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Catenae Innovation makes progress on two fronts

The group said its technology will be the focus of a pilot study in Botswana, while, in a separate announcement, it noted that work on its blockchain-enabled digital wallet has now been completed

Catenae Innovation PLC - Catenae Innovation makes progress on two fronts

Catenae Innovation PLC (LON:CTEA) has unveiled two significant developments – one commercial, the other technological.

The former first: the blockchain specialist has agreed a deal with a newly-incorporated firm called Afrik-ID, set up by Botswana’s former US ambassador David Newman.

Afrik-ID will pilot test over the next four months Catenae’s Onsite ID and Cov-ID technologies in the country “to ascertain their commercial viability”.

Solutions could be deployed in construction, logistics, mining, sports, healthcare, human rights services, law-enforcement and travel and tourism, Catenae said.

"We have every confidence in the leadership team at Afrik-ID,” added interim chief executive Guy Meyer. “Having worked with them over the last few months scoping this pilot we have obtained insight into the scale of the challenges that the region faces, most latterly due to the COVID-19 pandemic, along with the associated opportunities.”

In a separate announcement, Catenae said it had completed work on its Onsite ID product having slowed progress to develop, pilot and launch the Cov-ID coronavirus passport app.

Originally developed for the construction sector to track proof of identity and qualifications, the blockchain-enabled digital document wallet provides audit trails of transactions and is GDPR compliant.

Meyer pointed out: “[It] can also be of use across multiple sectors globally, wherever the validation of identity qualifications and access status are required.”

Quick facts: Catenae Innovation PLC

Price: 3.711 GBX

AIM:CTEA
Market: AIM
Market Cap: £8.19 m
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Catenae Innovation completes development of Onsite ID and reveals new...

Catenae Innovation PLC's (LON:CTEA) Guy Meyer tells Proactive London's Andrew Scott they've completed work on its Onsite ID product having slowed progress to develop, pilot and launch the Cov-ID coronavirus passport app. Meanwhile he also discusses a deal with a newly-incorporated firm called...

on 3/7/20

2 min read