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, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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