MIT Solve

Solution Overview

Solution Name:

COVID-19 Trace Coin

One-line solution summary:

Multidisiplinary solution powered by AI Big Data & Blockchain incentivizing communities to addopt decentralized App reducing viral spread

Pitch your solution.

COVID-19 Pandemic resulted in global lock-down affecting global economies, the latest findings released by WHO indicating infection spread attributed to symptomatic patients.

The solution based on incentivizing symptomatic patient on self reporting to a decentralized app that guarantees them reward by the community to not to spread the virus through a gamification process.

the coin also provides funding stream to setup low cost RT PCR test through a licensing model improving testing capabilities globaly.

the integration of Blockchain to provide transparency, immutability, time stamp with decentralized trust together AI components as C.V. ,ML Deep learning , Image recognition Maps API would facilitate warning clearoff zone from symptomatic individuals without compromising their privacy in addition marking possible surface contact contamination to be disinfected.

The Coin backed by stakeholders to improve societal confidence preventing further lockdown via cooperative rewarding those cooperating to stop viral spread and building capacity for those in need

What specific problem are you solving?

The New Normal Is Challenging one as a result of COVID-19 in regards that productive communities requires social interaction and reducing viral spread requires social distancing, social distancing in return reduces transactions and lead to economic deceleration.

Global economies to thrive in New Normal a gain of confidence is required this can be achieved through a collaborative work that requires self reporting to the community and embracing self isolation at the same time protecting privacy.

Positive identification by self reporting of symptomatic patient must be confirmed by RT PCR test globally it has been a challenge for health care system to build testing capacity, once a person reaches a definitive diagnosis and self isolating the economic impact on those affected needs to be compensated in return of protecting local communities.

One major source of viral spread is micro-payments with cashback that can contribute to the viral spread a solution will be needed to reduce cash payment or at least eliminating cashback and thus minimizing viral spread this is particularly important in emerging economies.

What is your solution?

COVID-19 Trace Coin is a Utility Token that is part of the solution where it integrates Blockchain technology's Immutability transparency and decentralized trust to reward those in compliance with self isolation when symptomatic and receiving benefit from the community through social cooperative structure from the community and stake holders.

The contribution from the community into the system builds up RT PCR testing capacity by licensing test from Cube Dx golably to testing labs & hospitals at nominal licensing fee of 50 cents USD per test using raw material at estimated cost of 5-7 USD only Thermocycler and blue light without the need for Expensive Real Time PCR and RNA Extraction Kits Extraction Machines.

The COVID-19 Trace Coin Uses E wallet that has capability to eliminate cashback and deposit cashback in form of Coin that is backed by Redeemable Silver, each transaction has log file with location time and service provider or sales person involved this provides a time stamp even without any transaction through Geo-monitoring and integration with google and apple social distancing application.

an add-on component is integration of AI C.V. , Image recognition & Machine learning to mark potential contaminated surfaces linked to possibly transmissible encounter (Symptomatic Sphere)

Who does your solution serve, and in what ways will the solution impact their lives?

The proposed solution affects all stake holder from Businesses , community members , vulnerable patient in need & health care system provider

for community members via gain in confidence to go out in a safer environment via incentivizing individuals that a cooperative insurance is there to help them when reporting symptoms providing low cost testing and abiding self isolation monitored via blockchain immutable and transparent system.

For business improving social interaction for those who demonstrated compliance verified by random check of fever and what reported

patient and health care provider via lowering the cost through building capacity from system markup fees when buying the asset backingup the coin SILVER

Explain how the problem, your solution, and your solution’s target population relate to the Challenge.

A five components interact with each other to promote confidence, triggers possible contact exposure to Human to Human transmission and human to Surface to Human exposure.

as social communication can fuel spread of the virus , Social Communication and share of knowledge incentivized by care if required by the community reduces viral spread powered by dAPP where the reward is governed through decentralized blockchain which serves as Time stamp immutable transparent with cost-less verification and strengthened by the the community power of its adoption and magnified by network effect.

AI using CV Ml & Deep Ml improves system ouput

In what city, town, or region is your solution team headquartered?

London, UK

What is your solution’s stage of development?

Concept: An idea being explored for its feasibility to build a product, service, or business model based on that idea

Who is the primary delegate for your solution?

Fawaz A. Linjawi