New technologies are becoming powerful tools for humanity to overcome the obstacles that are presented to it. And one of the problems that is currently causing the most havoc is that of COVID-19. So in this article we will explain how Blockchain technology is being used to fight Coronavirus.
Blockchain technology in the health sector
The blockchain can change the way doctors access patient data.
The overview is to create a common database of medical information, accessible to both doctors and providers. This regardless of the electronic system they use, providing greater security and privacy.
A decentralized system would imply less administration time. Thus, there would be more time to dedicate to patient care and even better share the results of the research.
Blockchain technology against Coronavirus
Blockchain could help fight Coronavirus, a pandemic that has caused the collapse of the health system in different countries and the paralysis of the world economy.
At the time of writing, the confirmed cases number more than 820,000 infected and around 40,000 deaths worldwide.
Therefore, it is believed that Blockchain technology could help simplify many tasks in the health sector, generating better results. The supply chain case is a central point where Blockchain could work.
Supply chain and Blockchain
Supply chain management is very important in the pharmaceutical sector.
With the traceability of medicines and knowing all the information from their origin to the point of distribution, you can have greater control and management of production.
In this way, any change or incident that may affect the manufacture of the product can be registered.
It can also be used to improve production efficiency and control in its management. This by connecting business and automation systems, integrating production processes, coordinating machines and equipment, applications and personnel based on manufacturing objectives.
In short, patient care could be improved, better managed healthcare organizations would be created, costs would be reduced in hospitals, there would be absolute traceability of medical devices and drugs, and networks could be created to improve disease research.
Hospitals facing shortages need to expand their supply chain quickly. Blockchain allows companies to share data without fear of it falling into the wrong hands.
The greats unite to fight COVID-19
In these moments of global health crisis due to the Coronavirus, any help to keep the different affected sectors afloat is more than welcome.
IBM, Oracle, Microsoft and the World Health Organization (WHO) are among the collaborators in an open data center that will use Blockchain technology to verify the veracity of data related to the pandemic.
Called MiPasa, the solution is being launched as a COVID-19 information highway. MyPasa is expected to evolve as a range of data analysis tools are added, followed by data testing and other information to help with accurate detection of critical points of infection with COVID-19.
For its part, in the Netherlands, more than 10 Blockchain technology companies will provide their service free of charge to the country’s government to fight against the advance of COVID-19.
Blockchain the solution
COVID-19 has caused the first great global health crisis of the 21st century, wreaking real havoc on the economy and on society. The Coronavirus pandemic, the result of globalization, is also its main threat. Its exponential contagion capacity means destruction and death, without adhering to borders, races, religions or social status.
Therefore, it is time to reflect on the opportunity of the new global supply chains, to be woven based on the blockchain. And, especially, how Blockchain technology is helping to fight Coronavirus.
The Coronavirus has demonstrated the vulnerability of having multiple providers in a single location or a single provider. Therefore, we must focus on the solutions that Blockchain can provide in crisis situations like the current one. Since this technology may be key for the future management of supply chains.
Although the blockchain is still in the maturing phase, it currently provides greater benefits is in cases where the complexity is greater. Also where there is a strong degree of mistrust between the different actors involved in the integral logistics processes, as demonstrated by the COVID-19 crisis.