South Korea Will Make Blockchain-Powered Vaccine Passports Available
By Jamie G - Crypto expert - 01-04-2021
On Thursday, Prime Minister Chung Sye-kyun confirmed a launch for a blockchain-based vaccine certificate. A blockchain is a decentralized network that uses real-time data. Its prominent utility is known mostly for Buying and Selling cryptocurrency. However, instead of investing in cryptocurrency, the plan is to use the real-time features of the blockchain capabilities to track those with vaccines.
The implementation process, via a mobile app, is scheduled to go live later this month. During a regular inter-agency pandemic response meeting, Sye-kyun said that the change would help people at home.
The implementation of a vaccine passport, also known as a "Green Pass," would only enable those that have been vaccinated to return to their normal lives.
The app was built using that real-time blockchain technology to also help give protection against potential identity theft. Chung claimed that solutions in other countries also do not store personal information while allowing the verification of vaccination statuses.
South Korea is one of an increasing number of countries looking at blockchain solutions to the ongoing global pandemic. Brazil was among the first countries to use a blockchain-based system to track vaccinations and even China and the European Union intends to begin issuing vaccine passports in June.
In South Korea, nearly 77,000 people have been vaccinated with the COVID-19 vaccine. The country reported 551 new cases yesterday. By June, the government expects to have vaccinated 12 million people.
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