Impacts of Blockchain Technology Adoption during the COVID-19 Pandemic, Illustrated by 12 Key Indicators

In the turbulent 2020s, blockchain technology is poised to be a rising star, according to Gartner. This revolutionary technology, known for its secure and transparent nature, is proving to be a game-changer in various sectors, especially during the ongoing COVID-19 pandemic.

One of the most notable examples is the work being done at Villanova University. They are developing a software solution that leverages the power of Blockchain, Internet-of-Things, and Artificial Intelligence to track infectious disease outbreaks, such as COVID-19.

Meanwhile, Spherity, a German startup, is packaging its latest offering, E-Rezept, around blockchain solutions to combat the virus. With E-Rezept, Know-Your-Customer (KYC) data would be readily accessible with the help of a digital fingerprint associated with an e-wallet, ensuring a smoother post-COVID-19 transition for those returning to work after restrictions were eased.

The app, a key part of the transition, allows for real-time data exchange, record updating, archiving, and trend forecasting. These features help epidemiologists track the spread of the COVID-19 virus, providing valuable insights for containment strategies.

Mipasa, a global data-hub project, is another notable initiative. Built with the coalition of IBM, World Health Organization, Oracle, Microsoft, and governmental institutions, Mipasa is a predictive analytics tool. It helps identify emerging hotspots and potential COVID-19 carriers, including asymptomatic ones, making it a crucial tool in the fight against the pandemic.

In China's Shaanxi province, a blockchain-based system is facilitating secure online health consultations and encrypting public health records, further demonstrating the technology's potential.

International companies like Elliptic, Chainalysis, and CipherTrace have also implemented blockchain-based solutions during the pandemic. While their efforts focused more on financing and security, they have played a significant role in addressing economic challenges posed by the crisis.

The adoption of blockchain technology during the coronavirus isn't limited to healthcare and finance. Global Healthcare, Fintech industry, and Supply Chain & Logistics Management are among the industries embracing this technology.

Genobank.io, a startup that allows users to store DNA data anonymously, is joining forces with Telos blockchain to combat coronavirus. They aim to make testing kits available anonymously from legitimate medical centres, further leveraging the benefits of blockchain technology.

Lastly, it's worth mentioning the efforts of CoreWeave, the largest Ethereum mining group in the United States. They volunteered to contribute the processing power of over 6000 computers towards the Folding@home project, aiming to invent cures for diseases.

In conclusion, blockchain technology is proving to be a powerful ally in the fight against COVID-19. From healthcare and finance to supply chain management and research, its secure, transparent, and decentralised nature is making it an invaluable tool in these challenging times.

Impacts of Blockchain Technology Adoption during the COVID-19 Pandemic, Illustrated by 12 Key Indicators