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Gates Foundation Supports Korean Blockchain Based Medical App

Gates Foundation Supports Korean Blockchain Based Medical App
  • Bill Gates and his wife Melinda supports South Korea mobile carrier KT launched blockchain-powered smartphone app.
  • KT offers an $18 reward for users who volunteer to give their data

A new app featuring Big Data, Artificial Intelligence, and Blockchain technology rolls out in South Korea. The app is a result of a collaboration of technology industries integrating blockchain technology to aid in the fight against the coronavirus pandemic. It’s called Study of Health Information for the Next Epidemic (SHINE).

Bill Gates and his wife Melinda supports KT, the South Korea mobile carrier and internet provider on this endeavor. In April 2020, KT announced the partnership with the Bill & Melinda Gates Foundation. In addition, the Korea University Medical Center and the Korea Institute of Science and Technology Information are also working on the app.

The Koren app aims to collect data for researchers and be used to power AI, blockchain, and Big Data-driven efforts. Also, it provides key insights to medics fighting infectious diseases.

Meanwhile, other medical players such as the Mobile Doctor, a smartphone specializing in health-monitoring software, and MediBloc, a medical blockchain firm, support the Korean fight against the corona pandemic.

Moreover, the KT firm offers a reward amounting to $18 to all users who volunteer to submit their data. The data will be used in the app which will be released in Apple AppStore, via  OneStore, and the KT-run website.

Moreso, the companies stated that they would also use the app in several wide-scale medical trials at four of Korea University’s affiliate hospitals. They will also gather data from respiratory tests conducted by doctors at the institutions.

Jesus is the Senior Editor of CoinQuora. He's been following the crypto space since 2016, and may possibly do so indefinitely. He covers various blockchain-based developments and crypto market trends.