BelfricsBT, a global blockchain start-up, along with YoSync, a start-up incubated at IIITB-IMACX Studios, signed a research collaboration agreement with IIIT Bangalore to jointly develop BelYo, the country’s first Covid-19 blockchain platform.
BelYo uses the BelfricsBT Belrium blockchain platform to convert Covid-19-related clinical and vaccination data of citizens currently from the physical form into digital assets, which can be retrieved by contact tracing apps.
“We had initiated a Covid-19 challenge ‘Setu Bhandhan’ in association with Mphasis to support IIITB’s start-ups with research and funds. BelYo provides a solution that is the need of the hour. By creating digital assets on blockchain, it complements the existing Covid-19 applications like Aarogya Setu, Apthamitra (in Karnataka), etc. Using its state-of-the-art, multi-admin module layer, BelYo will be able to simplify the tracking of all the Covid-19 patients in India from symptoms to vaccination certificate in a decentralised manner, without compromising on privacy of data,” said Prof Sadagopan, Director, IIIT Bangalore and Chairman of IITB-IMACX Studios.