Factom Inc., a company that provides businesses and governments with blockchain solutions to manage and store their data, has received a grant from the Bill & Melinda Gates Foundation to build a medical records system for the organization. Image credit: The Bill & Melinda Gates Foundation Visitor Center in Seattle, Washington, USA, via Wikimedia. The technology will provide identity management ... FACTOM VS. BITCOIN: THE BASICS. Before we get started, let's just settle this right now. It's not really fair to compare Factoid to Bitcoin, as they achieve different goals. Factom solves real-world business problems by creating a completely unchangeable ledger. They did this by creating a new data layer on the established Bitcoin blockchain ... The partnership with HealthNautica to secure medical records and audit communications between medical professionals will probably be one of the first non-financial Bitcoin Blockchain projects. What we are building with them is a tool for auditing every bit of communication between medical professionals. With their partnership, Tether plans leverage Factom’s technology to enhance their ... Philips Healthcare has signed an agreement with blockchain startup Tierion to investigate the blockchain technology applications. Marketing Bitcoin with made-up numbers catches the singularitarians’ attention. So let’s sell them on “blockchains,” which Barabas describes in terms of how the decentralised Bitcoin blockchain works. And you can put any kind of data onto the blockchain — at 6:23, Barabas specifically suggests putting MP3s or videos on the blockchain ... Factom, Kirby’s blockchain project, builds on top of the Bitcoin blockchain — much like how many useful applications are built on top of the Internet. The projects first collaboration is with Healthnautica.com, which is working on a tool for HIPAA compliance. However, the transparency vs privacy remains a pressing issue, with the risk of these blockchain projects getting hacked increasing ... UBS, the biggest Switzerland-based bank, has announced it will provide the blockchain-based code for HEAL alliance, a non-profit company that facilitates HIV research.The announcement was made at ... Factom and HealthNautica are trying to secure medical records and audit trails by encrypting the data onto the Bitcoin blockchain with a timestamp that proves its accuracy.
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