Working in partnership with the Telos Foundation, the Agerona app will provide access to low-cost coronavirus tests.
Block.one, the company behind the EOS blockchain, today announced that it has awarded a $50,000 grant to a blockchain company. Genobank.io to help facilitate the development of applications to assist with coronavirus (COVID-19) testing.
The open-source application, called Agerona, is being developed in collaboration with the Telos Foundation. Once available in May, it will allow users to get inexpensive COVID-19 tests and then the results available via the Telos blockchain. Where they can choose to share it with medical professionals and even researchers of their choice.
The grant was awarded through the EOS VC Grants Block.one program in partnership with FinLab EOS VC and EOS Global.
“As recipients of the EOS VC Grants, we are grateful to have the support and support of the Block.one venture arm of EOS VC in assisting our efforts to anonymize DNA/RNA (including coronavirus) testing kits, while empowering patients and users to decide whether they want their anonymous data available. for the scientific community and help control the spread of the coronavirus and potentially contribute to treatment.” said Genobank.io CEO Daniel Uribe, in a release.
Block.one is the company behind purportedly offering an initial coin offering (ICO) of up to $4 billion. Which resulted in a $24 million fine levied by the SEC.
The company is trying to put some of that money to good use: outside of Genobank.io. Block.one has also invested in other blockchain health technology companies.
Health and wellness platform PUML and research firm Innoplexus are both pivoting to help with current coronavirus-related needs, according to a Block.one release.
“We have seen the growth of an open source community whose passion and innovation have helped identify and solve critical business problems in sectors from the arts to healthcare.”. said Block.one CEO Brendan Blumer, in the release.
“With the emergence of urgent world problems caused by the coronavirus. It is important for us to empower and support the way blockchain technology is applied to deliver solutions.”
Many other blockchain-based and decentralized projects have also worked to help in COVID-19.