MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative

MSP Restoration LLC, a healthcare restoration agency based mostly in Miami, United States and valued within the area of $32.6 billion, has introduced a collaborative partnership with Web3 resolution Tokenology to launch a fraud-prevention blockchain platform, titled Lifechain.

Lifechain will search to make the most of the verifiable and clear nature of blockchain expertise to boost the accessibility of healthcare fees, claims and medical information for sufferers and trade professionals.

Related articles

Binance upgrades Proof of Reserves verification to include zk-SNARKs

2023-03-15

The history of mining: From the stone age to the digital era

2023-02-10

MSP Restoration’s shopper software LifeWallet — which launched in January this yr and has since registered over 1 million customers, in response to latest information — will home the expertise alongside a tokenized resolution LifeCoin.

The press launch offered larger context into the size of the duty inside the healthcare trade; notably, working within the subject of reimbursing secondary medical insurance coverage funds.

“The huge variety of every day medical claims being tokenized is predicted to surpass 50 million/day by 2024, requiring the form of scale, safety and sustainability that solely Polygon can ship.”

@DiscoverMSP, a $32.6 billion publicly-traded U.S. healthcare firm, has partnered with @Tokenologycom to launch LifeChain #onPolygon.

A primary-of-its-kind business platform for totally tokenizing healthcare providers.

Study extra https://t.co/kEaYUQltnN

— Polygon – MATIC (@0xPolygon) May 20, 2022

MSP Restoration turned a publicly tradable firm in mid-2021 following the acquisition of Lionheart Acquisition Corp II and operates on the Nasdaq below the ticker image MSPR.

The co-founder of Polygon (MATIC), Sandeep Nailwa, shared his evaluation of the partnership, stating that the mission is “actually impactful” and “a testomony to the evolution of enterprising new options that builders like Tokenology are constructing utilizing Polygon expertise.”