Decentralized Healthcare Crowdfunding: Leveraging Smart Contracts for Global Medical Research and Treatment

Abstract

This article discusses the creation of a decentralized healthcare crowdfunding platform using Thirdweb technology. It explores the growth of crowdfunding in healthcare emphasizing its role in funding treatments from various sources. Multiple existing fundraising platforms are identified to understand their suitability for medical research and treatment to carry on funding campaigns. The goal is to develop a decentralized medical funding application for research and treatment that enables researchers to create fundraising campaigns on the Ethereum blockchain while ensuring transparent and auditable usage of funds through smart contracts. The study's main contributions include a development process for healthcare crowdfunding platforms, enhanced security through audited smart contracts, improved scalability for global initiatives and a user-friendly interface to encourage broader usage. As proof-of-concept validity, the fundraising application was deployed to blockchain and can be accessed by the public.