Categories: Market Overview

Vaccine passports could prove to be a privacy minefield for regulators

When the EU announced its plans for a “digital green certificate” this month, the tourism industry breathed a sigh of relief that maybe summer could be salvaged. Since the onset of the coronavirus pandemic, the concept of a “vaccine passport” has been floated regularly. Once inoculated against Covid-19, a person could carry proof of vaccination that would allow them to travel or access services that are otherwise shut under lockdown.

The EU’s certificate, which avoids using the term “passport,” would create a common digital system for Europe, likely in the form of a smartphone app, to prove vaccination, a negative test or that they have recovered from the virus. EU Justice Commissioner Didier Reynders said a common EU-wide approach to such a certificate would “gradually restore free movement” in the region.

“It is also a chance to influence global standards and lead by example based on our European values like data protection,” he said earlier this month. Different industries around the world have been tinkering with these passes for months.

IBM is working with New York State on a digital health pass that uses blockchain technology to verify a person’s test or vaccine credentials and Walmart, which is carrying out shots in its stores, recently backed calls for vaccine certificates. Apple and Google previously collaborated on creating standards for contact tracing in smartphones. The EU has suggested that the tech giants might collaborate again on these efforts with the World Health Organization, but the WHO has since denied this. Now as vaccine rollouts gather pace, the prospect of these digital passports or certificates have caught the eye of many different industries.

Vaccine passports could prove to be a privacy minefield for regulators, CNBC, Mar 30

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

5 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

6 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

6 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

10 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

11 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

1 day ago

This website uses cookies