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ITOCO Completes Blockchain Smart Contract for Immutable Virus Test Result Verification System
ITOCO Completes Blockchain Smart Contract for Immutable Virus Test Result Verification System.
About this update from Itoco Inc
[{"type":"text","content":"TORONTO, ON / ACCESSWIRE / October 1, 2020 / ITOCO INC. (OTC PINK:ITMC) has successfully completed and deployed the blockchain portion of its patent-pending Immutable Virus Test Result Verification System to the Ethereum Ropsten test network.This important first step in commercializing the patent-pending technology, acquired through its previously announced agreement with DATANet Software, and making it available to prospective clients and partners in several key industries hardest hit by virus related issues including casinos, cruise lines, airlines, live music and sports, and tradeshows.Key benefits that those industries will receive include:Ability to open and expand operations sooner and more safelyProviding customers and employees with transparent view of safety processes and resultsTaking an industry leadership role in demonstrating solutions to returning to pre-pandemic operations safelyMore information on how those industries can use and benefit from this system is available on the ITOCO blog post https://blog.itoco.net/5-major-industries-that-will-drive-demand-for-rapid-virus-testing-and-verification-as-a-result-of-covid-19/"The smart contract we have deployed provides for adding verified users through a combination of biometric and blockchain identifiers, adding verified virus test machines that can write immutable result data to the blockchain and immutable test result querying functionality." said Greg Marlin, CEO/CTO of DATANet and author of the smart contract that was deployed. "The next step in commercializing this patent-pending technology is to complete the administration software, development for which is currently underway. We expect to have an announcement on its completion shortly.""The test network deployment is an exciting development on our path to commercializing our patent-pending technology and affirms our commitment to commercializing our intellectual property for the benefit of customers, partners and investors." said Michael Paul, CEO of ITOCO.About ITOCO Inc.:ITOCO's mission is to be a global leader in developing, distributing, and producing Bio Tech related technologies and methodologies in a compliant environmentally friendly manner. ITOCO Inc. trades on the OTC Markets, symbol: ITMC. ITOCO is a 5-year-old publicly quoted specialty Bio Tech development, productio...