VXPASS has developed a blockchain-based platform that serves to efficiently manage and record the administration of COVID-19 vaccinations on a large scale; and it has announced on May 11, 2021 that it has reached an agreement with SesiusaTšoele le beta Poho Fund (SESIU) for the platform to be used in the Kingdom of Lesotho’s vaccination rollout. SESIU is a public-private partnership in charge of administering vaccines in the African nation as mandated by the Prime Minister of Lesotho, the Rt. Hon. Dr MoeketsiMajoro. This is the first time a country will record data of all vaccines on blockchain.
“The risk posed to Lesotho by the COVID-19 pandemic is immense for the country’s 2.3 million citizens. At the same time, with some imagination and innovation, there is also scope for new opportunities to emerge. It is my strong belief that VXPASS and Lesotho’s blockchain-based approach to managing our vaccine program will demonstrate the level of digital innovation evident in our country and help us take the lead with this technology across the African continent,” Dr. Catherine Lephoto, former deputy CEO of core operations of and current advisor to the National COVID-19 Secretariat (NACOSEC) in Lesotho, commented.
Through the VXPASS platform, the entire vaccine course will be recorded and updated in real time on the Bitcoin SV (BSV) blockchain, allowing for data to be immutable, secure, transparent and clean. Because it is a public blockchain, it will ensure that monitoring the vaccination rollout by the government and other stakeholders will be easier, more efficient and more cost-effective. The BSV blockchain is the only one in production that has a stable protocol and unlimited scalability that makes it capable of handling big data and creating safe and instant transactions at a low cost. Fee per transaction is currently at 0.0043 USD; and this is expected to be lowered as BSVcontinues to scale and complete nanotransactions in the future.
“It is our firm belief that good data is key for a successful vaccination roll-out, particularly considering the scale of both the effort and investment required. By using VXPASS, the Kingdom of Lesotho is ensuring from the outset that all data generated and captured is not only of the highest quality, but that it is publicly available on the blockchain in real-time—ensuring the utmost levels of transparency, validity, personal control and ultimately, confidence on this road to recovery,” VXPASS founder Zachary Weiner added.
The contract stipulates that VXPASS will manage the first 560,000 vaccinations that SESIU will administer, with a projected total of 1.2 million citizens to to be vaccinated in Lesotho by the end of 2021. While governments and other organizations can easily track the national vaccination rollout, individuals will have access and control over their one personal vaccination records through the VXPASS mobile app. Once completed, the citizens own the records and will be able to present them when needed.
“When blockchain technology is allowed to demonstrate its full-spectrum of capabilities beyond just enabling digital currency, it illustrates the game-changing potential that blockchain offers for enterprises and governments—and ultimately, society as a whole. The BSV blockchain, which powers VXPASS, is uniquely situated to meet the requirements of government and enterprise projects of this scale and offers truly ground-breaking technology to help countries advance their digital transformation—which is a top priority in Africa,” Jimmy Nguyen, founding president of Bitcoin Association, the Switzerland-based global industry organization that advances the adoption of the BSV blockchain, said.
The Kingdom of Lesotho has recognized the value of vaccines on blockchain, while other countries are also utilizing blockchain technology in different ways. This is the future; and the world needs this kind of technology to recover from the pandemic.