Blockchain and Covid-19 | Key Takeaways from Webinar ‘Blockchain, China’s Story’
EqualOcean held an online event on April 26. Here is what our speakers thought about how blockchain technology can be of help in the global pandemic.
On April 26, a few weeks after industry report ‘Blockchain, China’s Story’ was published, EqualOcean held a live webinar on the similar topic. We invited corporate strategy expert and, vice president at Huawei William Genovese, two executives from local blockchain startups – Fuzamei Technology vice president Cao Jing and Mark Xuan, a co-founder of Ziggurat IT – and well-known tech influencer Antonio Grasso, who is also the founder and CEO of Digital Business Innovation Srl.
In this series of follow-up articles, we will walk through selected insights shared by our guest speakers. The topics include:
Blockchain and COVID-19
How can we leverage the blockchain technology to meet the current challenges brought by the pandemic?
Antonio: I think one important aspect of the adoption of blockchain technology addresses the COVID-19 is to manage contact tracing. In tracing the potential patients, a lot of sensitive data involves privacy problems, which is where I think distributed ledger technology can help us to manage and store the tracing history regarding potential patients.
Cao: What blockchain can do under the pandemic is to rebuild the distrust situation. We see now countries do not trust the data regarding COVID-19 provided by each other, which is because, to a large extent, these data come from the government rather than directly provided by citizens themselves. So people from different groups do not trust each other, which constitutes a big problem worldwide. However, if all the information we need or we want to use comes from the general public rather than a single source, people are more likely to trust it. And this process of trust rebuilding is what blockchain can take part in, based on its idea of decentralization.