How can the Ethereum blockchain help finance HIV treatment?

Crazy comment : By issuing HEAL bonds on the blockchain to raise funds for HIV treatment, the blockchain is an open model, so the data will be public and transparent, so all the funds on the bonds are transparent. It has played a great role in promoting the development of HIV treatment, which is underfunded. Peter A. Jensen, CEO of Finclusion Systems, believes that smart contracts are the most perfect third-party agents. The transaction terms are automatically embedded in the distributed consensus system, which can fully guarantee the security of financing. The era of ending HIV will begin in 2016.

Translation: Nicole

Blockchain provides a fully transparent decentralized funding tool to issue HEAL bonds on the blockchain to raise funds for HIV (AIDS) treatment.

With 37 IMF advanced economies now spending more than $66 billion per year on HIV, the HEAL Bond is a social impact bond that forms a committee to pay for socially improved outcomes that will save the public sector significant money in the future. The HEAL Bond is modeled after the Gavi “vacuum bonds” that provide funding to developing countries, bringing together the World Bank and the Bill & Melinda Gates Foundation. Started in 2006, the Gavi Bond has raised $5.5 billion so far, with $7.5 billion in commitments.

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HEAL bonds will improve the Gavi model by using blockchain and IP sharing, hoping to eventually raise $10.2 billion. The HEAL bonds on the blockchain appeared at the recent SWIFT Business Forum in London as the technology enters its second phase of testing, during which the project is currently not investable.

Peter A. Jensen

Peter A. Jensen, CEO of Finclusion Systems, who is also the blockchain manager and blockchain service provider (BSP) for the HEAL Bond issued by the HEAL Alliance, told IBTimes:

“HEAL Alliance’s HEAL Bond has been in development for over four years and with the advent of blockchain technology a few years later there is an opportunity to create a unique direct-to-market compliance stock.”

He said:

"We have a collective model for Heal Alliance. Of course, blockchain is an open model, so the data will be public and transparent, so all the funds on the bond will be transparent. It has played a big role in promoting the development of underfunded HIV treatment."

Jensen said:

“When you’re talking about public health, yes, it’s about us. And when you’re talking about a serious infectious disease, it’s very expensive both from a humanitarian perspective and from an economic perspective — everyone should know what’s going on.”

HEAL Alliance and its product HEAL Bonds form alliances with fintech service providers. Jensen explained that the blockchain model provides a “consensus-based programmable mechanism for tracking the distribution of funds”, so we know that the funds allocated to the core mission of research and development can be distributed through jointly managed social projects.

“While it won’t help investments now, it will someday, subject to regulatory compliance. Our investors will have the opportunity to invest directly in HEAL bonds in the future, and when investment funds are available, they can invest in R&D institutions. When they make new discoveries, those discoveries can be found in collectively shared IP. The role of IP sharing is essentially to allow everyone with HIV to be cured, in which case the IP licensing income can be recovered, and investors can get their money back through fixed income returns when the time is right.”

The first phase of testing, announced in January at a three-month Davos conference, includes Swiss innovation bank 39, which is interested in “smart bonds.” HEAL Bonds is also looking at permissioned Ethereum technology, which runs on blockchain “smart contracts” computer programs that not only verify transaction inputs and outputs, but also work like bitcoin.

Jensen said that smart contracts are the perfect third-party agents, and the transaction terms are automatically embedded in the distributed consensus system. In this case, the security of the second and third rounds of HEAL bonds can be guaranteed, just like Gavi bonds are guaranteed by national sovereignty. The contract can automatically match investors and guarantors. When investors buy $10 billion of concept bonds, they only need to wait for the guarantor to return $10 billion. Once the sponsor joins, the funds from the bond issuance will be allocated to the task.

“The current model is to get some rate of return on interest-free bonds that need to be repaid by IP sharing licenses. But this is an impact investment and will be an impact investor that can get a competitive return on public health benefits and have a huge global impact.”

HEAL Alliance is a non-profit organization that manages distributed capital through a transparent system and is responsible for HIV Cure R&D organizations such as UCLA, UC San Francisco, Johns Hopkins, Harvard, Oxford, and Cambridge.

“In 2016, 12 million people died of AIDS. Today, 3,200 people have died of AIDS. Everyone agrees that HIV cannot be allowed to continue. Through more than three decades of tireless efforts by the global community, the world has successfully defeated the most terrible epidemic in modern human history.”

Jensen said:

“The end of HIV has begun in 2016.”