‘Bullish on Healthcare,’ says IoTeX Co-Founder Larry Pang

Blockchain possesses the power to radically change our world — this is widely accepted. But the question of how we get there still remains. Industry leaders like Larry Pang have an answer:  revolutionizing healthcare by leveraging the capabilities of blockchain.

“We’re very bullish on healthcare,” says Larry Pang, IoTeX’s Founding member and Head of Business Development. Sharing his insights in an interview with CoinQuora at the Trescon World Blockchain Summit, Larry explains IoTeX’s efforts for a healthier world.   

“We’re incubating and supporting a lot of healthcare DApps that are building now on IoTeX,” says Larry. He continues to add that IoTeX is a platform that provides tools to DApp builders.

The decentralized network provides identity to different devices such as healthcare wearables. “We have a device oracle that can translate the data from a lot of these edge devices and wearables into something that a smart contract can understand.” IoTeX has also recently integrated Apple Health into its platform.

IoTeX also focuses on incentivizing people, through health care DApps, to be healthy in the real world. “Take 10,000 steps, burn 200 calories. Take some health surveys to get different types of tokens and NFTs that you can then re-distribute to schedule tele-health calls with professionals and get discounts on vitamins,” says Larry.

“We are trying to expand the Web 3 design space into something that’s very sensitive. And blockchain is a way to allow people to own their health data, but also use it in a trusting fashion.”

IoTeX is a decentralized network of users, developers, and businesses that control and use the IoTeX platform collaboratively. It works toward the noble mission of enabling a borderless ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. The team at IoTeX envisions a future where users, not institutions, are in complete control of their devices and data.