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Blockchain Holdings says TRACEsafe wins additional orders of its contact tracing and self-quarantine monitoring technology

The company said health and safety wearable technology will be instrumental to reopening economies following the coronavirus pandemic

Blockchain Holdings Ltd. - Blockchain Holdings says TRACEsafe wins additional orders of its contact tracing and self-quarantine monitoring technology
TRACEsafe disposable bracelets have been used in Hong Kong since the end of March to assist the OGCIO manage its quarantine program for foreign visitors and returning citizens

Blockchain Holdings Ltd (CSE:BCX) (OTCMKTS:UTOLF) announced Tuesday that its wholly-owned subsidiary TRACEsafe Technologies Inc has won additional orders for its contact tracing and self-quarantine monitoring technology from the Hong Kong Office of Government Chief Information Officer (OGCIO).

TraceSafe is a set of patent-protected health and safety products, including a bracelet with an embedded chip and related software to track the wearer's location. Blockchain said the burgeoning category of health and safety wearable technology will be “instrumental” to reopening economies following the coronavirus (COVID-19) pandemic. The technology can also be deployed by governments around the world to support their self-quarantine programs.

The company said TRACEsafe disposable bracelets have been used in Hong Kong since end-March to assist the OGCIO manage and enforce its quarantine program for foreign visitors and returning citizens. Hong Kong’s OGCIO has been issuing TRACEsafe bracelets at a rate of “hundreds to thousands per day” since they deployed the technology, the company said.

READ: Blockchain Holdings completes acquisition of TraceSafe technology from WiSilica

"We are pleased at the ongoing adoption of TRACEsafe's technology in Hong Kong and their most recent volume shipments are a testament to its success. We are very happy to continue working hand in hand with Hong Kong authorities to thwart the spread of COVID-19," TRACEsafe CEO Dennis Kwan said in a statement.

"TRACEsafe is a critical tool to not only manage quarantine, but to provide a safer environment through real-time contact tracing in so many aspects of society, from workspaces to live audience venues, such as sports and concerts, to schools and universities. We are proud that TRACEsafe can help the world safely re-open," he added.

TRACEsafe's innovative suite of wearable health and safety products include a bracelet with an integrated bluetooth beacon and related software to track the wearer's location. It was developed and deployed for maternity wards and senior citizen's housing but has been transformed to help manage the pandemic.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

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Price: 0.5 CAD

CSE:TSF
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Market Cap: $15.64 m
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