When it comes to non-fungible tokens (NFTs), or the growing type of digital certificate that certifies an asset as unique, the world is divided into pro and anti-NFT groups. Those in the former group praise it as an innovative method of financing and ownership of digital media, while those opposed to NFTs point to, among other things, its disastrous consequences on the climate.
On the other hand, the healthcare business expects to profit considerably from NFTs.
What is an NFT
Collins dictionary describes a non-fungible token as "a unique digital certificate, recorded on a blockchain, that is used to document ownership of an object such as an artwork or a collectable" and has named it the Word of the Year for 2021. Creating or "mining" NFT transactions uses blockchain technology, which is the foundation for cryptocurrencies such as Bitcoin.
To summarise, the concept relies on a decentralised network of computers that apply sophisticated cryptography to validate a transaction.
NFT in Healthcare
The most popular NFT use-cases, such as digital art, collectables, gaming, events and tickets, and the Metaverse, the healthcare business, on the other hand, expects to profit considerably from NFTs.
While we know that the healthcare industry has undergone a rapid era of digital change, it still has a long way to go. However, digital acceleration may become more effective and efficient with the proliferation of blockchain-based solutions that include NFTs.
Key NFT Use-Cases in Healthcare
NFTs have the potential to be big in the healthcare business, with several possible use-cases - here are a few:
- Lifetime Medical Record
Sensitive patient health data is dispersed across platforms and is notoriously difficult to access for operators and patients. NFTs offer the ability to overcome these issues by returning control of medical information to patients and simplifying the healthcare process.
Consider what could be possible if primary care physicians could share real-time information with other healthcare professionals, enabling for better cooperation and more patient-centred treatment. NFTs may enable patients to acquire medical test results as soon as they become available, as well as their comprehensive (and frequently different) medical histories, in a timely and convenient manner, without having to expend time and effort recounting their past to doctor after doctor.
- Fitness and Health Data
As wearables, at-home fitness equipment, and other tracking devices gain popularity and widespread acceptance, many people wonder how to use health data while also managing it effectively. Entrepreneurs see an opportunity and are exploiting NFTs to decentralise data gathering, optimise access, and give patients back ownership of their health information.
Limoverse the Metaverse for health and well-being, where you may design your AVATAR to be fitter, stronger, smarter, and healthier. You will be able to customise your Avatar with costumes and stuff.
- Blood Donations
NFTs, like a patient's unique health history and data, may be utilised to track and manage blood donations. Donors of blood are given a one-of-a-kind token that may be tracked throughout the system. NFTs can be used to trace blood from the time it is drawn through its journey to the blood bank and then to its final recipient. The technology may also be used to register it in a digital "blood bank," where the demand for certain blood types can be tracked via a blockchain system and provided to the most vulnerable places.
- Pharmaceutical Manufacturing
By expediting the verification process, NFTs and blockchain can aid in the battle against counterfeit medications. In the case of medicines, NFTs can safeguard and speed the tracking process, allowing for the prompt detection of problems. This implies that problems may be remedied much more quickly, such as identifying and deleting black-market prescriptions from the system.
Limoverse - Mateverse Platform for Healthcare and Fitness
Limoverse has the potential to alleviate some of society's chronic aches associated with healthcare. We provide remedies to all of your health issues, such as:
- Knowing about illnesses ahead of time and changing one's lifestyle to avoid or postpone sickness.
- Self-care through the use of one's own health data and modern equipment to avoid disease.
- Gamification is being used to reward people for being healthy and make wellness activities more enjoyable.
- A wellness practitioner ecosystem for providing comprehensive wellness solutions.
Limoverse provides a universe in which people are empowered to take charge of their own health and well-being based on scientifically derived, highly personalised health data, using advanced geno-metabolic analysis and different quantified self tools, which can be shared and rewarded, where behaviour changes are forced by connecting health with fun and rewards, and where staying fit itself is fun and rewarding through gamification using AR/XR possibilities.
Users can be incentivised on the Limoverse Platform through their own utility token i.e. LIMO Token, where being fit and healthy makes you earn tokens that can be utilized to create avatars. You can also trade/buy LIMO Tokens very soon exclusively on the BuyUcoin Platform at the best price.