Healthcare Incentives Have Gone All Wrong. Can Crypto, DAOs And NFTs Fix Them?

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Healthcare Incentives Have Gone All Wrong. Can Crypto, DAOs And NFTs Fix Them?
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Molecule is not just a “version” of Kickstarter for biology. More definitively, it is a conglomerate of Decentralized Autonomous Organizations

Going to the doctor’s office today does not always bring the word “care” to mind. Visits are often rushed, with endless phone calls and effort to access information online bookending an already de-personalized process. Transferring information across healthcare providers is a herculean task, one that is only really matched by the effort required to get the necessary referrals from one doctor for another.

For Paul Kohlhaas and Vincent Weisser at Molecule, these are all just symptoms of a broader problem: the extent to which profit has become an overly — if not— deciding factor in medicine. With a high-level goal to cure diseases, they’re most interested in the question of how to fix a broken market, starting with addressing a lack of data liquidity. Ahead of speaking at, they shared a few key insights about their big-picture thinking.

“Our thesis is that the best way to fix these problems is to involve patients as a platform to drive and fund research. So we think of Molecule as a Kickstarter-type marketplace for translational work for these communities,” explains Weisser, Chief Ecosystem Development Officer. In other words, to fix problems in the doctor’s office, Molecule wants to put patients in the driver’s seat in terms of the very data that enables them to be treated at all.

Molecule is not just a “version” of Kickstarter for biology. More definitively, it is a conglomerate of that is built around a cryptocurrency protocol that decentralizes funding and intellectual property ownership. By using this protocol and its instruments — specifically, IP-NFTs or intellectual property non-fungible tokens — to tokenize sponsored research agreements, Molecule aims to make these aspects of the research process more transferrable and liquid.

Kohlhaas, as Co-Founder and CEO of Molecule, cites his background in economics and interest in systems thinking and design as foundational to his understanding of problems stemming from centralizing authorities in terms of funding, replication, competition, and communication. “Incentives for medicines to be brought to market are not to cure but to treat people and build sustainable business models around medicine,” he argues.

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