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Immunity passes could be the ultimate blockchain app, according to Overstock CEO

May 22, 2020

Surplus CEOJonathan Johnson, He has claimed that private, consumer-controlled immunity passports could be the tool that drives blockchain technology to wide acceptance.

In an interview with PYMNTS, He said the company’s investment arm turned to two startups that developed blockchain-based apps that allow consumers to download and monitor their health records.

Let people feel safe again …

Johnson suggests that we need to consider how an average consumer feels safe when reusing air travel, restaurants, or even shops after the coronavirus pandemic has subsided.. Finally, He believes that this depends on the knowledge that not everyone around him is infected with the virus:

“An immunity passport is what it will look like in many industries. If I can prove that I have the antibodies or have completely stayed away from infection and can show it on an immunity passport, it is pretty powerful.”

… while respecting privacy

Immunity passes could be the ultimate blockchain app, according to Overstock CEO
Immunity passes could be the ultimate blockchain app, according to Overstock CEO

One of the main obstacles to such an application is the promotion of adoption. Potential users may be left behind due to concerns about data protection or illegal use. And stories about totalitarian regimes like China that apply such a system to their citizens do nothing to alleviate fears.

The main difference between the blockchain-based applications in which Overstock investsand a government-reinforced program, says Johnson, is the choice. The C.Consumers must choose to access their health data through the applicationand then you can choose who you want to share the information with.

Johnson also believes that acceptance will improve if certain companies request this immunity pass.For example, to watch a sports game, get on a plane or dine in a restaurant.

This will force consumers who want to attend such events to attend

Take blockchain out of the shadow of Bitcoin

Surplus stocks have long been an advocate of cryptocurrency and blockchainHowever, Johnson believes the technology has been overshadowed by his first use case for digital payments.

say what A solution that enables consumers and businesses to regain confidence in personal transactionsusing the secure and immutable transfer of data through the blockchain, could take the technology out of this shadow and bring it to the attention of the majority, even if many don’t understand the technology behind it.

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