International Testing Agency Looks to Leverage Blockchain for the 2020 Summer Olympics in Tokyo

According to a recent report released by CNNMoney Switzerland, the International Testing Agency informed that they are exploring different use cases of blockchain technology for the upcoming 2020 Summer Olympics in Tokyo.

Tokyo 2020 Could Be Powered by Blockchain Technology

According to CNNMoney Switzerland, the International Testing Agency is working on a blockchain prototype with BlockFactory, a company that focuses on blockchain solutions. The goal is to improve the way in which they fight doping at the Olympics in Tokyo 2020.

Benjamin Cohen, director general of the ITA explained that this is an ambitious goal but they consider they are going to achieve their goal. The agency is now working on Therapeutic Use Exemption (TUE). Athletes can take prohibited substances only if they have a clear medical reason.

The goal is to digitize the process so that the documents uploaded cannot be forged and using Blockchain technology this can be possible.

Cohen commented about it:

“Today I am pretty sure that we can reach a satisfactory solution where we can have some of the processes secure at a reasonable cost.”

Blockchain technology can be used to store immutable data and allow other parties to have access to this data at all times. There are several companies and firms already working with Distributed Ledger Technology (DLT) around the world, and Japan is a country that has attracted a large number of businesses dealing with blockchain.

Also Read: Japan Looks to Deploy Experimental Blockchain Payment System Ahead of 2020 Olympics in Tokyo