MSP Recovery LLC, a healthcare recovery firm located in Miami, U . s . States and valued in the area of $32.6 billion, has announced a collaborative partnership with Web3 solution Tokenology to produce a fraud-prevention blockchain platform, entitled Lifechain.
Lifechain will aim to make use of the verifiable and transparent nature of blockchain technology to boost the ease of access of healthcare charges, claims and medical records for patients and industry professionals.
MSP Recovery’s consumer application LifeWallet — which launched in The month of january this season and it has since registered over a million users, based on recent data — will house we’ve got the technology alongside a tokenized solution LifeCoin.
The pr release provided greater context in to the proportions of the job inside the medical industry particularly, working in the area of reimbursing secondary health care insurance payments.
“The massive quantity of daily medical claims being tokenized is anticipated to exceed 50 million/day by 2024, requiring the type of scale, security and sustainability that just Polygon delivers.”
An initial-of-its-kind commercial platform for fully tokenizing healthcare services.
Find out more https://t.co/kEaYUQltnN
— Polygon – MATIC (@0xPolygon) May 20, 2022
MSP Recovery grew to become a openly tradable company in mid-2021 following a acquisition of Lionheart Acquisition Corp II and runs using the Nasdaq underneath the ticker symbol MSPR.
The co-founding father of Polygon (MATIC), Sandeep Nailwa, shared his assessment from the partnership, proclaiming that the work is “truly impactful” and “a proof of the evolution of enterprising new solutions that developers like Tokenology are building using Polygon technology.”