In this episode of the DIVI Crypto Podcast, Steve answers a question from the community about how the blockchain technology can help people during this COVID-19 pandemic. He identified aspects where this tool could combat the spread of the virus.
Since everyone is forced to stay at home, people face problems concerning transporting goods. Material distributions such as personal protective equipment, foods, and medicines must be transported safely to hospitals—also, those disadvantaged need to receive reliefs so they can survive the crisis.
Blockchain technology provides a secure way of distributing goods without violating any sort of user privacy data. It allows people to transparently transfer, receive and track data, and see if the necessities are delivered to respective recipients.
With businesses adjusting to a work-from-home setup, the blockchain allows companies and individuals to collaborate. If companies can continue to operate efficiently amidst the pandemic, the economy will not shrink.
The key highlight in which the blockchain is most beneficial is in the contact-tracing. It helps track the time, date, place where someone was, and if this person is in close contact with a COVID-19 positive. If so, individuals behind the blockchain can call or text other people exposed to the virus. It is not only a clear transparent ledger, but it also tracks people anonymously without overstepping the bounds of data privacy.
A lot of charities and foundations want to extend their help to the impoverished. The blockchain can be of great use by tracing exactly where the donations came from, where they are routed, and to whom they are sent. It allows a transparent way of distributing grants to make sure that efforts are not put to waste.
Even though companies or individuals are working behind the blockchain, it assures that medical data and personal data privacy are secured. Steve assures that there are no issues in data manipulation.
Listen to the full episode here