HBJ Cover Story: Modern-day farmer: Why one Houston co. is investing in blockchain, cryptocurrency

 

Modern-day farmer: Why one Houston co. is
investing in blockchain, cryptocurrency

Feb 8, 2018, 1:17pm CST

Ken Parekh realized the medical world had a serious problem with patient forms while driving his brother, Fahad, to various treatment centers after Fahad accidentally shot himself while cleaning his gun in April 2017.

Parekh, founder and CEO of Houston-based Amsys Group, took care of his brother as he convalesced from his wounds, which left him paralyzed. Appointments with different doctors, hospitals and clinics meant filling out different forms. He realized it could be a problem if one of the forms is inaccurate or gets lost. Plus, if Fahad arrived alone, he himself may have difficulty with the paperwork.

So, Ken decided to solve the problem with blockchain and his new company Amchart. Blockchain, an emerging technology, is a digital ledger for information on a shared database. The records are stored in called blocks and strung together like a chain.

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