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Japan's Finance Minister Will Use Blockchain To Stop Covid-19


During the Global Blockchain Conference (BG2C) being held these days in Japan, Tarō Asō, Japan's Finance Minister since 2012, who has also served as Prime Minister in the past, said that blockchain technology will help in the fight against Covid 19:

"In the battle against widespread infectious diseases, blockchain provides a solution for contact trading."

However, the minister also opposed to the proposal to reduce the tax rate of virtual currencies, proposal that wanted to take these taxes from the current 55% to 20%. The reason for this rejection would be the fact that most of the financial resources are already available and are directed towards this sector, so the reduction of taxes would result in a significant loss of revenue for the government.

In any case, in Japan there is a real openness towards cryptocurrencies and blockchain, although the Minister emphasizes how there should be collaboration between governments and technology companies:

“Some of the blockchain communities may still be hostile to regulators due to the belief that they can hamper innovation due to lack of understanding of the technology. What we need is to work together and collaborate to consider the best use of technology under the best governance. "

Blockchain against Covid-19

It should be noted that the blockchain has a structure that allows it to store information that can be retrieved by anyone and from anywhere on Earth.

Already in the past, some teams have tried to use blockchain technology in the fight against Coronavirus.

For example, the various projects related to tracking Covid-19 test results that exist on the blockchain of Telos, but also contact tracking or digital identity that can be found on IOTA.

Other blockchain-based projects that exist in the medical field include Medicalchain.

It is worth mentioning that Japan is a very fertile ground for blockchain projects: IOST has developed its own project in the medical field, so it would not be difficult to introduce a national model based on this or other blockchains to create something like a registry. decentralized patient information that contains all patient information that users can access at all times.

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