Once Upon a Time a young man named Vitalik Buterin presented the concept of “Ethereum” to the cryptocurrency community. Vitalik became a Thiel Fellow and persuaded the world that there’s a better way to write laws, organize ourselves politically, and conduct transactions using a Turing-complete language built on the blockchain.
I would have never imagined, when I began developing on the Ethereum platform, that the concept of a decentralized autonomous organization (DAO) would make popular media headlines so soon. This is the start of something remarkable.
When I presented my vision for decentralized autonomous health insurance in June 2014 at the BitTorrent headquarters, Chris Peel, the founder of the Ethereum Bay Area Meetup, asked me how I would realize my vision. “Well…” I began, “operating health insurance is a big undertaking!” I said, scratching my head. Two years later, the time for a better way to insure our health and pay for health services is here. By cutting out the middle people, Ethereum-powered smart contracts and DAOs promise to dramatically reduce the cost of health services. Why should most of our outrageously over-priced health insurance premiums feed bloated corporations and their executives?
Ancient Chinese physicians practiced preventive medicine par excellence. In ancient China, physicians were compensated when their patients enjoyed good health, not when they grew ill – the opposite of our reactive, fee for service-based health system. Ethereum is our opportunity to end the healthcare crisis, and it’s incumbent on us to carry forth this effort.
DOCTOR WILL WORK FOR ETHER.
NOW ACCEPTING NEW PATIENTS.
Send me a line at firstname.lastname@example.org
Omar Metwally MD