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 present technological innovations 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, for some perspective: Outbreak of Coronavirus Health experts originally believed the virus originated at a wholesale seafood market in Wuhan, China; originating in an animal and crossing over to humans. The jury's still out on that one, though: In the case of the new coronavirus, initial reports from China tied the outbreak to a seafood market in central Wuhan. As a result, local authorities closed down the market on January 1. However, later assessments have since suggested that this market was unlikely to be the single source of the coronavirus outbreak, as some of the people infected with the virus had not been frequenting the market. Specialists have not yet been able to determine the true source of the virus or even confirm whether there was a single original reservoir. ( ) source China confirmed that it could be spread from human-to-human transmission. Coronavirus is compared to and , two alike infectious diseases that caused minor panic when they were spreading. According to the , 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. Severe Acute Respiratory Syndrome (SARS) Middle East Respiratory Syndrome (MERS) Centers for Disease Control and Prevention was registered in Beijing on the 27th of January 2020. Total of worldwide as of 19th February 2020. The first death registered cases, deaths and recovered cases 73,439 1,875 13,170 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 rising 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 are designed to ensure people’s privacy, identity, and medical records on the blockchain along with other medical conditions. dApps Technological initiatives being taken to fight against Coronavirus: startup developed a blockchain-based donation tracking platform called . Doners can track their donations at every stage and see when their money resembles the needed medical equipment. Chinese blockchain Hyperchain Shanzong is a 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. Xiang Hu Bao Chinese Insurance Firm The blockchain-based platform enables the review, recording and tracking of demand, supplies and logistics of epidemic prevention materials initiated by along with and the Economy & Information Technology Department. Alipay Zhejiang Provincial Health Commission 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. Insilico’s a company providing blockchain technology to healthcare and life sciences institutes to easily track and visualize the virus outbreak around the world. Acoer 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 - a huge technologically-enabled advantage not previously available to countries facing crises like novel Coronavirus.

Too Long; Didn't Read

Discover Saakuru: Web3 Mass-Adoption with 0-FEES

5 Ways China Is Using Blockchain Technology Against Coronavirus

Too Long; Didn't Read

Tarun RAMA

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

5 Ways China Is Using Blockchain Technology Against Coronavirus

Too Long; Didn't Read

Tarun RAMA

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES