With the worldwide crisis that we are facing because of the pandemic, we see how blockchain can contribute to our global society in many ways.
Let us explore some of them and see the many benefits of blockchain technology in the time of pandemic:
Blockchain Advantages #1COVID-19 Hotspot Detection
Public health analyses can be challenging without the right and up-to-date information. Since COVID-19 is a new disease that affects countries worldwide, it is essential to monitor the growth and decline of cases in different places to aid in the analysis of the virus behavior, mutation, and spread.
One of the key uses of blockchain technology for the detection of COVID-19 hotspot places is manifested in the open data hub called MiPasa. This blockchain platform is a multi-party and multi-source verifiable data sharing system. Through this platform, organizations like the World Health Organization, IBM, Oracle, Microsoft, INGOs, and sovereign governments can share and integrate verifiable data that would help in the detection of COVID-19 hotspot areas and provide a transparent database for pandemic analysis.
The MiPasa blockchain data-sharing hub enables secure and seamless collaboration among international institutions for better decision-making and action response on the pandemic.
Blockchain Advantages #2Medical Supply Chain Mapping
Harvard Business Review cites the powerful potential of using blockchain technology in improving the supply chain of highly critical medical equipment and supplies such as masks, ventilators, and personal protective suits.
We could well remember how even first world nations like the United States of America have had difficulties in finding sources and procuring these important medical supplies which also contributed to the high number of COVID-19 cases and deaths in the country.
This is what the Dutch government prevented from happening by partnering with Tymlez. This blockchain startup firm uses network modeling technology to effectively analyze the medical supply chain and map out available resources.
Using blockchain technology for medical supply chain mapping is essential for the efficient delivery of products, prevention of hoarding, and protection from fraud. Since medical equipment manufacturers and suppliers are in a decentralized marketplace, it is necessary to use a transparent system that would allow the government to see which businesses to tap for their needed medical supplies and allow hospitals to speed up their logistics to better respond to their patients' needs.
Blockchain Advantages #3Frontliner Registry & Credentials Verification
Indeed, frontliners are our modern-day heroes in this war against coronavirus. However, tapping into the potentials and skills of healthcare professionals can be difficult without an efficient system that would easily identify the availability of human resources and accurately determine the need in certain jurisdictions.
Different blockchain platforms such as Dock.io and ProCredEx help in solving this problem by streamlining the coordination among institutions and certification bodies when it comes to the verification of the skills of healthcare professionals. They also help match the demand for frontliners against the supply of workers.
Blockchain Advantages #4Contact Tracing
Contact tracing is one of the hotly debated issues during the pandemic since it poses a risk for the invasion of personal privacy. In an attempt to flatten the curve, most governments go to the extreme side of contact tracing by looking into patients' most sensitive information, such as their medical history, relationships, interactions, and geographical movements.
This is exactly what the Coalition application plans to resolve. It offers a free platform that can be downloaded by anyone to share pertinent information without risking the privacy and illegal publication of personal data. Through this app, users can voluntarily report if they are sick or have been confirmed positive of the virus. The coalition app also sends notifications to other users to let them know about possible interactions with patients.
With this app, patients can be freed from the worry of losing their privacy since it generates random anonymous IDs and with data only locally stored on the user's phone.
Blockchain technology has great potential in revolutionizing our healthcare system. If governments and industries across the globe finally adopt the technology, we could be seeing new developments that could help our society live better and safer lives.
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