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Discussion on: HealthCare App: Can Personal BioMetric Data Be Monetized?

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Roddy217 • Edited

The Biometric Portal could be developed to offer multiple service benefits like your vision of a centralized health card type system.

My vision would be simpler. You would be selling your actual Biometric data to individuals or companies that are curious or need people for case studies, clinical trials, research papers for medical journals, etc. Your Biometric data could have a royalty or value. Using data only, this service would operate as a software as a service with minimal overhead cost. The web hosting cost, database cost, and basic business expenses would be the only necessary overhead.

A centralized health card system could require money transfer licensing and banking regulations as well as insurance and Federal reporting. The fees and liabilities associated with issuing credit for health care could have risks that out weight the reward due to international money laundering laws and medical insurance kick back issues. The idea of a centralized health card is definitely feasible if the card was backed by an existing financial institution such as web-bank, Visa, Paypal, Libra, or Bitcoin.