Here Is How China Uses Blockchain Technology to Fight the Coronavirus

in #news4 years ago

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Chinese organizations are looking to implement blockchain solutions during a range of industries as a part of a concerted plan to fight the coronavirus and reduce its economic effect on the country.

Per ZDNet, which quotes news reports in China, also because the Shandong University of Finance, variety of personal and public sector innovators are looking to use blockchain to tackle the spread of the coronavirus publicly institutions, hospitals, universities, and therefore the finance sector.

And it appears that Chinese tech pioneers are realizing that necessity really is that the mother of invention – rolling out variety of solutions for immediate and emergency use.

The report states that blockchain solutions are already getting used by local authorities to manage identity information and donations platforms. The financial industry, meanwhile, is trying to attenuate the economic fallout of the virus by issuing blockchain-powered corporate loans.

In January, a complete of 29 coronavirus-fighting blockchain-related applications were released.

One of these, purportedly co-developed by the Shandong University of Finance and Alibaba Cloud, helps government agencies keep track of patients, suspected new cases and more.

The platform, which has been provided to hospitals round the country freed from charge, lets doctors check patient symptoms and monitor diagnostics data in real-time, integrating patient medical record data.

Blockchain platforms also are likely to seek out a use in schools and universities fighting the virus, allowing managers the power to see on teacher and student health status information before they return to class.

Major banks and telecoms operators like China Mobile also are reportedly performing on blockchain-powered solutions designed to fight the spread of the COVID-19 virus.

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