Crypto News

Is Blockchain a Viable Technology During the Coronavirus Crisis?

There are many different opinions as to how the novel coronavirus crisis needs to be addressed. Some even claim how blockchain technology can be a valuable ally to the medical supply chain.

It is certainly true that blockchain technology is incredibly versatile.

Blockchain and the Coronavirus

Its concept can easily be applied to many different business models and points of focus.

Using it to streamline global medical supply chains would certainly be interesting to explore.

Especially when it comes to coronavirus ventilators, the blockchain can help address global shortages.

It would also help remove any lack of compatibility between different regions.

More specifically, requirements in the US and EU are very different from one another.

Now that the demand for resources and equipment is higher than ever before, those conflicting standards need to go.

It is a very interesting option to explore, but it will not happen overnight.

No one will argue that the medical supply chain has trust issues that need to be dealt with.

How blockchain will fit into all of this, is anyone’s guess as of right now.

Numerous options are waiting to be explored, especially regarding certification, payments, and supplier credibility.

Finding partners who are willing to explore these options, is a different matter altogether. 

Image(s): Shutterstock.com

The post Is Blockchain a Viable Technology During the Coronavirus Crisis? appeared first on The Merkle News.

Related Crypto News

Riot Crypto Mining Firm to Cough Up $728K For Disgruntled Investor
It looks as if Riot Blockchain Inc. will be found in breach of the contract it has with investor...
Bitcoin Bulls Aim Crucial Test of 100-day SMA Near $8K
Bitcoin is up close to 5% and it broke the $7,000 resistance area against the US Dollar. It seems...
Ripple (XRP) Retreats From Key Resistance But Bulls Are Comfortable
Ripple is up close to 10% and it broke the $0.2000 resistance against the US Dollar. However, XRP price...
Ethereum Rallies 20% But Fails To Surpass 100-day SMA
Ethereum surged close to 20% and climbed above the $170 resistance against the US Dollar. However, ETH price is...
Coronavirus Crisis can Become a Catalyst for Bitcoin Adoption
The financial repercussions of the coronavirus pandemic is very difficult to predict. Some people expect a major insolvency cascade...
Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy
With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that...

Featured Crypto News

Here’s Why Bitcoin Could Correct To $6.5K Before A Fresh Rally
Bitcoin surged above the $7,000 resistance and reached the $7,200 bullish target against the US Dollar. BTC price is...
Ethereum Gearing For Another Lift-Off to $155: Rally Isn’t Over Yet
Ethereum rallied recently above the $135 and $140 resistance levels against the US Dollar. ETH price remains well supported...
Veteran Trader: Bitcoin to Target $8,400 After Posting “Big Time Bull Break”
In a jarring early-morning movement, Bitcoin blew past the resistance it was previously facing within the upper-$6,000 region, with...
Tezos Cryptocurrency May Rally to New Highs, According to Key Bullish Factors
Few cryptocurrency assets have had as strong a showing in early 2020 as Tezos. But just as most assets...
Tiger King’s Archnemesis Big Cat Rescue Accepts Bitcoin
The number one show on Netflix in the U.S. right now is a television series called “Tiger King: Murder,...
Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Strong Rally
Bitcoin is slowly rising and trading above the $6,750 level against the US Dollar. BTC price must claim the...