<span style="font-weight: 400;">Taro Aso, the Finance Minister of Japan has recently shown faith in blockchain technology. He believes that blockchain can help to fight against COVID-19 for contact tracing and not only that, it will also take care of the privacy of the users.</span>

<span style="font-weight: 400;">Taro Aso has given this suggestion at the <a href="https://www.bg2c.net/en_session.html" target="_blank" rel="nofollow noopener">conference</a>, Global Governance Conference, which is also known as FIN/SUM Blockchain &amp; Business, held on August 24 in Tokyo. At that conference, the finance minister gave the opening remarks.</span>
<h2><b>Taro Aso said blockchain will give better measures to government </b></h2>
<span style="font-weight: 400;">Taro Aso has said, “In the battle against widespread infectious diseases, blockchain provides one solution for contact trading.” According to the records, total cases of COVID-19 are around 24 million across the world and Japan is having more than 60,000 of them. Due to this pandemic, a very little number of people were allowed to attend the conference, physically. However, it was available via Livestream coverage for others. </span>

<span style="font-weight: 400;">Taro Aso has emphasized the privacy feature that blockchain will provide along with contact tracing. He also believes that through this, the government authorities can ensure what should be done with containment along with preventing measures to prevent the further spread of the virus. </span>
<h2><b>Need to work together and collaborate </b></h2>
<span style="font-weight: 400;">While talking about possible use cases of blockchain technology, Taro Aso said that all the issues between Japanese regulators and the blockchain community should be addressed. This will help them to make further progress. He believes that both the regulators and blockchain community will have to work together and collaborate. This will help to ensure the best use of technology under the guidance of best governance. There are other prominent personalities from the finance sector, who have propagated about blockchain technology. SBI Holdings CEO has earlier said that blockchain technology can help to trace and track the supply chains of all the essential goods.</span>
<h4><span style="font-weight: 400;"><strong>Articles You May Read</strong></span></h4>
<ul>
 	<li><strong><a href="https://blog.cryptoknowmics.com/how-to-choose-cryptocurrency-wallet/">How to choose a cryptocurrency wallet?</a></strong></li>
 	<li><strong><a href="https://www.cryptoknowmics.com/news/strong-reasons-to-buy-bitcoins/">Strong Reasons to Buy Bitcoins</a></strong></li>
 	<li><strong><a href="https://cashbackjazz.com/blog/is-bitcoin-rush-a-legitimate-investment/">Is Bitcoin Rush A Legitimate Investment?</a></strong></li>
</ul>

Taro Aso Believes Blockchain Can Help Contact Tracing in COVID

Taro Aso, the Finance Minister of Japan has recently said that blockchain can help to fight against COVID-19 for contact tracing

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Taro Aso Believes Blockchain Can Help Contact Tracing in COVID

Top Picks