The Current Health Crisis and How Blockchain Can Help Prevent Future Pandemics
Today, the world is in a state of war against an invisible enemy, and battling the COVID-19 health crisis requires extra support
from not only health care workers, grocery employees and food banks, but other industries as well.
Blockchain technology can provide solutions that can help limit the expansion of the virus. Although blockchain cannot address
the impact of COVID-19 directly, the technology can certainly help when it comes to providing contactless transactions, worldwide
secured payments, supply chain visibility and medical records keeping.
Indeed, we have witnessed several positive stories in which tech entrepreneurs are coming up with ideas and suggestions for
how to fight the pandemic spread using decentralization and blockchain.
Most of these initiatives are around data integrity, reporting, making the supply chain more efficient, processing financial data and
supporting donation initiatives. What has stood out to me the most, however, is blockchain technology is increasingly being
mentioned when it comes to helping prevent future pandemics.
That is huge.
Health organizations are investigating how they might use blockchain to share medical data between organizations, which could
have a profound effect on their ability to respond to future pandemic outbreaks. Although countries across the world are doing
everything they can to contain the spread of the coronavirus, their fight is often constrained by the difficulty of sharing information
with local and international health enforcement agencies in a timely manner.
How can blockchain help?
For one, the technology could allow medical data to be stored and shared quickly, while still complying with laws pertaining to
user privacy and security. In situations like these, there are high numbers of incoming data with not enough people to manage it
all. With the use of blockchain, the data collection process becomes automated and unchangeable ledgers make it impossible to
Blockchain can also be implemented as a healthcare surveillance system, providing information to local and national health
agencies to prevent or control future outbreaks. This type of system would benefit areas where connectivity is low. Through
blockchain, doctors and health professionals could receive real-time information on surrounding areas, regardless of red tape
bureaucracy and barriers.
Blockchain could also be used for tracking infectious disease outbreaks and help to develop treatments more rapidly. Through
its use, government agencies would be able to keep track of virus activity, suspected new cases, and more.
In short, when the world needs a solution, blockchain technology paves the way, keeping things moving while remaining
transparent and secure for all involved.