A Large Scale Medical Crowdfunding Platform using Smart Contracts in Blockchain | IEEE Conference Publication | IEEE Xplore

A Large Scale Medical Crowdfunding Platform using Smart Contracts in Blockchain


Abstract:

This paper summarizes about the proposed system used for crowdfunding using blockchain. Crowdfunding with blockchain securely provides crypto-denominated assets for emerg...Show More

Abstract:

This paper summarizes about the proposed system used for crowdfunding using blockchain. Crowdfunding with blockchain securely provides crypto-denominated assets for emergency cases with the use of Blockchain Tech. Overcrowding in emergency rooms (ED) has a negative impact on patients' health, accessibility, and high cost of care in community healthcare systems. The goal is to assist users in quickly and safely digitizing the crowdfunding process and organizing the security threat posed by frauds. Smooth transactions are made possible by Ethereum Blockchain's safe encryption of cryptocurrencies utilised for crowdfunding. Through a huge number of little donations, Project Crypto-bute assists in achieving the objective. Additionally, it streamlines and simplifies the process of asking for money. Distributed funding techniques make it possible to raise money rapidly and without incurring debt. The answer described above is the main tenet that will guide you in curating all of the needs. In particular during times of medical emergency, obtaining medical financing ought to be hassle-free, to quickly provide distributed funds. The costs of all necessary medical procedures and critical medical issues can be financed here. If your medical insurance policies do not cover the costs of all necessary medical conditions and treatments, you can obtain financing here. The aim is to reduce the competitive interest rates, low credit scores, and payback plans with the proposed crowdfunding effort. Blockchain technology is used in this case to quickly raise funds, promoting stress-free medical procedures.
Date of Conference: 20-21 November 2022
Date Added to IEEE Xplore: 26 May 2023
ISBN Information:
Conference Location: Vijaypur, India

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