Factom Receives Bill Gates Grant to Create Secure Medical Records Using Blockchain Technology

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Factom, a Blockchain as-a-service (BaaS) technology company is the recipient of a grant from the Bill & Melinda Gates Foundation to meet one of the most urgent needs of the developing world – to secure medical records that are persistent, readily available, and reliable. Factom’s Blockchain technology builds globally distributed records that can be accessed anywhere and by any authorized person with biometric verification.

Medical records are historically documented on paper and stored by clinics. This poses a problem when people move or if the region is destabilized. Creating medical records around an individual and securing them with the Factom Blockchain solves both these problems in an affordable and practical way that may provide unique benefits for the developing world.

This type of system gives medical professionals and clinics the tools they need to treat disease and coordinate care in the in the ever-shifting environment of the developing world. For example, with the use of a smartphone, a medical professional can look up the vaccination record for a baby born in a remote area and make sure they receive the correct vaccinations or an HIV-infected person can access their viral load measurement results. This technology will save lives and expenses in developing nations that have some of the world’s most deadly diseases.

Factom, Inc. is an Austin, Texas, USA-based Blockchain technology company that’s on a mission to make the world’s systems honest. People and institutions today can solve hard problems and change the world for the better when they have a reliable framework to build upon. Honest systems free up dead capital, which allows companies to grow and helps people to lift themselves out of poverty.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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