Blockchain For Impact secures $90 million for healthcare and biomedical innovations

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by Giorgi Kostiuk

2 years ago

Blockchain For Impact, founded by Polygon co-founder Sandeep Nailwal, has raised over $90 million to support innovative developments in healthcare.

Funding for Medical and Biomedical Research

Blockchain For Impact (BFI) has allocated more than $90 million to support pioneering projects in the healthcare and biomedical research sectors. The organization has also committed an additional $200 million for future initiatives focused on strengthening public health through blockchain-related philanthropy.

Programs and Initiatives of Blockchain For Impact

BFI is currently prioritizing funding for healthcare startups and initiatives such as the Samarth Medical Innovation Program and the European Biomedical Exchange Program. The BFI-BIOME Virtual Network aims to advance biomedical innovation through a growing virtual network, supporting over 46 startups and partnering with 15 medical colleges.

Mission and Future of BFI

BFI and Polygon co-founder, Sandeep Nailwal, aims to create scalable transparent blockchain systems to support future healthcare initiatives. He noted that by combining blockchain transparency with collaborative funding, every dollar can be maximized for impact.

BFI programs show great potential to leverage blockchain technology for significant improvements in global healthcare. Significant funds and impactful partnerships contribute to developing new solutions and enhancing existing ones.

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