THEKEY launches USD 20 million research fund
THEKEY Scientific Research Fund was officially launched on June 30th, 2018 in Beijing. The Fund is founded by THEKEY (Blockchain-based Dynamic Multi-Dimension Identification) BDMI International Foundation Ltd.
The Fund is dedicated to the development and application of blockchain technologies in social insurance services. It will focus on social insurance data especially healthcare insurance data and will benefit people through the commercialization and application of it.
The Ministry of Human Resources and Social Security is the world’s largest insurance payer and provider, serving over 1.4 billion people.The Fund’s purpose is to facilitate the research and development required to build new technologies, business models and efficiencies in service to the Chinese, then global masses.
The Fund is fully funded by THEKEY in the initial phase. The total funds in the first phase are 20 million US dollars for a period of 5 years.The Fund was launched in an agreement with the Information Center of Ministry of Human Resources and Social Security (MHRSS) and China’s Social Insurance Association (CSIA) to cooperate on research in social insurance blockchain applications.
THEKEY Fund is open to universities and research institutes worldwide. Potential applicants including highly accomplished academic, commercial, government or NGO individuals or institutions with outstanding achievements in relevant fields that have intensive international experience must also be willing to follow all data security regulations and rules set by the Chinese government to be eligible to apply to this fund.
Research topics will include security supervision mechanisms; the aggregation, processing and commercialization of the China population’s social insurance data within the context of strict data protection laws; research on the operation and maintenance of medical resources Group Purchasing Organizations (GPO); research on the application of blockchain technology to China’s greater social insurance industry; and in general, research on the future of processing, analyzing and mining healthcare-centric big data.