Texas-based blockchain startup Factom, a company that provides businesses and governments with blockchain solutions to manage and store their data, has announced on November 18 that it will receive funding from the Bill and Melinda Gates Foundation to help them complete work on a blockchain-based medical records initiative. With a focus on biometric verification, identity management and medical records wrapped into a mobile delivery system, Factom is looking to test the worldwide scalability of its technology in developing nations.
In the developing world, and even within industrialized nations, medical records can be kept and transferred in ways that make accessing them difficult or inaccurate. Whether records are being kept in paper form or are being transferred from one legacy system to a newer system, standardization, accuracy, and fidelity in these records isn’t only a matter of
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