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The Roundtable: Healthcare on the Blockchain

Can a decentralized revolution in health insurance improve and expand coverage?

In the United States and beyond, healthcare has become one of the controversial fields of our time. From prohibitive costs to the pitfalls of a profit-driven model, the industry seems less geared to patients’ well-being than ever. Can Web3 address some of today’s pressing issues in medicine? A panel of experts joined Roundtable to talk bioethics and the future of NFTs in healthcare and medicine. In this segment, the panel discusses decentralization in healthcare.

Jane Thomason believes decentralized finance could provide solutions to the current health insurance crisis—but it would require thinking big.

“We need to be reaching high and trying to create something that doesn't exist now. Let's go and meet some of these blockchain companies that are doing disruptive payments and finance, and then find one of the metaverse companies that wants to do an experiment in healthcare, and get some healthcare people who've got a big idea,” she says. “Let’s take a startup mentality and see how we can provide an alternative form of health insurance using blockchain and decentralized finance.”

For Marielle Gross, putting healthcare in the hands of individuals could be key to the future of the meta verse.

“There's only one thing in the world that's for which ownership has been decentralized, and that's the human body. Our ownership of our physical selves is profound and universal, but it does not yet extend into the digital realm. The fullest instantiation of the metaverse starts with the first principle, what we own, which is our bodies,” she says.

“A real metaverse solution could be built from the belly of the existing healthcare institutions.”

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Watch the full discussion below:

Roundtable Guests:

Chrissa McFarlane, Founder & CEO, Patientory

Marielle Gross, Bioethics Professor, University of Pittsburgh

Kristin Kostick-Quenet, Professor, Baylor College of Medicine

Jane Thomason, Chairperson, Kasei Holdings