Home Blockchain Blockchain Can Help in Fight Against COVID

Blockchain Can Help in Fight Against COVID



Blockchain Can Help in Fight Against COVID

Japanese Finance Minister Taro Aso suggested blockchain would be key in the world’s battle against the coronavirus pandemic as the technology can be used for contact tracing while ensuring privacy.

Aso gave the opening remarks for the Blockchain Global Governance Conference, also known as the FIN/SUM Blockchain & Business, on Aug. 24 in Tokyo.

“In the battle against widespread infectious diseases, blockchain provides one solution for contact trading,” he said, while referring to the coronavirus.

There are almost 24 million COVID-19 cases around the world, with more than 60,000 in Japan. Despite the topic of Aso’s speech, a limited number of people were allowed to physically attend the blockchain conference, with others watching speakers through livestream coverage.

The finance minister acknowledged that while the threat imposed by the coronavirus has not subsided, blockchain can provide privacy for anyone testing positive through contact tracing. In addition, the technology could give authorities a better measure of what needs to be done regarding containment, preventing possible outbreaks in the future.

Aso added that any conflict between the blockchain community and Japanese regulators needed to be addressed to make any progress in this regard.

“Some of the blockchain communities may still be hostile to regulators because of the belief they may hinder innovation due to a lack of understanding of the technology,” he said. “What we need is to work together and collaborate to consider the best use of the technology under the best governance.”

Japan’s finance minister is not the first regulator to propose blockchain as a solution for some of the problems the country is facing under COVID. The CEO of financial giant SBI Holdings said in May that the technology could be useful in tracking and tracing the supply chain of essential materials, including masks.



Read orginal here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
473FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,577FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.17
GBP
1.29
CHF
1.09
NOK
0.11
JPY
0.01
CAD
0.75
AUD
0.71

Most Popular

Malaysian billionaire steps down to pursue ‘horse currency’ offering

The founder of Malaysian investment giant Country Heights Holdings is stepping down from his position to focus on issuing a cryptocurrency.According to a...

‘DeFo’ staking enabled for Waves’ Neutrino stablecoins

U.S.-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin...

Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized Exchange

The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s...

Easily Spend Your Bitcoin via Prepaid Debit Card or a PayPal Account with Bitcoin of America’s Easy to Use Trading Platform

Bitcoin of America offers a number of convenient ways to transfer your bitcoin or litecoin to commonly used USD payment gateways like...
bitcoin
Bitcoin (BTC) $ 10,812.63
ethereum
Ethereum (ETH) $ 357.30
ripple
XRP (XRP) $ 0.241908
tether
Tether (USDT) $ 0.999725
bitcoin-cash
Bitcoin Cash (BCH) $ 229.38
bitcoin-cash-sv
Bitcoin SV (BSV) $ 172.21
litecoin
Litecoin (LTC) $ 45.66
eos
EOS (EOS) $ 2.59
binancecoin
Binance Coin (BNB) $ 28.53
okb
OKB (OKB) $ 6.12
tezos
Tezos (XTZ) $ 2.22
leo-token
LEO Token (LEO) $ 1.26
cardano
Cardano (ADA) $ 0.100016
monero
Monero (XMR) $ 99.61
stellar
Stellar (XLM) $ 0.073466
chainlink
Chainlink (LINK) $ 9.99
huobi-token
Huobi Token (HT) $ 4.62
tron
TRON (TRX) $ 0.026124
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 68.10
neo
NEO (NEO) $ 19.92
iota
IOTA (MIOTA) $ 0.271184
nem
NEM (XEM) $ 0.118376
zcash
Zcash (ZEC) $ 60.61
maker
Maker (MKR) $ 521.16
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 5.41
vechain
VeChain (VET) $ 0.012918
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.65
kucoin-shares
KuCoin Shares (KCS) $ 0.883257
waves
Waves (WAVES) $ 2.46