A Novel Application for Niche Cryptocurrencies
Anyone who does not understand that blockchain is the technology that will drive the future has been under a rock for a long time. Even if there is absolutely zero comprehension of what blockchain or Bitcoin actually is, most people have heard the sensational news stories that come out every time a new record value of BTC smashed (we are eyeballing the $20k ceiling here as these words are penned) However, with that said, most people have never used bitcoin in their day-to-day lives, and they have almost definitely had zero experience with trading against bitcoin in a cryptocurrency exchange market such as Bittrex or Coinexchange.io. “What is the point of making those two statements?” Many readers are probably asking themselves this exact same question at this exact juncture of this article. However, what this means is that there is a huge disparity between the capabilities of blockchain technology (such as niche applications, as discussed within) and the deployment of the blockchain for convenience and efficiency in everyday life. The difference between people who understand the inner workings of blockchain technologies versus those who know what bitcoin is but do not use it, and again, versus those out there who are unaware of the massive varieties of niche applications for which blockchain technologies can be implemented is, quite frankly, simply staggering. The purpose of this piece is not to discuss these disparities, but it is necessary to have given the above explanation, so that the article is easily comprehensible. Rather, this article will cover one of the aforementioned niche application of the blockchain that can really revolutionize an entire industry – the substance abuse treatment industry. The United States of America is facing an opioid epidemic that has never been experienced before. Because of this, the demand and intrinsic need for more rehabilitation center beds is a must. The problem is, unless the facility is a bourgeois center in California, the average inner city combination detoxification/inpatient rehab centers across this nation are in an existential fight for their very survival, with many city funded centers being forced to shutter their doors or greatly reduce available services due to cuts in government grants and other nonprofit funding sources, upon which they rely. Thus, if a substance abuse center were to be able to issue their own cryptocurrency, to be given to incoming patients in exchange for their cash/other funds, as instant currency cannot be allowed while a patient is in an inpatient program. These tokens would be used to purchase anything and everything from within the self-contained ecology of the inpatient centers that follow the protocols established for model centers (documentation upcoming). To grow in value, thus providing a stable source of income for the centers that hold tokens as a store of barter value, the token asset would also seek listing on multiple ERC20 token exchanges, thus allowing the market to set the final value of the token, which would almost certainly translate into a budget surplus for the center, which could be used for modernization of equipment and supplies; as well as surpluses that would be obtained on behalf of the patient, as well. This is all a conceptualization, of course, but the plan is to move into a pilot phase within a 24-bed clinical test unit that is fully contained, with food, laundry, recreation, laboring, and many other services all available to be purchased with the niche ERC20 tokens. The reason this is necessary is one of common sense. Addicts and alcoholics should not handle cash during their time in acute treatment as well as the time period immediately following the acute portion of their treatment. The benefits are both indirect and direct, with the highest potential for gain being an indirect benefit of the market fluctuations that will occur while trading the asset that inpatient clients use for subsistence while in the program, all being traded in a free and open cryptocurrency trading market. Because of the practicality and usability of this asset it is very likely to succeed in the markets as well, thus converting this into direct, tangible benefits for the clients and the centers alike. So, the question became – should substance abuse treatment centers have to hire coders to code us up a wallet? Should they have to create our own project from the ground up? Or should they be able choose an ecosystem that is already well-built, well-established, with a stellar reputation to boot; and release their niche project on a well-built blockchain project, like Ethereum’s ERC20 token standard? No, really, the best platform for releasing ERC20-compliant tokens on the fly for practical use as well as an investment tool happen to be the upcoming CoinStarter platform (Join using my referral link for a bonus - www.coinstarter.com?ref=7xjox7q7d). Right now, the platform is in the beta stages, so they are collecting applications for projects that wish to crowdfund or issue a full ICO offering once the platform goes live. The estimated number of projects that are in review is well over 12,000. The amount of wealth that the CoinStarter project is going to create is going to be simply staggering. Personally, your writer has been a member since at least September, but I have recently seen the project begin to take off in terms of features and, most importantly, in vision. The plan is for any project to be able to issue their own currency, once they have been verified by the platform. Niche applications, such at the substance abuse treatment center listed above would be able to issue currency on the fly, as a reaction to a client’s improved work ethic, number of clean drug screens, as well as other positive reinforcement methods – all to be combined with the ability to trade and purchase these tokens in a variety of places, as well as a direct exchange for any cash that a client brings into the center with him/her. Again, this is all conceptual right now, but the idea is very, very promising. If blockchain projects are able to infiltrate into mainstream society with this much ease, the only barrier that really exists now is making people aware of the existence of projects like CoinStarter, which makes it possible to skip the technical know-how associated with coding your own token, right down to fully issuing the new currency with a few mouse clicks or finger taps. Stunning! Sources: CoinStarter Frequently Asked Questions – www.coinstarter.com/FAQ CoinStarter Whitepaper – www.coinstarter.com/whitepaper. RUPEE Digital Blockchain – www.rupeeblockchain.org.
0 Comments
Leave a Reply. |
RDSCRYPTOThe main contributor to this blog is a man named Will (rdscrypto). He is a part of the RUPEE Digital Currency team and focuses mainly on marketing, public relations, and feature implementation. Archives
December 2017
Categories |