Taro Aso said that blockchain could be used for effective, private contact tracing.
Taro Aso, Japan’s Finance Minister, recently stated that Blockchain technology could be essential in the continuing global fight against the COVID-19 pandemic. Why? Because of the technology’s capability to track contact tracing while ensuring privacy.
The comment came on August 24th during the opening remarks of the Blockchain Global Governance Conference in Tokyo, which is also known as the FIN/SUM Blockchain & Business conference.
"In the battle against widespread infectious diseases, blockchain provides one solution for contact trading,” he said.
Aso also commented that therefore, friction between the Japanese government and the country’s blockchain community must be addressed so that effective collaboration will be possible.
“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,” Aso explained. “What we need is to work together and collaborate to consider the best use of the technology under the best governance.”
Blockchain Could Play a Valuable Role in the Fight Against COVID-19
Aso’s comments come at a moment when COVID-19 is surging in some parts of the world and subsiding in others. According to data aggregated by Wikipedia, there are roughly 23.3 million Coronavirus cases worldwide, and nearly 62,000 cases in Japan.
Therefore, the need for a practical, blockchain-based solution for contact tracing could be considered as urgent. However, even if a solution was developed, it is unclear how, when, or if the solution could be implemented.
Still, Aso is not the only one who has suggested that a blockchain-based contact tracing solution could be beneficial in the fight against coronavirus. In May, the CEO of SBI Holdings commented that blockchain could be used for supply chain tracing of essential materials, including masks and other medical supplies.
Other COVID-related use cases for blockchain technology have also been identified by various individuals in and out of the blockchain sphere. For example, blockchain platforms can be used to make fundraising more transparent; they can also be used to distribute relief funds.
Taro Aso, Japan’s Finance Minister, recently stated that Blockchain technology could be essential in the continuing global fight against the COVID-19 pandemic. Why? Because of the technology’s capability to track contact tracing while ensuring privacy.
The comment came on August 24th during the opening remarks of the Blockchain Global Governance Conference in Tokyo, which is also known as the FIN/SUM Blockchain & Business conference.
"In the battle against widespread infectious diseases, blockchain provides one solution for contact trading,” he said.
Aso also commented that therefore, friction between the Japanese government and the country’s blockchain community must be addressed so that effective collaboration will be possible.
“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,” Aso explained. “What we need is to work together and collaborate to consider the best use of the technology under the best governance.”
Blockchain Could Play a Valuable Role in the Fight Against COVID-19
Aso’s comments come at a moment when COVID-19 is surging in some parts of the world and subsiding in others. According to data aggregated by Wikipedia, there are roughly 23.3 million Coronavirus cases worldwide, and nearly 62,000 cases in Japan.
Therefore, the need for a practical, blockchain-based solution for contact tracing could be considered as urgent. However, even if a solution was developed, it is unclear how, when, or if the solution could be implemented.
Still, Aso is not the only one who has suggested that a blockchain-based contact tracing solution could be beneficial in the fight against coronavirus. In May, the CEO of SBI Holdings commented that blockchain could be used for supply chain tracing of essential materials, including masks and other medical supplies.
Other COVID-related use cases for blockchain technology have also been identified by various individuals in and out of the blockchain sphere. For example, blockchain platforms can be used to make fundraising more transparent; they can also be used to distribute relief funds.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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