Leveraging Blockchain During a Pandemic
The COVID-19 coronavirus virus outbreak was declared a pandemic by the World Health Organization (WHO) on March 1, 2020. The global widespread of the virus has led to many unprecedented regulations, restrictions, and changes being implemented across the world. Many challenges and opportunities have arisen as a result of this pandemic situation. In this report, we discuss about the different challenges faced by frontline organizations in a pandemic situation and how blockchain can be leveraged to reduce the impact in a time like this."The challenges that the frontline organizations are facing during a pandemic are similar to what commercial organizations face in daily operations. Time factor is the key difference in this situation," says Jeff Xie, senior market analyst, IDC Blockchain and Security Research. "By leveraging on the implicit characteristics of the technology, government agencies can make informed decisions and take swift actions against the pandemic," he adds.
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