Brooklyn-based blockchain agency Kadena hopes its new app can confirm that COVID-19 checks are the actual deal by letting customers monitor take a
Brooklyn-based blockchain agency Kadena hopes its new app can confirm that COVID-19 checks are the actual deal by letting customers monitor take a look at kits.
Introduced Thursday, Kadena stated the open-source utility could be accessible to make use of on its testnet instantly, and would supply a safe manner 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 actual checks for faux ones, stated founder and CEO Will Martino.
“The supplier then goes and registers these keys in order that nobody can simply submit a random one,” Martino stated.
He added that by preserving 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 info gathered on its app might additionally assist lecturers 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 presently “aiming for the requirements 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% certain that it’s.”
Kadena additionally introduced Thursday that Bittrex International 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 produce other listings this 12 months, however they’re the primary,” he stated.
Earlier in Could, the hybrid blockchain maker had additionally introduced that it might combine with information supplier Chainlink to assist value Kadena-based belongings, starting with KDA.
In accordance with its assertion, Kadena can 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, but it surely additionally proves the feasibility of Kadena’s blockchain to scale additional.
“It really will get extra environment friendly as you make it larger. Since you take the problem per block while you go from 10 to 20, and also you chop the problem in half. It’s the community problem that provides us safety,” Martino stated.
The chief in blockchain information, CoinDesk is a media outlet that strives for the very best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.