Enterprise IT Archives - Page 5 of 11

Lvji Technology Announced 2020 Annual Results

Performance rebounded strongly in the second half of the year
Revenue from customized content surged

China’s leading online tour guide provider Lvji Technology Holding Inc. (Lvji Technology or the Company, together with its subsidiaries, the Group, stock code: 1745.HK) announced its consolidated results for the year ended December 31, 2020 (“the Year”).

Financial Highlights:

The revenue in 2020 was RMB295.1 million, compared with RMB541.8 million in 2019. The decrease in the revenue was mainly due to the global outbreak of COVID-19 in the first quarter which led to shrinking travel demand. The revenue in the second half of 2020 was RMB214.7 million, recording an increase of 167% compared to the first half of 2020.
The Company has been establishing in-depth cooperation with cultural and tourism bureaus and scenic spots across China. The revenue from the sale of customized content in 2020 was RMB13.0 million, a significant increase of approximately 49.9% compared to 2019.
The net loss for the Year was RMB100.6 million, whereas the profit in 2019 was RMB160.8 million. The loss was mainly due to the continuous pressure on the Company’s overseas online tour guide business, which was the result of the severe situation of overseas epidemic prevention and control, and the implementation of passenger flow control in domestic scenic spots, both partially offset the growth brought by the recovery of the domestic tourism industry since the second quarter in 2020. An impairment loss of RMB70.4 million in intangible assets was recorded for the year of 2020. Excluding listing expenses, the adjusted loss for the year was RMB61.1 million, and the adjusted profit for the year of 2019 was RMB178.8 million.

Operational Highlights:

The number of online tour guides increased by 6,559 from 19,493 as of December 31, 2019 to 26,052 as of December 31, 2020, while the number of tourist attractions in China covered by our online tour guides increased from 11,238 as of December 31, 2019, to 14,229 as of December 31, 2020. The Company’s online tour guides covered 279 AAAAA tourist attractions and 2,343 AAAA tourist attractions.
Established in-depth cooperation with the culture and tourism bureaus across China. During the reporting period, the Company successfully delivered several key projects of smart tourist attractions management service system. Developed SaaS system “Lvji Travel Tool” to help tourist attractions enhance their digital operation ability.
Using VR and other innovative technologies combined with online tour guides, “Lvji VR” has finished the delivery of projects such as Xijiang Thousand Household Miao Village of Guizhou Province, Guilin Tourism University of Guangxi Province and all-round Luoning County of Henan Province.

During the Year, the outbreak of COVID-19 has severely affected the economy in China and the world. The consumption and tourism industry was basically stalled and halted in the first half of the Reporting Period with a significant decrease in travel demand of consumers. Fortunately, with the pandemic being gradually controlled in China since the second quarter in 2020 and the recovery of the domestic tourism market, the Company’s domestic tourism business has also resumed growth. However, due to pandemic prevention and control requirements, tourist attractions in China were still implementing passenger flow control, and some consumers were still vigilant to travel. In addition, the Company’s overseas online tour guide business has been under pressure due to the severe condition of overseas pandemic prevention and control, partially offsetting the growth brought by the recovery of the domestic tourism industry.

The Company’s total revenue for 2020 is RMB295.1 million, a year-on-year decrease of 45.5% from RMB541.8 million in 2019. In the second half of 2020, the Company performed well in the wave of recovery in the tourism industry and achieved a strong rebound. Compared with the revenue in the first half of 2020, the revenue in the second half of the year was RMB214.7 million, an increase of 167% quarter-to-quarter. At the same time, benefited from the in-depth cooperation with the cultural and tourism bureaus and scenic spots across China, the revenue from the sale of customized content increased significantly by about 49.9% year-on-year to RMB13.0 million. The net loss in 2020 was RMB100.6 million whereas the profit was RMB160.8 million in 2019. In 2020, the adjusted loss for the year excluding listing expenses was RMB61.1 million, and the adjusted profit in 2019 was RMB178.8 million.

During the Year, the Company captured the opportunity of recover and invested in research and development resources continuously to increase the coverage of tourist attractions. The Company further consolidated its market leading position by optimizing and upgrading the online tour guides. As of December 31, 2020, the Company’s online tour guides reached 26,052, an increase of 6,559 from 19,493 as of the end of 2019. The number of tourist attractions in China covered by the Company’s online tour guides increased from 11,238 as of the end of 2019 to 14,229 as of the end of 2020, and the Company’s online tour guides covered 279 AAAAA tourist attractions and 2,343 AAAA tourist attractions. Furthermore, the Company increased in-depth cooperation with local culture and tourism bureaus by focusing on schemes of all-round tourism and smart tourist attractions. At the same time, the Company has been using new technologies to enhance the production capacities of online tour guide and customized content and expand marketing channels, so as to continue to maintain its market leadership.

Strategically increased the coverage of tourist attractions, and the content of tour guides was multi-dimensionally optimized

In 2020, the Company continued to increase the coverage of tourist attractions and the number of online tour guides was 26,052 as at the end of 2020. In the regular epidemic prevention and control stage, consumers’ demand for short-distance travel in peripheral regions was rising rapidly. Therefore, the Company strategically increased the coverage of suburban tourist attractions in domestic cities to actively capture the opportunities brought by the domestic tourism industry’s recovery and meet the diverse travel demand of consumers.

In addition, the Company has been continuously optimizing the original content of tour guides. The Company carried out multi-dimensional technological innovation on online tour guides including creative radio drama, audio production for tour guides, video editing, animation, 3D scene and sticker design; upgraded the content of articles and strengthened the content of cultural tourism; expanded the sharing of practical and personalized content from single tourist attraction explanation mode to sharing and recommendation of multiple content to realize the transformation of creative characters and perspectives; upgraded audio-visual module and integrated video animation with the cultural knowledge of tourist attractions to enrich the display form of tourist attractions; and enriched drawing style and created 3D hand-painted maps to intuitively display the panorama of tourist attractions and provide more interesting content for users to enhance the tourism experience.

Deepened cooperation with cultural and tourism bureaus and tourist attractions and continuously deployed all-rounded tourism and smart tourist attractions management service system layout

During the Year, the Company established in-depth cooperation with the culture and tourism bureaus across China, aiming to change the service mode of the tourism industry and consumers’ way of traveling. The Company developed a smart tourist attractions management service system to assist management departments of the government in the efficient management and reasonable deployment of local tourism resources in the form of big data center, command center, Internet portal, etc. During the Reporting Period, the Company successfully delivered several key projects of smart tourist attractions management service system.

Meanwhile, the Company has been continuously strengthening cooperation with tourist attractions by assisting them in VR and AI tour guides and establishing a mobile phone tour and a big tourism data platform to improve the comprehensive service and operation platform of all-rounded tourism. In addition, in order to improve the digital marketing and detailed operation service of tourist attractions, the Company also developed SaaS system “Lvji Travel Tool” to help tourist attractions enhance their digital operation ability, diversify the options for consumers’ returning purchase, construct private internet traffic pool system in tourist attractions, provide solutions for smart tourist attractions, and facilitate the digitization of tourist attractions. Customized content services with cultural tourism bureaus and tourist attractions will be one of the important drivers of the Company’s future performance growth.

Continuously innovated technology and strengthened offline channel expansion
As a technology-driven company, the Company always insists on the application of innovative technology to the cooperative tourist attractions, using VR and other innovative technologies combined with online tour guides. “Lvji VR” offers functions such as 720 panoramic VR, VR panoramic live broadcast, VR comic live broadcast and VR video documentary filming, providing higher-quality services to the tourism market during the normalization of the epidemic prevention and control stage. During the Reporting Period, “Lvji VR” has finished the delivery of projects such as Xijiang Thousand Household Miao Village of Guizhou Province, Guilin Tourism University of Guangxi Province, and all-round Luoning County of Henan Province.

Combined with the current popular innovative sales mode, the Company intensified the offline market layout and expansion of online tour guides. During the Reporting Period, the Company negotiated with a number of well-known tourism groups, local travel agencies and large organizations and developed innovative sales and marketing strategies, including projects such as live broadcasting promotions, “reservation + ticketing” initiates and SaaS sales model, which has enriched the diversity of channels.

Mr. Zang Weizhong, Executive Director, Chairman of the Board, Chief Executive Officer and Founder of Lvji Technology, said, ” In the future, we will strive to build an industry chain of culture and tourism service platform, continue to strengthen our leadership market position, and combine AR and AI technology to make the interactive experience of consumers more interesting. We will also continue to optimize the “Lvji Mobile Tour” and build three systems of comprehensive management, comprehensive operation and comprehensive service according to the demand of digital upgrading of the tourist attractions to empower the long-term development of the tourist attractions. At the same time, we will focus on the establishment of all-rounded tourism demonstration districts and optimize the demonstrative all-rounded labeling system and tourist transport center system with the goal of building a national all-rounded tourism demonstration area to construct a trinity of “provinces and cities, regions and tourist attractions” all-rounded tourism big data comprehensive service platform. Furthermore, we will continue to upgrade SaaS business, build a multi-terminal and multi-channel one-stop smart tourism ecological platform, connecting consumers’ “dining, accommodation, transportation, entertainment, and shopping” and other supporting consumer service facilities, so as to empower the tourist attractions in realizing smart management, smart marketing and smart services.”

Mr. Zang continued: “The outbreak of COVID-19 has greatly changed the industrial structure of the domestic tourism market. The pandemic has promoted the development of the tourism industry in terms of smart tourism. In the stage of regular epidemic prevention and control, the Chinese government has launched a number of measures to stimulate domestic consumption, resulting in the accelerated recovery of the tourism market. We believe that we are well-positioned to capture the recovery of the tourism industry and the opportunity of popularization of smart tourism to resume the growth within a short period of time with our core competitive advantages on continuous technological innovations and strategic cooperation with OTAs to maintain our leading position in the online tour guide market. “

About Lvji Technology Holdings Inc.
Lvji Technology Holding Inc. is China’s leading online tour guide provider. Established in December 2013, Lvji Technology bases on two core strategies of scenic guides and smart tourism and focuses on the development of all-round tour guide and smart tourism-related supporting services. As of December 31, 2020, the Company has developed a total of 26,052 online tour guides, covering 14,229 tourist attractions, including 279 AAAAA tourist attractions and 2,343 in China AAAA tourist attractions. It has formed a tourism ecosystem supported by online tour guides and smart management service systems and is a famous smart tourism industry solution expert.

This press release was issued by Porda Havas International Finance Communications Group for and on behalf of Lvji Technology Holdings Inc. For further information, please contact:

Porda Havas International Finance Communications Group
Ivy Lu +852 3150 6788 ivy.lu@pordahavas.com
Louise Liu +8621 3397 8796 louise.liu@pordahavas.com
Sonia Leung +852 3150 6737 sonia.leung@pordahavas.com
Fax: +852 3150 6728

Joy Spreader Announces 2020 Annual Results

MarTech takes advantage of new economic traffic to achieve a substantial increase in earnings in 2020

Joy Spreader Interactive Technology. Ltd (HKG:6988) is pleased to announce the audited consolidated results of the Company and its subsidiaries (Group) for the year ended December 31, 2020, with the comparative figures for the preceding financial year.

RESULTS HIGHLIGHTS

– The revenue was HK$923.92 million, representing an increase of 71.73% as compared with that of last year.
– The profit for the year (excluding the impact of non-recurring profit or loss) was HK$220.69 million, representing an increase of 121.42% as compared with that of the year.
– The gross profit was HK$301.56 million, representing an increase of 126.98% as compared with last year.
– The gross profit margin increased from 24.70% in the same period last year to 32.64% in 2020.

In 2020, with the rapid development of the mobile-new-media industry and significant market demands for performance-based marketing and traffic monetization, Joy Spreader won the favor of numerous industry clients and content publishers with a leading position in MarTech. During the year, the number of new clients, marketing products, and monetization access points of the Group recorded a remarkable increase. In addition to the continuous growth of the marketing business of interactive entertainment and other digital products, the marketing business of e-commerce products made great progress and achieved gratifying results.

The revenue of the Group increased by 71.73% from HK$538.00 million in 2019 to HK$923.92 million in 2020. The Group achieved a gross profit of HK$301.56 million in 2020, representing an increase of 126.98% as compared with HK$132.86 million in 2019. The gross profit margin was 32.64%, representing an increase of 7.94 percentage points from 2019. The profit for the year (excluding the impact of non-recurring profit or loss) was HK$220.69 million, equivalent to 2.2 times of 2019.

The Company’s Leading Position in Industry Remains Stable with Continuous Growth of Demand for Performance-based Marketing and Marketing SaaS Services

With the development of the mobile internet ecological environment and marketing technology, performance-based marketing, which features with strengths of accuracy and high-cost efficiency, is becoming the major option of marketers to conduct product marketing and promotion, and the market demand keeps on growing. At the same time, the rapid growth of the number of mobile-new-media content publishers and their published content also brings a sharp increase in demand for traffic monetization. In 2020, the Group has achieved outstanding performance in both business segments of the performance-based marketing and marketing SaaS services.

Performance-based Marketing Service
– In 2020, with the increase in the number of clients and products of interactive entertainment and other digital product marketing, together with the rising of ARPU value, the scale of business of Joy Spreader was boosted rapidly. In addition, the epidemic prevention and control measures in 2020 provided a growth opportunity for the online recreational industry, including games, online literature, and live broadcasting. Owing to the reinforcement of the user habits of interactive entertainment and other digital products, more online products consisted of mobile applications and mini-programs came into the market, which also drove the demand for online performance-based marketing services.

– At the same time, the video e-commerce industry continued to grow remarkably in 2020, becoming an important channel for e-commerce product distribution, presenting a blowout type of growth. Due to the early business layout in the field of video e-commerce product marketing and the accumulation of relevant data and model algorithms, Joy Spreader began to take shape in conducting non-live e-commerce marketing business over video platform which revealed the potential of rapid growth. As of December 31, 2020, the e-commerce product GMV of HK$593.64 million was achieved through the Group’s performance-based marketing services, representing a year-on-year increase of 353.92%, becoming one of the fastest-growing business segments and main drive force of the Group in 2020.

Marketing SaaS Services
In 2020, with the rapid growth of the global SaaS industry, the development and popularity of standardized and modular marketing SaaS services have also provided content publishers with low-threshold, more convenient, and efficient tools and means. Joy Spreader began to provide mobile new media publishers with marketing SaaS monetization services in 2013. With the development of the SaaS platform, the Group provided the interface to content publishers, helping them to access their product library. The Group also recommended the product portfolios to their subscribers by using interest-based recommendation technology, and ultimately helped the content publishers to realize traffic monetization. Joy Spreader obtained revenue sharing via the process of traffic monetization and obtain the content resources and user behaviors data quickly and automatically, as well as improve the model algorithm, which in turn promote the Group’s marketing efficiency and effectiveness and ultimately improve the profitability. As of December 31, 2020, the Group has cooperated with 469,968 mobile new media marketing access points, representing a year-on-year increase of 106.06%.

Looking forward to 2021, as a technology-driven company with data and algorithms as its core competencies, Joy Spreader will continue to optimize its data algorithm models and marketing SaaS platforms, actively expand the number of industry clients and mobile new media marketing SaaS clients, and make pre-deployment for the business expansion in overseas markets, in a bid to build an industry-leading service system of mobile new media performance-based marketing and marketing SaaS.

About Joy Spreader Interactive Technology. Ltd
Joy Spreader is a leading marketing technology company, engaged in mobile new media performance-based marketing and marketing SaaS services in China. The Group uses data and algorithms as the core competencies and uses aggregation and matching technologies based on interest-based recommendations to help marketers’ products and mobile new media content to achieve coupled transactions, so as to realize marketers’ marketing goals such as product sales and promotions. The Group also helps content publishers to realize the commercial value of their traffic.

Joy Spreader was listed on the Main Board of the Hong Kong Stock Exchange on September 23, 2020 with the stock code of 06988.HK.

PuduBot Gets a Job at an Australian BBQ Restaurant

Recently, a famous Korean BBQ restaurant on Elizabeth Street in the CBD of Melbourne, Australia, took in a new member to deliver food in the store. That is PuduBot, the iconic delivery robot from Pudu Robotics.

PuduBot has been well received by the locals since its introduction in the restaurant. While waiting for the food to be served, many customers use their mobile phones to take photos or videos of PuduBot hustling and bustling around.

Robot waiters are nothing new in the modern world, but people may wonder “How does the robot deliver food to the designated location? How does it avoid people coming and going? Is it reliable? And how can it ensure the food is not spilled or dropped?”

Well, it’s all a piece of cake for PuduBot!
PuduBot is developed by Pudu Robotics, a world-leading provider of commercial robots. The company is headquartered in Shenzhen, the global epicenter of hardware innovation, and has set up R&D centers in Shenzhen, Beijing and Chengdu, and hundreds of offices across the country. Pudu has developed over 400 patents, more than 60% of which are utility patents. Relying on the core technologies of low-speed autonomous driving, robotics motor, and motion control, Pudu has launched top-notch delivery and disinfection robots to the market.

As we know, Pudu’s delivery robot features automatic driving, positioning and navigation, and obstacle avoidance. So how does this work? It is made possible by the multi-sensor PUDU SLAM algorithm independently developed by Pudu. This cutting-edge technology integrates the data from the vision camera, lidar, RGBD camera, IMU, encoder, ultrasonic sensor and many more sensors, enabling centimeter-level map construction and positioning with high precision and robustness.

When performing a task, the robot first identifies its own position and direction, makes global path planning based on the map and destination, and follows the calculated optimal path.

During its movement, the robot processes data from sensors through the perception algorithm, accurately identifies obstacles in the environment, and generates a high-precision, multi-layer semantic map. It also makes local path planning to fine-tune the trajectory in real time while maintaining the general direction of the global path, allowing for flexible obstacle avoidance.

Furthermore, thanks to the auto-level independent linkage suspension pioneered by Pudu Robotics, PuduBot provides sound damping performance comparable to vehicles, ensuring stable delivery of food and drink even when an obstacle is standing in the way.

Most Pudu delivery robots come with a pleasingly simple appearance. Take PuduBot for example. Equipped with 3-4 trays, the body features a streamlined, lightweight design in colors of black and white, making it easier to blend into the environment. In the idle state, PuduBot presents cute and vivid expressions as appropriate on its navigation-sized screen.

Today, Pudu’s delivery robots have been sold all over the world. They have found wide applications in restaurants, hospitals, supermarkets, and even airports and office buildings of all sizes, providing flexible delivery that users can rely on.

Media contact
Linhong Jiang
Phone: +86-400-0826-660
E-mail: global_sales@pudutech.com
Website: https://pudurobotics.com/

McDonald’s Japan Chooses Adra(R) by Trintech to Simplify and Automate Financial Close Process

McDonald’s Japan Implements Adra Matcher, Balancer and Task Manager

Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced that McDonald’s Japan has chosen and gone live with its Adra Suite to simplify and automate its reconciliation and financial close processes. By combining effective finance processes with Adra, McDonald’s Japan will see increased ROI, improved accuracy, and greater visibility across their entire financial close process.

“Prior to implementing Adra, our reconciliation process was labor intensive with manual efforts,” said Toru Kobayashi, Manager, Financial Shared Service of McDonald’s Japan. “Since the implementation, the overall efficiency and quality of our processes have increased significantly.”

“There is a vast market opportunity in Japan for a solution to help companies simplify and streamline critical processes in the financial close and we are honored to be partnering with McDonald’s Japan on this front,” said Darren Heffernan, President, Mid-Market at Trintech. “As we continue to expand our global presence, we are committed to providing Japanese companies with a proven software solution coupled with the local presence and resource base of a Japanese company capable of providing immediate value to customers.”

The Trintech and McDonald’s Japan partnership was formed by Finthesize, Trintech’s exclusive reseller partner in Japan that works with businesses looking to simplify and accelerate their financial close process.

“We are excited to support McDonald’s Japan in their financial transformation efforts,” said Hiroyuki Oyama, Chief Executive Officer at Finthesize. “Adra is the ideal solution for a new generation of accountants, and we believe McDonald’s Japan is a best-in-class example for other Japanese companies looking to modernize their financial close process.”

“Congratulations to the McDonald’s Japan and Finthesize teams for a successful implementation of our Adra Suite,” said Fintan Diviney, Director, APAC Sales at Trintech. “The digital transformation efforts they have already been able to achieve with our solution has been truly remarkable and I look forward to continuing our partnership in years to come.”

Currently deployed by over 1,800 companies across the globe, Trintech’s Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), financial task management and controls (Adra Task Manager), and reporting (Adra Analytics).

About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

Heathrow Covid Chaos British Tech Co Has Solution

BRITISH TECH COMPANY HAS
GLOBAL COVID & VACCINATION
SECURE PASSPORT SOLUTION
FIRM WARNED OF SERIOUS RISKS TO AIR TRAVEL IN DECEMBER
FROM FAKE COVID 19 TEST & VACCINE CERTIFICATES
HEALTH PASSPORTS WITH UNSECURE QR & BAR CODE TECHNOLOGY
https://v-healthpassport.co.uk

British tech company VST Enterprises (VSTE) warned airlines and the travel industry in December of last year of ‘Covid related security threats’ prior to the chaotic scenes that unfolded at Heathrow airport (Monday 18th Jan).

Tech boss and CEO Louis-James Davis warned of the very real and serious threats facing airlines, airports and passengers from fake Covid 19 test certificates, vaccination record cards, social distancing breaches and the use of health passports with ‘un safe’ QR and bar code technology. He also warned of the serious implications of potential data breaches using ‘unsecure’ code scanning technology in health passports.

Passengers arriving into the UK this week (Monday) were faced with unprecedented scenes at Heathrow airport with long delays, social distancing rules breached, altercations between passengers and border officials, GBP500 on the spot fines and passengers being refused entry to flights for holding invalid Covid 19 certificates. The chaos came as the British Government put in place tough new measures for entry into the UK in a bid to get a grip of the pandemic and prevent the further spread of infection. Passengers were required to provide verifiable proof of their Covid 19 negative test result.

VSTE developed and launched the worlds first secure digital health passport called V-Health Passport(TM) in April (2020) both for passengers and airlines which authenticates a persons health status including Covid test status and their vaccination records all within a secure digital passport. The V-Health Passport(TM) ‘cross border’ technology can be used across all air, land and sea transport infrastructure. The V-Health Passport(TM) has over 200 clinics across the UK where a person can book a Covid test – including a PCR based test – and be recognised as ‘FIT TO FLY’ by all International airlines. VSTE believes its solution can solve the global airline and travel issue.

V-Health Passport(TM) will shortly start its roll out program of secure health passport across number of airlines and airports globally. In the UK it has already started this programme and is available through its healthcare testing partners Salutaris People www.salutarispeople.com and Akea Life at www.akealife.co.uk both at Newcastle and Liverpool John Lennon airports.

Both healthcare partners also offer full airline travel Covid testing at their own clinics with PCR based testing for airline travel with a V-Health Passport(TM). They also supply ‘home test kits’ which are supervised over Zoom calls.

It is the first company in the world to have a fully functioning and secure LIVE health passport that carries a persons Covid test status and vaccination record in one secure app. Most importantly the technology is GDPR compliant and was built on a privacy framework of ‘Self Sovereign Identity’ where the person – or airline passenger – can choose what information they want to share, when they want to share it and with who. Privacy by design is at the forefront of the V-Health Passport(TM) framework unlike other health passport technologies.

V-Health Passport(TM) is a test and vaccine agnostic platform working with all Covid 19 protocols from PCR to rapid antigen and antibody tests which can also authenticate a persons vaccine immunisation record. V-Health Passport(TM) is also the most secure passport technology in the world unlike bar codes and QR codes which are subject to a process called ‘Attagging’ where a QR code can be cloned and faked. Using the VCode(R) cyber coding, it works on a ‘closed loop’ system with ‘end-to-end’ encryption and has over 2.2 Quintillion variations of codes that are subject to many scanning permissions making it impossible to hack the front or back end.

V-Health Passport(TM) is 10 seconds faster than any code scanner and can also be scanned within and outside of the safe social distancing of 2 metres, whereas bar codes and QR codes have to be scanned in close proximity of inches. In other circumstances it can also be scanned upto 100 metres away, allowing for easier crowd and queue ingress and egress.

In addition to the security flaws and close proximity of QR code scanning, another downfall of using QR Code for this type of passport solution is that a user may have to carry hundreds of different QR codes for the same identity use case. Companies who wish to add any form of extra security to the QR code would also have to offer their own app to scan a QR code which may lead to a consumer having to carry 100’s of apps or codes due to the QR codes open source nature (not being generated from a central source).

Commenting on the chaos around the events at Heathrow, VSTE CEO Louis-James Davis said;
“The scenes at Heathrow could have been easily avoided by using a secure system such as V-Health Passport(TM). Both airports and the airlines need to move to a secure digital platform technology to ensure the security and faster processing of passengers to verify their Covid status and vaccination records. We have that technology now and it is available for airline passengers and the airlines to download and use today. By using the V-Health Passport(TM) technology a passengers valid Covid 19 test certificate could have been scanned further than the 2 metre safe social distancing protocols and upto 100 metres away. This would have allowed for a smooth ingress of passengers coming through border control into the UK verified against their identity. This would have also helped the passengers to maintain safe social distancing and a much quicker processing through border control thus avoiding the social breaches which occurred.

The V-Health Passport(TM) would not only provide border officials and airports with authentication of an airline passengers Covid 19 test status – with both a digital and printed PCR test certificate – but also their vaccination records. The technology also verifies a persons genuine identity against their existing Government ID adding another layer of security. There has been a phenomenal rise in the sale of ‘Fake Covid’ certificates, with both Russia and the Middle East seeing the greatest activity and posing a serious threat to global aviation security.

Using any open-source technology such as RFID, bar code or QR code with any form of health passport or vaccine card/certificate leads it wide open to being hacked or cloned with a person effectively making themselves ‘permanently Covid negative’ and ‘permanently vaccinated’ and allowing them to travel freely. By moving towards a secure ‘one for all’ technology based solution that passengers can use with their phones, will not only protect the data of passengers but also the safety of their health. It will ensure that a passenger who is travelling has a valid Covid test result or vaccine immunisation record and ensuring other fellow passengers are safe.”

The V-Health Passport(TM) technology has a complete audit trail of a persons Covid testing, their vaccination records and the clinics where those tests or vaccinations have been conducted. This information is also protected under the ‘Self Sovereign Identity’ data framework allowing only the passenger to view this information, with officials only able to see a current and valid Covid 19 test or vaccine status in the GDPR display of the app.

With the alarming increase and black market trade in fake Covid 19 test certificates and also vaccination cards and certificates this also puts a very real threat and risk to passenger safety. It poses a threat to airlines and international borders with the potential for a passenger carrying a fake Covid test certificate or vaccination card – who may be asymptomatic – to board an aircraft and infect other passengers. This poses a very real threat to the aviation sector and to Governments around the world as they try to arrest the rate of infection.

It is well documented that bar codes and QR codes can be hacked so any airline who considers using a health passport for Covid 19 testing and vaccination using this method of authentication risks a serious potential breach of its passenger data. In 2018 British Airways was fined a record GBP20M for a data breach on 400,000 of its customers which affected their personal and credit card data. It now faces one of the biggest ever group privacy claims in UK legal history as reported in the Financial Times. It comes at a time when security over the use of bar codes and QR codes in airline travel has come under intense scrutiny following the cyber attack last year on the former Australian Prime Minister Tony Abbot. The former PM had his Qantas airline boarding pass hacked. Details including his passport, mobile phone and messages between Qantas staff about him were intercepted.

VSTE CEO Louis-James Davis added;
“We are the first technology company in the world to have developed a secure, multipurpose, cross corporate & cross government digital health passport that does not rely on using bar codes or QR codes as its authentication technology. Both bar codes and QR codes have huge potential security implications as they can be cloned and hacked with the latter being subject to a process called ‘Attagging’. Therefore any suggestion of using this type of technology in a health passport for air travel has very real security risks. Not only is a citizen’s personal information at risk, but their Covid test status, vaccination records and also their credit card information. All of this can lead to the very real potential of a massive data breach and a persons personal information and data hacked and stolen. This is of particular concern when using a bar code or QR code technology designed for use to authenticate a persons Covid 19 testing and/or vaccinations records.”

Unlike other health passports, V-Health Passport(TM) has been designed with a citizens privacy front and centre. The technology does not track your live location and provides all data in a secure GDPR compliant framework giving citizens a unique ‘self sovereign identity’ style technology putting them in control of who, when and how they share their data.

Louis-James Davis went on to state that both bar codes and QR codes – which represent first and second generation technology – are unsecure and vulnerable to hacking.

“QR codes were originally developed as a scanning technology for close proximity car parts tracking, a world away from identity and banking use cases and now digital health passports. It was then used to skip the input of websites in marketing and promotional purposes. They were never designed with security or privacy in mind… they are simply not fit for purpose and should not be used at all in any form for delivery of sensitive information, travel or event tickets or health passport.”

QR codes can be subject to a process called ‘Attagging’ or ‘cloning.’ The process of ‘Attagging’ is where a ‘genuine QR code’ is replaced by a ‘cloned QR code’ which then redirects the person scanning that code to a similar website where personal data can be intercepted and breached. The problem is that serious that in India alone there are over 1BILLION fraudulent financial transactions each day using QR codes. As the scanning user journey is the same, it is only tech savvy individuals that may notice the domain name has changed.

QR codes can be cloned and redirected to other information points or websites. Often criminals and hackers will exploit this by putting a fake QR code over a genuine QR code. So a QR code for example on scanning would link to the genuine website www.similardomain.com but a fake QR code can be made up printed off and placed over the genuine code to redirect to www.similar-domain.com at this point the member of the public is tricked into entering their personal information, private data and financial information. The rogue website looks and feels exactly like the genuine one and is made to mirror it precisely.

VCode(R) which is the ultra secure digital code which powers the V-Health Passport(TM) cannot be cloned. Even if it was printed off, or a photograph was taken and placed over a VCode(R) or V-Health Passport(TM) it simply won’t scan as it works on a call and response system of information between the code and web platform to verify location of the code, user ID and time and date and much more.

V-Health Passport(TM) is making a significant contribution to the safety, mobility and return to work of the UK economy, helping businesses and employers return their staff to offices, factories and warehouses.

VSTE is working with the UK Government and a number of other Foreign Governments around the world to use its technology. The company is active in multiple industries and sectors including the maritime and aviation industries, construction and major infrastructure projects, as well as major national and international sporting events. V-Health Passport(TM) is also being used by a number of private Covid testing clinics, manufacturers and healthcare practices.

V-Health Passport(TM) is available on the Apple App Store and Google Play by searching for ‘VPassport’ and downloading to your device.

For more information on VCode(R) and VPlatform(R) technology please visit
https://www.vstenterprises.com

For more information on V-HEALTH PASSPORT(TM).
https://v-healthpassport.co.uk

For all media enquiries
Please contact Gerard Franklin – Head Of Communications & External Relations
M: 07885 388398 e: gerard@vstenterprises.com
VST Enterprises Ltd | The Lexicon | Mount Street | Manchester | M2 5NT

NOTES TO EDITORS
About the V-Health Passport(TM)
Search ‘VPassport’
Apple App Store & Google Play
www.v-healthpassport.co.uk

Available on the Apple App Store and Goole Play by searching for ‘VPassport’ and downloading to your device.

– V-Health Passport(TM) can be scanned at a safe social distance of 1-2 metres and upto 100 metres away. QR code and Barcode technology has to be scanned inches away and as such breaches social distancing protocols.
– The V-Health Passport(TM) can authenticate a persons genuine Covid 19 test certificate – held in the secure health passport app and a printable version. The ultra-secure platform can now also hold vaccination records of all the major vaccination manufacturers which will be crucial in a person validating they have been vaccinated, the vaccine type, batch, dosage and date.
– V-Health Passport(TM) uses a persons official Government ID such as drivers licence, passport and cross matches against databases. It is then paired against a facial recognition ‘Live Likeness’ test to verify the persons genuine status.
– V-Health Passport(TM) is a test agnostic platform meaning it works with all Covid testing protocols from PCR based tests to rapid antigen and antibody. It has over 200 clinics across the UK on its app for passengers to book a Covid 19 test including a PCR based test approved for International airline travel.
– V-Health Passport(TM) can be scanned in a 170 degree arc, whilst a person is moving and thus ensures smooth ingress and egress,
– V-Health Passport(TM) It uses the worlds most secure cyber coding technology which works from a close loop system with end to end encryption and has over 2.2 Quintillion combination codes making it impossible to hack the front of back end of its system.
– V-Health Passport(TM) is a GDPR compliant technology built around self sovereign identity, allowing the airline passenger or member of the public to choose what data they want to share, with whom and when.
– V-Health Passport(TM) is available now and can be downloaded from the Apple App Store or Google Play by searching for ‘VPassport’ or by visiting www.v-healthpassport.co.uk.
– V-Health Passport(TM) also has its own unique contact tracing capability ‘True Contact(TM)’ built within the technology designed for travel, sports stadiums, venues, factories, offices and construction sites.
– V-Health Passport(TM) is the only health wallet and cross border platform in the world that is multi-functional and GDPR compliant. It allows acts like ‘self sovereign identity’, meaning a citizens personal data is protected and they choose what they want to share and with whom they want to interact or authorise.

SOURCE: VST Enterprises Ltd

New LeadsRx Ecosystem Attribution Product Enables Transparency Between Online Marketplaces and their Trusted Partners within a First-Party Data Framework

LeadsRx, a marketing analytics company, announced the availability of LeadsRx Ecosystem Attribution(TM) – the first comprehensive platform that maps the customer journey and performs attribution analysis across the websites of network owners and their trusted partners promoting and selling products and services within an industry ecosystem.

This image has an empty alt attribute; its file name is Low_LeadsRx202101182.jpg

Marketing ecosystems are composed of network owners and their partners. In this model, partners sell and promote a product or service, while network owners perform collaborative marketing and are paid a fee to do so by the partner. This is a cooperative relationship, but a single network owner often performs marketing for multiple, even hundreds or thousands, of partners. An ecosystem is formed when multiple competing networks strive to earn the business of partners. Examples of network owners include companies like Zillow, Auto Trader, NZI, and Domino’s Pizza, and they function within an ecosystem for real estate, vehicle sales, dentists, insurance brokers and agents, and franchises.

LeadsRx Ecosystem Attribution, with its innovative distributed attribution pixel technology, allows a network owner to electronically share first-party consumer behavior data in real-time with its trusted partners through an authenticated backbone. When combined with the partner’s own first-party data, this results in a complete and accurate picture of the collaborative customer journey leading to shared insights and transparent accountability.

“Online marketplaces, directories, and franchised operations all struggle to show the real value they provide to their partners,” said AJ Brown, CEO and co-founder of LeadsRx. “This is a billion-dollar problem for these collaborative marketers who otherwise can only communicate self-reported stats that may not be believed by their partners; by using the LeadsRx distributed attribution pixel, network owners can demonstrate their value in a transparent and trusted way, while also levelling the competitive landscape among network owners and other advertising channels.”

Until now, these network marketplaces and their partners have lacked the unbiased analytics and multi-channel data sharing capabilities that LeadsRx Ecosystem Attribution provides. Their current advertising and marketing tech-tools lack the ability to shed light and measure the performance of complex collaborative marketing relationships or provide the performance transparency an entire ecosystem requires.

The Problem with Attribution Across Networks

Currently, owners of a network diligently promote and advertise products and services provided by trusted partners, but they are unable to prove that their efforts are paying off with sales conversions. With network owners on one end and selling partners on the other, capturing an accurate customer journey and attribution analysis across this ecosystem requires collaboration and cooperation among the players.

“When ecosystem players use shared technology like LeadsRx Ecosystem Attribution, network owners can electronically add to the chain of events on a consumer’s path to purchase,” stated Brown. “This provides much-needed transparency and accountability to spark marketing performance and well-spent budgets.”

LeadsRx Ecosystem Attribution makes collaborative marketing and data sharing across marketplaces between network owners and partners possible with new distributed pixel technology. For more information about LeadsRx Ecosystem Attribution, read more about the problem network owners are facing. https://pr.report/htaCs8Fn

About LeadsRx

A fast innovator and a marketer’s choice for 5,000-plus global and local brands, LeadsRx is an unrivalled multi-touch attribution SaaS platform. Powered by a unique Universal Conversion Tracking Pixel(TM), LeadsRx provides an impartial view of customer journeys, giving each advertising touchpoint proper weight and credit including broadcast media. Founded by marketers, LeadsRx enables companies of any size to elevate marketing performance in a framework that is easily understood delivering sustainable return on ad spend (ROAS). To learn more about how LeadsRx can support you in marketing transformation visit LeadsRx.com. Connect with LeadsRx on Twitter, LinkedIn and Facebook. https://leadsrx.com/

– Twitter: https://twitter.com/leadsrx
– LinkedIn: https://www.linkedin.com/company/leadsrx/
– Facebook: https://www.facebook.com/leadsrx/

For more information
Jeff Fishburn
Fishburn PR for LeadsRx
jeff@fishburnpr.com

SOURCE: LeadsRx

Sword GRC to Enhance Product Roadmap, Grow Team, and Extend Global Reach With Multi-Million Pound Investment

Market-leading software supplier embarks upon substantial investment programme, creating 60 new roles to develop its world-class risk management software

Sword GRC, a provider of specialist risk, compliance and governance software and services, today announces significant financial investment from its parent organisation Sword Group. The funding underpins its programme of ongoing product research and development, involving the creation of 60 new software developer roles and will help accelerate the Company’s growth trajectory.

This image has an empty alt attribute; its file name is Low_Sword202101191.jpg — Nick joined Sword GRC in 2012 and has overall responsibility for all operational activities. Nick has over 25 years of industry experience having worked in senior roles at such companies as Computer Associates, SAP, and Lawson Software.

Since its acquisition by Sword Group in 2013, Sword GRC has experienced year-on-year growth and enjoyed increasing demand for its products internationally. Over the first quarter of this year, it will actively strengthen its talent pool to support the next phase of its planned development.

Nick Scully, Sword GRC Chief Executive Officer, said: “These are exciting times for all at Sword GRC. Over the past seven years the business has grown well organically, further paving the way for our expansion.

“Sword GRC hit its 2020 earnings target, despite exceptionally challenging market conditions. This is a testament to the business’s fundamental strength and our team’s hard work and commitment. 2021 will see us increase momentum with a substantial investment in the depth and breadth of our GRC solution set, through the recruitment of sixty new developers with the skills and experience to support our forward-looking vision.”

With a global customer base spanning aerospace and defence, infrastructure, transportation, energy, utilities, mining and financial services, Sword GRC works closely with its customer advisory board to understand the nature of product enhancement requirements. This places Sword GRC in a unique position to understand and address customer needs in ways which will drive further investment and growth.

“We are proud to have established strong working relationships across the globe with customers as diverse as NASA to UK Ministry of Defence, and are confident in our ability to further advance our product offering, leveraging the latest technologies to reflect customer needs and deliver best-fit risk management solutions,” stated Scully.

Commenting on the imminent rollout of Sword GRC’s development programme, Jacques Mottard, Sword Group Chairman said: “GRC market growth is surpassing the wider economy. Sword GRC’s world-class portfolio of products and excellent staff, combined with its strong management team and customer advisory board, uniquely positions it to capitalize upon this opportunity. Strategic investment in the ongoing success of Sword GRC reflects the clear opportunity and growth potential we see within Sword Group’s software division. We are delighted to help facilitate the creation of quality jobs in the UK and to support the advancement of world-class risk management solutions for existing and new customers globally.”

Press Enquiries:
Keith Ricketts, VP of Marketing
E: keith.ricketts@sword-grc.com
M: +44 (0)7894 608435

Recruitment Enquiries: http://swordgrccareers.co.uk

Related Images
nick-scully-chief-executive.jpg https://www.newsfilecorp.com/redirect/yoKYckGm1
Nick Scully, Chief Executive Officer, Sword GRC
Nick joined Sword GRC in 2012 and has overall responsibility for all operational activities. Nick has over 25 years of industry experience having worked in senior roles at such companies as Computer Associates, SAP, and Lawson Software.

Related Links
Recruitment Enquiries https://www.newsfilecorp.com/redirect/1PYjIeV7J
Sword GRC Customers https://www.newsfilecorp.com/redirect/AyQYiaw0m

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72276

Epazz Developed Smart Contracts for HEMP IEO on the Asia Token Exchange

Epazz Inc. (OTC: EPAZ), a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the company is working with Greenheart CBD Hemp company in developing their smart contracts for their IEO (Initial Exchange Offering).

The company will be enhancing their smart contract software to allow other organizations interested in launching their IEO using an easier way to create and modify their smart contracts without needing a programmer.

According to Carlos R.W., senior economist and researcher at De Meijer Independent Financial Services Advisory (MIFSA), the global blockchain market size would grow exponentially in 2021. More businesses from many industries expressed their increasing interest in using Blockchain technology to advance their business processes. The COVID-19 pandemic fast-tracked the digital transformation drive in many aspects, including distributed ledger or blockchain technology. Thus, the global blockchain market size will expand from US$3 billion in 2020 to US$39.7 billion by 2025 at an effective compound annual growth rate (CAGR) of 67.3%.

Many industries are looking for solutions using Blockchain technology as a beneficial tool to digitalize their businesses. The adoption of fintech and blockchain technology allows companies to upgrade and streamline their operations. In addition, the acceptance of tokenization or the digital storage of assets on blockchain will speed up the progress of DeFi or decentralized financial services. DeFi demonstrates the successful process of smart contracts for financial services. It is an alternative form of business financing that perfectly fits the parameter of the fintechization of the economy. DeFi services witnessed impressive growth this year and surpassed US$10 billion. It is expected to speed up in 2021 and beyond.

Epazz blockchain technology provider developed an IEO securitized token software using smart contracts to help Greenheart CBD Hemp company launch Greenheart Punt, as their liquid token to be used across their current and future range of CBD products. This collaboration between Epazz blockchin technology and Greenheart CBD Hemp company is part of the growing ‘DeFi’ movement, which will take advantage of the blockchain’s capacity to establish a decentralized ecosystem, uncontrolled by a single entity, and improved accessibility for token holders. It will address the challenges of the lack of proper banking support for the CBD industry worldwide.

Epazz blockchain trading technology and Greenheart CBD Hemp company anticipate its global reach with its initial IEO sale. It offers 200 million Greenheart Punt tokens backed by1,000 Liters of Greenheart’s CBD oil, with an approximate value of US$4 million. The Greenheart Punt token began trading last December 1, 2020, through the LAToken mobile app.

Investors can redeem their tokens for CBD oil if they wish. The token will enable the holders to skip expensive payments and processing fees charged by traditional financial payment providers. In the IEO sale, the company is offering 40 million Greenheart Punt tokens to accredited non-US investors. With this premise, the company gears up to enter the Asian Token Exchange to accommodate Asian investors, especially in China.

From a regional perspective, China is leading the blockchain arena as China’s government-sponsored Blockchain-Based Service (BBS) Network aims to make blockchain technology a vital part of its digital infrastructure. China is on the verge of issuing its Crypto yuan as part of its goal to provide a global public infrastructure through its BBS Network.

Shaun Passley, Ph.D., CEO, and Chairman of Epazz, Inc., said in a comment, “As we enter 2021, adapting to the new normal lifestyle, maintaining social distancing and performing electronic payment transactions can further highlight the value of cryptocurrencies. However, with high liquidity in the crypto space, anything can happen; that’s why our blockchain technology will help track and monitor the slightest change in the crypto movement to help users decide logically.”

About Epazz Inc. (www.epazz.com)

Epazz Inc. is a provider of blockchain apps and a cloud-based software company specializing in providing customized cloud applications to the corporate world, higher-education institutions, and the public sector. Epazz BoxesOS v3.0 is a complete web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz’s other products include K9Sky.com kennel software and the Provitrac applicant tracking system.

DeskFlex is a desk booking solution and room reservation software useful for booking conference rooms, meeting rooms, workspaces, desks, car parking spaces and office equipment. DeskFlex meeting room scheduling system helps office managers accommodate remote workers’ time in the office, reducing rent and facility costs. DeskFlex lets employees reserve desks in advance or claim desks right away. It adjusts the telephone switch (PBX) so calls ring at the “desk du jour.” DeskFlex includes check-in, point-and-click floor maps, a web browser, a local kiosk, Microsoft Outlook integration and conference room scheduling.

SAFE HARBOR
This is the “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward-looking words such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negation thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that no forward-looking statement is a guarantee of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz Inc. assumes no obligation and has no intention of updating these forward-looking statements. It has no obligation to update or correct information prepared by third parties that are not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC market filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.

Source Link: https://zephyrnet.com/epazz-developed-smart-contracts-fo

CONTACT: For more information, please contact:
Investor Relations
investors@epazz.net
https://twitter.com/epazz?s=20
(312) 955-8161
www.epazz.com

British Tech Company Launches Worlds First Secure Technology ‘Fit To Fly’ Health Passport for Air Travel ‘VPassport’

– Firm Warns Airlines of Serious Threat to Air Travel Security from Fake Covid Test Certificates & Health Passports with Unsecure QR Code Technology
– Sales of Fake Covid Test Certificates Booming in Russia & Middle East

British cyber technology company VST Enterprises (VSTE) has today launched the worlds first public ‘FIT TO FLY’ secure health passport designed for air travel. The cross border platform called V-Health Passport(TM) can already be downloaded from the Apple App Store or Google Play by searching for ‘VPassport’ or by visiting www.v-healthpassport.co.uk.

It is the worlds first publicly available secure digital health passport that the public can download and use alongside any form of Covid 19 testing and vaccination that does NOT use unsecure bar codes and QR code technology. Airlines and transport carriers can also download and use the system.

It comes at a time when security over the use of bar codes and QR codes in airline travel has come under intense scrutiny following the cyber attack on the former Australian Prime Minister Tony Abbot. The former PM had his Qantas airline boarding pass hacked. Details including his passport, mobile phone and messages between Qantas staff about him were intercepted. The wider threats of fake Covid 19 test certificates have also been prevalent with an alarming rise in the sales of fake Covid 19 certificates booming in Russia and the Middle East.

VST Enterprises the Manchester based cyber security and technology is the first company in the world to have a fully functioning LIVE heath passport that can be used cross border and across all transport by air, land and sea.

The V-Health Passport(TM) is the worlds most secure health passport using next generation VCode(R) code scanning cyber security technology. Using the most advanced closed loop technology with end to end encryption, V-Health Passport(TM) has 2.2 Quintillion collision free combination codes. These decode based on geo location, time & date, device type and user login… meaning it cannot be hacked.

It can provide airline passengers and airlines with a secure digital passport that validates the passengers’s identity, authenticates their Covid 19 test result and vaccination/immunisation details in one secure app. The V-Health Passport(TM) also uniquely provides airline passengers and airlines with a contact tracing technology which uses anonymised data.

VSTE CEO and inventor of the VCode technology and V-Health Passport(TM) Louis-James Davis said;

“We are the first technology company in the world to have developed a secure, multipurpose, cross corporate & cross government digital health passport that does not rely on using bar codes or QR codes as its authentication technology. Both bar codes and QR codes have huge potential security implications as they can be cloned and hacked with the latter being subject to a process called ‘Attagging’. Therefore any suggestion of using this type of technology in a health passport for air travel has very real security risks. Not only is a citizen’s personal information at risk, but their Covid test status, vaccination records and also their credit card information. All of this can lead to the very real potential of a massive data breach and a persons personal information and data hacked and stolen. This is of particular concern when using a bar code or QR code technology designed for use to authenticate a persons Covid 19 testing and/or vaccinations records.”

With the alarming increase and black market trade in fake Covid 19 test certificates this also puts a very real threat and risk to passenger safety on airline carriers with the potential to infect and contaminate other passengers on what would be a Covid safe bubble onboard an aircraft.

Louis-James Davis went on to state that both bar codes and QR codes – which represent first and second generation technology – are unsecure and vulnerable to hacking.
“QR codes were originally developed as a scanning technology for close proximity car parts tracking, a world away from identity and banking use cases and now digital health passports. It was then used to skip the input of websites in marketing and promotional purposes. They were never designed with security or privacy in mind… they are simply not fit for purpose and should not be used at all in any form for delivery of sensitive information, travel or event tickets or health passport.

QR codes can be subject to a process called ‘Attagging’ or ‘cloning.’ The process of ‘Attagging’ is where a ‘genuine QR code’ is replaced by a ‘cloned QR code’ which then redirects the person scanning that code to a similar website where personal data can be intercepted and breached. The problem is that serious that in India alone there are over 1 BILLION fraudulent financial transactions each day using QR codes. As the scanning user journey is the same, it is only tech savvy individuals that may notice the domain name has changed.”

As reported by a recent Forbes Magazine investigation, it is predicted that over 11 Million households in the US alone will scan a QR code this year and the majority of them, some 71% of people who have interacted with a QR code will not know if it is the start of a malicious hack. It is envisaged that over 5.3 Billion QR codes will be redeemed this year making it one of the fastest growing tech scanning interactions and also posing one of the greatest cyber threats.

VCode(R) which is the ultra secure digital code which powers the V-Health Passport(TM) cannot be cloned. Even if it was printed off, or a photograph was taken and placed over a VCode(R) or V-Health Passport(TM) it simply wont scan as it works on a call and response system of information between the code and web platform to verify location of the code, user ID and time and date and much more.”

Louis-James Davis added;

“We developed and built the V-Health Passport and health wallet to be the most secure technology on the planet that you could use as a health passport where you could combine your test status, vaccination record, boarding pass, airline ticket, music or sports ticket all in one app.

With V-Health Passport(TM) we wanted to provide functionality and greater mobility to allow citizens to return to work, be fit to fly or return to the sports stadiums. But at the heart of the technology was the ability to protect and respect data privacy of the individual.

The lack of engagement and interaction by the public with Government track and trace app/s over the pandemic was over privacy, security of data and the tracking of a persons live location. This is why we have built a unique system in the vein of ‘Self Sovereign ID’ with the ethics of privacy & security by design. The V-Health Passport(TM) puts the citizen in control in a way which they share information with who, when and where.”

V-Health Passport(TM) will help employers safely return their employees back to their offices, factories and warehouses. It will facilitate airlines to allow their passengers to be fit to fly and avoid the need for quarantine restrictions. At the same time it will ensure their airline ticket or boarding pass is secure and won’t be hacked.

A citizen will be able to share their health pass and confirm their Covid test status, or present their vaccination record. They will also be able to show their credit score, work permit or visa, scan their travel or event pass. At the heart of each interaction they will have peace of mind that their data and information is highly secure and ultimately, they control who sees what, who scans what, where and when.

For more information on VCode(R) and VPlatform(R) technology please visit
https://www.vstenterprises.com

For more information on V-HEALTH PASSPORT(TM).
https://v-healthpassport.co.uk

NOTES TO EDITORS

About the V-Health Passport(TM)
Search ‘VPassport’ Apple App Store & Google Play
www.v-healthpassport.co.uk

Available on the Apple App Store and Goole Play by searching for ‘VPassport’ and downloading to your device.

It has 5 key ‘enabling’ features to its technology;

– Powered by the worlds most secure cyber security coding technology VCode(R) it is the worlds most secure ‘next generation’ code scanning technology using a closed loop system with end to end encryption and 2.2 Quintillion collision free codes (A VCode(R) can only exist once due to being encoded from a centralised system).
– V-Health Passport(TM) is a test agnostic system so it can record results from all global Covid testing manufacturers and protocols from PCR to rapid antigen and antibody testing.
– V-Health Passport(TM) also has its own unique contact tracing capability ‘True Contact(TM)’ built within the technology designed for travel, sports stadiums, venues, factories, offices and construction sites.
– The ultra-secure platform can now also hold vaccination records of all the major vaccination manufacturers which will be crucial in a person validating they have been vaccinated, the vaccine type, batch, dosage and date.
– Uniquely V-Health Passport(TM) is the only health wallet and cross border platform in the world that is multi-functional and GDPR compliant. It allows acts like ‘self sovereign identity’, meaning a citizens personal data is protected and they choose what they want to share and with whom they want to interact or authorise.

SOURCE: VST Enterprises Ltd & VHealth Passport

Trintech Named a ServiceNow Elite Partner in the ServiceNow Technology Partner Program

Debuts CadencyDirect Financial Close Automation Solution Designed for Enterprise Digital Workflow Transformation in the Office of Finance

Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced that it has been named a ServiceNow Elite Partner in the ServiceNow Technology Partner Program. As an Elite Partner, Trintech is also announcing a new financial close automation solution, CadencyDirect, available through the ServiceNow Store. CadencyDirect is designed to leverage the Now Platform and is among the first integrations of digital workflows for the office of finance.

CadencyDirect is built on Trintech’s industry-leading Cadency(R) solution that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance. Cadency supports 100s of ERP instances including SAP(R), Oracle(R) and NetSuite(R). Cadency clients include ABB, Albertsons, AON, Carlson Wagonlit Travel, GSK, Ingram Micro, Kroger, Microsoft, Sanofi, Secure Trust Bank, Uber, Volvo AB, and Western & Southern.

“Enterprise organizations are facing complex, new challenges as they work to scale and grow in the current environment,” said Teresa Mackintosh, CEO at Trintech. “A comprehensive digital workflow transformation is vital to their future success, and our partnership with ServiceNow brings together two enterprise powerhouse offerings – Trintech’s CadencyDirect on the ServiceNow platform – to make that transformation achievable.”

The solution also provides existing Trintech customers and prospective customers with an ability to expand into the broader ServiceNow portfolio of solutions.

“As 21st century enterprises accelerate their digital transformation efforts, they understand the need to digitize workflows across every department to drive greater efficiencies and better employee experiences,” said Karel van der Poel, Senior Vice President, Product Incubation at ServiceNow. “For finance organizations, CadencyDirect complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – reducing complexity and risk, accelerating the overall process, and driving a greater experience for finance teams.”

For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech