Is Blockchain the Answer to Fighting Coronavirus Outbreak?

The victim-count of Coronavirus has increased to 28,276 while taking 565 lives already. 

With the virus epidemic being on the verge of becoming pandemic, there is a cloud of concern hovering over not just the affected nations but also the rest of the entire world. 

The grim picture of Coronavirus is not just of the virus making its way around the world, but also of the lack of crucial medical supplies. Red Cross China has also come under fire for failing to deliver urgent supplies to the front line hospitals. In its apology, Wuhan Red Cross mentioned that it has called for an overnight emergency meeting for discussing internal problems and have pledged to hold people who are in charge of relief distribution, accountable.

The fund shortage has led to a number of hospitals in Wuhan who are looking after coronavirus patients to seek charities on social media platforms. Many of them said that they are in dire need of basic protections against this contagious pathogen. While on the other side, people from all corners of the world who came together to donate money to the coronavirus patients and to aid treatment creation, expeditiously, are outraged at the unfair distribution of their funds. 

To solve the challenge of unfair donation distribution in real-time, Hyperchain, together with Xiongan Group, Fuxing Group, and other well-known establishments, is taking Blockchain’s help. 

Utilizing everything that Blockchain in Healthcare has to offer, Hyperchain is building a platform which would ensure that the entire Coronavirus donation process is traceable, immutable, and reliable. Announced in a press release on 4th February, the platform will act as a medical supply donations portal for supporting medical institutions operating in central China. 

It is going to be a transparent portal that will also act as an information exchange enabling donors to see where their donations or funds are going. Through the platform, the donors will get proof of receipt and proof of need which would ensure that their funds have reached the intended party in real-time. 

Hyperchain, Hangzhou Qulian Technology Co., Ltd , formed in 2016, is a tech company providing blockchain solutions. It excels in the development of underlying blockchain platforms, security platform and data sharing, supply chain finance SaaS platform, BaaS platform, and digital evidence services.

The lack of transparency and censorship are often two of most debated challenges that emerge during every epidemic outbreak. What happened with Red Cross China is simply a wake-up call for the dire need of the inclusion of a Blockchain development company in every world-affecting event and process. 

There is a need for credible and transparent mechanism based society and Blockchain is the answer.