As we all know about the current situation well. I like to bring out some of the major key points that how a blockchain can be used in the time of the pandemic.
1. Research. Nations are rushing to find the cure. Many researchers have come forward and shared their workings with the global community. As their combined knowledge tries to crack the core of the coronavirus. There are also possibilities of a rise in further problems including patents and untrustworthy researchers. Blockchain can play a vital role here by preventing unauthorized alterations and unauthorized access.
2. Digital currency- It may sound funny to talk right now. But believe me, it can play a vital role now. You can't go to an ATM and press the button without thinking of the coronavirus. Even the physical currency can seem like a virus carrier. The only possible way to overcome both is using digital currency. The combined advantage of blockchain and digital currency can play a vital role.
3. Fundraising and transfer- The amount of funds raised/ received from people, BRIC, and other organizations is huge. Blockchain can stand as proof for not only the receipts but also on the expenditure.
4. Supply chain- People are requested to stay at home as much as possible. what if they didn't get the very basic amenities it may lead to further problems. Basic goods are found in heap at one place and dry in another place. Blockchain can give a solution by linking every nook and corner of the nation. With that the availability of goods(including goods in transit) shall be known and tired to meet the demand on a national basis. Any deficit in the number of goods can be-known in advance and action can be taken.
Thank you
kindly follow and share
0 Comments