Bill & Melinda Gates Foundation Awards Grant to Factom
Blockchain-based company Factom has announced it will soon secure medical records on its platform. The firm received a grant from the Bill & Melinda Gates Foundation to provide immutable and easily accessible records. Gates Foundation Grant to Produce Distributed Medical Database. Factom, the blockchain as-a-service (BaaS) technology company, has....
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Factom, an Austin-based blockchain technology company offering data management and record keeping support for business, announced it is the recipient of a Bill and Melinda Gates Foundation grant. The intent of this funding is to address one of the world’s most urgent problems — the maintenance of medical records that are secure, readily accessible and reliable. Prevailing medical record systems are typically paper-based and stored in hard copy files. This system becomes a problem, particularly in the developing world, when people relocate or if a region becomes politically or economically....
Last month, the Bill and Melinda Gates Foundation awarded bitcoin startup Bitsoko $100,000 to help troubleshoot Africa's now-ubiquitous mobile money systems. The news, which followed a long application process beginning last September, came as a surprise to the team of six, not least because Bill Gates has been publicly skeptical about the future of the payment technology in the developing world. "They [the foundation] had not worked with any other bitcoin startups to our knowledge, so we were really not too sure if they would want to come on and us be their first," Daniel Bloch, Bitsoko's....
Bill and Melinda Gates at Lee High School in Houston, Texas. Source: gatesfoundation.org. Bill Gates, founder of Microsoft an co-chair of the Bill & Melinda Gates Foundation did an 'AMA' (ask-me-anything) today on Reddit.com, and interestingly, the most-voted question to be answered related to digital currency. Asked by user 'shiruken': "What are you thoughts about cryptocurrencies like Bitcoin?" An hour later, Mr. Gates responded with the following (bold emphasis ours): The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa....
Last month, Bill & Melinda Gates Foundation has funded Ghana based blockchain startup Bitsoko in a startup competition called Gran Challenges Explorations, which focused on promoting wide spread acceptance of mobile money by small merchants. Bitsoko received a research grant of US$100,000, and with it, Bitsoko aims to expand its bitcoin merchant payment processing and bitcoin wallet services to Zimbabwe and Sierra Leone. The project is entitled “Enable Universal Acceptance of Mobile Money Payments,” and if the project is successful, Bill & Melinda Gates Foundation will offer another....
Bill Gates has updated his stance on Bitcoin since calling it simply a "technological tour-de-force" months ago. Earlier today, speaking with Bloomberg TV's Erik Schatzker, Bill Gates admitted "the Bitcoin technology is key." Earlier today, Bill Gates gave the final speech at SIBOS 2014, the annual SWIFT banking conference held this year in Boston. The Gates Foundation recently pledged $50 million USD to fight Ebola worldwide. In his speech, Bill Gates shared his vast well of experience with the Bill and Melinda Gates Foundations' efforts to combat financial inequality around the world.....