Hot News, News & Updates

Covid-19 cure can be found with the help of Blockchain

Brandon Mintz of Bitcoin Depot has made a statement that blockchain can undoubtedly help to find a cure for Covid-19. This is in line with society’s adoption of technology.

Blockchain has been known for playing the role of helping pharmacies in the development of pharmaceutical drugs to fight Covid-19. It is said that blockchain technology can work with immense computational powers to help confirm transactions and generate new coins.

Mintz said that the significant benefit of blockchain could enhance security in the aspect of things. Adding adoption will also help contactless payments and purchases made online as crypto is on it’s way to top with regards to payment options.

The CEO also mentioned the computational power to help strengthen the Covid-19 related projects by the allocation of resources in blockchain-powered platforms.

Mintz said “Since COVID-19 hit worldwide, we’ve had to process more information online than ever before, and incorporating the added security that blockchain offers has been an enormous help in my eyes. I think developments like this are great. If there are resources available and it can potentially improve the project greatly – I think more institutions should look into expanding their own projects like this.”

He made clarifications that there may always be some fragmentation in the crypto community in finding ways to help to find a cure. A large portion of the community has already made alliances to create innovative ways to fight the virus.

“I think one of the biggest takeaways for most is that blockchain technology can be as flexible as you need it to be. Especially in cases like the current pandemic, we’ve seen blockchain be used for handling patient data and contact tracing all the way to helping businesses with verifying donations. The community has found ways to apply it to non-typical uses and I hope that trend continues in the future,”

he notes that when the pandemic ends, the community of blockchain may also we other use of technology can do. Not just for the current pandemic-related.

Leave a Comment

Leave a Reply