implacoin project team.
Transparency is ensured between token exchanges and tracked with permanent records of transactions within the platform, so fraudulent activity can be monitored and reported, especially if there is any malicious activity to manipulate the token supply.
One of the objectives of this initiative is to encourage the adoption of innovative technology in the dentistry and healthcare industry. One such example is regener- ative medicine and cellular treatments, which are increasingly taking center stage in the medical world on a daily basis. Eventually, these developments will have a transformative effect on the dentistry business.
Stem cell therapy (STC) will soon be one of the top global regenerative medicines, with an estimated market size of $21.3 billion by 2025. While implants and false teeth can solve many dental problems, they come with many downsides. These procedures can be replaced through stem cell therapy by allowing patients to regrow missing teeth.
Stem cells from the patient themselves may be used to regenerate tooth (dental) components. Due to the fact that they come from the patient themselves, the likeli- hood of rejection is highly unlikely. The costs will be reduced as the technology improves.
Implacoin will bring academics, research institutions and clinicians closer together on one platform to push forward the industry collectively.
Evidence-based medicine will be encouraged, and Professor Forouzanfar of the Global Society for Skeletal Regeneration (GGSR) will act as a trusted advisor in this project. GSSR is a non-profit organization that unites researchers, clinicians and companies working on improving the availability of regenerative medicine for all patients, including those in less developed (LD) countries.
Dr. Behrouz Zandieh will also be acting as an advisor for this project. He does research in regenerative medicine, bone and cartilage tissue engineering, stem cell therapy, and bio-materials. He is a senior scientist at the Academic Center for Dentistry in Amsterdam (ACTA).
Our belief is that STC will remove some of the disadvantages of current treatment methods, including the artificial replacement of dysfunctional anatomic compo- nents of the body.
We are a group of driven professionals from diverse backgrounds who are united for one cause; to improve the patient’s condition. We believe in freedom and equality for all people worldwide, regardless of their geographical location, eco- nomic situation, race, or ethnicity.
We are realizing more and more that the current dental and healthcare system is not satisfactorily designed to serve the needs of the patients and dental practi- tioners. As a result, gross inequalities are resulting in a significant burden of expenses which are creating time pressures for dentists while at the same time, reducing the quality of care that is provided to the patients.
This project is the result of many years of hard work with the sole purpose of giving back control to the people. For the benefit of both medical service provid- ers and patients, we hope we can help make this change happen in our field of work.
Implacoin is not a project about cryptocurrency or even blockchain. This project is about re-establishing our fundamental right as people to accessible and afford- able dental care. This whitepaper will highlight clearly to anyone willing to hear that there are enough resources currently available to adequately service the oral healthcare needs of every person on the planet. Dental care is not a privilege of higher function or status, it is an inalienable human right.
Our vision is global, and our desire to create something meaningful in the dental industry is genuine. Blockchain science will enable a permanent and lasting posi- tive effect on dental healthcare and its delivery to patients. In the future, block- chain has the potential to disrupt the entire healthcare sector. For now, the dental industry needs improvement in its efficiency.
We invite you to read our Implacoin whitepaper with an open mind and don’t ask how, ask when…
The Implacoin team