FUNDING HYPERLEDGER BLOCKCHAIN DAPP FOR COVID-19 PANDEMIC

Abstract

Initial Crypto-Token Offering (ICO) strategy has worked so far to fund any project. In this scheme, the ICO launches a token playing the role of a stockholder’s share; the more the people buy tokens, the more the funding for the projects. The stakeholders also earn money if the project gains more reliability and more people buy this token. In other words, an ICO strategy works based on either selling or buying of tokens in the areas of security, utility, equity, etc. However, this paper’s focus is only on using oracles and Hyperledger, which means that there is no need to launch a token, instead it uses the network blockchain benefits, particularly oracles and the Ethereum virtual machine, i.e. not the Ethereum blockchain platform but its virtual machine. Since this is a proposal for governmental or corporate usage, the Hyperledger and oracles strategy fits better for this application. Funds for this use-case are gathered in the healthcare field, specifically to reduce the COVID-19 pandemic. The system’s reliability is the core for attracting investors and donors to fund the system if it guarantees that resources will get to the right destiny. DAPP is based on a smart contract aligned with the smart societies concept to ensure system sustainability.