University of Glasgow’s BeepTrace Contact Tracking System Proposed for Development and Testing at the University of Glasgow, to be Integrated with the World Contact Platform, Part of a Future Joint Venture or License Agreement
OCEANSIDE, CA / ACCESSWIRE / 27 October 2020 / Contakt LLC, a wholly owned subsidiary of Contakt World Technologies Corp. in British Columbia, Canada (“Contakt World,” “Contakt,” or “Company”), a technology company modernizing the contact tracing process, announced today that it has entered into research agreements and commercial options with the University of Glasgow in Scotland, United Kingdom (“University”), to develop BeepTrace, an early stage proposed mobile-based system for digital contact tracing based on blockchain. Prior to making a deal with Contakt World, the founding team published a white paper BeepTrace: Privacy Preservation Contact Tracking with Blockchain support for the COVID-19 Pandemic and More. BeepTrace is expected to be an active solution for the wider Contakt World product portfolio.
Like the Temporary Contakt World patent filed on March 31, 2020 with the United States Patent and Trademark Office – BeepTrace seeks to use blockchain to reduce the sensitivity of user identification and location information, assigning each user a randomly generated anonymous ID number, which changes regularly to prevent unauthorized tracking or personal identification. This approach allows for greater security and privacy with the added advantage of being battery friendly and globally accessible mobile devices. This system is a project led by Dr. Lei Zhang at Glasgow University’s James Watt School of Engineering, with other authors and collaborators from the School including Mr. Hao Xu, Dr. Paulo Valente Klaine, Dr. Oluwakayode Onireti, Dr. Yao Sun and Professor Muhammad Imran.
Based on the BeepTrace white paper and additional input from Contakt World, the University will create an initial mobile application for end users and a blockchain database to process and log user information. Applications will then be tested in three different use cases on campus with staff and students at the University of Glasgow, after which Contakt World will have the right to negotiate a licensing or joint venture agreement. In addition, Contakt World will have the opportunity to expand its relationship with the University where additional testing of Contakt World solutions can be carried out within the University, which has yet to be determined.
“The proposed BeepTrace solution, which is also supported by the Contakt World suite of technologies and integrated with the Contakt World platform, provides a compelling use case for the University of Glasgow and the possible future commercial relationships in Europe,” said Justin Beck, Chief Executive Officer. from Contakt World. “We hope the end of this project will be a joint venture or exclusive license of their results, perhaps giving Contakt World access to the European market using the BeepTrace solution, overlaid with additional solutions from Contakt World. We look forward to working closely with Dr. Zhang and the team at The University of Glasgow and confident BeepTrace can diversify the product offering for Contakt World for our healthcare, jurisdictional, B2B and B2I agency customers. “
Dr. Zhang added, “Addressing public privacy concerns is a key requirement for successful contact tracing. With BeepTrace, which is enabled by Contakt World through funding, additional support, and planned integration, users’ personal data is always stored securely, and the app only notifies users themselves that they have been in contact with someone with a confirmed case of COVID-19. We chose to work with Contakt World because their unique technology also leverages secure databases to protect user privacy and encourage wider adoption. hope to continue this project to a testing point. on the University of Glasgow campus, and the next commercial opportunity with their team. “
Professor Muhammad Imran, head of the University’s Communications, Sensing and Imaging Research Group, and a collaborator on the project, said: “The preservation of privacy frameworks has broader implications for the future collection and processing of sensitive and personal data – with applications in several areas at outside the health care domain. Our collaborations with industrial and commercial partners, starting with Contakt World, aim to find a commercially viable privacy preservation technology framework by solving technical problems through research and innovation. “
About Contakt World
Contakt World is a technology company innovating the contact tracing process, with the goal of becoming the most trusted, accessible and scalable contact tracing and health surveillance system globally. Contakt World combines aggressive research and development, next generation data integration, and strategic health partnerships to empower and build mutual trust in communities, all contributing to health equality and reducing the health care gap for users around the world. For more information, please visit the Company’s website at www.contakt.world, which will be updated shortly to reflect the company’s progress since its inception in March 2020. Contakt LLC is a subsidiary of Contakt World Technologies Corp. in British Columbia, Canada.
About the University of Glasgow
Founded in 1451, the University of Glasgow has a tradition of excellence as the fourth oldest university in Great Britain. He is a member of the elite Russell Group of leading UK research universities and a founding member of the University21. The University of Glasgow has developed the talents of 7 Nobel Laureates, Scotland’s first female medical graduate, and is among its alumni some of the world’s most famous innovators, from scientist Lord Kelvin to economist Adam Smith to television pioneer John Logie Baird.
Ranked 67th in the world and 11th in the UK (QS World University Rankings 2019/2020), the University of Glasgow is the world’s leading research-intensive institution, attracting scholars from more than 130 countries around the world each year. The institute’s annual research revenue places it in the top 10 recipients for research in the UK. In recognition of its employment practices that specifically support women’s careers in science, technology, engineering, mathematics and medicine (STEMM) in higher education, the University was awarded the Athena SWAN Institutional Bronze Award. The university also holds the EC award for ‘HR excellence in research’; recognizes the university’s commitment to improving the working conditions and career development of research staff.
Lucas A. Zimmerman
Senior Vice President – MZ North America
Account Director – 5WPR
Forward-looking Statement Disclaimer
This press release contains “forward-looking information” within the meaning of the applicable securities laws (“forward-looking statements”), including, but not limited to, statements relating to World Contakt’s future prospects. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as “plan”, “expect” or “not expect”, “expected”, “budget”, “scheduled”, ” forecast “,” forecast “,” project “,” intends “,” anticipates “or” does not anticipate “, or” believes “, or variations of such words and phrases or states that actions, events, or results” may “, “could”, “will”, “maybe” or “will be taken”, “happened” or “accomplished”. Such forward-looking statements must involve both known and unknown risks and uncertainties that could cause actual performance and future financial results to differ materially from projected future performance or the results expressed or implied by such forward-looking statements, including the actual time of the Contakt World product launch and the ability to commercialize the solution according to its plan, Contakt World ability to acquire GAEN rights with Google and Apple, or to allow Contakt World to store its apps in each app store for iOS and Android mobile operating systems respectively. Although the forward-looking statements contained in this press release are based on what Contakt World management believes to be reasonable assumptions, there is no guarantee that the forward-looking statements will prove accurate, as actual results and future events may differ materially of the. anticipated in the statement. Factors that could cause actual results to differ materially from those of forward-looking statements include the risks listed above as well as additional risks such as the success of the research and transactions described herein with the University of Glasgow, regulatory changes globally and in any jurisdiction, general economic, market or business conditions, actual or perceived implications of immunization or COVID-19 treatment and timing, meeting or maintaining various provisions of HIPAA, GDPR and CCPA compliance, protection of the Company’s intellectual property, and government adoption of the Contakt World platform or app , B2B customers, B2I customers, and consumer end users. Contakt World is under no obligation to update any forward-looking statements if circumstances or management’s forecasts or opinions change except as required by applicable securities law. Readers are warned not to rely too much on forward-looking statements.
SOURCE: CONTACT LLC
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