Medical Impact DAO

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Problem Statement

This project is about quadratic and retroactive funding to create an Impact Market for Open Source Medicine. Impact investors funding open source IP-NFTs representing unmonopolisable therapies such as repurposed generic drugs, plant medicines, diets and nutraceuticals etc.People donate FIAT or crypto by purchasing an NFT which is available for sale via a gallery. This goes into a Gnosis Multisig.People then can fund IP-NFT that pay for Clinical trials for unmonopilsable therapies conducted by independent CRO.If the clinical trials are successful according to CRO Oracle (which issues a number of impact points for the data e.g. 50% reduction in disease vs usual care = 50 points), they will receive a proportion of the 20% annual outcome payment from the Gnosis multisig, proportional to their impact points.

Solution

This project make use of NFT, Smart Contract, DAO blockchain technology for its implementation. The components are:Crowd funding Landing page to issue Medical Impact NFT as Advance Market Commitments for unmonopolisable therapies in specific disease using NFTPort APIFunding using Superfluid for Clinical TrialHypercert/IPFS integration with Protocol Lab Hypercert project (Future)API to allow issue of IP-NFTs to impact investors via Molecule.to platform, crowd funding of Medical Impact NFT fund via Syndicate.io held in Gnosis Multisig (Future)