Stephanie Tower for CoinGeek Pulse Episode 38

The CoinGeek Pulse Episode 38: NY blockchain vaccine passport, Bitcoin SV at Ritossa Summit in Dubai, Abendum joins Norway regulatory sandbox

This week in the CoinGeek Pulse, we give you a rundown of stories from around the world.

New York is making waves after Governor Andrew Cuomo announced the launch of a blockchain-based vaccine passport in a bid to reopen businesses and entertainment venues in the state.

The Excelsior Pass app is a tool to prove vaccination or history of a negative COVID-19 test among businesses and consumers. Individuals will be able to either print out their pass or store it on their smartphones using the app similarly to a mobile airline-boarding pass. Each Pass will have a secure QR code to be scanned to verify proof of COVID-19 negative test results or vaccination. No other health information will show when scanned.

New York is the first state in the U.S. to launch this blockchain-based technology.

In the Middle East, Bitcoin SV (BSV) is taking part in the world’s largest and most exclusive gathering of family wealth in Dubai. Sir Anthony Ritossa’s 14th Global Family Office Investment Summit is a private forum exclusively organized by family offices for family offices, ultra-elite, prominent business owners, Sheiks, Royal family members, financial families and private businesses worldwide.

Bitcoin Association headed by Founding President Jimmy Nguyen, Bitcoin SV projects and association members have been active participants of the event. CoinGeek caught up Sir Anthony Ritossa who shared his thoughts on BSV and what it offers to potential investors.

“Bitcoin SV is the most impressive fusion of data and money that I’ve come across for enterprises not just here in Dubai, in the UAE, and across the Middle East but also around the world,” explains Ritossa.

In Europe, the Financial Supervisory Authority of Norway includes Bitcoin-powered triple entry accounting system Abendum in the regulatory sandbox. Norwegian finance watchdog Finanstilsynet adds a project from Abendum AS to participate in Pool 2 in the regulatory sandbox for fintech. It is the third project after Quesnay and Sparebank1 SR-Bank to participate in the regulatory sandbox.

In a statement, the coordinator for the regulatory sandbox Vidar Stjern Nordtømme says, “The project is technologically innovative and the technology can be of great benefit to the industry.” He adds, “Today, the auditor spends much of his time obtaining sufficient and good enough audit evidence. Measures that streamline this process could provide a more efficient audit, better audit quality and lower audit fees.”

Abendum, powered by UNISOT, wants to develop a solution for storing and making available audit evidence based on blockchain technology.

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