How is a caregiver app or an ISO for caregiving going to remain decentralized? If it's not decentralized and it has no business being spoken about on this forum.
The app is decentralized because the CareCoin is a core element of the Care4Me application's architecture, to exploit the programming power of the Smart Contract.
Unlike other blockchains out there, the Ethereum Virtual Machine (EVM) allows the software developer to perform programming actions of any complexity right on the chain, visible to the public. Of course, not every software function in Care4Me needs to be performed on-chain. However, certain actions are best broadcast on this public ledger. Here are some activities we expect to do on-chain, which will innately make Care4Me stronger compared to completely proprietary nursing services platforms:
1. Certification of Nurses' professional qualifications by independent reviewers, what we call the Director of Nursing function, and publication of the proof of this work on the blockchain.
2. Reviews of Nurses' performance on cases assigned to them will be recorded on the chain.
3. Customers who use the nursing services will be awarded coins as loyalty points, and will be able to redeem them to pay for goods and services, similar to airline miles.
4. Performance rewards to nurses will use coins, similar to gift-card programs.
5. We will facilitate the exchange of coin balances with other popular token coins, so that nurses and customers can redeem their rewards for tokens and points issued by other companies and platforms. This trading liquidity, combined with the use of the coin as a payment medium, will give it the characteristics that make a currency widely held and used.
6. As a specialized currency focused on nursing and related medical services, we will add the element of trust to financial transactions because all the parties on our platform will have been through some kind of review or evaluation process, and the results will be recorded on the blockchain, tamperproof, and for all to see.
