The BSV blockchain not only offers micropayments and limitless scaling but is also the perfect platform to manage personal data and certification for governments and enterprises, says Dr Katherine Lephoto, executive sales director at VX Technologies.
VXPASS offers worldwide vaccination verification that doesn’t store your personal medical information. This frees governments, healthcare providers, insurers, and companies from the burden of handling personally identifiable health credentials.
‘Basically, it’s a start-up tech company building solutions for specific needs. These solutions are built on the BSV blockchain with the aim of bringing records to the unrecorded,’ she said.
‘Currently we are focusing on two sectors across the African continent – the health sector and the education sector.’
Giving people ownership over their data with blockchain
Lephoto said that one of the key aims of VXPASS is to use the BSV blockchain to give people sovereignty over their records and ensure that they remain the owners of their own personal information.
‘So when we started our company a couple of years ago it was really with the background of Covid-19 vaccinations. But now the whole platform has been expanded into other uses.’
She gave the example of the South African government requiring proof of vaccination as part of vaccine mandates in certain areas. She added that the South African Health Department can’t deal with large numbers of vaccinations at once, showing a clear use case for this type of technology.
‘That’s where the power of the blockchain comes in because as you can imagine, we’re dealing with a whole lot of data that needs to be processed very quickly. But we are also dealing with data that needs to be managed using very affordable solutions.’
Blockchain is ultimately a tool
‘We have a problem here where for the first time in living history we are dealing with health surveillance that needs to be presented to many countries. Health records by their very nature need to be private, and that privacy is sacrosanct. But now suddenly because of the pandemic we have a situation where we have people who are not qualified who need to verify the authenticity of vaccination.’
Lephoto added that the BSV blockchain is a perfect fit for what is effectively a ‘data overload’. It’s also important that this large amount of data is verifiable. Finally, the solution has to be cost-effective so that it does not price out entire markets such as the African continent.
‘If somebody is making money out of my data. Shouldn’t I be getting a piece of the action? And this is exactly fundamental to what we call data sovereignty. Ownership of your data. It is fundamental to everything that we are trying to do.’