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South Korea to launch blockchain-supported COVID-19 vaccination passport.

South Korean government plans to implement a 20% tax on crypto earnings in 2023.


South Korea has announced the launch of a COVID-19 vaccination passport powered by blockchain technology. The passport will roll out later this month to allow a faster return to normalcy. South Korean Prime Minister Chung Sye-Kyun announced that the government has already developed the passport, and it will be available through a smartphone application. “The people will be able to experience a sense of return to normalcy from a vaccine passport or green card systems,” Prime Minister stated.

 

The passport is built on blockchain technology to prevent identity theft.

The Prime Minister further stated that the passport is built on blockchain technology to ensure security from possible identity theft. South Korea now has joined a growing list of jurisdictions adopting vaccine passports, seeking to bounce back after the lockdowns and shutdowns quickly. Earlier, New York Governor Andrew Cuomo announced that the state had launched Excelsior Pass, its blockchain-based vaccine passport. New Yorker residents will use the passport to access arenas, sports stadiums, wedding receptions, and other public places.

 

Vaccine passports could become more prevalent in the coming months. 

Vaccine passports could become more prevalent in the coming time. Health ministers from G7 countries recently agreed to work together towards an internationally recognized vaccine passport. “The G7 partners agreed that there needs to be some consistency and some collaboration among the countries, so we have some kind of system that would be recognizable, no matter where a person was traveling,” Canadian health minister Patty Hajdu noted. U.K. Prime Minister Boris Johnson confirmed the vaccine passports would become a big part of international travel in a recent press conference. “On the issue of vaccine certification, there’s definitely going to be a world in which international travel will use vaccine passports,” he said.



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