South Korea Prime Minister Chung Sye-kyun makes it known that the country will introduce blockchain powered vaccine passports through a smartphone application this month.
Prime Minister Chung Sye-kyun said, “the people will be able to experience a sense of return to normality from a vaccine passport or green card systems,” he said during a daily interagency meeting on the government’s coronavirus response.
According to Chung, the government has already developed the system that shows the vaccination status of a person through a smartphone application and plans to launch it this month. He explained further the security of the system, saying it is based on blockchain technology to provide security against the possibility of identity theft.
Chung added, (Systems) in other countries also do not store personal information while allowing the verifications of vaccination statuses.
OpenSea plans to add Ethereum Layer 2
Non-fungible token (NFT) marketplace OpenSea plans to add Ethereum Layer 2 protocol in a bid to remove costly gas fees. OpenSea is one of the largest NFT marketplaces in the world and with the recent hype and high demand in tokenized art and music to digital wearables; it has been gaining more popularity and extreme expansion in the space.
On Wednesday, the marketplace makes it known that the technology will provide instant trade confirmation, increased scalability and zero gas fees.
OpenSea Head of Product, Nate Chastain said, “integrating Immutable X enables us to offer users a gas-free trading experience without sacrificing the security of the Ethereum network”. He added, “we’re rolling this out for … future game developers and players on OpenSea who will benefit from this scaling solution.”
According to a press release, the protocol has the capability of processing over 9,000 transactions per second.
Robbie Ferguson said, “OpenSea’s support is a massive addition to Immutable X and a step forward for scaling Ethereum NFT’s.” Robbie Ferguson is the co-founder of Immutable; he concluded by saying, “We look forward to supporting their insane exponential growth with our protocol.”