Community Capitalism for Crowdfunded Medical Research

by Thomas C Veatch


Here we bring more specific form to a particular Community Capitalism implementation using electronic funds and contractual agreements to crowdfund medical research.

Roles

Constituents in the process of medical research crowdfunding include the following roles:

Requirementss

Imagine now a tight yet flexible contracting system in which the contribution of funds on the front end is carried out subject to a contract -- a many-party contract, or a set of linked contracts, that ensures on the back end that contributed funds actually receive their expected value. "Tight" in that the system is required to deliver an acceptable result before the funds are delivered. "Flexible" in that only the roles required for the particular research project are used while unneeded roles are not.

The contract set must include obligations of the many constituents to competently perform their appropriate roles, such that the demands of the original contributors of the funding are actually met through the joint completion of all the different roles to produce the research output bearing on the question asked.

Given such structure one may hope that reward bringers will fund designed questions for competent researchers to answer definitively. This will then occur outside the requirements of Big Pharma and the NIH, and thus that our urgent, life-saving questions may be answered sooner and better than otherwise possible.

Software Components

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Copyright © 2017 - 2022 Thomas C. Veatch. All rights reserved.
Created January 8, 2017. Modified: February 14, 2022, July 23, 2022