Crowd Funded Cures

https://crowdfundedcures.medium.com/pay-for-success-contracts-a-new-model-to-develop-new-therapies-from-old-drugs-f69b2189184d

https://vitadao.medium.com/frens-a-generalizable-legal-framework-for-fractionalized-ip-nfts-80ed9ab39707

We envision administering pay for success or SIB smart contracts as a distributed autonomous organisation (DAO), a novel type of organisation that runs autonomously on a blockchain protocol and enables participation by virtually any person or entity across the globe via CFC Tokens. This idea is similar to the concept of Retroactive Public Goods Funding proposed by Vitalik Buterin to fund public goods, but where the smart contract criteria for outcome payments are calculated with reference to spec.

We have a Solidity smart contract that lists the Payors who deposit the fund to the contract. The fund stays in the Escrow account of the contract. The investor is issued a IP-NFT and pays the Clinical Research Organization to conduct the trial through smart contract. After the result is available, the result is validated off-chain but posted on the chain when the group of validators validate the result using multi-sig message signature. This event triggers payout to investors from Payor's Escrow account into the IP-NFT which may have fractionalized owners.

https://vitadao.medium.com/frens-a-generalizable-legal-framework-for-fractionalized-ip-nfts-80ed9ab39707