Brooklyn-based blockchain agency Kadena hopes its new app can confirm that COVID-19 checks are the true deal by letting customers observe take a look at kits.
Introduced Thursday, Kadena stated the open-source software could be accessible to make use of on its testnet instantly, and would supply a safe approach for medical professionals and sufferers to speak and retailer take a look at outcomes.
Helmed by former JPMorgan blockchain leads, Kadena markets itself as a high-throughput different to the Bitcoin and Ethereum blockchains. Its plan to make sure the authenticity of coronavirus checks is to make use of QR codes to trace the kits from the producer to the healthcare supplier, making it tougher to swap out the true checks for pretend ones, stated founder and CEO Will Martino.
“The provider then goes and registers those keys so that no one can just submit a random one,” Martino stated.
He added that by protecting an image of the take a look at’s QR code with them, anybody who will get a take a look at might additionally verify the outcomes by logging onto the app.
In accordance with a press launch, with added privateness protections, the information gathered on its app might additionally assist teachers and authorities officers higher perceive the unfold of the virus.
Since its platform would deal with protected medical info, Kadena’s platform must be compliant with the Well being Insurance coverage Portability and Accountability Act (HIPAA), and the agency’s assertion stated its app was at present “aiming for the standards of HIPAA-compliance.”
Explaining the compliance standing, Martino stated that the agency was following a authorized course of to make sure compliance, however “we’re at 99.5% sure that it is.”
Kadena additionally introduced Thursday that Bittrex World Alternate could be the primary to listing its token, KDA. The tokens can be utilized to create and execute contracts on its blockchain.
The agency stated buying and selling for its token would start on Friday morning and the preliminary buying and selling pairs for KDA tokens could be Bitcoin (BTC) and Tether (USDT). Whereas the itemizing is just for non-U.S. merchants proper now, Martino stated the agency has plans to make the tokens accessible in the united stateswith listings sooner or later.
“We’ll have other listings this year, but they’re the first,” he stated.
Earlier in May, the hybrid blockchain maker had additionally introduced that it will combine with information supplier Chainlink to assist price Kadena-based belongings, starting with KDA.
In accordance with its assertion, Kadena can also be shifting ahead with plans to improve its blockchain subsequent month. The assertion claimed that scaling the agency’s sharded blockchain from 10 to 20 chains not solely doubles the throughput, nevertheless it additionally proves the feasibility of Kadena’s blockchain to scale additional.
“It actually gets more efficient as you make it bigger. Because you take the difficulty per block when you go from 10 to 20, and you chop the difficulty in half. It is the network difficulty that gives us security,” Martino stated.
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