MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative

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MSP Restoration LLC, a healthcare restoration agency primarily based in Miami, United States and valued within the area of $32.6 billion, has introduced a collaborative partnership with Web3 answer 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 know-how to boost the accessibility of healthcare fees, claims and medical information for sufferers and trade professionals.

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MSP Restoration’s shopper utility LifeWallet — which launched in January this 12 months and has since registered over 1 million customers, in response to latest knowledge — will home the know-how alongside a tokenized answer LifeCoin.

The press launch offered better context into the dimensions of the duty throughout the healthcare trade; notably, working within the discipline of reimbursing secondary medical insurance coverage funds.

“The large variety of each 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.”

MSP Restoration turned a publicly tradable firm in mid-2021 following the acquisition of Lionheart Acquisition Corp II and operates on the Nasdaq underneath 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 know-how.”