- April 1, 2021
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
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 introduction of a vaccine passport or ‘Green Pass’ will only allow those who have been vaccinated to experience the recovery to their daily lives,” he said during a daily inter-agency pandemic response meeting.
The government developed the app using blockchain technology as a way to provide security against the possibility of identity theft. “[Systems] in other countries also do not store personal information while allowing the verification of vaccination statuses,” Chung noted.
While 77,000 people have been vaccinated against COVID-19 in South Korea so far, the country saw another 551 daily cases on Wednesday. The Government hopes to have vaccinated 12 million people by June.
Brazil is also using a blockchain-based system to track vaccinations, while IBM helped New York develop the Excelsior Pass, which uses blockchain technology for information security. The New York state government said of the pass:
“Businesses and venues can scan and validate your pass to ensure you meet any COVID vaccination or testing requirements for entry.”
China has implemented a system and the European Union plans to do so by June. The International Air Transport Association is developing an app called Travel Pass, which may become the standard for cross border travel.
Vaccine passports remain highly controversial, especially in the US and in parts of the crypto community. The Republican Governor of South Dakota’s Kristi Noem, called the concept “one of the most un-American ideas in our nation’s history” while Ron DeSantis, the Republican Governor of Florida, is trying to ban mandated COVID passes in the state.
Crypto may also play a small role in thwarting efforts to impose non-blockchain based vaccination certificates. The BBC reports that cyber security agency CheckPoint found 1,200 ads for vaccines and vaccine passports on the darknet:
“Check Point investigators found many sellers offering forged documents, including one supposedly from the UK, with a vaccination card for $150 using the hard-to-trace cryptocurrency Bitcoin as the payment method.”