Press "Enter" to skip to content

India’s First Coronavirus Blockchain Platform Receives CSR Funding

COVID-19 focused blockchain startup, YoSync recently entered into a research association in agreement with IIIT Bangalore, a technical and research university located in India. The startup has partnered up with a Malaysian DLT startup, BelfricsBT.

The aforementioned partnership is intended to cooperatively develop a blockchain platform to tackle coronavirus. As part of their outreach programme to knock down problems caused by the coronavirus outbreak in India, the CSR arm of Mphasis, has funded the program.

The aforementioned partnership has accelerated the pace of the development and launch of BelYo, which is allegedly the first-ever blockchain platform to tackle coronavirus in India. The platform has got the functionality to convert coronavirus related clinical and vaccination data of individuals from their existing physical form into virtual assets. These digital assets, in turn, can be obtained by any contact tracing app similar to Aarogya Setu.

The startup intends to issue certificates for coronavirus clinical records on blockchain at a trivial cost of less than twenty Indian Rupees.

What do you think about the increasing pace of development of blockchain based products in India? Have you got in touch with any other coronavirus platform based on blockchain? Let us know your thoughts in the comments below!

Image by Jeyaratnam Caniceus from Pixabay

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *