Often times we attribute the benefit of Bitcoin only to financial and economic sector of various businesses and nations. Have we ever thought about the benefit that the Bitcoin network will have if implemented on health care? Especially now that it is rising faster than we expected
Here are some of the benefit I can think of:
We're trying to give too many utility to Bitcoin which isn't a bad thing but we should learn to see Bitcoin for what it is and not try to force something else on it. Bitcoin is a currency and as a currency it primary function is to serve as a means of exchange, other benefits are secondary and shouldn't be a focus. Bitcoin technology can be used for various purposes but its primary function is to facilitate the affairs of Bitcoin as a currency.
Improving Medical research Funding
Funding is a very important part of any research and researches requires a lot of resources and effort. Normal funding processes can be time consuming, however, the Initial Coin Offerings (ICO) that is offered by the Bitcoin technology provides a more seamless approach to funding researchers and healthcare start ups by raising funds directly from individuals and organizations that are interested in the research by issuing tokens.
This has nothing to do with Bitcoin, other currency can be used for funding at a more faster rate than that of bitcoin although the security of the Blockchain aren't the same as those other altcoins or stablecoins as the case may be aren't as secured as the Blockchain of Bitcoin is but ICO aren't words relating with Bitcoin but altcoins. How I see Bitcoin improving medical research funds is through investment appreciation of the funds meant for th research.
When research funds are invested in Bitcoin and they double then the research teams gets double funding to carry out their researches. Borderless transaction to supports the research is also another benefits but this can be done with various currency and not just Bitcoin so it's not much of a point.