Personal data aggregation and data processing services will give the consumers more insight and therefore more power to choose products and services. With more insight the consumers can exercises Choice. With more power over choice, the consumer can create fair competition from providers and making a Marketplace for these services a buyers market. This means that prices for services will come down for the consumers and the providers will offer more value added services.
Because the consumers have their data this will mean that they can access non-regulated services offered wherever they may be in the world. Using Blcokcahins' Decentralised ID(DID's) and Stable tokens implentation we can secure their data and make services accesible and available globally.
The project is a solution to the spiralling costs of healthcare. It also gives the people skills and knowledge about their health and wellness and therefore giving them the ability to manage it. This will over time, decrease the burden of goverments in managing the healthcare of their population.
The Marketplace will develop B2C tools for the consumer side and business side to collaborate with each other to create compelling products and services that are personalised to the consumer based on their aggregated data insights. Consumers from developing countries can access services from advanced businesses globally and the tools used by everybidy to track and monitor their health. Small company and Corporations can widen their offering by directly offering products to consumers globally at an equal footing with big brands creating competition.
The solution was conceptiualised with web3 fully in mind using DID's and Token systems for global payments and management of the community rewards and participation.
Healthcare is a well regulated market. Incumbents may use market and financial leverage to assert their dominance to sway governments to create barriers to entry in some jurisdictions.