As the coronavirus pandemic torments the entire globe, new technologies are coming into play to fight the virus. Blockchain, being one of the most transformative technologies of this era, is being used by the regulators to help battle this crisis.
The coronavirus outbreak has been haunting humanity for months now. The number of deceased is on the rise and the virus has infected millions till date. Blockchain is being used in tracking drug supply chains and medical supplies, to managing and authenticating medical data. The possibilities are endless.
Most recently, the Transnational Transparent Procurement Foundation (TTPF) in the U.K. is trialling a blockchain-based certificate that is designed to ensure that goods in a supply chain don’t pose any risks of infection from COVID-19.
The coronavirus clearance certificate is a result of a collaboration between the Birmingham City University (BCU) and the non-profit Centre for Citizenship, Enterprise and Governance (CCEG). Hence, the TTPF is also known as the BCU-CCEG 4IR,” an acronym for the two institutions.
Since its inception, the CCEG has acted as a global think tank, with 165,000 members contributing to its research and development of social value tools that use emerging technologies such as blockchain, artificial intelligence, Internet of Things and 5G.
Coronavirus Clearance Certificate
The Coronavirus Clearance Certificate (CCC) can be issued to organisations, products and even to people to assure that appropriate steps have been followed to reduce risks from the virus. The highly infectious nature of the virus poses great risks in the logistic sector and value chain. Hence, Olinga Taeed, a visiting professor of blockchain at Birmingham City University, argues:
“It confirms that a supplier adheres to the highest standards of public health, sustainability, anti-bribery and even modern slavery. And in this case, we can verify the level of supply risk due to the coronavirus. It represents the future of supply chain management.”
Now products like masks and hand sanitizers or any essential goods can be tracked in COVID-19 effect areas. The certificate is set for trial in the U.K. Midlands, one of the heavily affected areas. Stressing on the importance of the situation Professor Nassim Belbaly, director of Birmingham City Business School further added:
“For supply chains, coronavirus represents a crisis of trust because we cannot any longer automatically trust goods or suppliers. However, as CCC is independently verified it can be issued to organisations, products, and even people that take appropriate steps to manage risks from coronavirus. I am proud that Birmingham City University is able to contribute in this way at this time.”
Various possibilities of blockchain
Apart from this, blockchain is also being used to track the spread of the deadly virus by implementing distributed ledger technology (DLT) in a tool, known as the HashLog data visualization engine. The tool collects real-time data with Hedera Hashgraph’s DLT to allow researchers, scientists and journalists to further understand the spread of the coronavirus and its trends over time through visuals.
As previously reported, blockchain is also enabling the creation of a dApp that is set to be “a mobile app for users, a processing interface for laboratories, a privacy-ensuring blockchain architecture, and sourcing and logistics solutions for low-cost COVID-19 tests and processing.”