Technology

The Contingent Commitment Exchange has three components under development:

The Contingent Commitment Facility allows the secure exchange of contingent commitments

The Contingent Commitment Facility allows the secure exchange of contingent commitments

Data capture to inform when contingent commitments are triggered

Data capture to inform when contingent commitments are triggered

Financial clearing triggered by contingent commitments that have been demonstrably met

Financial clearing triggered by contingent commitments that have been demonstrably met

The Contingent Commitment Facility

The first component of this system that we are building is the Contingent Commitment Facility

Any party – payer, pharma or third party – can initiate a deal on the platform, set their contingent commitments, and invite other parties to participate.

Whoever is invited can reject or accept the invitation to participate in the negotiation.

Parties map out their positions through a combination of public and private statements for the system to take into account.

A pharma company, payer or a third party can initiate a deal on the Exchange.   1. Party A defines their position with contingent commitments —  some public and some private — then affixes digital signature and invites other parties to participate.

A pharma company, payer or a third party can initiate a deal on the Exchange. 

1. Party A defines their position with contingent commitments —  some public and some private — then affixes digital signature and invites other parties to participate.

2. Other parties define their own contingent commitments and affix digital signatures.

2. Other parties define their own contingent commitments and affix digital signatures.

The set of equations representing each party's contingent commitments are mapped against each other in an n-dimensional space to determine if there is a solution that is acceptable to all parties.

The set of equations representing each party's contingent commitments are mapped against each other in an n-dimensional space to determine if there is a solution that is acceptable to all parties.

3. If no solution is found, the parties are invited to adjust their positions.

3. If no solution is found, the parties are invited to adjust their positions.

If a solution is found, the relevant binding commitments are triggered and a set of bi-lateral or multilateral agreements are produced while compartmentalizing information on a "need to know" basis. 

If a solution is found, the relevant binding commitments are triggered and a set of bi-lateral or multilateral agreements are produced while compartmentalizing information on a "need to know" basis.