Japanese Finance Minister Taro Aso suggested blockchain technology would be key in the world’s battle against the coronavirus pandemic as the technology can be used for contact tracing while ensuring privacy. Taro Aso gave the opening remarks for the Blockchain Global Governance Conference, also known as the FIN/SUM Blockchain & Business, on Aug. 24 in Tokyo. “In the battle against widespread infectious diseases, blockchain provides one solution for contact tracing, he said, referring to the ongoing COVID-19 pandemic.
“Blockchain can provide privacy for anyone testing positive through contact tracing.”
Taro Aso acknowledged that while the threat imposed by the pandemic has not subsided, blockchain can provide privacy for anyone testing positive through contact tracing. In addition, blockchain technology could give authorities a better measure of what needs to be done regarding containment, preventing possible outbreaks in the future. Japanese finance minister Taro Aso added that any conflict between the blockchain community and the regulators must be addressed to make any progress in this regard.
Some of the blockchain communities may still be hostile to regulators because of the belief they may hinder innovation due to a lack of understanding of the technology,” he said.
Blockchain adoption continues to grow amid the pandemic.
Earlier, In a comprehensive guide, the Ministry of Information Technologies and Communications of Colombia (MinTIC) delved into ten sectors that could greatly benefit from integrating blockchain. The ministry urged the country to adopt blockchain technology. Regulators all over the world are exploring the idea of blockchain technology and its adoption in different sectors. Several countries have passed favorable laws to promote the adoption of blockchain tech. In May this year, the Colombian government was one of the signatories of a ‘blockchain bill of rights.’ The MinTIC cited six countries that have advanced in their adoption of blockchain technology and the benefits they are now enjoying. They include Estonia, China, United Arab Emirates, the US, and Canada.
