Healthureum is Our Best Bet to Restoring Faith and Accountability in Medical Philanthropy
The healthcare system today faces a wide range of issues
that revolve around insufficient funding. Aging infrastructure needs to be
replaced urgently, and shortages in staffing addressed all while pursuing the
latest advances in technology and treatments. Higher operating costs,
particularly those associated with the care of uninsured people, continue
unabated. Further complicating matters include concerns about protecting
patient privacy and other bottlenecks to providing proper quality healthcare.
Medical philanthropy is a vital means through which health institutions can
enhance their financial resources.
In addition to helping with the daily operational expenses,
medical philanthropy can also be considered as a significant investment in
research. All the money collected through philanthropic means goes directly to
be used as working capital for either buying new equipment, scholarships for
doctors and nurses, thus helping further enhance medical research. Simply put,
philanthropic activities in the healthcare are highly essential, and Healthureum
is dedicated to guaranteeing more traceability and accountability throughout
the process.
Blockchain-Powered Donations to Improve Public Trust
With the brand-new Healthureum network, medical philanthropy
is going to be much more seamless, transparent and will achieve its intended
goal. All records of donations and other related events of the nonprofit
organizations are recorded and secured. Most importantly, all these
transactions are visible to all stakeholders, which means that donors can do
their verification to investigate if the charities are achieving their goals.
The Current Obstacles in Medical Philanthropy
Trust is a crucial foundation of all prosperous
relationships, and that is more apparent in the nonprofit philanthropy sector.
If donors do not trust an organization, it is clear that they are not
going to contribute any funds towards helping that nonprofit achieve its goals.
Furthermore, a large percentage of donors believe that it is much more
essential for the organization seeking funds to be cable of affecting the
issue.
Thanks to online fundraising, more users are exposed to
distinctive niche causes and are more inclined to support them. However, the
popularity of crowdfunding to help improve healthcare issues has only
intensified the desire for traceability. With a large number of campaigns being
uncovered as fraudulent, there is apparently a great need for accountability
and transparency regarding where the millions of dollars contributed by donors
are going.
How It Works
Any donors wishing to donate will have to transform their
funds into a digital currency called a Healthureum token. The next thing is to
choose any specific cause to support, from cancer, HIV/AIDS, hepatitis and
other research programs. While Healthureum is currently pushing for increased
philanthropy activities in these essential fields that affect many people, you
can still choose different needy causes to support.
As a way of enhancing accountability, all donations made
through Healthureum will be handled by blockchain-powered smart contracts. In
simple words, a smart contract is a computer protocol that allows transactions
to be executed based on pre-defined terms that are encrypted within the
electronic contract. Once all the conditions are met, the contract
self-executes itself and cannot be altered in any way.
The main benefit of introducing smart contracts in the
medical philanthropy process is that it eliminates human error, interference,
and corruption. With this new technology, philanthropists will be able to
track and monitor donations to their destinations and applications. Through
eliminating the well-known issues of misuse of funds, Healthureum will
eliminate the stigma linked to giving contributions.
The Impact of Improved Accountability in Medical Philanthropy
Through leveraging the solid, transparent, and accountable
blockchain network, Healthureum can create confidence in all donors regardless
of their respective charity portfolios. It is based on the notion that donors
will be able to see clearly how their funds are being utilized on the ground.
The platform guarantees that there is always a direct connection amongst all stakeholders
from the affected parties and health institutions to the donors. All these
features add up to making philanthropic activities worthwhile for any
prospective donor.
As illustrated above, the healthcare sector could benefit
from increased funding, primarily from medical philanthropy, to help enable new
breakthroughs. Healthureum is dedicated
to ensuring financing reaches where it is needed the most to help in
eradicating some diseases that keep hampering the quality of life in many
populations all over the world. To achieve these milestones, researchers will
need all the support they can get, and Healthureum will ensure that they
receive it.
When done in a visible, accountable and transparent way,
medical philanthropy has the potential of transforming healthcare. With Healthureum
advocating for these innovative technologies, it will only mean better patient
outcomes as well as better utilization of funds.
https://healthureum.io/
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