Two countries orchestrated a near-perfect response to COVID-19, and artificial intelligence (AI) played a key role.
Taiwan’s handling of the pandemic has been outstanding. The country has only 530 confirmed cases, and only 7 deaths since the outbreak. Iceland, too, stands out, with around 3,660 confirmed cases and 10 deaths.
While both immediately closed their borders and government and businesses acted in lockstep coordination, big data analytics and contact-tracing played crucial roles.
For much of the rest of the Western world, such an immediate, coordinated and data-driven response did not happen. But it will, now.
Artificial intelligence … life-saving algorithms that form the latest in digital contact-tracing technology.
It’s also the best chance of getting industries back on track and sparing global economies from destruction.
A single industry–tourism–is facing $1 trillion in losses now, and is on track to shed 100 million jobs before the year is out.
That’s why Air Canada–for one–is taking preventative measures designed to get travel back on track, safely.
On October 7th, Air Canada signed a deal with Facedrive Inc. (TSXV:FD,OTC:FDVRF), Canada’s premier tech ecosystem that’s now gone global, to launch a pilot project for its employees using proprietary TraceSCAN technology.
Facedrive’s TraceSCAN Wearables technology takes contact-tracing to a completely new level.
FitBit might keep you in shape. Apple Watch might keep your hands free, but TraceSCAN’s Wearables might keep you alive.
This isn’t a simple mobile phone app. Unless you’re a teenager with a hand permanently attached to your phone, that’s not enough. Millions of workers around the world, from construction and medical to education and security, can’t operate with a phone in hand 24/7. Nor can the at-risk elderly.
TraceSCAN Wearables have changed all of that. Facedrive combines complex algorithms in an AI-enabled mobile application with wearable devices built on the industry-standard nRF52 Bluetooth chipset.
It’s fully mobile COVID-19 protection on a wristband, in a tag worn around the neck or in a pocket pod. And it intends to get us back to work, and back to fun–safely.
Air Canada isn’t the only major airline taking the TraceSCAN plunge…
The Government of Ontario lent its support to TraceSCAN back in July because it’s the only feasible technology that will get masses of government employees back to work without spreading COVID-19.
Since then, Facedrive has emerged as the leader in the field.
Other airlines are already in late-stage talks with Facedrive, and the news flow is expected to be spectacular.
The Road to Recovery
The world won’t get back to work, economies won’t fully open and recovery won’t happen without mass rapid testing and state-of-the-art digital contact-tracing.
We already know that contact tracing works. But doing manually with boots on the ground isn’t feasible. There is no time. And relying on simple smartphone apps isn’t enough. Much the same as all rapid COVID-19 tests are not equal.
And time is running out.
The hardest-hit industries need to get back to work–now. Or they may never come back.
Global tourism lost $195 billion just in the first four months of this year. Now, it faces a $1-trillion loss, along with 100 million jobs.
Airline losses will top $84 billion.
The oil and gas industry has shed 50% of its value.
U.S. restaurants alone are facing a $240-billion loss.
That means that trillions of dollars are essentially riding on a tiny wristband.
Suddenly, this single piece of rapidly advanced technology that can save these industries and re-open economies, making it one of the hottest things on the market.
This is where a small-cap company gets to play a key role in a trillion-dollar industry that’s suffering trillion-dollar losses.
And it is likely to keep snowballing from here, with a growing sense of urgency among Western governments to deploy this technology to stop the spread and save the economy.
The Government of Ontario–where Facedrive (TSXV:FD,OTC:FDVRF) has already established itself as the leader in this industry–just announced $1 billion in funding for tracing and testing tech, and this is only the beginning.
TraceSCAN: Stopping the Spread
Air Canada chose Facedrive’s TraceSCAN solution for its pilot program as a way to provide another crucial level of safety for its employees–for starters.
“The health and safety of our employees is of paramount concern to Air Canada and is key to restoring our operations safely for our customers. Air Canada has embraced a science-based approach to managing COVID-19 and as part of this has committed to evaluate the use of new technologies like TraceSCAN’s wearables,” Samuel Elfassy, Vice President, Safety at Air Canada, said in a press release, adding that the technology “has the potential to provide another layer of safety for our employees, so they can focus on taking care of our customers”.
Governments and industries are lining up for TraceSCAN because the rapidly advanced project designed in the early stages of the coronavirus pandemic combines the country’s top technology “ecosystem”–Facedrive–with the leading minds of the University of Waterloo.
The University of Waterloo’s William Melek, a leading engineering professor who worked on TraceSCAN with Facedrive, describes the tech as the key to enabling the “creation and management of safer work environments.”
So, how does it work, exactly?
TraceSCAN wearables use safe and secure bluetooth technology for proximity tracing of COVID-19, without GPS information. The wearables can also monitor heart rate, body temperature, and SPO2.
The technology instantly alerts users if they have been in close contact with someone who has tested positive for COVID-19.
Importantly, anonymity is paramount.
If a user tests positive for COVID-19, only authorized organization staff and health officials can access TraceSCAN data through a secure cloud based dashboard. Only authorized health officials can see the complete list of users that the individual has been in close contact with and their level of risk.
A Firm Response To A Second Wave of COVID
Facedrive’s TraceSCAN technology is constantly evolving along with the needs of governments, industries and individuals.
Contact-tracing technology is already set to become a precursor for traveling in the same way that 9/11 changed travel-related security forever.
Before 9/11, some $1 billion per year was being spent on security related to air travel.
Post 9/11, the spend grew to a phenomenal $80 billion per year.
The same is set to happen with digital contact-tracing.
Except this new form of COVID-19 security will be far bigger and broader than 9/11.
For airlines, the technology is being piloted for employee safety. But that’s just where it starts. It can be applied to passengers en masse, with boarding pass functions.
For hotels suffering from a slow and painful death, TraceSCAN technology can be embedded in room keys.
Everyone can get back to work.
Educators can keep themselves safe from the multitudes of students. Students won’t need distracting smartphones to maintain contact-tracing, either. TraceSCAN’s wearables are perfect for this.
Construction workers will be kept safe, and hands free. Medical workers, too.
And the growth runway is even bigger when you consider the evolution taking shape in the healthcare/pharma industry as it shifts its focus to prevention and early diagnostics vs. treatment, with 30-40% of budgets set to be spent on prevention-related technologies.
With COVID prevention now the most lucrative game in town, it’s not Facedrive’s only game.
This is a company with a huge technology ecosystem that serves as the connecting point for multiple industries and megatrends–from carbon-neutral ride-sharing and food delivery, to pharma delivery, major league sports fan engagement tech, auto-industry-transforming EV subscription services, and the savior of the day, contact-tracing.
And it all puts “people and planet first” with an eye on the mega-prize: ESG investing, the place where all the big money is going.
For COVID-19, the name of the game now is prevention, and Facedrive has it cornered from the contact-tracing side of this ring.
Now, it’s got the airlines, too. And an impressive collection of wings to bombard this market.
As always with this smart and savvy tech company, the news flow is hard to contain. Acquisitions have been fast-paced and all-encompassing. It’s got the government’s ear, and now big industries. It already had the attention of Amazon and Canadian telecoms giant Telus.
Watch what happens next as it becomes a household name and a real force for change.
By. Brian Wang
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