South Korea to launch blockchain-based vaccine passports
The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world. South Korea will introduce blockchain-powered vaccine passports via a smartphone app later this month, the country's prime minister said Thursday.South Korea is joining a number of other nations in introducing vaccine certificates that enable cross-border travel while mitigating the risk of infections.Prime Minister Chung Sye-kyun suggested there could be substantial benefits for citizens at home too:“The....
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Blockchain technology is being used to cement confidence in the integrity of new health surveillance measures such as COVID-19 vaccine passports. South Korea, which has begun its COVID-19 vaccine rollout for residents over 75 years of age, has revealed plans to use blockchain technology to certify forthcoming vaccine passports for immunized citizens. According to Reuters, Prime Minister Chung Sye-kyun told a government meeting that a new mobile app will be used to manage digital proofs of vaccination, and is expected to launch later in April. Blockchain technology will be used to ensure....
Blockchain-powered solutions have been on the front line of the battle against the virus, yet their potential has been underutilized. On Jan. 30, the South China Morning Post reported that one of the largest Asian pharmaceutical companies, Zuellig, had launched a blockchain-based system to track the quality of COVID-19 vaccines. Called “eZTracker,” it allows any user to “instantly verify the provenance and authenticity” of vaccines by scanning the QR code on the package. Somewhat surprisingly, throughout the pandemic, there have not been many reports of blockchain-based products adopted by....
Proposals for immunity or vaccine passes have resurfaced with promising news about vaccines, but the web standards they’re based on contain flaws.
Indonesia and South Korea are thinking about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries, reports The Jakarta Post. Last month South Korea announced that it is going to introduce bitcoin regulations in 2017 as digital currencies continue to grow in the country. According to the report, bitcoin adoption has increased significantly in South Korea, amounting to 1.5 trillion won in transactions. It was recently reported that the South Korean government was pushing ahead with the system expansion of digital currency to promote the....
Bitcoin price reached $2,850 in South Korea on May 23, due to the rapidly rising demand for Bitcoin and other digital currencies such as Ethereum’s Ether (ETH). While arbitrage opportunities in South Korea always existed since the launch of Korbit, Coinone and Coinhumb, the three leading Bitcoin exchanges in the country, the premium rate rarely went past 10 percent. On May 23, the premium rate on South Korean Bitcoin exchanges nearly reached 30 percent, demonstrating a trading value of $2,850 for Bitcoin, while Bitcoin was being traded in the US and China for around $2,100. The driving....