HEAL Bond on Blockchain is collaborative approach to curing HIV, which uses blockchain technology as a tool to provide complete transparency of the accumulation and distribution of funding.
This is a social impact bond in which a commitment is made to pay for improved social outcomes that result in public sector savings. It is modelled on the Gavi bond project to provide vaccines in developing countries, which brought the pharmacology industry together with the likes of the World Bank and the Bill & Melinda Gates Foundation. The Gavi bond has so far raised $5.5bn.
The HEAL Bond, which improves on the Gavi model with blockchain and IP commons components, hopes to ultimately raise $10bn. HEAL Bond for Blockchain was presenting at the recent SWIFT Business Forum, because the technology is now entering its second phase of testing. Being at the testing stage, the project wanted to make clear it is not presenting itself as an investment offer at this time. Four years in the making
Peter A Jensen, chief executive of Finclusion Systems and a lead arranger for HEAL Bond on Blockchain issuance by HEAL Alliance, told IBTimes UK : "HEAL Bond has been in development for well over four years at HEAL Alliance, and along came blockchain technology some years ago.
"We have a collective and a collaborative model for Heal Alliance; that’s what it’s all about. And of course blockchain is open and so the data will be transparent and public, so all the monies that come in on the bond will be transparent. It’s a huge driver here.
"When you talk about public health, it’s about us, right. And when you talk about an issue which is an infectious disease, which is a terrible disease, and is very expensive and both from a humanitarian point of view and an economic […]
