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CATEGORY: blockchain industry


Oct 21, 2021 12:10

Medical Firm In Mexico To Introduce COVID-19 Testing Through Blockchain

Blockchain technology remains the revolutionary aspect of cryptocurrency and the entire digital assets as a whole. It brought more innovations and popularity to the industry, which have attracted more users and developers. The use of blockchain technology is erupting within several mainstreams and sectors of the global economy. Recently, this amazing technology has found a useful application in the medical field. A Mexican medical firm, MDS, has launched a coronavirus testing service that utilizes blockchain technology to confirm its results. A local media report, iProUP news reported that MDS Mexico launched a digital result-profiled platform. This will enable its patients to access their results as updated in real-time. Furthermore, the physical delivery of the results comes with a QR code. Related Reading | Bitcoin ETF Check, What’s Next For BTC This enables scanning for the verification of the results. Also, from MDS Mexico’s blockchain, it’s very easy to access the vaccination history of a patient. Purpose For Blockchain Adoption According to its report, MDS mentioned that adopting blockchain technology is a means of safeguarding all the results of its clinical tests. Also, it will protect the personal data of patients as well prevent COVID test result falsification. The company explained that it commenced the certification of the SAR-CoV-2 detection tests via cryptographic signature and blockchain technology. This move eliminates the possibility of getting falsified negative results. Thus, the QR Code, which remains unalterable, unique, and immutable, protects the information and is verifiable globally. Moreover, the medical firm’s blockchain has uploaded testing results that contain a doctor’s cryptographic signature. This must be the doctor that verified the result of the test. Before now, there have been other companies in Mexico using digitized covid test results. One of such moves is the April announcement from Mexico’s National Chamber of Commerce (CANACO) of a state-sponsored initiation. According to CANACO, the initiative is a collaboration with Xertify, a private technology company, for the digitalization of vaccination passports. For this initiative, there are some requirements from the beneficiary. These include their official means of identification and proof of the vaccination from the Ministry of Health. Crypto market is at its all-time highs | Source: Crypto Total Market Cap on TradingView.com Also, a representative from the Xertify firm disclosed that his company is in charge of the vaccination receipt digitalization. He mentioned that this would help in its authentication in another language without falsification. Related Reading | Grayscale Investments Set to File for Bitcoin Spot ETF as Competition Heats Up Similarly, an Australian firm in August facilitated the use of a vaccine registry based on blockchain technology. The company opted for such an introduction to cut down the proliferation of counterfeit coronavirus vaccination certificates floating online. Through the blockchain-based registry, there will be a stop to the involvement of fraudsters selling fake COVID-19 certificates. Featured Image From Pexels and Chart From TradingView.com

Apr 11, 2023 02:10

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company [...]

The post AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets appeared first on Crypto Breaking News.

R3 explores strategic options amid blockchain industry challenges

Author: Cointelegraph by Derek Andersen
United States
Oct 25, 2024 12:00

R3 explores strategic options amid blockchain industry challenges

R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.

‘War on crypto’ — Newly filed letters lambast proposed SEC custody rules

Author: Cointelegraph By Jesse Coghlan
United States
May 09, 2023 08:20

‘War on crypto’ — Newly filed letters lambast proposed SEC custody rules

Industry representatives have cast doubt on the legality and impact of the United States securities regulator’s proposal to expand custody rules.

Jul 08, 2023 07:05

SEGA Blockchain Investments STOPPED…What Happened?

News surfaced recently that Sega stopped investing in blockchain technology. Is it because of the extended crypto winter? What happened?

Apr 08, 2023 01:00

Ways Your Small or Large Business Can Benefit From Blockchain

Intro Isn’t crypto just for individuals? As a stadium observer of the crypto-game, it seems like only individuals are kicking around the balls. Of course, the decentralised nature of it all means that there are more peer-to-peer structures in place, without the ‘old librarian’ of the traditional banking system booking and reviewing each transaction. You […]

The post Ways Your Small or Large Business Can Benefit From Blockchain appeared first on Kanalcoin.

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