The COVID-19 panic seems to have subsided after nearly two years. However, governments around the globe are still looking for ways to limit its growth and allow their citizens to resume normal life.
Mexican company uses blockchain technology to increase the reliability of COVID-19 diagnostic testing. It does so by using cryptography and real-time auditability on the blockchain to avoid fraud and counterfeiting.
Combat COVID-19 with Decentralized Technology
According to a report from iProUP, MDS, a medical services company, launched a rapid test and interpretation service as well as a home PCR sample collection that was specifically designed to detect COVID-19. The test results will be delivered digitally and physically 24 hours later. They will also be certified using blockchain technology to ensure that the test was applied and verified as authentic.
A representation of a digital certificate protected by blockchain technology. Image: MDS
MDS generates a unique hash that is associated with each test’s results and generates a QR Code that links to a digital certificate. This code contains personal information about the person who took the test as well as the results, the doctor responsible for administering them, and the date they were taken.
We began to certify the SARS-CoV-2 detection test with cryptographic signature and blockchain technology. This protects the information in an unalterable QR code that can be verified globally and is immutable.
Mexico: Pro-Blockchain and Anti-Bitcoin
Mexico is one of the Latin American nations where blockchain technology has been used in a variety of ways that go beyond the monetary.
The local Congress of Quintana Roo, Cancun, Mexico tried out the Avalanche blockchain in digitizing records of local government officials. It was completed in March for 600,000 Mexican pesos (USD 299,000).
The congress decided to not renew the contract after a week, arguing that blockchain was too “overqualified” for Legislative Branch’s needs.
Similar to the National Chamber of Commerce of Queretaro (Mexico) had announced the availability of a digital vaccine passport in partnership with the blockchain company Xertify. This would enable locals to digitize the certificates they have received from the authorities, after a fee of approximately 400 pesos.
But, authorities are not supportive of cryptocurrency use, especially Bitcoin, in finance.
The Central Bank of the country has already stopped a Banco Azteca president’s attempt to make Bitcoin compatible. It also acted against 12 cryptocurrency exchanges that were linked to criminal cartels. The country’s president rejected Bitcoin legal tender last week.
At least for now, Mexico’s financial revolution and blockchain revolution will be on two different paths.
Marla Brooks – Financial Analysis
My name is Marla Brooks, and I am the mainstream behind the”observednews.com” for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.