Blockchain scalability solution Matic launched a privacy-focused coronavirus tracking mobile application.
Blockchain scalability solution, Matic, launched a privacy-focused coronavirus tracking mobile application.
According to an April 29 announcement, the new app — dubbed Tracy — leverages the Matic network for contact tracing and quarantine management. The solution also uses decentralized data storage solution, MóiBit, to store sensitive data.
Per the announcement, Tracy is the first blockchain-based solution that was developed for quarantine management and contact tracing. The application is meant to let users understand how likely they are to have come in contact with somebody who tested positive for the coronavirus.
Matic is a second-layer scalability solution that uses side chains to move computation off-chain. The solution leverages the Plasma network alongside a network of proof-of-stake validators for asset safety.
Matic did not answer Cointelegraph’s inquiry by press time.
Blockchain’s relationship with the coronavirus
As the world struggles with the ongoing pandemic, the cryptocurrency and blockchain industry attempted to help address the issues and — in some cases — capitalize on the crisis. For instance, as Cointelegraph reported earlier today, Block.one — the firm behind the EOSIO software — recently invested $50,000 into a blockchain-based coronavirus tracking application.
The Waves-based decentralized exchange, Waves.Exchange, recently launched a prediction market allowing users to bet on whether the spread of the coronavirus pandemic has passed its peak.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.