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Colnago, a leading Italian road-racing bicycle manufacturer, has integrated blockchain technology into its new bicycles so that customers can get proof of validity and ownership. New technology, as a result, is expected to combat counterfeit and theft.
Manolo Bertocchi, the head of marketing at Colnago, welcomed the move and stated:
“We have been looking at the security provided by blockchain technology to give our customers the confidence to know that the frame they are buying is authentic and to demonstrate the chain of ownership forever.”
MyLime, a blockchain-based tracking platform, will be tasked with linking Colnago frames to the automotive blockchain, where information about any frame’s manufacture, sale, and transport are stored.
Tour de France Champion to race a blockchain-powered bike
Tadej Pogacar, the 2020 and 2021 Tour de France Champion, is scheduled to run a blockchain-enabled bicycle dubbed Colnago V3Rs at the UCI Road World Championship set for September 26.
“It’s the first time I have designed a bike, and working with Colnago engineers and designers has been very exciting. The idea is that my head is cold like ice while racing, but my legs are always on fire, and Colnago has delivered frozen colors to represent this dichotomy.”
Next year, Colnago intends to incorporate blockchain transactions to team and production bicycles and sales, ownership, and manufacture stored on MyLime’s blockchain platform.
Colnago to establish an NFT version of every bike
Colnago is also eyeing the NFT world, given that it will avail a non-fungible token to every bike owner.
The NFT sector has experienced an uptick in activities, given that the tokens offered are different from the typical ones because of fungibility.
NFT is a blockchain-based ownership digital asset, and its value is pegged on its uniqueness, given that the tokens are non-divisible and have to be bought in their entirety. Therefore, these traits create intrinsic value for NFTs because of their limited supply.
Spanish LaLiga League recently teamed up with Ethereum-based fantasy soccer game platform Sorare to establish NFTs for all its players.
Image source: Shuttstock
A blockchain solution-based digital health passport has been launched for trial to record all Covid-19 related activities, such as Covid-19 test results, vaccination status and immunity, in a decentralised and private manner.
The Chinese University of Hong Kong (CUHK) and an Ethereum technology company-ConsenSys have launched a digital health passport called “Medoxie Covid-19”. Multiple functions are included, such as temperature checks and vaccinations status in this mobile app.
Users can register their accounts in bilingual language, including English and Chinese. In addition, validated users are enabled to store their data through these mobile apps and share their own Private Health Information (PHI) to third parties, such as medical staff in hospital and clints.
“This COVID-19 blockchain passport uses trusted blockchain technology to protect user data, making it verifiable and secure,” says Dr. Arafet Ben Makhlouf, Senior Technical Architect of ConsenSys. Dr Marten Brelen, Associate Professor of the Department of Ophthalmology of CUHK, as the principal investigator, also welcomed the partnership and said the developed blockchain digital health passport could “support the fight against the pandemic”.
The digital passport has been built using ConsenSys Quorum and Codefi Orchestrate technology, which leverages the Ethereum blockchain technology. The platform claims that it only allows limited and consented access to patients’ health information for protecting personal data privacy.
ConsenSys said the new passport would enable academic at CUHK to perform large scale data analysis for studying the impact and longevity of immunity following vaccinations with the assistance of blockchain technology with big data.
Image source: Shutterstock
New York State’s Governor, Andrew M. Cuomo, announced the launch of a blockchain Covid19 passport to allow the voluntary sharing of Covid19 Vaccination and Test Status.
The new passport, which will go by the name of Excelsior Pass, was developed in partnership with IBM using blockchain technology to ensure the authenticity, security, and privacy of the data.
The acquisition of the passport is completely voluntary, as well as free, and it will be used by participating theaters, stadiums, arenas, and other types of events that want to operate in accordance with the state’s guidelines.
Users who apply for the pass will be able to use it in the same way as a mobile airline boarding pass, print it, or use the Excelsior Pass Wallet app to share recent negative PCR/Antigen test results and proof of vaccination, which participating businesses can then confirm by scanning a secure QR code.
While the United States and other countries around the world have started rolling out the Covid19 Vaccines, the economy has still failed to reactivate in most places as businesses have struggled to make up for the deficits created by the pandemic in the form of social distancing and other measures.
According to the statement published by the Governor’s office, the decision behind the use of blockchain technology to encrypt data was the “special emphasis” that was given to user privacy, as well as making the information easily verifiable and trusted.
According to James Wester, Research director for IDC Worldwide Blockchain Strategies, the technology will not only ensure the security and authentication of the data but also provide individuals with control of what, where, and when the data is shared with participating businesses.
No information on how the blockchain software works on the backend has been given by the Governor’s office nor IBM, which has resulted in concerns due to the lack of privacy policies or reviewable code.
The pilot program for the Pass took place during the first days of March during Brooklyn Nets’ game at the Barclays Center and a New York Rangers game in March at Madison Square Garden, which the government and its partners considered positive.
The use of health passports has been a matter of controversy in the last months due to the potentials they have to become a tool that outlives the pandemic but Governor Cuomo believes that the measure is necessary to protect the health of New York residents and reactivate the economy.
Governor Cuomo stated,
“The question of ‘public health or the economy’ has always been a false choice — the answer must be both. As more New Yorkers get vaccinated each day and as key public health metrics continue to regularly reach their lowest rates in months, the first-in-the-nation Excelsior Pass heralds the next step in our thoughtful, science-based reopening.”
Those who oppose the use of Covid19 passports believe that they could result in social stratification on a global scale due to the inequality in the distribution of the vaccines
Michael Ryan, Head of the World Health Organization Heal-Emergencies Response Team, referred to this situation earlier this month by stating:
“Inequity and unfairness can be further branded into the system if we continue to make decisions on what people can and can’t do, where they can and can’t go on the basis of being vaccinated when being vaccinated itself is not something that everyone has equal access to.”
While the Excelsior is still far from restricting those who have not been vaccinated from accessing essential services such as travel and public transport, the decision has raised concerns among privacy advocates.
Some think the project might have been rushed due to allegations of sexual harassment against the governor, which are numerous.