Blockchain Capabilities

In a typical year, there are hundreds of natural disasters with 12,000+ deaths. Pandemics now dwarf that figure with global mortality now exceeding 1.22 (Nov. 5, 2020) million. Blockchain technology, developed and proven over the last decade, offers unique capabilities to support rapid response to natural disasters, whether the incidence is a flood or threat of contagious disease. Timelines and reach of response are always determinative in limiting negative impact. Blockchain offers a common widely accessible platform for transaction recording, immutable records, identity validation, permissioned data access, monetization, and trustful access to critical data across information systems and geographies. With these capabilities, blockchain can directly address critical challenges of disaster response such as coordination, rebuilding trust, or maintaining safety. All types of organizations are involved. Regarding NGOs, for example, blockchain may support the registration of volunteers, rewards to volunteers and other contributors, demand identification, and tracking the delivery of supplies, such as vaccines and food, and services in complex supply chains.

Blockchain can be considered a disruptive technology based on proven techniques. The application of blockchain goes far beyond the initial application to Bitcoin transactions and other cryptocurrencies. Indeed, blockchain has begun to transform many business sectors and practices. From supply chain to marketing, organizations benefit from taking this technology into account. Blockchain should be viewed as a complement to other disruptive technologies. Along with AI and IoT, for example, blockchain will generate synergies that transform business ecosystems in unanticipated ways.

Currently, the world faces an unprecedented health challenge. The covid_19 outbreak may destabilize the basic viability of individual lives and livelihoods. For example, dining at restaurants has been replaced in a significant part by take-out business and food delivery services. Sectors like tourism and energy production have been profoundly impacted. Videoconferencing and online courses have become essential vehicles for education.

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Media Contact:
Stella M
Journal Manager
Immunome Research
Email: immunores@longdom.org