Factom , the blockchain - as - a - service ( BaaS ) provider , has received a grant from the Bill and Melinda Gates Foundation to further work to provide reliable , secure access to medical records in the developing world . The firm 's technology enables globally distributed records to be accessed anywhere by any authorised person , resolving the issue with paper - based records that arise when people move around or if a region becomes destabilised . The decentralised system gives medical institutions and clinics the tools they need to deliver care , particularly in the developing world .
Factom, the blockchain-as-a-service (BaaS) provider, has received a grant from the Bill and Melinda Gates Foundation to further efforts to provide reliable, secure access to medical records in the developing world. The firm's technology enables globally distributed records to be accessed anywhere by any authorised person, resolving the issue with paper-based records that arise when people move around or if a region becomes destabilised. The decentralised system gives medical professionals and clinics the tools they need to coordinate care, particularly in the developing world.