5 Ways China Uses Blockchain Against Coronavirus

5 Ways China Uses Blockchain Against Coronavirus

5 Ways China Uses Blockchain Against Coronavirus

5 Ways China Uses Blockchain Against Coronavirus

5 Ways China Uses Blockchain Against Coronavirus

Read Time: 4 minutes

First Death has been observed from Beijing on the 27th of January 2020. Seven hundred seventy-four people died out of the 8,098 because of this outspread of coronavirus. In this article, you will find a glance of practices to fight against coronavirus, where blockchain comes out with a different application to stand against this outbreak and other coronavirus solutions.

We all remember the previous deadly Ebola virus outbreak, which lasted three years from 2013–2016 affected the dominant population of Africa.

Coronavirus has affected significant regions of China and some parts of the world.

Will the present technological innovation help us in fighting Coronavirus, more than before?

Since the Lunar New Year holiday, 87 China-based businesses have received more than $200 million in loans through a cross-border, pilot blockchain finance platform, Xuan Changneng, vice director of the State Administration of Foreign Exchange, disclosed at a press conference on Saturday. (source)

But before we dive into a few more ways blockchain is assisting China right now, let’s look at a brief history of virus outbreaks recorded prior to Coronavirus in 2019:

Outbreak of Corona-Virus!

Health experts believe the virus originated at a wholesale seafood market in Wuhan, China. And it originated in an animal and crossed over to humans.

China confirmed that it could be spread from human-to-human transmission.

Coronavirus is compared to Severe Acute Respiratory Syndrome (SARS) and Middle East Respiratory Syndrome (MERS), two alike infectious diseases that caused minor panic when they were spreading. According to the Centers for Disease Control and Prevention, 774 people died out of the 8,098 people who were infected with SARS between 2002 and 2003. The severity of the new coronavirus compared to SARS is still unknown.The first death was registered in Beijing on the 27th of January 2020. Total of 73,439 registered cases, 1,875 deaths and 13,170 recovered cases worldwide as of 19th February 2020.

Technology vs Calamities

The Coronavirus outbreak in China has left mortifying effects on Chinese businesses and the economy. This epidemic outbreak is affecting a lot of economic activities, majorly impacted on the supply-chain industry worldwide. It is not only China that has been affected by this unfortunate development.

Blockchain against Coronavirus is arising as the redeeming factor for the Asian country.

Numerous blockchain-based applications have been developed since the outbreak of the disease to tackle the threat of the virus. Many dApps are designed to ensure people’s privacy, identity, and medical records on the blockchain along with other medical conditions.

Technological initiatives are taken to fight against Coronavirus:

  1. Chinese blockchain startup Hyperchain developed a blockchain-based donation tracking platform called Shanzong. Doners can track their donations at every stage and see when their money resembles the needed medical equipment.
  2. Xiang Hu Bao is a Chinese Insurance Firm using blockchain technology to process Coronavirus claims, this helped the firm reduce paperwork and the need for back-and-forth documents delivery to clinics. This also helps to mitigate the risk of infection from face-to-face contact.
  3. The blockchain-based platform enables the review, recording and tracking of demand, supplies and logistics of epidemic prevention materials initiated by Alipay along with Zhejiang Provincial Health Commission and the Economy & Information Technology Department.
  4. Insilico’s A.I.-based system, which took just four days to identify thousands of new molecules that could be turned into potential medicines against the coronavirus.
  5. Acoer a company providing blockchain technology to healthcare and life sciences institutes to easily track and visualize the virus outbreak around the world.

Blockchain delivers information in ways that are tamper-proof and traceable. It achieves an exact collection of epidemic data and dispels rumors, helping citizens to cope with the epidemic positively and reasonably.

We wish China keeps a stronghold against this situation.

As discussed above, Blockchain comes up with different solutions to stand against coronavirus with its widespread use case of traceability and real-time tracking.

QuillTrace, which offers a blockchain & IoT enabled solution for full visibility and real-time tracking in any supply chain for diverse industries. To know more about this application of Blockchain, you can visit QuillTrace.

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