Matic Network Strikes Two Important Partnerships, With COVID-19 Focused Tracy & LTO Network

Scalability focused Ethereum based blockchain Matic Network has struck two new partnerships in quick succession.

On Wednesday, Matic Network announced that it had been chosen by the COVID19 contact tracing application GetTracyApp. As per the official tweet, Tracy will help health professionals to manage their movement and response for the Coronavirus pandemic. It further added the transactions in the app would be powered by Matic, while the data storage will be managed by Matic’s partner MoBit.

Tracing contact n the movement of health professionals is one of the biggest challenges in the way of fighting the Coronavirus, which is why the Tracy app could prove to be a cornerstone in the struggle. As of date, COVID19 has infected over 3.2 million people in at least 210 countries, claiming over 228,000 deaths. In an official post on Medium, MoBit said,

“Tracy is the first blockchain enabled decentralized solution which helps manage the privacy angle in contact tracing, quarantine management and finally restoring confident and free movement. Tracy also helps citizens gauge the likelihood of having come in contact with a person who has tested positive for COVID-19. It also allows collection of primary health symptom data from the citizen users from the app.”

Matic Network announced another big partnership with Europe’s leading hybrid blockchain platform, LTO Network. It stated in a tweet that the two networks are coming joining forces to develop enterprise blockchain solutions, and the first outcome would be an NFT-integrated blockchain-based supply solution. In an official blog shared on its website, LTO Network said,

“Supply chain has been on the blockchain radar since the very beginning, and it makes sense as the blockchain can add a lot of extra value and security to those processes. Together with Matic Network, we are taking the usual scenario a step further with NFTs, Non-Fungible Tokens.”

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button