There are many different opinions as to how the novel coronavirus crisis needs to be addressed. Some even claim how blockchain technology can be a valuable ally to the medical supply chain.<\/p>\n
It is certainly true that blockchain technology is incredibly versatile.<\/p>\n
Its concept can easily be applied to many different business models and points of focus.<\/p>\n
Using it to streamline global medical supply chains would certainly be interesting to explore.<\/p>\n
Especially when it comes to coronavirus ventilators, the blockchain can help address global shortages.<\/p>\n
It would also help remove any lack of compatibility between different regions.<\/p>\n
More specifically, requirements in the US and EU are very different from one another.<\/p>\n
Now that the demand for resources and equipment is higher than ever before, those conflicting standards need to go.<\/p>\n
It is a very interesting option to explore, but it will not happen overnight.<\/p>\n
No one will argue that the medical supply chain has trust issues that need to be dealt with.<\/p>\n
How blockchain will fit into all of this, is anyones guess as of right now.<\/p>\n
Numerous options are waiting to be explored, especially regarding certification, payments, and supplier credibility.<\/p>\n
Finding partners who are willing to explore these options, is a different matter altogether.<\/p>\n
Image(s): Shutterstock.com<\/p>\n
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Is Blockchain a Viable Technology During the Coronavirus Crisis? - The Merkle Hash<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" There are many different opinions as to how the novel coronavirus crisis needs to be addressed. Continue reading