Posted 1 year ago | by Ben Armstrong
Blockchain Deployment Rises during nCoV19 Outbreak in Asia
China is using blockchain technology to archive medical data, track the supply of virus prevention materials and consult the public amid the coronavirus outbreak. The nCoV19 outbreak has brought the Chinese economy to a standstill, and may be the worst viral outbreak in modern times.
According to the People’s Daily Online (Chinese domestic news), there are 20 blockchain-based applications designed to help fight the nCoV19 outbreak being rolled out. These new apps are expected to help deal with nCoV19.
Most of the apps are used to manage citizens’ personal data, and China hopes that its workers will be back in force this month. This seems very unlikely, as the areas that are under a strict quarantine have been expanded, and there is little in the way of economic activity.
China is Suffering from nCoV19
Local authorities highlighted that blockchain helps them to effectively track and secure collected information. Xi'an, the capital of Shaanxi Province, applies the tech for online consultation and screening, as well as to securely manage health records.
In Hangzhou, tech company Vastchain Technology launched a WeChat-based program named Access Pass, which generates a QR code that residents can use to enter gated communities.
The mobile and online payment platform Alipay has partnered with the Zhejiang Provincial Health Commission and the Economy and Information Technology Department to issue a platform that allows charity organizations and initiatives to work more efficiently and transparently.
The app helps users to track allocation and donation of relief supplies, the review, recording, and tracing of demand and supply chains of medical supplies.
A Major Global Crisis
Asia has been brought to its knees by nCoV19. The new virus has forced several cryptocurrency-related conferences be delayed.
Bitspark, a Hong Kong-based blockchain remittance startup company, also abruptly announced its closure in the context of the nCoV19 outbreak in China and anti-government protests in Hong Kong, where Bitspark’s head office is located.
Meanwhile, other crypto mining firms such as Bitmail, MicroBT, and Canaan also published notices on their websites of delays in their after-sale services due to the outbreak of the virus.
The online mutual aid platform Xiang Hu Bao then added the nCoV19 to the list of illnesses eligible for a maximum one-time payout of around $14,300 USD (100,000 yuan). Blue Cross Insurance, owned by the Bank of East Asia is reportedly using a medical claims app to help to decrease the bureaucratic impact of nCoV19.
The Risk to Trade
China is reported to be destroying used banknotes that try to stop the spread of nCoV19. Cryptocurrency is one of the best ways to trade by using mobile devices. When using cryptos, people don't risk any kind of physical contact, and aren't locked into using government currency systems that are at-risk of failure.