Bitcoin

MDS Mexico launches blockchain-powered COVID test certificates

MDS Mexico, the medical services company, will use blockchain technology to prevent counterfeiting of fake COVID-19 tests in the country, as we read more on our latest BTC news.

The COVID-19 crisis is likely to subside in two years, but governments around the world are still looking for effective tools to control its spread and enable their citizens to return to their normal lives. Mexican company MDS will use blockchain technology to improve the reliability of COVID-19 diagnostic tests and use the real-time testing capabilities of cryptography and blockchain to prevent fraud, fraud and forgery.

According to the report, medical services company MDS has launched a rapid test app and interpretation service, as well as home PCR sample tests that respond to COVID-19.

The results are sent physically and digitally over the next 24 hours and certified using blockchain technology to ensure the authenticity of the results in real-time applications. MDS generates a unique hash associated with the results of each test and generates a QR code that comes with a digital certificate with some personal information about the person who performed the test and the results of the person responsible for performing the test The date on which the test was performed is linked to the physician.

In order to avoid false negative results, the company has started certification of SARS-COV2 detection tests, which are based on blockchain technology and cryptographic signatures, which protect information in a single QR code and whose immutability can be verified worldwide. Mexico is one of the Latin American countries where the application of blockchain technology has a number of well-known use cases and, for example, the Quintana Roo Local Congress in Cancun has been experimenting with implementing the avalanche blockchain for digitization. .

The National Chamber of Commerce of Queretaro has announced that there is a digital vaccination certificate issued in partnership with blockchain company Xertify that will allow locals to digitize government-issued physical certificates for 400 pesos. When it comes to financing, however, the use of cryptocurrencies does not receive the same level of support from the authorities. The central bank thwarted the hacking action by the President of Banco Azteca to ensure BTC compatibility and cracked down on 12 crypto exchanges for involvement in criminal gangs. The country’s president even banned us from BTC as legal tender.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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