Bitcoin

Matic announces data protection-oriented corona virus tracking app

The blockchain scalability solution, Matic has launched a data protection-oriented mobile corona virus tracking app.

According to an announcement on April 29, the new app, Tracy is called Tracy and uses the Matic network for contact monitoring and quarantine management. The solution also uses a decentralized data storage solution, MóiBit, to store confidential data.

Tracy is said to be the first blockchain-based solution designed for quarantine management and contact tracking. The application is designed so that users understand the likelihood of being in contact with someone who has tested positive for the corona virus.

Matic announces data protection-oriented corona virus tracking app
Matic announces data protection-oriented corona virus tracking app

Matic is a second layer scalability solution that uses side chains to remove the calculation from the chain. The solution uses the plasma network together with a network of proof-of-stake validators for the security of assets.

Matic did not respond to Cointelegraph’s request for comment until the time of printing.

Blockchain relationship with the corona virus

As the world struggles with the ongoing pandemic, The cryptocurrency and blockchain industry tried to address the issues and, in some cases, benefit from the crisis. As Cointelegraph reported today, Block.one, the company behind the EOSIO software, recently invested $ 50,000 in a blockchain-based corona virus tracking app.

Wave-based decentralized exchange Waves.Exchange recently launched a forecast market where users can bet whether the spread of the coronavirus pandemic has reached its peak.

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