VXPASS is a prime exemplar of the BSV blockchain’s utility, offering a service that digitises Covid-19 vaccination records while ensuring user privacy and public auditability, all at a fraction of the price of traditional healthcare record solutions and without centralised servers or the vulnerabilities that accompany them.
This efficiency and security are enabled by the foundational aspects of the BSV blockchain – scalability, low transaction fees, high data throughput and stability. As the BSV blockchain allows transactions to be processed for a fraction of a US cent, the cost of writing health data to the ledger is extremely small – especially when compared to traditional systems.
VXPASS has seen widespread interest and adoption of its digital vaccine verification service, which has made it easier and cheaper for governments and businesses across the world to reliably record and verify Covid-19 vaccination data, potentially saving thousands of lives. The technology delivered by VXPASS is not limited to its Covid-19 solution, however, and the company is already in discussions to expand its offering to address other global health crises.
We spoke to Justin Pauly, President at VXPASS, about the future of the company and how it can leverage its BSV-based health records to address healthcare challenges across the world.
As an initial trial of a BSV blockchain-based verified health record business cases, launched amid the Covid-19 pandemic, VXPASS is a stunning success in terms of adoption and its addressable market.
‘VXPASS is obviously hypercritical right now. Everything that VXPASS is does is verified and the gold standard.’
‘The actual market we’re addressing today is around 950 million people; that’s who we are in talks with. Those are the total populations, the people that would need VXPASS just for Covid-19,’ Pauly says.
Thanks to the scalability of the BSV blockchain, VXPASS is capable of recording and verifying this large number of digitised health records while remaining cheaper and more secure than traditional centralised services. The other major advantage to the VXPASS platform is that ownership of the user’s health remains with them instead of being signed away to a third-party service provider.
‘Only with BSV blockchain would be able to have that receipt roll, because otherwise just there’s too many people. It’s too expensive to process. We wouldn’t be able to get through it,’ Pauly says.
‘I think one of the important factors… is that it is verified and that we do not hold the data. There are many other corporations that do hold that information, but essentially, they’re data mining quite a lot of people. And when you start putting biometrics and your name and all these things together in one, and that’s a holy grail of identity fraud and theft. And so, we steer clear of that.’
‘When we create your VXPASS wallet on BSV, we don’t own that. Only the patient owns that. And so that is a huge differentiator,’ he adds.
VXPASS has received an overwhelmingly positive response from its clients and users, which has allowed them to consider rolling out their verified health record service to other sectors once the Covid-19 pandemic eventually recedes and becomes endemic within the global population. These sectors include everything from surgical records to pharmaceutical prescriptions.
‘As we move into childhood vaccines, as we move into prescription drugs, anything that enters your body, we feel that you should have the right to know that it’s valid and real and that you should also be able to prove ownership of that record to share that at your will,’ Pauly says.
VX Technologies, credentials and future applications
Records written to the BSV blockchain are backed by a traceable, credentialled authority such as a licensed doctor or pharmacist. This credentialling function is crucial for ensuring public auditability of bad actors when verifying Covid-19 vaccination status, but it can be applied to a range of other sectors and is one of the most powerful tools in VXPASS’s arsenal.
‘Everything’s weighted in VXPASS, the record must be weighted by a credential. For the credentialling authority, our Founder Zachary Weiner put together a very elegant solution for this – it’s a double digital signature,’ Pauly says.
‘We see the credentialling aspect of VXPass to be a thoroughbred for the next few years as we roll out market determined. But we see that as a huge growth opportunity for VXPASS and VX Technologies. Apart from just the verified health records, we can be in the verified credential business as well because we really can’t run VXPASS without the credentialling portion, which is so critical to our infrastructure.’
Using this credentialling service in tandem with the ability to write auditable and verifiable records to the public BSV blockchain, VX Technologies is looking at expanding into more healthcare sectors depending on market demand.
‘We have many plans. A lot of it will be market-driven and we’re already receiving market intel. From the countries that we haven’t even totally signed with… they have already enquired about cholera, malaria, and HPV, and then the other huge component is HIV/AIDS management and prevention,’ Pauly says.
‘When you receive your HIV medicine, it’s a complicated process. It’s difficult to have consistent records, a consistent overview of how the programmes is progressing. And it is very expensive, to be honest. The infrastructure is chaotic and expensive, and it’s ripe for disruption with BSV blockchain. So, we’re very excited to move into that.’
The main concept behind VX Technologies and the VXPASS product, however, is the idea of digital health sovereignty – allowing users to own their own health data and choose who to share it with.
‘As we look forward, it’s really about digital health sovereignty. It starts with the vaccine: I can enter this concert. Wonderful, because that does save lives, and that is important. But then if we extrapolate upon that, digital health sovereignty means everything that goes in my body, I should know,’ he says. ‘That should be mine to know and to share with who I want, whether that’s experts, whether that’s I donating my MRI scans to research to feed bots with verified health records. All those things can happen through the BSV blockchain ecosystem as we move forward, but it starts with the credentialling and having these verified records.’