Medical services company MDS Mexico is using blockchain technology to stop the forgery of fake COVID-19 tests in the Latin American country.
The COVID-19 disaster panic seems to be dissipating after nearly two years; nevertheless, governments around the world are nonetheless searching for instruments to regulate its growth and allow their residents to return to normal life.
A Mexican company MDS Mexico is using blockchain technology to enhance the reliability of COVID-19 diagnostic checks, utilizing cryptography and the real-time audibility of the blockchain as a technique to forestall counterfeiting and fraud.
Fighting COVID-19 With Decentralized Technology
According to a report by Hispanic news outlet iProUP, medical services company MDS launched a fast test application and interpretation service, as well as a home PCR sample collection particularly designed to react to COVID-19. The outcomes are delivered bodily and digitally 24 hours later and will probably be licensed with blockchain technology to ensure in real-time the application of the test and the authenticity of the results.
As defined on its website, MDS produces a unique hash associated with the results of every test and generates a QR code that links to a digital certificate with personal information of the person who took the take a look at, the results obtained, the doctor responsible for administering the take a look at and the date the test was taken.
To avoid the falsification of negative results, we started to certify the SARS-CoV-2 detection tests with blockchain technology and cryptographic signature, which protects the information in a unique, immutable, and unalterable QR Code that may be verified worldwide.
Mexico: Professional-Blockchain, Anti-Bitcoin
Mexico is one of the Latin American countries the place the application of blockchain technology has identified use circumstances that transcend the monetary.
For instance, the native Congress of Quintana Roo in Cancun, Mexico, experimented with the implementation of the Avalanche blockchain to digitize the data of the native public administration. The undertaking was efficiently implemented in March at the cost of 600,000 Mexican pesos (USD 290,000).
Nevertheless, the week the congress determined not to renew the contract on the grounds that the use of blockchain was “overqualified” for the needs of the Legislative Branch, i.e., the prices outweighed the benefits.
Equally, the National Chamber of Commerce (CANACO) of Querétaro, Mexico, had already announced the availability of a digital vaccination passport issued in alliance with the blockchain company Xertify, which might permit locals to digitize their physical certificates issued by the authorities after payment of about 400 pesos.
Nevertheless, relating to finance, the usage of cryptocurrencies – particularly Bitcoin – doesn’t enjoy the same assistance from the authorities.
The country’s Central Bank has already stopped an initiative by the president of Banco Azteca to offer Bitcoin compatibility and acted against 12 cryptocurrency exchanges for being linked to prison cartels. Even last week, the country’s president even dominated out the use of Bitcoin as legal tender.
So, at least for now, in Mexico, the financial revolution and the blockchain revolution will walk two very distant paths.