TimiHealth, the first blockchain platform with technology that enables medical records to be transferred at expedited speeds and the producer of the Timicoin, is pursuing a revenue-sharing model with its consumers, one that provides complete transparency on the worth of their health/DNA data and allows them to earn cryptocurrency for it.
A New Consumer-Centric Business Model
TimiHealth continues to lead in consumer ownership, control and the tokenization of all individuals’ DNA data assets.
Often referred to as Timicoin, the Blockchain as a Service (BaaS) company is straying from the current business model used among giant technology companies, which dictates how they collect and sell their consumers’ personal data.
This data ranges from user buying history and search usage to social media conversations, and in the case of TimiHealth, user health and DNA data.
This business model is ultimately favorable to the technology companies rather than their consumers, so TimiHealth has been in pursuit of one that is more consumer-friendly and transparent.
TimiHealth has conceived a consumer revenue-sharing model in which a digital currency gets exchanged for a consumer’s digital asset (their DNA data).
Will Lowe, the Founder of Timicoin/TimiHealth elucidated the goal behind the revenue-sharing model and how it transforms DNA data into digital assets.
The Founder said:
Timicoin/TimiHealth’s goal is to provide a revenue-sharing model with the consumer that includes total transparency on what the data is worth. Each individual is in complete control of the data and can make choices on whether or not to participate in the marketplace. As DNA is translated into a digital record, that becomes a consumer’s digital asset.
Timicoins & The Power Of Blockchain
Consumers can earn Timicoins when they opt to sell their DNA data on the platform. Their earned Timicoins can then be used in exchanges for goods and services that accept the token. They can also be converted to US Dollars.
“We are focused on helping every consumer gain ownership and control of the data, while being able to make choices around earning a passive income from it,” the Founder continued.
Joyce Lignell, the Advisory Board Chairman of Timicoin/TimiHealth observed the power of blockchain and how it not only benefits big tech companies but has the potential to grant control back to consumers.
The Chairman said:
Blockchain is the game-changing technology that will decentralize the marketplace that has benefited the large technology companies. We see this as a moment in time when technology has arrived to shift power and control back to where it should be, with every consumer. Timi makes it possible for you to be a part of the revenue-generating equation and that’s what’s important.
TimiHealth is a Blockchain as a Service (BaaS) platform providing decentralized healthcare data. Its platform is a patent-pending solution that secures patient data.
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