What Is Bamboo? An Introduction

Bamboo
5 min readSep 23, 2019

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Access to quality essential healthcare services, affordable medical aid, and boardless health insurance is the pledge of mankind’s longevity and good health. Yet today, no country in the world can boast of a perfect healthcare and insurance system, even the most innovative and eco-friendly ones.

What are the prospects for our lives if things continue going this way?

Sobering Data

The abysmal statistics say that 75% of global deaths from non-communicable diseases happen in emerging markets, while 54% of them are due to diabetes in Asia.

No less of a severe problem is unsafe food production and consumption. Every day, more than 200 cases of gastrointestinal tract diseases, ranging from diarrhea to cancers, are developed as a result of consuming harmful bacteria, viruses, parasites or chemical substances and causes.

When searching for the reasons behind these issues, you’ll find that one of the leading reasons is a tremendous healthcare protection gap, particularly in the Asian region (and specifically ASEAN countries).

It’s familiar to all of us: without an expedient insurance program, the unforeseen illness usually results in out-of-pocket medical expenses, causing serious financial and psychological stress.

Summarizing the recent costs, it turns out that the Asian healthcare protection gap amounts to $1.8 trillion. When it comes to the ASEAN countries, where a minimum salary is $110 a month, such a gap equals 10%!

For some people, this won’t be an actual problem as the minimum insurance coverage is enough for their recovery. However, more often patients require additional medical services, going far beyond the government-ensured aid. Being referred to the private clinics, taking a lot of paid tests and diagnostics lead to the extra costs, which patients can’t always afford. That’s the reason why over 40 million residents of Asia refuse medical support to avoid financial pressure.

A New Era of Healthcare with Bamboo

Bamboo is a symbol of endurance and persistence. No wind or storm can damage its sturdy root and stem.

We see the future of human health the same way: enduring, strong and vigorous. The mission to establish a top-notch ASEAN healthcare and insurance system and achieve universal health coverage guides our every action. And here is how we are building the bridge over the existing health protection gap.

Insurance for Everyone

First, our motto is “Insurance for everyone.” We strive to make medical insurance accessible, affordable and reliable for all. By implementing blockchain, IoT and AI-based technology, our product serves to determine and eliminate falsehoods and frauds, thus, making interaction with medical institutions as safe and transparent as possible. Bamboo monitors every aspect of client treatment, as well as the actions of all parties, to minimize costs and prevent inaccurate results.

Healthy Living on the Go

No less important is the emphasis on preventing illnesses and serious health conditions. Bamboo promotes the idea of a healthy lifestyle and will be educating users on how to take care of their physical, mental, social and spiritual wellbeing via a convenient user-friendly mobile application. By using it, you can stay tuned with the results of your daily activity and rest (number of steps, sleep quality, consumed food tracking, etc.) that will provide you with valuable insights on your health. You’ll see the progress and changes in your behavior and lifestyle, which will further cause personal satisfaction and boost motivation.

Know Where Your Food Comes From: From Farm to Fork

Since we’re aimed at increasing your safety, we couldn’t pass by the issue of food production and consumption. The implemented artificial intelligence allows to track all links and participants of the supply chain to evaluate the quality of each ingredient and make sure the product matches all health standards and parameters. Our motivational token system encourages manufacturers to use only safe and fresh components. We timely exclude suspicious suppliers and unethical food and drink labels.

Be Healthy and Wealthy

The pivotal part of Bamboo, is the reward Bamboo token system, available for all users. We’re actively expanding the partnership network, consisting of medical/insurance/food production services providers who offer regular discounts, trading opportunities and other perks.

Being the owner of Bamboo tokens (which, by the way, are based on ERC20 Standard), you have a wide range of exclusive benefits at your disposal. You can get discounts at fitness centers, pay with Bamboo tokens for items in the online stores within our ecosystem, or trade on the Bamboo exchange list.

What’s more, by investing in Bamboo, you’ll be receiving a passive income of 15% of annual profit declared as a dividend and a one-time bonus of 5% from the accumulated profit over the first five years. We want to reward and promote healthy living, and your loyalty to the cause!

Closing Thoughts

Bamboo is currently in the process of running a Private Sale. Our fundraising goal is to raise $2 million Soft Cap (of which $1 million has already been raised) and $10 million Hard Cap. In October, our Pre-sale will open to the public, but feel free to join the whitelist so you don’t miss the opportunity.

Stay tuned for more news by following us on Medium and our other social channels:

Website: https://tokensale.thebamboo.io/

Facebook: https://web.facebook.com/thebamboo.io/

Telegram: https://t.me/thebambooio

Twitter: https://twitter.com/_thebamboo_io

LinkedIn: https://www.linkedin.com/company/thebamboo/

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Bamboo

Insurance for Everyone — Free and borderless insurance through blockchain, AI, and machine learning technologies.