Covid-19 is impacting enormously on every country in the world, in a vast number of ways now. They range from the closure of schools, factories, offices, commercial activities, to the freedom of movement of people. Of course, governments around the world are working to solve this type of very serious problem, often even with strong help from technology.
Blockchain: what uses during the crisis?
Blockchain technology can have many uses, as we have already told in several of our contents, like this one.
Specifically, it can be used for example in the field of education. Thanks to it, in fact, it is possible to develop training platforms specifically designed to adapt perfectly to learning systems, issuing digital certificates of course completion and verification. In this way, as we know, we would obtain unequivocally secure and immutable information.
By using these platforms it is possible to track student activity remotely, so that when the institutions return to school they will be able to understand exactly the program already implemented at home because the relative completion certificates and performance assessments will have been recorded on the blockchain and even integrated into their traditional accreditation systems.
Even in the healthcare sector, the blockchain finds its uses. On the healthcare front, in China, Ant Financial (belonging to the Alibaba Group), through its pre-existing “Xiang Hu Bao” platform, based on blockchain and regulated by a smart contract, which provides assistance to individuals for strong medical needs, has added Coronavirus to its list of critical conditions eligible for care payments.
One of the focal points of the blockchain is its independence from the trust between the parties, this has made it possible to easily process complaints and speed up the payments of the various participants in the platform.
Again with reference to the coronavirus, it has been necessary in recent months to keep a precise track of the infections, the victims and the general situation of each country.
In this regard, John Hopkins devised an accurate dashboard to monitor the level of contagion throughout the globe, providing a map and figures based on publicly available health data, with a blockchain-enabled tracker and with a specific section dedicated to capturing the tweets that speak of “coronavirus”.
Blockchain technology is therefore helping, as far as possible, governments and medical agencies to stem the dramatic social consequences of Coronavirus, with applications to face emerging challenges, including the management of medical records, the protection of fenced communities for residents, the management of emergency supplies and monitoring the logistics of epidemic prevention materials, but that’s not all.
The financial case of China
To meet the companies that are having great damage due to the economic crisis, China has started to monitor loans through a special pilot project, a cross-border financial platform developed with Ant Financial.
This special platform, naturally based on blockchain technology, will be able to help small and medium-sized enterprises that are continuing to work, and when they will also reopen those that have been closed, to have access to financial-type tools aimed at maintaining profitability.
What we can deduce from the current situation and the use being made of the blockchain is that our society, even when the state of emergency is over, will be profoundly changed.
It will become a “data driven” company, totally digital or almost, in which the blockchain will act as a standard for data transmission and will be the “safe” with which we will keep our information intact over time.