Catenae to work on Cov-ID document exchange project

Digital media and technology group Catenae Innovation has joined a consortium led by Z/Yen Group aimed at building a GDPR compliant identity documentation exchange system to record an individual's Covid-19 test status.

Catenae said on Friday that technical mobilisation of the "Cov-ID" project should occur over the next two weeks - with a prototype, testing and finalisation stage occurring over the following fortnight.

However, the AIM-listed group cautioned that there was "no guarantee" that the Cov-ID product would be finalised nor enter the commercialisation stage.

Interim chief executive Guy Meyer said: "The Cov-ID digital passport will allow this testing data to be available simply on a fast, reliable and secure controlled exchange in real-time.

"User participation needs to be from the ground up and not imposed top-down. To that end, the social and economic benefits to users needs to be compelling as society emerges from current restrictions. Clearly these benefits of enabling people to re-enter the workplace or social settings are enormous."

As of 0945 BST, Catenae shares had surged 188% to 1.44p.