COVID-19 vaccination logs stored in VeChain as use cases increase

The Mediterranean Hospital of Cyprus, one of the largest private health facilities in the country, stores its COVID-19 vaccination logs on VeChain – another compelling use case for the supply chain logistics platform.

By Monday, 100 doctors and employees had received their first dose of the COVID-19 vaccine, the hospital said in a press release. The vaccinated staff also received a digital certificate for their E-HCert app, an electronic wallet for laboratory results based on the VeChain Thor blockchain.

The digital certificates are “another step in the digital transformation of the healthcare industry via VeChainThor Blockchain,” said the Mediterranean Hospital of Cyprus.

In a Twitter post earlier this week, the VeChain Foundation said its technology is reassuring governments and individuals that test results are valid.

The E-HCert app was implemented in the hospital in June. In a period of three months between June 2020 and August 2020, the app recorded the COVID-19 test results of more than 8,000 people, according to VeChain.

In December 2020, VeChain announced that another Cyprus-based medical facility, Aretaeio Hospital, had also integrated the digital lab test wallet solution.

For all potential use cases, VeChain has highlighted healthcare as an industry prepared for disruptions due to blockchain technology.

According to the company, blockchain technology “represents the best opportunity to radically reshape the current paradigm and change the delivery of health services, test results, therapeutics and diagnostics, and advance the process and security of information exchange between parties.”

VeChain was launched in 2018 and claims to enable secure product lifecycle management by focusing on the supply chain and Internet of Things protocols. The project has received strong support from various levels of the Chinese government, including partnerships with Walmart, BMW and LVMH.

According to CoinMarketCap, VeChain’s cryptocurrency has gained more than 20% in the past 24 hours and 56% in the past week. In terms of market capitalization, it currently ranks 20th with a value of around $ 1.95 billion.