While many of these apps rely on bluetooth technology and data tracking through GPS signals, privacy concerns have created major setbacks.
Blockchain ensures data privacyAccording to KPMG's United States blockchain leader, Arun Ghosh, blockchain is key for ensuring data privacy and is an essential technology for the future.
"The great value in applying blockchain to data privacy is its ability to ensure that personal data sets are accurate, and separate, which is important to business users, without exposing the identity of the individual, which is important to consumers."
Blockchain-based contact-tracing apps are being developed in hopes of preserving user privacy while reviving the travel economy.
CEO of enterprise blockchain platform ShareRing, Tim Bos, told Cointelegraph he had plans to launch a travel product earlier this year using the company's digital identity solution.
"We wanted to do something similar to a contact tracing app, so we started to create a covid passport with the goal of respecting traveler's privacy. This isn't another way for governments or companies to gather user data based on their whereabouts."
A self-sovereign identity protocol sits on top of ShareRing's blockchain network.
If everything matches up, a digital user ID is generated and stored on the app with only a digital fingerprint of the information from the app being stored on ShareRing's blockchain, which according to Bos, "Has no information about the users, it just verifies a person's photo. Identity information is never stored on the blockchain and cannot be altered, preventing falsification and fraud."
Known as "VisitMe," this is a visitor management solution that runs on the ICON blockchain network.
Iconlopop CEO JH Kim told a Korean tech news outlet that the current pandemic has pushed many governments to violate privacy.
Reviving Tourism and User Privacy Via Blockchain-Based ID Systems
Published on Aug 6, 2020
by Cointele | Published on Coinage
Yearn.finance yields are plunging: is this a risk for the Ethereum DeFi darling?
Due to a confluence of trends including but not limited to DeFi becoming crowded, venture capital firms launching "Industrial-scale farms," and Ethereum-based coins dropping, the yields offered through the top "Farms" have plunged.
Bill Proposes National Crypto Regulatory Framework
Sep 24, 2020 at 16:00 UTCUpdated Sep 24, 2020 at 16:28 UTC.A new bill could bring cryptocurrency exchanges under a single federal framework.
A New Era of Media Begins With Tokenization
The solution, according to various media innovation prognosticators, is the "Passion economy." The argument goes that, since anyone can create content now, it follows that the lumbering media institutions of the past will be unbundled and replaced with a swarm of individuals: Smart, sharp, upstart newsletter writers, podcasters and maybe even TikTokkers.
Liquality Releases In-Browser Atomic Swap Wallet for DeFi
Sep 24, 2020 at 16:18 UTCUpdated Sep 24, 2020 at 16:42 UTC.On Thursday, ConsenSys-incubated startup Liquality released a new wallet that lets you atomically swap digital assets directly from your browser.